Summit Funding Reviews | Glassdoor

Summit Funding Reviews

Updated October 1, 2018
118 reviews

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4.1
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Approve of CEO
Summit Funding CEO Todd Scrima
Todd Scrima
91 Ratings

118 Employee Reviews

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Pros
  • "Summit offers so much opportunity, training, and promotes a health work/life balance" (in 7 reviews)

  • "I think Summit Funding is a great place for a Loan Officer to work" (in 8 reviews)

Cons
  • "Summit Funding doesn't have every product out there at all times" (in 5 reviews)

  • "Stress of the mortgage industry is always a factor, but not really a negative against Summit Funding" (in 4 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (2)

    "Loan Partner"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Par in Reno, NV
    Current Employee - Loan Par in Reno, NV
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Summit Funding full-time (More than 8 years)

    Pros

    I have worked at Summit Funding since 2002. I was told during my interview that I would have room to learn, grow and advance. A lot of companies say this during the interview process, but don't really mean it. This is what Summit Funding is about; education, growth and advancement. I have been able to explore both the operations side of the mortgage industry and the sales side and have fallen in love with the sales side. I truly enjoy coming to work everyday, not only because of the positive and fun learning environment, but also because of my co-workers. Summit Funding is a great place to work, I'll be her until I retire, if they'll have me.

    Cons

    Stress of the mortgage industry is always a factor, but not really a negative against Summit Funding.

    Advice to Management

    Keep doing what you are doing and keep recognizing employees individually in the branches.

    Summit Funding Response

    Apr 12, 2018 – HR Department

    Thank you for your candid review. We always appreciate receiving feedback on what is being done well and where we have room for improvement. We would also invite you to discuss any particular... More


  2. "sales manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Manager in Scottsdale, AZ
    Current Employee - Sales Manager in Scottsdale, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Summit Funding full-time (Less than a year)

    Pros

    coaching, creativity, culture, competitive nature

    Cons

    none, wouldn't change a single thing

    Advice to Management

    keep doing what your doing

    Summit Funding Response

    Jun 25, 2018 – HR Department

    Thank you for your candid review. We always appreciate receiving feedback on what is being done well and where we have room for improvement. We would also invite you to discuss any particular... More

  3. "Loan Partner"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Summit Funding full-time

    Pros

    Great opportunities. Friendly staff. Benefits.

    Cons

    Awful rates. Decent management. Poor training.

    Summit Funding Response

    Oct 8, 2018 – HR Department

    Thank you for your candid review. Feedback like this does help us continue to improve and grow as a company. Regarding your concerns, please know your anonymous feedback is shared with the Executive... More


  4. Helpful (2)

    "Corporate Employee"

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

    I have been working at Summit Funding full-time (More than a year)

    Pros

    Most of the people here are great. I really like my coworkers. Mostly it's a great culture, just low morale lately due to lay offs and now being asked to take unpaid time off again.

    Cons

    The owner gets the whole company on monthly calls where he bad mouths former employees, talks big and then doesn't back it up, tries to tell us there were lay offs without actually using the word lay off, and gives pep talks that range from condescending to out of whack with reality

    Advice to Management

    People are treated really different between different departments and different locations. Can feel really unfair. Also, instead of pretending the very public discrimination lawsuit didn't take place, talk to us about it and answer real questions like what is being done to fix the discrimination. It effects all of us obviously, since people got laid off and we are being asked to take unpaid time off probably to pay for it.

    Summit Funding Response

    Sep 24, 2018 – HR Department

    Thank you for your candid review. Feedback like this does help us continue to improve and grow as a company. Regarding your concerns, please know your anonymous feedback is shared with the Executive... More


  5. "Great company culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Loan Processor in Lodi, CA
    Current Employee - Mortgage Loan Processor in Lodi, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Summit Funding full-time (More than a year)

    Pros

    Good hourly pay, great team to work with!

    Cons

    Low per-loan funding bonus. No option to work remotely in my position.

    Summit Funding Response

    Sep 6, 2018 – HR Department

    Thank you for your candid review. We always appreciate receiving feedback on what is being done well and where we have room for improvement. We would also invite you to discuss any particular... More


  6. Helpful (2)

    "These positive reviews are FAKE"

    StarStarStarStarStar
    Former Employee - Manager
    Former Employee - Manager
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Summit Funding full-time

    Pros

    The only Pro I can think of is I don't work here anymore. I am out of this abusive environment where Rick Ruby yells at everyone all of the time.

    Cons

    Many- The positive reviews on this site are done by Marketing and they are done any tme anyone posts a negative review to keep up their ranking. Don't fall for it. You can read then and know they are fake. You have a lot of bad reviews and the guy in marketing is balancing them with fake entries.
    My advice, everything this company says is a lie.
    Don't fall for it. Save yourself some time, money and don't make a bad decision and work for Summit Funding. Go somewhere else. Anywhere!! is better than here.

    Advice to Management

    Get over yourselves. Do the right thing, show people you care...try living your mantra for a change!

    Summit Funding Response

    Sep 24, 2018 – HR Department

    Thank you for taking the time to post your review. It's is very unfortunate that your experience working with our company was not favorable. Please know your feedback is shared with the Executive... More


  7. Helpful (4)

    "Director"

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

    I worked at Summit Funding full-time (More than a year)

    Pros

    There are none! Run away as fast as you can! Everything about this company is fake. Management is unethical and focused on making money for ONLY Todd. He careless about people even though he puts on a show about being a family man. In reality, he is just scum of the earth.

    Cons

    BEWARE! Don’t believe these surveys! The company is surveying employees and ONLY posting them if they are positive.

    Advice to Management

    If you are so great why do you have almost a dozen lawsuits by former employees. Google #MeToo hits mortgage industry. Why don’t you try to follow the US labor laws instead of thinking you are above them?

    Summit Funding Response

    Sep 24, 2018 – HR Department

    Thank you for taking the time to post your review. It's is very unfortunate that your experience working with our company was not favorable. Please know your feedback is shared with the Executive... More

  8. "It is all a facade"

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

    I worked at Summit Funding full-time (More than a year)

    Pros

    Decent benefits and good marketing materials

    Cons

    Extremely poor management & leadership
    Convoluted onboarding process
    Compensation plan instability
    Constant preaching of company culture, but only pertains to top producers
    Poor, non-competititive pricing

    Advice to Management

    Expected to time block schedule for pipeline and sales meetings weekly, only for management to no show without any communication for weeks at a time. Complete disregard and disrespect for employee’s schedules.

    Summit Funding Response

    Sep 4, 2018 – HR Department

    Thank you for taking the time to post your review. It's is very unfortunate that your experience working with our company was not favorable. Please know your feedback is shared with the Executive... More


  9. "Great company, not so great branches"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Approves of CEO

    I worked at Summit Funding full-time (More than a year)

    Pros

    Great Training
    Great CEO
    Good work-life balance

    Cons

    Loan officers are your direct/only supervisor and they control your pay so they have free range to treat you however they want to and will just let you go if you don’t feel comfortable with their tasks.
    HR does little to help loan partners.

    Advice to Management

    Keep your good people happy. Stop laying off hardworkers to save a couple of dimes just to hire new replacements in the next couple of months that end up not working out.

    Summit Funding Response

    Jul 16, 2018 – HR Department

    Thank you for your candid review. Feedback like this does help us continue to improve and grow as a company. Regarding your concerns, please know your anonymous feedback is shared with the Executive... More


  10. "Lots of Work"

    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

    I worked at Summit Funding full-time

    Pros

    Great company culture, play hard work hard

    Cons

    pay is low benefits are high sells driver company

    Advice to Management

    IT management was great

    Summit Funding Response

    Jul 9, 2018 – HR Department

    Thank you for your candid review. We always appreciate receiving feedback on what is being done well and where we have room for improvement. We would also invite you to discuss any particular... More


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