A Mis-Managed Opportunity
Originator (Former Employee) – California – May 18, 2017
Typical day at work includes taking loan applications, working with processing teams, underwriters, clients, and agents.
It is tough here, as the rates are NOT competitive, which is one of the reasons why I left HomeStreet Bank. Any of the larger banks, i.e. Wells Fargo, BofA, CHASE, Union Bank will ALWAYS beat the rates at HomeStreet Bank. You really have no chance of closing a loan if you are up against any of these other larger banks.
There are way too many layers of management, and way too many pieces of management, who do nothing, and who do not take care of the employees on the front lines. This leads to a workplace culture that I found to be very negative, especially within the branch itself. The Sr Management culture is protective of the branch upper-management, which I felt, disregarded lower management and employees at the branch level.
Under the current leadership there is ZERO room for advancement, and there are no fast-track programs available for those talented employees who wish to move up within the company.
HomeStreet Bank would not be my recommended place for any loan originator to work.
Good team of people within processing and underwriting
Non-rate competitive; unable to advance within company, divisive environments