Provident Funding Reviews | Glassdoor

Provident Funding Reviews

35 reviews

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3.0
StarStarStarStarStar
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Recommend to a friend
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Craig Pica
7 Ratings

35 Employee Reviews

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Pros
  • Entry level salaries are respectable (in 15 reviews)

  • The best reason to work at Provident Funding is the job security (in 6 reviews)

Cons
  • Managers will micro manage you, there really isn't any room for advancement, middle managers lack people skills, you will be treated like a robot (in 5 reviews)

  • As others indicated, no matching 401K or sick days (in 7 reviews)

More Pros and Cons

  1. "Good place to start"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Provident Funding full-time

    Pros

    Good training program. Easy promotions

    Cons

    No matching 401k, you work like a robot, no appreciation

    Advice to Management

    Care more about employees


  2. "Servicing Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great pay when starting out of college
    Really enjoyed my co workers
    Steady schedule
    Good opportunities to move within the company

    Cons

    Some of the managers were hard to work with

  3. "Mortgage Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Consultant in San Diego, CA
    Former Employee - Mortgage Consultant in San Diego, CA
    Doesn't Recommend
    Negative Outlook

    I worked at Provident Funding full-time (More than 3 years)

    Pros

    Opportunity to make commission, nice co workers

    Cons

    Not much room for advancement
    Benefits not good

    Advice to Management

    better transparency


  4. "Servicing Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Cypress, CA
    Current Employee - Customer Service Representative in Cypress, CA

    I have been working at Provident Funding full-time

    Pros

    Good paying entry level job. Young workplace. Fast paced never boring.

    Cons

    No matching 401k. Could offer more time off or sick days. Little to no recognition for doing a good job.

    Advice to Management

    Offer matching 401k or other retirement benefits. Extensive summer Fridays to year round. Offer sick days.


  5. Helpful (2)

    "terrible company to work at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in San Bruno, CA
    Current Employee - Analyst in San Bruno, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Provident Funding full-time (More than 3 years)

    Pros

    you dont have to do a whole lot to get by. just do the bare minimum and you'll receive your yearly bonus

    Cons

    terrible managers, the COO lori pica is a terrible person and should really consider retirement


  6. Helpful (1)

    "Internal Auditor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internal Auditor in Los Angeles, CA
    Former Employee - Internal Auditor in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Provident Funding (More than a year)

    Pros

    Great management within this specialized unit. Lots of responsibility.

    Cons

    Minimal training. It would have been helpful if the entire team was located in the same office.


  7. Helpful (2)

    "Job for college grads"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Underwriter
    Former Employee - Mortgage Underwriter
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    This is a great company to work for right when you get out of college. It offers opportunities to cross train in different roles. Also I've seen some of my co-workers advance into different roles. The compensation is good.

    Cons

    The company is cut throat. They push production numbers, and your efficiency numbers are published in an email for everyone in the company to see. They also do the same thing with errors found in the auditing process. The way to advance is to get the best production and auditing numbers so you are in competition with your co-workers.

    The work is extremely detail oriented, tedious, and the hours can be long.

    Advice to Management

    Take time to understand what it is like for the production workers. Summer Fridays was a great start, but it would be good to add a better 401k, and PTO plan.

  8. Helpful (3)

    "Good company, limited growth."

    StarStarStarStarStar
    Current Employee - Anonymous Employee in San Bruno, CA
    Current Employee - Anonymous Employee in San Bruno, CA
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at Provident Funding (More than 3 years)

    Pros

    -Pays well
    -Good annual raises (as long as you aren't in a commission position)

    Cons

    -Incompetent middle management
    -Limited growth potential (hope a manager quits or you have no shot at management)
    -No 401k match
    -Limited benefits
    -No sick days, all PTO


  9. "My experience"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Clearly defined roles. Good pay. Management is good. Solid growth potential as a company.

    Cons

    No flexibility with work schedule. Advancement opportunities rare.


  10. "credit analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst
    Former Employee - Credit Analyst

    I worked at Provident Funding full-time

    Pros

    The interview is fairly easy. The company offers high pay, which is good for new grad. They have decent PTO and provide good training.

    Cons

    Managers are rude. Co-workers are quiet and focus on their own work. The company raises the salary very year, but promotion is very unlikely. They don't match 401K.


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