There are newer employer reviews for Wells Fargo

 

Good strong bank

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Mortgage Loan Consultant in Burlingame, CA (US)
Former Employee - Mortgage Loan Consultant in Burlingame, CA (US)

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

Pros

Excellent reputation, ahead of the curve in business accumen

Cons

Tedious proceses and disclosures, constant changes daily in underwriting guidelines and processes

Recommends
Neutral Outlook

6790 Other Employee Reviews for Wells Fargo (View Most Recent)

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  1.  

    Great place to start career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller in Seattle, WA (US)
    Current Employee - Teller in Seattle, WA (US)

    I have been working at Wells Fargo part-time (more than an year)

    Pros

    good growth within the job

    Cons

    emphasis on cross selling and getting that balance right

    Recommends
    Approves of CEO
  2.  

    Good place to work for an independent self starter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Home Mortgage Consultant in Columbus, OH (US)
    Current Employee - Home Mortgage Consultant in Columbus, OH (US)

    I have been working at Wells Fargo full-time (more than an year)

    Pros

    Love the ability to work from the office or remote locations, including home. I spent at least 1/2 my time working out of a full office in my home. I also like the ability to set my own hours. Lead opportunities are some of the best in the business.

    Cons

    Terrible processing and underwriting turn times. Very little support from operations and management when help is needed. I missed an annual quota by 400K (about 4 loans) and was fired. No documentation, no write up, no warnings...and the assurance from my manager that I was fine and not to worry about it. I had 15 loans in processing for 1.5mill that didn't close on time due to slow turn times and that was not factored in at all. All loans were good ones and will close.

    Advice to ManagementAdvice

    You lost a good loan officer and I know of several more that will be leaving soon because you don't close the business that the mortgage folks generate. You say you will get better but then you term someone who still had a pipe, was trained, experienced, and self supportive. How much does that cost you in terms of turnover? I was in a meeting where I herd a manager say that they aren't worried about HMC's that leave, they will just hire more. Have a back up plan if you join.

    Recommends
    Neutral Outlook
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