IndyMac Bancorp Reviews | Glassdoor

IndyMac Bancorp Reviews

Updated February 17, 2017
51 reviews

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Full-time Part-time

3.0
Star Star Star Star Star
Rating Trends Rating Trends
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Approve of CEO
IndyMac Bancorp CEO John F. Bovenzi
John F. Bovenzi
9 Ratings

51 Employee Reviews

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  1. "Good Pay, PTO, and Benefits"

    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
    No opinion of CEO

    I worked at IndyMac Bancorp full-time

    Pros

    The company paid well. Generous PTO, 3 weeks after 3 years. Good Health, dental and vision insurance. People were nice, had a great job.

    Cons

    Company of OneWest sold the Servicing platform. Lost my job. Wish I hadn't.

    Advice to Management

    N/A


  2. "Mailroom Associate"

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

    I worked at IndyMac Bancorp full-time

    Pros

    Good Company to work for

    Cons

    Get lost in the crowd


  3. "Business Development Manager"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at IndyMac Bancorp full-time

    Pros

    Full finance options for all residential purchases

    Cons

    Bad management caused Major layoffs


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  5. "Loan Processor"

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

    Pros

    Liked my team and work environment.

    Cons

    Management requires communication and personnel training.


  6. "Western Regional Mgr"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst : : BankOfAmerica in Los Angeles, CA
    Former Employee - Analyst : : BankOfAmerica in Los Angeles, CA
    Recommends
    Positive Outlook

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

    Pros

    Excellent place to work room for advancement and promoted within company,

    Cons

    Company went out of business.


  7. "Area Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Area Manager in Wildomar, CA
    Current Employee - Area Manager in Wildomar, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at IndyMac Bancorp (More than 8 years)

    Pros

    Great company ahead of it's time in UW and format

    Cons

    Unfortunately the US government didn't understand the type of hybrid lending savings bank Indymac was.


  8. "Crazy place too work in 2007"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Pasadena, CA
    Current Employee - Anonymous Employee in Pasadena, CA
    Doesn't Recommend
    Neutral Outlook

    I have been working at IndyMac Bancorp full-time (More than a year)

    Pros

    The people were great, developed long lasting relationships

    Cons

    the company was financially unstable.

    Advice to Management

    n/a


  9. "Challenging Environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Manager in Pasadena, CA
    Current Employee - IT Manager in Pasadena, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good pay, great location in Pasadena.

    Cons

    Banking industry was failing, and IMB was one of the casualties. Very aggressive environment with high politics.

    Advice to Management

    None


  10. "Out of business now"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Las Vegas, NV
    Former Employee - Account Executive in Las Vegas, NV
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at IndyMac Bancorp full-time

    Pros

    Could work from home in my position. Had a large set of products and services they offered at the time

    Cons

    Got caught up in the mortgage meltdown.


  11. "The Fish Rots From The Head"

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

    I worked at IndyMac Bancorp full-time (More than 5 years)

    Pros

    Not much at all. There were some decent managers. However, the kill or be killed culture usually only left managers that supported and contributed to a terrible culture and environment

    Cons

    Over worked, too many hats, underpaid, under appreciated, most promotions were given to incompetent friends of management, horrible leadership, terrible culture, high turnover.

    Advice to Management

    clear the ranks of dictators and hire managers that are true leaders and motivators, people who have some hands on experience



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