RFC MN and GMAC Horsham Subsidiary Merger.... tough to take... - Manager Ally Financial Employee Review

3.0
Oct 1, 2008
Recommend
CEO approval
Business Outlook

Pros

Creative products and efficient processes at the Horsham based operations, especially in morgage servicing.

Cons

The merger with Minnesota RFC Subprime unit's strategy and asset holdings took pulled down the Horsham Prime GMAC Mortgage unit unfairly..... Current financial crisis and bailout, tells which sub. really had the right thinking and which was pie in the sky easy money.... If the companies were not merged, I believe GMAC corp would of just shut GMAC RFC down in its entirety in one motion... and Horsham based employees would of been less effected by the crisis...

Explore other reviews about Ally Financial

5.0
Jun 8, 2026
Recommend
CEO approval
Business Outlook

Pros

Competeive pay, Great benefits, and bonuses.

Cons

It can be a stressfull and competitive atmosphere.

3.0
Jun 11, 2026
Recommend
CEO approval
Business Outlook

Pros

Great benefits and affordable healthcare Hires excellent talent Progressive and current on the bank side Visible female leadership representation Many ways to be involved through employee culture programs and speakers to quickly build an internal network Will help move internally if stagnated Low turnover Bonuses were reliable Took care of employees through pandemic Very nice new Charlotte building and new Detroit floors including fully outfitted gyms and rest areas like golf swings and cool chairs Offices are near places to walk for lunch or take a break Bank holidays and decent PTO that was respected if you prepare

Cons

Low-to-middle market compensation Culture changed post-pandemic and then with government pressures on DEI Lots of red tape with an expectation to move faster than employees can Layoffs started happening with CEO change, and it was odd that top performers were let go Only 3 POC represented in Board and Executive Leadership and twice as many men as women Perfectionism and performative culture Auto business is archaic Everyone has to work a lot and you hear horror stories about IT goes through There's an expectation that you should work some more after you get home. Penalized for not buyng into the koolaid, but also penalized if you do but not doing it frequently enough Low turnover prevents meaningful career & salary growth for many employees who have been there 10+ years Encourages openness and authenticity only to get met with barriers as soon as you do

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