Wells Fargo Home Mortgage Consultant Reviews | Glassdoor

Wells Fargo Home Mortgage Consultant Reviews

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Found 171 reviews

2.9
StarStarStarStarStar
Rating TrendsRating Trends
42%
Recommend to a Friend
57%
Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
20 Ratings
Pros
Cons
More Pros and Cons
  1. Been here for 14 of the last 15 years in the business

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Home Mortgage Consultant in Redlands, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wells Fargo full-time for more than 20 years

    Pros

    Well structured and great technology

    Cons

    Just the fact that we used to take forever to close loans and have to deal with that republican even though it’s no longer the case

  2. Opportunity to succeed financially

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Home Mortgage Consultant 
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Wells Fargo full-time for more than 6 years

    Pros

    Able to make a very comfortable living.

    Cons

    High pressure sales resulting in much stress outside of the office.

  3. Not a good job for recent college grad, bad structure and training

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Home Mortgage Consultant in Newnan, GA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Wells Fargo full-time for more than a year

    Pros

    I liked the people I worked with.....that is the only Pro

    Cons

    You make $12/hour guaranteed for your first 3 months then you are fully commission so you get that same $12/hour as a draw against whatever you make, so essentially you better make at least 2 grand a month in commission or you will be in the infamous "hole" and you will never get out. This is not a good job or career for a young college grad with no sales experience or mortgage experience. Also, real estate agents and...

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    Advice to Management

    You need to change your commission structure if you expect to get any young employees.

  4. Nice Company

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Home Mortgage Consultant in Aurora, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wells Fargo full-time for more than 2 years

    Pros

    Allows employees to work autonomously

    Cons

    Not many cons here. Nice company

  5. Don't work here

    StarStarStarStarStar
      Former Employee - Home Mortgage Consultant in San Francisco, CA

      I worked at Wells Fargo full-time for more than 2 years

      Pros

      I can't think of any, had to give 1 star to fill in the blank

      Cons

      Toxic environment, management disconnect and favoritism.

    • Helpful (1)

      Promises unkept

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Home Mortgage Consultant in Peoria, IL
      Doesn't Recommend
      Neutral Outlook
      Disapproves of CEO

      I worked at Wells Fargo full-time for more than 4 years

      Pros

      Flexibility as it is commission only

      Cons

      Inability to keep referral partners, lack of leads, favoritism

    • Helpful (1)

      Home Mortgage Consultant

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Home Mortgage Consultant 
      Doesn't Recommend
      Negative Outlook

      I have been working at Wells Fargo full-time for more than 2 years

      Pros

      Good 401k plan and job flexibility to work from home

      Cons

      Many. Favoritism is the biggest con for Home Mortgage Consultants (HMC's). WF has many leads and access to these leads is only provided to certain HMC's who are on a "fast response team". These HMC's are not required to obtain any outside referrals, or complete the required 10 weekly sales activities, and are given accolades for their production. Also, some HMC's have several banks that they cover that produce many...

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      Advice to Management

      Restructure the branch assignments based on activity, and open up lead pool for everyone. Make all HMC's obtain referral relationships, not just new HMC's that have been with the company for less than 2 years. This is why you always are short HMC's and have such high turnover. Check the job sites, WF is always hiring HMC's because they can't keep them.

    • Helpful (4)

      Do you really care about keeping good people?

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Home Mortgage Consultant in Rancho Cordova, CA

      I have been working at Wells Fargo full-time for more than 4 years

      Pros

      Benefits, Holidays off, PTO and that's it

      Cons

      Executive team only cares about themselves. Will cut anyone anytime to save a buck to increase the stock price and their pay. Everyone feels like it could be their time every day. They also aren't big fans of hiring from within the company across departments, and if it is your department they probably have someone picked so you're out and won't even get an interview. That's if they even list the job when it opens. They'll...

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      Advice to Management

      Instead of saying that you care about your employees and the Wells Fargo family show it. If the stock has to go down a little bit to let your valued staff keep their jobs then let it. Stop trying to prop it up by cutting staff to make the balance sheet look better. You're losing good people because there is no stability and no faith and you've brought in executives with the sole mission of cutting everything and it will...

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    • Home Mortgage Consultant

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Home Mortgage Consultant in Des Moines, IA
      Recommends
      Neutral Outlook
      Disapproves of CEO

      I have been working at Wells Fargo full-time for more than 2 years

      Pros

      lots of oppurtunity to make a lot of money

      Cons

      none that i can think of

    • Home mortgage consultant perspective

      StarStarStarStarStar
        Current Employee - Home Mortgage Consultant 

        I have been working at Wells Fargo full-time for more than 2 years

        Pros

        Have access to our fulfillment partners. Our processors and underwriters are in the same building, and in my case just a cubicle row over. We are paid on units with a tier system per month. Not bpps. Obviously the more loans your close, the more you make. With added bonuses for loyal surveys, and audits, you can add another 40% to your base amounts from your loans as well as getting an hourly pay .

        Cons

        The compliance issues of what you say, and how you say it are crazy. It seems that sometimes if you breathe wrong, you may be out of compliance and be in the office for counseling. Very strict underwriting guidelines. It seems underwriters are looking for reasons to decline loans instead of finding workarounds to help borrowers get into homes.

      Found 171 reviews