Once great, now loosing its way - Mortgage Banker WaFd Bank Employee Review

2.0
19 Jan 2025
Recommend
CEO approval
Business outlook

Pros

Strong company culture (in the past) Great colleagues and teamwork Opportunities for growth early on

Cons

at WaFd Bank for several years and truly loved my time there for the majority of it. The company had a strong culture, great people, and felt like a place where you could really make a difference. Unfortunately, in the last few years, things took a turn. Unrealistic goals, non-competitive products, and an overly micromanaging manager made it difficult to feel successful or appreciated. Today, I read that WaFd is no longer offering home lending, and while it’s disappointing, it’s not surprising. The writing was on the wall during my final years with the company. It’s sad to see a company I cared for so much continue down this path. I hope they can turn things around, but as of now, they seem to be moving further from what made them great in the first place.

Explore other reviews about WaFd Bank

5.0
18 Mar 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
28 May 2026
Recommend
CEO approval
Business outlook

Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

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