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Norcom Mortgage

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Norcom Mortgage Reviews

3.2

57% would recommend to a friend

(47 total reviews)
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Phil DeFronzo

58% approve of CEO

46% positive business outlook

Norcom Mortgage has an employee rating of 3.2 out of 5 stars, based on 47 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Norcom Mortgage employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

47 reviews
1.0
5 Mar 2022
Recommend
CEO approval
Business outlook

Pros

They sent me a towel and rechargeable battery my first week.

Cons

I’m a new LO and Norcom is my first mortgage company. I don’t have a lot of experience in the mortgage world but a great deal for f experience in the sales world. This company sucks for new LO’s. Everything is on the LO. Business cards, document gathering, any sort of marketing, absolutely everything. They do not provide leads or any backroom support. I was tossed to the wolves without a clue as to what I was supposed to do. I was offered the same job with a different company that provided new LO’s leads and marketing assistance for a small percentage. There is little to no sales training or basics on how to get started. My branch manager was actively competing against me for deals. Norcom also dropped the ball with my licensing sponsorship which cost me several deals. Maybe a seasoned LO would do well here if they had a prexisting book of business but a new LO cannot survive here. The whole company vibe is very Amway or other MLO like.

1.0
10 Nov 2024

Complete incompetence

Recommend
CEO approval
Business outlook

Pros

Friendly when recruiting and downhill from there

Cons

Complete incompetence from sales to underwriting to executive management. Worst secondary market operation in the industry.

5.0
4 Feb 2017
Recommend
CEO approval
Business outlook

Pros

Having a support system no matter what the obstacle. Quick turn times, common sense underwriting and an exceptional underwriting staff and management departments always willing to take the time to answer questions to help grow my business. Whether it be a underwriting exception, pricing exception or a closing rush, Norcom truly cares about their staff and takes all measures to help their branches succeed.

Cons

Truly there are no cons. The family culture and atmosphere dominates in this industry. Just like your own family would want want to see you shine so does this workplace.

Viewing 1 - 3 of 47 Reviews

Glassdoor has 49 Norcom Mortgage reviews submitted anonymously by Norcom Mortgage employees. Read employee reviews and ratings on Glassdoor to decide if Norcom Mortgage is right for you.