Stonegate Mortgage Reviews
Updated Apr 6, 2023
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Top Review Highlights by Sentiment
- "I also like that once the board got rid of the previous owner, they got rid of bad managers." (in 5 reviews)
- "Unethical practices, poor unfair treatment of employees, poor culture, bad management, and high turnover." (in 11 reviews)
Ratings by Demographics
This rating reflects the overall rating of Stonegate Mortgage and is not affected by filters.
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- Former Employee, more than 3 years★★★★★
Pros
Excellent Management and team atmosphere
Cons
Company was sold and new management
- Current Employee, more than 1 year★★★★★
Pros
good salary good benefits and vacation
Cons
hard to advance in career
Continue reading - Former Employee★★★★★
Pros
Learned a lot at this company
Cons
Change in management and higher ups
- Current Employee, more than 3 years★★★★★
Great place to work
Mar 30, 2022 - Client Relations Analyst in Tampa, FLRecommendCEO ApprovalBusiness OutlookPros
Great Management and work/life balance
Cons
Need better benefits, the health insurance is crazy expensive.
- Former Employee, more than 3 years★★★★★
Pros
I can't think of any.
Cons
13 total pto days off a year, including sick time, major overtime hours required, no work life balance, workload demands more than humanly possible. GREEDY They want to be part of a wellness plan, pay for gym memberships & promote health, but work their underwriters to death. There's no time to be healthy in this position. They say one thing & do another.
Continue reading - Former Employee, more than 1 year★★★★★
Pros
co-workers/location and office building. company functions
Cons
management, management, management, management....politics, nepitism
- Current Employee, less than 1 year★★★★★
Typical mortgage environment
Apr 2, 2015 - Anonymous Employee in New York, NYRecommendCEO ApprovalBusiness OutlookPros
My team leader is fantastic, i can be 100% honest with her and not feel like I'll be fired for it. Lots of OPTIONAL OT which allowed me to pay for a lot of upgrades to my home. Laptops are issued in my department so if your kids are sick or a repair man needs to stop by or you just need a break from the office you can work from home. You get 14 paid days off a year to start. Citi you get 12 and bofa you get 15 so its comparable. Insurance is high but whose insurance isn't now? They let us go home early on holiday weekends with pay. Relaxed attire because we dont see clients face to face. My base salary is the highest is ever been but i cane to the company with 13 years experience. Keep in mind most people who are happy with their employer dont jump on here to say so. People who have bad experiences are usually the ones who make time to come on here because they want to try and ruin the reputation of a company. Overall it's similar to just about any mortgage company you'll find out there. there are good and bad its just some people can deal with the bad and some can't.
Cons
Insurance is pricey but again arent they all now? Reporting needs to be implemented to allow for easier work management. Communication about the company needs to be more transparent. Growth needs to slow down to allow new departments to perfect their proceses and generate more income for the company.
Continue reading - Current Employee★★★★★
Have been with Stonegate nearly 4 years
May 18, 2015 - in Indianapolis, INRecommendCEO ApprovalBusiness OutlookPros
I still love my job. It just isn't what it was before they grew too fast and went public
Cons
We have lost some very talented employees in the recent months. It sounds as though there are plenty getting ready to leave again. They started out being very civic minded and caring about their employees. It seems that has gone by the wayside. We never know when our departments will be dismantled and relocated. Unfortunately, some of the jobs have been moved out of the country.
Continue reading - Former Employee, more than 3 years★★★★★
The positives and the negatives
Mar 24, 2016 - Operations in Clearwater, FLRecommendCEO ApprovalBusiness OutlookPros
Pros are that as long as my manager was in the same office as me, it was okay. Office location to where I lived was perfect, even though we were across the street from the 49th Street Hotel (aka the Pinellas County Jail and Courthouse). Received a pay raise every year, although the last one I received was horribly small. Overtime would come and go and it helped that management provided dinner for those who stayed late
Cons
Cons. If your manager is in Indianapolis and you are working in Clearwater, there is a massive disconnect. The medical benefits are disappointingly bad. I could never afford to have health insurance. 401k was not a true match. It started out with a full match and then it went to a confusing, sliding scale (IE, if you contributed 6% of your pay, the company would match at 4%). PTO was not great. 13 days off a year is pretty rough.
Continue reading - Current Employee, less than 1 year★★★★★
Sr Mortgage Advisor - Sales
Feb 23, 2016 - Senior Mortgage Advisor in Scottsdale, AZRecommendCEO ApprovalBusiness OutlookPros
All inbound and The leads are sick, Lendingtree LF and Bills Long Form. Plus they have a huge portfolio of loans they service and we get those calls too. The comp is one of the best in the industry for an inbound with high caliber leads. The ppl on the phone actually want to talk to you. I left a place that had $2 trigger leads and would get hung up on all the time. No micro management. The rates are good and processing is closing loans typically under 30 days. I worked for a few large lenders, Paramount Equity, loanDepot,, and Chase and this place is the best for making money and overall piece of mind to know that you are not always looking over your shoulder worrying about losing your job over nonsense.
Cons
I would say the only con is the loan officer does not see the CD before it goes out. Also the lockdesk is backed up and takes 24 hours to get a pricing exception approved, but at least we can get pricing exceptions to earn business when needed.
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Stonegate Mortgage Reviews FAQs
Stonegate Mortgage has an overall rating of 2.5 out of 5, based on over 165 reviews left anonymously by employees. 29% of employees would recommend working at Stonegate Mortgage to a friend and 23% have a positive outlook for the business. This rating has been stable over the past 12 months.
29% of Stonegate Mortgage employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Stonegate Mortgage 2.4 out of 5 for work life balance, 2.3 for culture and values and 2.2 for career opportunities.
According to reviews on Glassdoor, employees commonly mention the pros of working at Stonegate Mortgage to be coworkers and the cons to be career development, senior leadership, benefits.
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