Summit Funding - Great company to work for | Glassdoor
  1. "Great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Loan Manager in Manteca, CA
    Recommends
    Approves of CEO

    I have been working at Summit Funding full-time

    Pros

    Summit really cares not just for the customers ( borrowers ) but also for the employee's as well. A lot of great benefits and great staff.

    Cons

    If you don't like dressing up in business professional clothes Monday-Thursday , then business causal on other days, this job is not for you

    Advice to Management

    A lot of room for advancement and great culture

    Summit Funding2019-07-17
  1. "Absolutely love my career. It not a job here it's a career."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Loan Officer in Cornelius, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Summit Funding full-time for more than 5 years

    Pros

    Operations is top notch and some of the hardest working people I know. I get excited just to go to work. A refreshing break from anyone who has worked for Corporate America. Culture is like family but with a family that all have the same goals and strive to be the absolute best that they can be.

    Cons

    Hard to think of any Cons On boarding to be faster.

    Summit Funding2019-09-14
  2. "Enjoy being the least important person in a company? Work in IT here."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - IT Analyst in Sacramento, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Summit Funding full-time for more than 3 years

    Pros

    There's a Stockholm Syndrome-like camaraderie among the people that work here. It's almost like a team, but not really. There are some good people that work there still, but the company is actively working on pushing them out. Sometimes there are snacks. The coffee is free, but check the expiration date on anything else. You'll get a free lunch here once a month or so, which will make you wonder why they can brag about closing 500 million dollars in loans in their best quarter ever, only to deny you and all of your team any additional salary, training, or even the slightest perk. Pretty good work-life balance, but only because they have been sued so many times for the previous times they overworked people and didn't pay overtime.

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    Cons

    It's a wonder this company stays in business. The President is a really good salesman that thinks he's a good president... He's not. At all. Do a search on recent lawsuits the company lost, or ask them about the office they rented next door at overwhelming expense only to renovate and abandon. Summit can't decided if it's growing or shrinking, and you'll never know either. It's all based on the bumbling President and his management training classes and nonsense. The loan officers run everything here. There's no business needs pushing the organization, it's the other way around. LO's do whatever they want. Do a search for the President on YouTube or elsewhere, and watch him bumble and try to be a "Mentor". It's hilarious. This is a sales culture. There isn't a wall in the building that doesn't have some sales mantra on there or other nonsense about what we can do to make the company better... Like I could make 25 phone calls a day to customers that want a mortgage! Well, no, I really can't because that's not my job. No one at the main office does that. But it's really important that you understand that if you aren't selling things that benefit the company, they 100% do not care about you. (Until they were all torn down and thrown away, even the restrooms had these sales nonsense mission statements and graphs all over them. In the stalls. You cannot escape it.) They will pay you the minimum you will accept. Promises will stack up from there, and if you are a truly stellar employee, you may get a 3% raise if they really pull strings. The end result is that anyone with even the slightest amount of ambition is gone. Those that stay are mostly incompetent just doing the bare minimum to get a paycheck and leave. If you're good at what you do and enjoy accomplishment, you will suffer for it here. Everything is done as cheaply as possible. After talking to some of the upper management, I learned this is all pretty much by design. I can't stress this enough: Every penny will be pinched here. If you need something to do while you find a better job, this will do. And you'll fit in well, since anyone smart that is still here is just searching for a way out. Meanwhile, the President and management will search out other companies that are "comparable" to Summit that operate on less people and use that as an excuse to hire less people when things are falling apart.

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    Advice to Management

    Get the President to do his job running the company and selling things. Instead of having him watch every dollar in the organization. (All of you VPs and directors should actually demand this. Before he ignores all of you again and buys another awful lease next door that fails.) Allow departments to reasonably buy and spend as they need to, and revisit those decisions quarterly or yearly in a review... You know, like real companies do. The talent that you've squandered in the years I've been around is staggering. Pay people what they are worth, and actually hold them accountable. Foster an environment that rewards those that take on extra responsibility. Instead of having the President "coaching" by holding workshops about how people can live on a budget. (Translation: How to live on the terrible salary we pay you.) Why not just ask the people that are leaving how much they are getting paid at their new job, and pay that next time? Because retaining and onboarding have got to be costing you more than that. I've watched really good people leave over 5-10% salary... Literally a few bucks a check. The money you "save" by underpaying good people and keeping below average people is a bad place to be. Let people work from home. The office is a nightmare. I was able to work a few days a week remotely, unofficially, and it was the most productive I've ever been.

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    Summit Funding2020-01-07

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