A company that's not heading in the right direction - Technology Team UMortgage Employee Review

2.0
19 Nov 2024
Recommend
CEO approval
Business outlook

Pros

-In the mortgage industry, tech projects are challenging and really require cutting-edge solutions -As with most companies, the team members are the heart and soul of this place (especially the corporate team members) -A few good leaders here and there These are the only reasons that kept me at a two-star rating instead of a one.

Cons

Financial Woes -The company seems to be hemorrhaging money fast -Many departments are running on skeleton crews Technology -The company fronts as a tech wonder in the industry, it isn't. Sure they have a few innovative ideas, but they always fall apart or don't reach fruition in the long run -Project management feels chaotic, with new ideas thrown around every couple of months without a clear plan Job Security -Multiple layoffs each year seem to be the norm -Even if you’re crucial to your team, your job will still be on the cutting board -Recent layoffs appear mostly linked to cash flow, but there’s a history of letting people go for "cultural fit," which has left a lot of folks scratching their heads and not having strong beliefs towards company culture Sales Team Pressure -The sales environment is all about performance: either you deliver, or you’re out. Sure, you can say that about any sales department, but this one seems a bit more aggressive. Just a warning! -If you’re a Loan Originator without a big client base or an impressive track record, you might only have 2-3 months to show performance before they part ways -There’s not much in the way of career development, despite the sales huddles they hold Some Stories To Note A few months ago, they let go of someone from HR on a whim, then realized they needed them back, only to let them go again a month later. Seriously, who does that? Just before these layoffs, they gave out long-overdue raises and promotions, only to turn around and lay those same people off weeks later. Again, what were they thinking?

Explore other reviews about UMortgage

5.0
31 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Being surrounded by great Loan Officers really helps you grow. There is always something to learn and operations/loan officers are always willing to help.

Cons

Slightly unstructured but thats expected with a fast growing company

1
1.0
11 June 2026
Recommend
CEO approval
Business outlook

Pros

zero pros. be thankful you do not work there. all the negative reviews on the company are true!!! RUN!!

Cons

everything you read on reddit is true about the company and the CEO. the CEO and senior management use the "sink or swim" mentality because they themselves don't know to properly manage people. there is also zero HR and the only time HR seems to exist is when they want to fire someone for no reason because they'd rather have high turnover than attempt to run like a true business. the CEO also uses their brother to do all their dirty work. avoid that man like the plague because he will pretend to be nice to you then have you fired in a blink of an eye. this company also uses your salary against you. they expect you to work outside of normal working hours and if you try to have a life outside of work, they remind you that you're paid X amount so they're allowed to treat you however they want. UMortgage is the definition of a toxic work environment.

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