You are Expendable - Mortgage Loan Processor WaFd Bank Employee Review

2.0
30 Jan 2025
Recommend
CEO approval
Business outlook

Pros

***Used*** to be a fun place to work in office and allowed remote work. Provides 401k and insurance

Cons

Training is run by people who have obviously not done the job in a long time or at all. You have to rely on your coworkers to help you figure out your job for the most part as they are busy trying to do their own job. The job is boring and generally not very rewarding. You will feel like a cog in the machine waiting for retirement You get a small merit increase each year, and usually a raise if you receive a promotion but they did try to stop that in recent years. I've known multiple people that turned down promotions where the only thing changing was their responsibilities. The bank is also a big fan of lateral changes where they give no incentive for learning a different position that they really need Company is willing to cut anyone, even people that have worked for them 25+ years. More concerned about their stock price than the people that have spent half their lives toiling away to make them profitable. Do not give this company any loyalty because you will not receive the same if it burdens the company at all

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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