Homeside Financial Employee Reviews about "commission"
80% would recommend to a friend
(13 total reviews)
95% approve of CEO
The latest conversations about Finance
18 hours ago
I'm on a project with a manager, it's our first time working together, I call and ask a few clarifying questions and the models are 95% there with the project is moving along on schedule. After he's done explaining a part of the modeling to me (took about 10 mins for him to walk me through the steps) he starts scolding me for asking a question that someone at my level should know, and blaming me for coming to him with the question instead of asking another associate. Is this normal in finance?
a day ago
I'm currently an RB at chase (previous 1 year at BOA as a RB as well and long sales background.), completed 1 year this month. My goal is to make 200k within next 2-3 years, what is the quickest way to achieve this? Im open to moving to any another LOB
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Top Review Highlights by Sentiment
Excerpts from user reviews, not authored by Glassdoor
- "The culture here is great." (in 40 reviews)
- "The people were great to work with and always willing to help each other." (in 27 reviews)
- "Management is great with teaching and pushing account managers to be their very best" (in 18 reviews)
- "Everyone is very helpful and friendly." (in 16 reviews)
- "Great work environment." (in 15 reviews)
- "All you do as an account manager is cold call people and try to get them to refi." (in 14 reviews)
- "The 401k match could also be a little better, but this will improve as the company grows in the future" (in 11 reviews)
- "The benefits could be improved" (in 11 reviews)
- "This is a commission only position." (in 3 reviews)
- "Since then I know that the company has put better training programs in place." (in 3 reviews)
Ratings by Demographics
This rating reflects the overall rating of Homeside Financial and is not affected by filters.
Found 13 of over 342 reviews
Updated Nov 2, 2023
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Reviews about "commission"Return to all Reviews
- 4.0Aug 30, 2018Anonymous EmployeeFormer Employee
Good work environment, will train new processors
work load for the pay is not worth it. Commission is on a tier system so depending on time of year commission may be scarce1
- 5.0Dec 31, 2014Anonymous EmployeeCurrent Employee, less than 1 yearColumbus, OH
Work hard, play hard atmosphere. The hierarchy of moving up in the company is structured in a beneficial way, with formal and informal training. Compensation is also great with a base salary plus commission.
Definitely need more brand awareness. Also with company growth another microwave would be nice in the kitchen area.3
- 3.0Apr 8, 2019Senior Loan OfficerFormer Employee, more than 1 year
You get leads provided to you. They are garbage. They used to be good until they changed the lead source, now it is absolute garbage. Also, Homeside tells its employees to post 5 star reviews on glassdoor... So if a company tells its employees to post 5 star reviews, chances are the company is not 5 stars
Commission Only job. Garbage leads combined with commission only equals awful pay. There is a draw, but you pay back the draw. Therefore this is a commission only job with garbage leads.Homeside Financial Response5y
As mortgage rates change and new products become available we adjust our lead buying strategy to stay competitive. If a lead source isn't working as intended, it's recognized and changes are made. We ask employees to leave honest reviews on Glassdoor, so prospective employees can get a sense for what it's like working at Homeside. We appreciate all feedback and make continuous improvements to make Homeside a best place to work.
- 5.0Feb 7, 2017Anonymous EmployeeCurrent Employee
Homeside has a culture that I brag about to my friends and family. It is unlike any other - hardworking, young, and exciting. Homeside also has a PATH program that is a great way for employees to create career goals and achieve them at Homeside. It is a place to be proud to work at! The mortgage industry is competitive and face paced, but my coworkers and this company as a whole make coming in to work worth it every single day.
The starting pay for account managers is very low and loan officer's pay is solely commission based which makes the job even more stressful.1Homeside Financial Response7y
Thank you for your review! We appreciate the detailed response!
- 5.0Jan 7, 2015Senior Loan OfficerCurrent Employee, less than 1 yearColumbus, OH
Great group of people. One of the better commission structures of any company in the region. Opportunities are plenty here!
could use better 401k match3
- 4.0Jan 2, 2015Anonymous EmployeeCurrent Employee, less than 1 year
Management staff is very flexible and reasonable, works hard to make sure their staff is successful. Quality of web leads provided is great, as they are pre-screened by account managers. The people are awesome, and everyone is very easy to get along with. The first couple months, loan officers are given a small base salary, which helps while building a pipeline. We work 40 hours a week, and there's absolutely opportunity to make 6 figures here.
Technology support could be better. They just hired an additional IT person here, so that should be improving! This is a commission only position. That doesn't bother me, but I know some people won't take commission only positions, so be advised.3
- 5.0Aug 31, 2018Loan OfficerCurrent Employee, less than 1 yearColumbia, MD
The work work/life balance is fantastic, you are not micromanaged so you can efficiently take care of your responsibilities during a normal workweek. Competitive pay! There are no gimmicks of a 50hr workweek and tiered commission structure. Lead source is great and pretty much unlimited. There will always opportunities to drive more business. This doesn’t mean you have to be sitting in your chair for 12hrs a day waiting for someone to call you from a 1-800 number. Ability to originate every mortgage product under the sun. You have the flexibility to explore what product is best for the client you are working with, you don’t have to jam them in a cookie cutter program that management brands. Transparency from management on what goals and expectations are from LO’s, branches, and company as a whole.
Current mortgage industry. Margins are shrinking and rates are going up. It'll be the survival of the fittest, on the other hand Homeside does everything they can so their Loan Officers can thrive2