CashCall Reviews | Glassdoor

CashCall Reviews

Updated February 27, 2017
71 reviews

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Full-time Part-time

2.7
Star Star Star Star Star
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J. Paul Reddam
28 Ratings

71 Employee Reviews

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Pros
  • There is a lot of potential to make a lot of money, but you will have to put in the time (in 4 reviews)

  • Very casual environment, potential to make a lot of money, no set schedule (in 3 reviews)

Cons
  • Very long hours especially toward month end (in 14 reviews)

  • Downside is terribly long work hours, boiler room mentality, and lack of work life balance (in 5 reviews)

More Pros and Cons

  1. Helpful (1)

    "Mass Hirings, Mass Layoffs...All the benefits are pointless if you can't stay employed for more than 2 months."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - MOrtgage Loan Originator in Orange, CA
    Former Employee - MOrtgage Loan Originator in Orange, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at CashCall full-time (Less than a year)

    Pros

    In house training, Cashcall paid for all my licensing renewels, and licensing in several states, they pay for lunch/dinner last couple days of each month during crunch time, they provide you your leads which costs a lot to purchase from other companies.

    The money is real and you could easily earn an income of $140k plus a year but the trick is finding a way to hold onto your job without being rotated in and out so fast. Keep in mind you have to hustle hard to make that money though because compared to the thousands you would normally make on a regular deal, you only make $250-$400 per deal "after" the first 11 deals you have to do for free (if you don't close atleast 11 in the month). Commission is on a pyramid scale up to a max of $400 per deal.

    I would honestly go back if asked to return but man the way so many loyal employees were treated was cruel.

    Cons

    I was hired in with approx 140 others in Oct 2016, it takes a mandatory 45 days to complete all licensing, I passed all exams with 90% plus (excellent exam grades) and had less than a week on the floor to make sales before I was layed off in Nov 2016 along with approx 300+ others and were told the mass layoff was due to rates going up a little bit after the presidential election. "Layed off just before Christmas" ....WOW and I had 8 loans in processing in my first and only week!!!!!!!! and because I was layed off in mid stream of those, I was never paid for those deals. My immediate manager even said I was one of the best employees gifted with great sales ability he had seen in a long time so it wasn't just the slackers that were getting the boot. I was rounded up with everyone else because I was told my employment was under 6 months and not ashamed to say they lost a GREAT employee. I voluntarily put in 60+ hours a week and even worked the weekends without pay!

    Advice to Management

    It's not immedate managers but the higher ups to make these decissions and it would be nice to know there was a bit of compassion that we are all grown ups with families of our own so even in a business decission like a mass layoff, I would think giving your employees a 2 weeks notice just as you would expect your employee to do if they were leaving would be appropriate in the professional and moral sense particularly before Christmas so we could have a heads up on handling personal matters at home first.


  2. Helpful (1)

    "Mortgage Agent"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CashCall part-time

    Pros

    They have a paid training for MLO

    Cons

    theres no room for development

    Advice to Management

    Focus on your new hires


  3. Helpful (1)

    "Nice place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Easy work environment, Good place to work

    Cons

    Nothing wrong, nice place to work

    Advice to Management

    NA


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    "Senior Loan Processor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Loan Processor in Orange, CA
    Former Employee - Senior Loan Processor in Orange, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at CashCall full-time (Less than a year)

    Pros

    Laid back relaxed atmosphere, catered lunch for month end

    Cons

    Upper management very clicked up and a lot of evident nepotism


  6. "no heart"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at CashCall full-time

    Pros

    nice co-workers and business location

    Cons

    bad business model, upper management doesn't care about employees. mass layoffs during holidays!


  7. "Awesome, while it lasted."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Funder in Orange, CA
    Former Employee - Funder in Orange, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at CashCall full-time (Less than a year)

    Pros

    Great co-workers. Fast Pace. Good benefits.

    Cons

    Quick to lay off people when rates go up.


  8. "Loan Agent"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at CashCall full-time (More than 3 years)

    Pros

    Good compensation and health insurance. Bonus incentive much higher than many other companies in same field.

    Cons

    Downside is terribly long work hours, boiler room mentality, and lack of work life balance.

    Advice to Management

    Stop treating employees as just numbers, also a lot of politics involved here with the calling queue system.


  9. "Great pay, cut throat environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Loan Processor in Anaheim, CA
    Former Employee - Senior Loan Processor in Anaheim, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at CashCall full-time (More than a year)

    Pros

    Lots of bonuses and monthly contests. They feed their staff 1 to 2 weeks out of the month to boost production and productivity. Laid back work environment.

    Cons

    Very cut throat, favoritism feeding lots of easy loans to senior staff. Many of the workers regardless of seniority are very loud and sound unprofessional due to such a laid back work environment.

    Advice to Management

    Adapt a more professional environment, and cut out the favoritism. Would like to see this company's front door to stop revolving.


  10. "Fun place to work; a lot of available overtime."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at CashCall full-time

    Pros

    Great environment. Fun place to work. Food provided on busy days.

    Cons

    A lot of hours. Overtime encouraged, almost mandatory.

    Advice to Management

    Promotions to best workers.


  11. "Good place to learn"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at CashCall full-time

    Pros

    Considering its size of business, it has very sophisticated and developed structure along with tech and database. Pays for most of the insurances including dental vision (copay was around $2 semimonthly).

    Cons

    Do not match 401K. Not enough holidays. There is only 6 holidays annually.



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