Loan Officer (Current Employee) – Phoenix, AZ and Bakersfield, Ca – September 20, 2016
enjoy working there. Wanting to re-locate to AZ to be with family. Unfortunately there is no retail office there currently and no down payment assistance programs available at this time and I feel it necessary after having lost 3 files because of it.
Company is pro active in helping you when you need to get your files through
Productive Working Environment with Impeccable Management
Correspondent Intern (Former Employee) – San Ramon, CA – September 7, 2016
Monday through Friday CMG revolves around their core principals displays to our employees, clients, and investors that they are truly the best at servicing open and closed loans. The management team constantly exhibits the concept of a 'we' environment and makes you feel needed as a big piece to an ever bigger company.
Underwriter (Former Employee) – Scottsdale, AZ – March 11, 2014
A typical day in the Wholesale Underwriting Department included underwriter and manager crying and stressed out. Worked Monday-Friday, evenings, weekends and holidays approximately 70 hours a week. Constant change to guidelines. Processors not given authority to clear simple housekeeping conditions falling on the undwerwriters to process and clear. Common for management to send out email regarding guidelines and then recant them. Common to touch a file 5-7 times to clear PTD conditions making it very difficulty to make brokers happy. Ultimately, borrowers dissatisfied with refinance and or purchase. Also, made it very difficult to make bonus in underwriting due to far too many touches per file.
San Ramon, CA is the headquarters for this company and has several branches nationwide. This company grew very fast in the last two years. Within the last year key managers quit and moved on. Some were not replaced for months. Underwriting training is according to CMG ways rather than industry standards and left to employee to figure it out and get it done to stay within Service Level Agreements.
CMG has no outside subject matter experts training their underwriters. Common for loan approval to change due to guideline interpretation incorrectly conditioned or communicated by management.
Corporate Management out of touch with day to day operations. They have great ideals for what the company wants to be, however, miss the mark in application of ideals applied to day to day operations/training/ management of processors and underwriters. Experience Extraordinarymore... is their tag line and falls short for their employees.
CMG Financial is a hard place to work. Surprising when considering they received Best Places to Work in the Bay Area.less
Benefits are mediocre, training is substandard, corporate management out of touch
If you're not related to the owner or the owner doesn't know your family, forget it. THIS COMPANY IS CRAZY~!
Account Manager (Former Employee) – San Ramon, CA – May 18, 2014
just when you think you landed yourself a stable position, THINK twice!!! If you don't know the owner or if the owner doesn't know your family, they will fire you whether you work hard or not. Once you realize that you can never fit into their culture of Nepatism, you are a goner...not stable at all and all B.S.
Safety Compliance/ Redisclosure and GFE Lead (Current Employee) – Scottsdale, AZ – October 21, 2013
I worked with CMG for a while. The people that are your co workers are pretty awesome however as in any job watch your self because just a quickly as they are nice to you they stab you in the back. The Management is horrible. They talk down to you nd treat it like a game and if you try to stand up for yourself you will be ganged up on and terminated. This company was very fun in the beginning however in the past few month all the activities stopped and it became a cold and very low moral stance. Just be careful on who you trust there, not everyone is nice for the right reasons.
CMG is a great company, they just didn't hire great people
Sales Assistant (Former Employee) – Las Vegas, NV – September 13, 2014
Typical day would be:
Job entails but not limited to: ordering of appraisals, 4506-Ts, SSN, MERS, USPS, rapid rescores, title, HOI, VOEs, UDM, Make sure we have all the correct documents for submission to the underwriter. Responsible for the conditions to be met in a timely matter. Calling and emailing the borrower to make sure they are gathering the conditions. Following up with the Realtors, to keep them updated. Once docs are at title, following up with title, setting the signing date and time and following with title again to make sure they have all their funding conditions ready. Plus whatever the loan officer wants me to do.
I was hired as a Loan Officer assistant not a JR processor.
Underwriter (Former Employee) – Scottsdale, AZ – June 7, 2014
Never mind your family and having a life , as an underwriter you are responsible to know and complete everything on a loan. There is no leadership rather only puppets. The company is run my the sales department and utilizes intimidation. The most unfortunate of all is the burning out of people and to be told when you are sick of it that it is you, something is wrong with you. All I can say is I have been underwriting for over 10 years and I have never worked so many hours for so little. It is very much a good old boy mentality and I would not recommend working for this company
Senior Convention Underwriter (Former Employee) – San Ramon, CA – September 18, 2014
From an experienced mortgage industry insider, this is one of the worst places I've ever worked. Nepotism, favoritism, runs deep at this company. If you kiss up to the boss and know nothing about your work, then you fit right in.
If you are considering long term career in Mortgage then keep looking.
Financial funding assistant (Current Employee) – San Ramon, CA – October 21, 2013
My daily shift consist pulling reports and completing Verification and Re-Verifications of employment, Receiving home loan funding packages and logging information in to the Data Base system, I also pull all collateral and ship to warehouse banks were loans have funded. I also provide support to different banks and funders. I really enjoy working for this Company it a great place with great staff and supervisors.