Overhyped, high stress, terrible place to work - Senior Loan Coordinator UMortgage Employee Review

1.0
2 Aug 2024
Recommend
CEO approval
Business outlook

Pros

Overtime is always a must

Cons

Doesnt matter what you do, you will always be in the wrong. The threat of being fired is common language to management. Quite litterally happens in every team meeting. Will literally go weeks without speaking to management, then wake up to a email with a giant list of everything you have done wrong in the past month plus. Management doesnt take well to their own critisism even though they asked for it. Will most likely get you written up. Overtime is expected and if you try and get out of it you are guilt tripped into doing it anyways. Weekend work is required but you are only allowed to be clocked in while working on a file. Even though you are expected to respond to emails within 30 mins over the weekend. So instead of 2 whole days of overtime you are given 3-4 hours total as they dont feel working in your email and responding is considered work time on the weekend. Processors have 40-50 files plus and are drowning at all times in work. Notice that there have been a mass exodus of Both Loan officers and operational employees alike. This job will affect your mental health and home life as you wont have one. Umortgage has a high turnover rate with operational employees for a reason. ETC........... In conclusion. Dont work here,

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
31 May 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

None that I can think of.

Cons

I don't know where to begin. Senior management is a disaster. The only qualification required to become a VP here is being related to or friends with the CEO. Actual industry experience and competence are completely disregarded. Fear tactics, humiliation, and bullying are the preferred methods of leadership — and they are tolerated because the people doing it cannot be fired. Work-life balance does not exist here. You will be expected to stay late and work outside your hours without question, and operations staff are expected to drop everything at a moment's notice without so much as a thank you. The favoritism is a glaring, systemic problem. Employees who cost the company significant amounts of money were promoted. Meanwhile, countless others were fired or "laid off" without warning and without a real reason. Their entire operations staff is a revolving door — the turnover rate alone should tell you everything. Operations staff are thrown into the deep end with virtually no training and then blamed when things go wrong, while leadership's actual failures go completely unexamined. Unless, of course, you're one of the favorites. Then the rules simply do not apply to you. Please thoroughly research the professional and personal backgrounds of anyone you would be reporting to here, including the CEO and his relatives. Public records are free. Use them.

1
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