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private:provident
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https://www.glassdoor.com?employer_id=155967
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Feb 22nd, 2024 12:00AM
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Open
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Open
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Provident Funding
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Various Roles
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San Francisco, CA
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Good for a first job but…
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-great initial salary
-interesting opportunities
-good people
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If you look at the reviews you’ll see a lot the same reoccurring themes and criticisms. Pay particular attention to what is consistently said by different people.
-several rounds of significant layoffs since 2021.
-there was not a formal HR department. This is essentially managed by the COO/Owner.
-nepotism in management and hiring: Perhaps business as usual. It is privately held family owned business. This may contribute to difficulty in climbing the corporate ladder or in the past if you were not at a main branch location it would be hard to advance as well.
-some of the roles have robust and thorough training. Others not so much.
-their software and OS systems are genuinely excellent. However, they are “home built” so when something is fixed or updated it has a tendency to “break” other things their system.
-the software processes and systems are specific to just provident. Most other banks or financial institutions use industry standardized systems, processes or software. If you go on to another job, you’ll have to learn a new OS and new processes. This is critical to consider due to how unique providents processes and systems are when trying to translate that into other roles.
-lack of raises or if there is a raise it doesn’t compete with inflation then or especially now.
-continual increase of employee portion of cost of benefits, especially insurance. These are bare bones benefits. If you’re single and reasonably healthy they’re just ok. But if you have any health issues or a family to cover it is relatively expensive.
-micromanagement: depending on your manager or team this was valid.
-employee suggestions for improvement to software, updates, UI, forms, processes, or day to day work goes through a pain stakingly arduous project request process that has to get executive management involvement, review and approval. They are not quick to fix or implement anything unless it is on fire. Additionally, the subsequent P&P writing and updates are cantankerous.
-lack of staffing —> overworked staff.
-a byproduct of the overworked staff, was conflict with having more work than could be done in a day but overtime pay was a contentious issue as it wasn’t liked by management.
-lack of job security. You are a commodity and are replaceable. That’s an important and ultimately a bitter pill to swallow- especially when they speak alot about loyalty. There were a lot of great people that accomplished and did so much for the company but were let go or forced into retirement with no notice, varying severance packages, and without a thought. Ultimately, you’re replaceable with someone they could hire for less salary or even as a cost saving or profit enhancing measure.
-saw prior posts about ownership affiliation with Jehovah’s Witness and negative perceptions of that from other reviewers. From my limited observations, I had a sense that they are sincere in their beliefs. They didn’t try to proselytize anyone nor do they discriminate based on beliefs.
-lack of paid holidays. Paid Holidays had steadily improved over the years. However, as a financial institution it felt like they were open more frequently when similar institutions were closed.
-Office celebrations, parties or team building type events aren’t common place. You have to build relationships on your own. With a majority of sites being remote now, that could be very hard to build rapport.
-limited PTO. there isn’t a lot of time off unless you’ve been there a long time. Additionally, due to staffing, generally no one covers for you so you come back to a mess. Also if you’re in a role with no back ups and they need something expect calls and e-mails on vacation.
-year end bonuses were rare, unreliable, and normally not significant amounts. Keeping in mind when these were given they were heavily taxed at a bonus rate and the net was not a lot.
-no sick time
-no 401k matching
-most positions outside of being a loan officer, if there was a performance bonus or some type of commission or incentive structure it wasnt really competitive or noteworthy and was also heavily taxed at a bonus rate.
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-1.0
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NEGATIVE
|
-1.0
|
NEGATIVE
|
-1.0
|
DISAPPROVE
|
0.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
155967
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Open
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Follow the PF Way you espouse
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0.0
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[]
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REGULAR
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No
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No
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20.0
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Open
|
|
|
Feb 28th, 2024 04:12AM
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Feb 28th, 2024 04:12AM
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Provident Funding
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|
|
|
private:provident
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https://www.glassdoor.com?employer_id=155967
|
Jan 6th, 2024 12:00AM
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Open
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Open
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Provident Funding
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Underwriter
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San Francisco, CA
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good entry
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provided good training to introduce you to the work
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no clear future development path
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0.0
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3.0
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0.0
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0.0
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0.0
|
0.0
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0.0
|
0.0
|
155967
|
Open
|
|
0.0
|
[]
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REGULAR
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No
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No
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0.0
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Open
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Jan 9th, 2024 06:30AM
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Jan 9th, 2024 06:30AM
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Provident Funding
|
|
|
|
private:provident
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https://www.glassdoor.com?employer_id=155967
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Nov 26th, 2023 12:00AM
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Open
|
Open
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Provident Funding
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Mortgage Specialist
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Provident Funding hires only Jehovah's Witnesses
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Most employees work from home. Only a handful of offices remain.
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The workplace is not kept clean. Management is distant and too often unresponsive. Only Jehovah's Witnesses ae hired.
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-1.0
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NEGATIVE
|
1.0
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POSITIVE
|
-1.0
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DISAPPROVE
|
0.0
|
2.0
|
2.0
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1.0
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1.0
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3.0
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2.0
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1.0
|
155967
|
Open
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Quit with the discriminatory hiring. Keep the offices cleaner.
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0.0
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[]
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REGULAR
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No
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Yes
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9.0
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Open
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Nov 29th, 2023 05:13AM
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Nov 29th, 2023 05:13AM
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Provident Funding
|
|
|
|
private:provident
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https://www.glassdoor.com?employer_id=155967
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Oct 27th, 2023 12:00AM
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Open
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Open
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Provident Funding
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Underwriter
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Pittsburgh, PA
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Good place to work
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Teamwork, people, small office environments
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Benefits and high for families
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0.0
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3.0
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2.0
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3.0
|
3.0
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3.0
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3.0
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3.0
|
155967
|
Open
|
|
0.0
|
[]
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REGULAR
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No
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No
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|
9.0
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Open
|
|
|
Oct 31st, 2023 05:39PM
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Oct 31st, 2023 05:39PM
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Provident Funding
|
|
|
|
private:provident
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https://www.glassdoor.com?employer_id=155967
|
Apr 27th, 2023 12:00AM
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Open
|
Open
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Provident Funding
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Pipeline Analyst
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|
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PF
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Job security. They transfer people to different depts to avoid layoffs
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No control over career path since you get moved to different depts. No information given about different roles and their earning potential so if you get moved into a Dept that isn’t valued raises are hard to come by. Managers are salesmen and tell you what you want to hear instead of the truth. They lie about reasons for not getting a raise when your performance grade indicates your should get a raise (ie blaming raise “raise freeze” on expected business decline in the next 6 months yett Everything is efficiency and stats driven so employees feel pressured to work off the clock to get stats comparable to others.
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-1.0
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NEGATIVE
|
|
|
|
|
0.0
|
3.0
|
3.0
|
2.0
|
3.0
|
3.0
|
2.0
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3.0
|
155967
|
Open
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Stop lying to employees and be honest. Have an internal job board providing more information about available roles and the expected pay range.
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0.0
|
[]
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REGULAR
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No
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Yes
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|
9.0
|
Open
|
|
|
Apr 27th, 2023 05:58PM
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Apr 27th, 2023 05:58PM
|
Provident Funding
|
|
|
|
private:provident
|
https://www.glassdoor.com?employer_id=155967
|
Mar 14th, 2023 12:00AM
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Open
|
Open
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Provident Funding
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Financial Analyst
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|
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Love this company!
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Caring culture and good business model
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Remote work is good but lonely sometimes
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|
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|
0.0
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5.0
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0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
155967
|
Open
|
Share the vision more when we get nervous about other businesses
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0.0
|
[]
|
REGULAR
|
No
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Yes
|
|
0.0
|
Open
|
|
|
Mar 15th, 2023 08:28AM
|
Mar 15th, 2023 08:28AM
|
Provident Funding
|
|
|
|
private:provident
|
https://www.glassdoor.com?employer_id=155967
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Nov 22nd, 2022 12:00AM
|
Open
|
Open
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Provident Funding
|
Mortgage Closer
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Sweatshop
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-Less prone to layoffs than other mortgage companies
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-Barebones benefits -Extremely repetitive sweat shop style work -Nearly impossible to rise the ranks due to extreme nepotism in the company
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-1.0
|
NEGATIVE
|
-1.0
|
NEGATIVE
|
-1.0
|
DISAPPROVE
|
0.0
|
2.0
|
1.0
|
1.0
|
1.0
|
3.0
|
1.0
|
1.0
|
155967
|
Open
|
You wouldn't care anyway
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0.0
|
[]
|
REGULAR
|
No
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Yes
|
|
6.0
|
Open
|
|
|
Nov 23rd, 2022 10:19AM
|
Nov 23rd, 2022 10:19AM
|
Provident Funding
|
|
|
|
private:provident
|
https://www.glassdoor.com?employer_id=155967
|
Nov 10th, 2022 12:00AM
|
Open
|
Open
|
Provident Funding
|
Shipping and Receiving
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|
|
Best Job I have ever been at
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Fun, fast paced, good relationships.
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At times there was not enough help to go around due to lack of staff.
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1.0
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POSITIVE
|
0.0
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NEUTRAL
|
1.0
|
APPROVE
|
0.0
|
5.0
|
5.0
|
5.0
|
4.0
|
3.0
|
5.0
|
5.0
|
155967
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
0.0
|
Open
|
|
|
Nov 11th, 2022 03:53PM
|
Nov 11th, 2022 03:53PM
|
Provident Funding
|
|
|
|
private:provident
|
https://www.glassdoor.com?employer_id=155967
|
Nov 8th, 2022 12:00AM
|
Open
|
Open
|
Provident Funding
|
MORTGAGE FUNDER
|
|
|
Horrible management/work environment
|
|
It pays well and some of the people (if they haven’t left)
|
The owners and managers could care less about your actual well being or your health/mental health. After being with the company for 13 years and working all sorts of hours/positions, including long and late evenings, weekends, holidays they will claim you still didn’t work enough. They expect you to not have a personal life and just be available to work at all times. The benefits are horrible, no retirement match, no sick days, no maternity. During the pandemic they made you work from home and use your own computer/work supplies. Management offers no help or support and will criticize and degrade you to make you feel like you’re an idiot. During my whole pregnancy they volunteered me to go into a filthy office ( during Covid) with 1 other person (out of 50-60 other people they could have chosen) and physically ship and move heavy boxes for 6 months then let me go a few weeks before I was to deliver a baby. Not only do they offer unpaid maternity leave, they also do not to want to keep paying for your insurance or keep you at that point because you’re going to have too much of a personal life.
|
-1.0
|
NEGATIVE
|
-1.0
|
NEGATIVE
|
-1.0
|
DISAPPROVE
|
0.0
|
1.0
|
1.0
|
1.0
|
1.0
|
2.0
|
1.0
|
1.0
|
155967
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
20.0
|
Open
|
|
|
Nov 10th, 2022 03:21PM
|
Nov 10th, 2022 03:21PM
|
Provident Funding
|
|
|
|
private:provident
|
https://www.glassdoor.com?employer_id=155967
|
Sep 8th, 2022 12:00AM
|
Open
|
Open
|
Provident Funding
|
Mortgage Loan Processor
|
Chicago, IL
|
|
Good place to work
|
|
Great people to work with
|
Mass layoff when interest rates spiked
|
-1.0
|
NEGATIVE
|
-1.0
|
NEGATIVE
|
|
|
0.0
|
4.0
|
4.0
|
4.0
|
5.0
|
4.0
|
4.0
|
5.0
|
155967
|
Open
|
Management is good
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
6.0
|
Open
|
|
|
Sep 11th, 2022 02:12PM
|
Sep 11th, 2022 02:12PM
|
Provident Funding
|
|
|