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Princeton Mortgage

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Princeton Mortgage

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Princeton Mortgage Reviews

Updated Jun 27, 2022

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Found 52 of over 52 reviews

3.5
54%
Recommend to a Friend
81%
Approve of CEO
Princeton Mortgage CEO Richard Weidel III
Richard Weidel III
26 Ratings

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Top Review Highlights by Sentiment

Pros
  • "The company has a wonderful culture and great leadership.(in 9 reviews)
  • "Management is candid (and encourages all others to be candid) and is not afraid to show the whole picture which is refreshing(in 3 reviews)
  • "Never worked somewhere with as much transparency and follow through as this place.(in 3 reviews)
  • "A very solid Management Team is in place to help Employees succeed.(in 2 reviews)
Cons
    There are no cons to display at this time.
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
  1. 5.0
    Current Employee

    This is where you come to grow

    Feb 22, 2022 - Branch Manager 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Princeton is the best place for anyone in the mortgage business to work. The culture of be the CEO of your work and life is contagious! If you want to grow personally and professionally, this is the place for you.

    Cons

    I don't have any cons at this time. The thing with Princeton is they are radically transparent and always looking to improve. They take everyone's feedback, listen and grow from it. Any con you would have with Princeton gets fixed, or has a plan to be fixed.

    Continue reading
    Be the first to find this review helpful
  2. 1.0
    Former Employee

    Incompetent, Gaslighting Exec Team

    Jun 27, 2022 - Vice President 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Remote work. Reasonable healthcare benefits.

    Cons

    The company is lead by a consistently underachieving executive team. They have read one book on leadership and use a concept of accountability as a gaslighting tool to mask their incompetence. They use the pace of start up life as a crutch to constantly change direction because they aren't equipped to properly build and maintain a business plan. They justify emotional outbursts as a sign of caring, when in reality, it's simply unprofessional behavior.

    1 person found this review helpful
  3. 1.0
    Current Employee, more than 1 year

    Forced pay cuts for all except leadership

    May 9, 2022 - Underwriter in Ewing, NJ
    Recommend
    CEO Approval
    Business Outlook

    Pros

    It’s a job and they pay you. At least until they find someone cheaper

    Cons

    Constant layoffs and a recently forced 10% pay cut for remaining employees across entire company because lack of planning and poor leadership. Do not work here if you value your time and abilities. You will be pigeonholed.

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    1 person found this review helpful
  4. 2.0
    Current Employee, more than 1 year

    Fake candor

    Apr 10, 2022 - Underwriter 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    A great group of employees that work together as team to get the job done.

    Cons

    This company preaches about radical transparency but the reality is, it’s all a lie. They purge their employees every 3 months like clockwork then replace them almost immediately. They talk a good talk about loyalty and wanting to foster talent, then turn around and do the exact opposite. If you’re looking for longetivity, this is not the place for you.

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    2 people found this review helpful
  5. 2.0
    Current Employee, more than 1 year

    Run away, no loyalty to anyone. Will replace you with cheaper if they find it

    Apr 5, 2022 - Underwriter 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Some very people other than management

    Cons

    No loyalty but expect a everyone to be loyal to him. Micro managers, CEO has no clue. Very high turnover, nobody has tenor because he uses you then fires you. Also hope you love book quotes, that’s all he knows

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    2 people found this review helpful
  6. 2.0
    Current Employee, more than 1 year

    Not what they seem

    Mar 23, 2022 - MOrtgage Loan Originator 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    They attract amazing talent and have the potential to be a leading mortgage lender.

    Cons

    Upper management gets in their own way. On the surface they say all the right things and seem to be humble and transparent. But as time passes you come to realize it’s a facade. Their invitation for radical candor is not sincere, they just want to be right and prove it rather than truly consider another point of view as a valid, and possibly better, alternative to theirs. They talk a good game (hence attracting top talent) but the reality is, if you regularly question/challenge their ideas or raise concerns about serious issues that are hard to tackle, you will become a target for bullying and actively discredited among your peers until they drive you out. When you are gone, they will ALWAYS spin the story in their favor so it looks like you couldn’t hack it. Everyone that has worked here for more than 6 months can see it. It’s all about controlling perception at Princeton Mortgage. It’s truly a shame, because the majority of the people who work here are highly talented and could really do amazing things if they were properly managed and given enough credit and autonomy to do what they do best.

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    4 people found this review helpful
  7. 4.0
    Current Employee

    Great place to get dirty

    Feb 28, 2022 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Very fast company there is a lot of opportunity to get your hands dirty by getting involved in projects.

    Cons

    Projects come and go so fast it can be hard to keep up. Sometimes by the time a project has finished, its been determined it won't be used any longer.

    Be the first to find this review helpful
  8. 3.0
    Current Employee, more than 3 years

    No Micromanagers!

    Feb 14, 2022 - Project Manager 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Princeton is a great place to work if you can keep yourself on task - you will not be micromanaged. They want you to take responsibility for your own work and life, and as long as you're delivering results, you won't be bothered.

    Cons

    Very sales-focused. All ops employees are second class to sales.

    Continue reading
    2 people found this review helpful
  9. 2.0
    Former Employee, less than 1 year

    Nice people, still learning

    Dec 30, 2021 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Actual intent by management to improve people.

    Cons

    Chaotic environment with way way way too many meetings for management

    1 person found this review helpful
  10. 2.0
    Current Employee, more than 3 years

    n/a

    Jul 13, 2021 - Senior Underwriter in Jersey City, NJ
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Small Company so not alot of upper management

    Cons

    Too many video meetings and not enough time working..

    Continue reading
    1 person found this review helpful
Viewing 1 - 10 of 52 Reviews

Princeton Mortgage Reviews FAQs

Princeton Mortgage has an overall rating of 3.5 out of 5, based on over 52 reviews left anonymously by employees. 54% of employees would recommend working at Princeton Mortgage to a friend and 52% have a positive outlook for the business. This rating has decreased by -19% over the last 12 months.

According to anonymously submitted Glassdoor reviews, Princeton Mortgage employees rate their compensation and benefits as 3.5 out of 5. Find out more about salaries and benefits at Princeton Mortgage. This rating has decreased by -18% over the last 12 months.

54% of Princeton Mortgage employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Princeton Mortgage 3.9 out of 5 for work life balance, 3.8 for culture and values and 3.6 for career opportunities.

According to reviews on Glassdoor, employees commonly mention the pros of working at Princeton Mortgage to be career development, senior leadership, management and the cons to be benefits .

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