Summit Funding Reviews | Glassdoor

Summit Funding Reviews

Updated August 4, 2018
108 reviews

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4.1
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Summit Funding CEO Todd Scrima
Todd Scrima
84 Ratings

108 Employee Reviews

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

  • "The training and the motivational messages show that Summit Funding wants to make sure each employee achieves their own personal best" (in 7 reviews)

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

  • "Seasoned loan officers don't need to be babysat, we are motivated by commissions income" (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. Helpful (1)

    "Director"

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

    I have been working at Summit Funding full-time

    Pros

    Unfortunately, I cannot think of any at this time.

    Cons

    Employees do not feel secure.

    Summit Funding Response

    Aug 6, 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


  4. "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


  5. "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


  6. "Great company and sales culture"

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

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

    Pros

    Sales Training, Access to Leadership, Great Marketing Team, Competitive Commission

    Cons

    Stress of mortgage industry, pressure to perform

    Summit Funding Response

    Jun 18, 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


  7. "Loan Officers dream"

    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
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Casual atmosphere. Company paid end of the month lunch. Somewhat flexible schedule. Loan Officers rule the company- just ask for what you want and threaten to leave and you will get what you want.

    Cons

    Cult like leader who only wants to hear his own voice. Very demeaning and condescending. Unable to listen to anything other than 20 second soundbites. Vastly different treatment of back office support employees versus production employees. Perfect place for a loan officer. Only a short term stop for everyone else. Watch your back and document- be wary of HR.

    Advice to Management

    Treat everyone with respect. Speak less and listen more. Actions speak louder than speeches and condescending life advice.

    Summit Funding Response

    Jun 25, 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. "Great company to work for"

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

    I worked at Summit Funding (More than 3 years)

    Pros

    Small company feel but a medium sized company. Upper management is accessible, underwriting will pick up the phone and help. In and out of underwriting in 3 days.

    Cons

    Training at corporate is great - branches could use more support. Hours - you have to work a lot of hours to succeed. Relied to heavily on the coaching company "Core" for procedures - "Core" is great for beginning loan officers building their teams and business, but it does not offer enough for running a whole branch.

    Advice to Management

    Give branches better training programs for all positions to do at the branch level.

    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


  9. "Loan Partner"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Partner in San Diego, CA
    Former Employee - Loan Partner in San Diego, CA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Amazing working on a team with people who care about their clients

    Cons

    Employees only fill 1/3 of the office, which is weird. And If you don’t live in N county, the commute is terrible.

    Advice to Management

    Keep supporting your team development and find a smaller, more centrally located office.

    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


  10. "Pretty solid company to work for"

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

    I have been working at Summit Funding full-time

    Pros

    Good management team and CEO.

    Cons

    Sales sometimes dictates how operations is run

    Summit Funding Response

    Jun 11, 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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