Wells Fargo CONSUMER LOAN UNDERWRITER Reviews | Glassdoor

Wells Fargo CONSUMER LOAN UNDERWRITER Reviews

Updated September 13, 2017
117 reviews

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CONSUMER LOAN UNDERWRITER

3.6
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Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
5 Ratings

Employee Reviews

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  1. "Consumer Underwriter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CONSUMER LOAN UNDERWRITER in Santa Ana, CA
    Former Employee - CONSUMER LOAN UNDERWRITER in Santa Ana, CA
    Recommends
    Neutral Outlook

    I worked at Wells Fargo full-time (More than a year)

    Pros

    Helping the general public find Mortgages and refinancing properties. Learning and gaining knowledge and experience in a field that could assist citizens in obtaining and acquiring a primary investment.

    Cons

    Working for a fast paced organization. That cared about the bottom line than it's employees.

    Advice to Management

    Give incentives to learning and devote assets towards growing a company that profit shares.


  2. "Fair place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CONSUMER LOAN UNDERWRITER in San Antonio, TX
    Former Employee - CONSUMER LOAN UNDERWRITER in San Antonio, TX
    Doesn't Recommend

    I worked at Wells Fargo full-time (More than 5 years)

    Pros

    Great place to meet people and they promote volunteering.

    Cons

    Pay is not great, overtime is based on departments

    Advice to Management

    Work on morale

  3. Helpful (1)

    "Great people on the team."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consumer Loan Underwriter III in Portland, OR
    Current Employee - Consumer Loan Underwriter III in Portland, OR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wells Fargo full-time (More than 8 years)

    Pros

    Great people. Transparent company.

    Cons

    Minimal 1 to 2% raise even when performing above average.

    Advice to Management

    Keep being transparent and forthright like you have been for the last 6 mths. Nice to know where we stand and what is being driven as a company.


  4. "Consumer Loan Underwriter 5"

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

    I have been working at Wells Fargo full-time (More than 8 years)

    Pros

    Flexible, Good Benefits, Opportunity for advancement.

    Cons

    Limited job scope, Repetitive tasks.


  5. "Positive building and growing experience. Great opportunities for advancement."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consumer Loan Underwriter III in Raleigh, NC
    Former Employee - Consumer Loan Underwriter III in Raleigh, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wells Fargo full-time (More than 10 years)

    Pros

    Good income. Low stress. Cafeteria on site is pretty decent. Competent management. Positive, inclusive culture. Challenging work demands. Good guidance.

    Cons

    Not too many cons to speak of except high expectations for quality and production. If you are not driven, don't apply.

    Advice to Management

    Ease up on the required lunch away from our desk. At least let us log off our computers but please let us eat at our desk. And let us have a choice between an hour and half our as long as we are consistent with our schedule. We are all adults. We won't work when off the clock. This policy is cumbersome. Please re-evaluate this policy.


  6. "Underwriter II"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consumer Loan Underwriter II in Minneapolis, MN
    Current Employee - Consumer Loan Underwriter II in Minneapolis, MN
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Wells Fargo full-time (More than 8 years)

    Pros

    The pay and benefits were awesome.

    Cons

    Excessive OT with no work life balance

    Advice to Management

    work as hard as your employees


  7. "Great pay, micro management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consumer Loan Underwriter III in Chandler, AZ
    Former Employee - Consumer Loan Underwriter III in Chandler, AZ

    I worked at Wells Fargo (More than 3 years)

    Pros

    I was compensated well and the hours are decent.

    Cons

    Monotonous work and extremely micro managed.

  8. "Underwriting"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CONSUMER LOAN UNDERWRITER in Whittier, CA
    Current Employee - CONSUMER LOAN UNDERWRITER in Whittier, CA

    I have been working at Wells Fargo (More than 10 years)

    Pros

    Retirement Plan is of value

    Cons

    Low pay scale, limited room for growth, positive atmosphere is lacking, limited encouragement, limited coaching, limited inter-office interaction

    Advice to Management

    Employees are grossly underpaid and outside candidates have a better chance at a higher salary than an employee who has longevity with the company.


  9. "Consumer Loan Underwriter - Raleigh, NC"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CONSUMER LOAN UNDERWRITER in Raleigh, NC
    Former Employee - CONSUMER LOAN UNDERWRITER in Raleigh, NC
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Wells Fargo (More than a year)

    Pros

    Work Life Balance
    Benefits
    Onsite Cafe
    Close to Highway
    The End

    Cons

    Pay
    Upward Mobility
    Bad Upper Management
    Promote through attrition rather than performance


  10. Helpful (6)

    "Great Place To Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consumer Loan Underwriter III in Lombard, IL
    Current Employee - Consumer Loan Underwriter III in Lombard, IL
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Large company with seemingly endless opportunities for advancement and career growth. Even if you work in a smaller office or a city in which Wells does not have a large presence you could possibly relocate with the company or to move into a higher role across the huge nationwide footprint. Publicly traded company creates a competitive atmosphere in which Wells Fargo wants to pay for and retain top talent. A comprehensive benefit package with affordable costs to employees at all levels. Even in the wake of recent media coverage I personally have no doubts on the integrity or vision of the board, the CEO and executive leadership.

    Cons

    The office I am in is very understaffed. We have mandatory overtime which has been going on for years and working the long hours, early morning, late nights + traffic commuting is draining and eats up free time. I know they are trying to hire more but not a lot of qualified applicants for the specific work we do here. Not a con, but in spite of this I feel the pay here in our region is VERY competitive.
    Technology can be a problem. Wells has its own IT group developing most of the proprietary internal applications we use (which is mostly a good thing) however there can be pesky work-arounds for issues and new version rollouts are always a pain. It just requires more work for us front end employees when we are already overloaded.

    Advice to Management

    More work from home opportunities would really help at least in the office I am working in. The benefits are really good however there is always room for improvement. I would like to see Wells Fargo consider offering some more contemporary benefits such as tread desks, professional team building events/outings for each individual unit (not just executives), more flexible scheduling or a 30 hour work week option, home purchase down payment assistance, student loan debt reimbursement, stocked fridge/snack bar, free healthy lunches, in-office massages, or other competitive benefits in today's workplace.