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Prospect Mortgage

Is this your company?

Not always a good prospect - Anonymous employee Prospect Mortgage Employee Review

3.0
2 Dec 2010
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good connections with REO market, its strength. Delivery of loan production and process was equal to bank performance, but below mortgage banker standards.

Cons

A lot of turmoil, spotty communication, high employee turnover. Management personel changes were often, and support from upper management was lacking.

Explore other reviews about Prospect Mortgage

5.0
27 Oct 2023
Recommend
CEO approval
Business outlook

Pros

good company and great management

Cons

give clear instructions to agents

2.0
3 May 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Flexible with schedules and lunch periods, great area next to freeway for commuters.

Cons

"Extremely" High stress place to work. Hired for one position and what follows next is a nightmare - Within a few months they had us doing other jobs in addition to what we were hired to do. (All at the same time!) we were told, now we would be trained for FHA insuring of agency loans. Corrections to deficiencies we found had to be done by us! Then we were told we would be trained in HMDA data entry and Hmda audit. and yes, we would be responsible for making sure loans were corrected by us! Then we were told we would be doing data entry with expectations that our speed was in line with their regular data entry employees; If not we would get nasty e-mails. It was of no use, responding to the e-mails that we were not data entry employees!! speed has to come with practice and time. Our heads were spinning everyday. We walk in to work and start where we left us previous day and then asked to stop and start insuring or stop and start auditing or stop and do HMDA entry etc etc.

2
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