RFC MN and GMAC Horsham Subsidiary Merger.... tough to take... - Manager Ally Financial Employee Review

3.0
Oct 1, 2008
Recommend
CEO approval
Business Outlook

Pros

Creative products and efficient processes at the Horsham based operations, especially in morgage servicing.

Cons

The merger with Minnesota RFC Subprime unit's strategy and asset holdings took pulled down the Horsham Prime GMAC Mortgage unit unfairly..... Current financial crisis and bailout, tells which sub. really had the right thinking and which was pie in the sky easy money.... If the companies were not merged, I believe GMAC corp would of just shut GMAC RFC down in its entirety in one motion... and Horsham based employees would of been less effected by the crisis...

Explore other reviews about Ally Financial

5.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

Great culture, good compensation and benefits. Excellent management team, very supportive and interactive with the team.

Cons

Onboarding was a challenge due to IT’s lack of clear direction. The loan origination system crashes a lot.

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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