Finance of America Reverse Reviews | Glassdoor

Finance of America Reverse Reviews

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Found 29 reviews

3.3
StarStarStarStarStar
Rating TrendsRating Trends
64%
Recommend to a Friend
88%
Approve of CEO
Steven McClellan
14 Ratings
  1. "Senior Loan Processor"

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

    I have been working at Finance of America Reverse full-time for more than 20 years

    Pros

    Working for Finance of America is a family that cares for their employees. Finance of America offers a full benefits package, including competitive pay, 401k match, and PTO. The company helps with charities.

    Cons

    The volume is low currently and needs to lay me off for now.

    Finance of America Reverse2019-01-09
  2. "Manager"

    StarStarStarStarStar
      Former Employee - Anonymous Employee 

      I worked at Finance of America Reverse full-time

      Pros

      They allow you to work on a flexible schedule

      Cons

      Nepotism, "clicks", lack of communication

      Advice to Management

      Hire and promote people based on their job and career performance, not based on seniority, relatives or personal friendships.

      Finance of America Reverse2018-11-06
    • Helpful (1)

      "Unprofessional"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee in Tulsa, OK
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at Finance of America Reverse for more than 6 years

      Pros

      Good way to get a foot in the door of the mortgage industry, pay wasn't too bad

      Cons

      back stabbing, cliquey people. Lots of friend promotions & nepotism. If you weren't amongst the favorites, you weren't getting anywhere. Long term great employees were constantly let go in favor of 'friend' promotions. Constantly expected to pick up other peoples work but never got compensated. Raises were non existent for the most part. Bonuses never increased.

      Advice to Management

      Fire all upper management, start over.

      Finance of America Reverse2018-02-26
    • Helpful (2)

      "Loan officer"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 
      Doesn't Recommend
      Negative Outlook

      I have been working at Finance of America Reverse full-time

      Pros

      Licenses. Nothing more, but you can get this at better companies, so it's not worth the headache.

      Cons

      Nothing more than a sweat shop set up to line managements pockets and the uninspired who brown nose. Saw first hand managers tell one officer a loan is dead just to hand it to a brown noser to close.

      Advice to Management

      A place of business is not a place to use as an ego boost for areas your lacking in the outside world. An office should not be run as a clubhouse.

      Finance of America Reverse2017-08-30
    • Helpful (1)

      "Retail Sales Reverse Mortgage Specialist"

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

      I have been working at Finance of America Reverse full-time for more than 4 years

      Pros

      positive attitudes of employees company invests in and is committed to employees' success beautiful location opportunity to make a lot of money

      Cons

      high turnover due to difficulty of job

      Advice to Management

      keep hiring smart, go-getters

      Finance of America Reverse2017-06-17
    • "Impressed...so far"

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

      I have been working at Finance of America Reverse full-time for more than a year

      Pros

      The company invests a ton of time and resources in their new employees. It is impressive to see the investment up front from the company with no possibility to make the company any for the first six to twelve weeks.

      Cons

      There is a STRONG learning curve if you have never been in the mortgage industry. They give you the time and resources to do your job, but, YOU have to put in the time as well.

      Advice to Management

      keep doing what you are doing

      Finance of America Reverse2017-06-16
    • Helpful (2)

      "Stabbed in the back..."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Support in Tulsa, OK
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at Finance of America Reverse full-time for more than 6 years

      Pros

      Flexible with scheduling, ability to move to different departments, decent working environment, office is clean and well maintained.

      Cons

      Really Have to be connected to move anywhere, nepotism and friend promotions are common.

      Advice to Management

      Don't screw over employees who would be loyal to you.

      Finance of America Reverse2017-04-18
    • "Good Environment & Culture"

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

      I have been working at Finance of America Reverse full-time for more than 2 years

      Pros

      Great Career Opportunity Good Benefits Good Culture

      Cons

      Do not have any at this time

      Advice to Management

      Continue to stay visible and engaging with the employees! It goes a long way

      Finance of America Reverse2017-04-04
    • Helpful (1)

      "Underpaid and Overworked"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee in Tulsa, OK
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at Finance of America Reverse for more than 4 years

      Pros

      Great team to work with.

      Cons

      Low pay and no room for advancement.

      Finance of America Reverse2017-03-31
    • Helpful (1)

      "Loan Officer"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee 
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I worked at Finance of America Reverse full-time

      Pros

      They are always stable even in a down market and they have improved training.

      Cons

      Lack of accountability and professionalism. They have a recruiter that will hire ANYONE, and the management plays favorites. They will promote people that are supposedly in danger of being fired over someone much more deserving. They make false promises to everyone just to keep them quiet and are very fickle at best.

      Finance of America Reverse2017-03-21
    Found 29 reviews