Processors unable to process loans during time when rates at all time historic lows - Loan Officer Ally Financial Employee Review

1.0
Nov 19, 2010
Recommend
CEO approval
Business Outlook

Pros

None, well okay you get the Fortune 500 brand appeal.

Cons

A 100% commission position where they knew they had a long history of being unable to process loans in a timely fashion, yet this was never disclosed when interviewed.

Explore other reviews about Ally Financial

5.0
Jun 8, 2026
Recommend
CEO approval
Business Outlook

Pros

Competeive pay, Great benefits, and bonuses.

Cons

It can be a stressfull and competitive atmosphere.

2.0
Jun 30, 2026
Recommend
CEO approval
Business Outlook

Pros

Hybrid schedule is reasonable, with only three days a week required in office. Benefits are decent and we have a fairly new office building is a nice.

Cons

Don’t be fooled by Glassdoor’s rating. It likely reflects the old Ally, not the company it is today. Ally used to be a great place to work, with strong culture, meaningful work, and real innovation. They used to pride themselves on culture, and now it’s the worst I’ve seen it. There have been significant leadership changes, with many of the leaders who made Ally great shown the door. Round after round of layoffs has everyone whispering about who’s next, and the people who remain here are stuck cycling through failed re-orgs meant to “fix” the department. It’s gotten bad enough that I know people actively hoping to get cut just to walk away with severance. If it doesn’t get better soon, I might be hoping to be let go myself. I can’t recommend it the way I once would have.

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