Wells Fargo CONSUMER LOAN UNDERWRITER Reviews | Glassdoor

Wells Fargo CONSUMER LOAN UNDERWRITER Reviews

Updated February 3, 2017
113 reviews

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CONSUMER LOAN UNDERWRITER

3.5
Star Star Star Star Star
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Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
3 Ratings

Employee Reviews

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

    Star Star Star Star Star
    • 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.


  2. "Underwriter II"

    Star Star Star Star Star
    • 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


  3. "Great pay, micro management"

    Star Star Star Star Star
    • 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.


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  5. "Underwriting"

    Star Star Star Star Star
    • 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.


  6. "Consumer Loan Underwriter - Raleigh, NC"

    Star Star Star Star Star
    • 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


  7. Helpful (6)

    "Great Place To Work"

    Star Star Star Star Star
    • 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.


  8. Helpful (1)

    "Raise the Pay"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consumer Loan Underwriter I in Fort Mill, SC
    Current Employee - Consumer Loan Underwriter I in Fort Mill, SC
    Recommends

    I have been working at Wells Fargo full-time

    Pros

    The company is very flexible and I absolutely love the people I work with.

    Cons

    The pay needs to increase with the amount of work we do. Also there is a lot of pressure upper manager place on us.


  9. Helpful (1)

    "Consumer Loan Underwriter"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consumer Loan Underwriter II in Parker, CO
    Former Employee - Consumer Loan Underwriter II in Parker, CO
    Neutral Outlook
    No opinion of CEO

    I worked at Wells Fargo (More than a year)

    Pros

    Benefits, retirement accounts were good

    Cons

    Structure of company supported cliques

    Advice to Management

    Listen


  10. "Underpaid"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consumer Loan Underwriter II in Philadelphia, PA
    Current Employee - Consumer Loan Underwriter II in Philadelphia, PA

    I have been working at Wells Fargo full-time (More than 3 years)

    Pros

    Upward mobility, training opportunities, overtime compensation.

    Cons

    Base salary is not high enough for the work and skill set required. Especially for the more experienced credit analysts. We are expected to train new hires, complete extra managerial tasks on top of just building the portfolio and working live deals. For all the work you do, to be paid so little while an outside hire can negotiate for higher salary than someone working there for much longer is counterproductive if you want to retain those employees who know the program inside out and are essential to keeping the volume coming in while training the new people (who the company will pay more)


  11. "Consumer loan underwriter"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CONSUMER LOAN UNDERWRITER in Fort Mill, SC
    Current Employee - CONSUMER LOAN UNDERWRITER in Fort Mill, SC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wells Fargo full-time (Less than a year)

    Pros

    Great work environment. All tools for success are available. Everyone wants you to succeed. Awesome schedule Monday-Friday very flexible.

    Cons

    The only con I can say so far is that I'm not getting paid a lot to start and it takes a while before I become eligible to receive bonuses.

    Advice to Management

    Management is already extremely helpful and flexible. Keep up the great work. Thanks for making me feel valued and welcome.