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PENFED Credit Union

Engaged Employer

Make it make sense - Mortgage Underwriter PENFED Credit Union Employee Review

3.0
May 27, 2023
Recommend
CEO approval
Business Outlook

Pros

Remote work for the most part / have not experienced micro management

Cons

When hired was promised although some departments work 37.5 hours a week that wasn’t the case for mortgage . For the last few months only underwriting has been restricted to work 37.5 hours a week and still expected to hit the same Metrics . Most of the responsibility of the loan falls on us even though 85% of the processors have little to no concept of processing/guidelines or how mortgage in general works. Files are constantly sent incomplete with key pieces of data missing . Unless you ask for something down to the exact wording their management finds a way to blame underwriting. Their work is mostly sloppy and it feels like we are babysitting them most of the time. They’re also allowed to work OT because they’re not able to complete their basic job functions within 40 hours. Updates aren’t communicated - guideline changes/procedures changes outside a general email sent maybe once or twice a month. Pay raises and promotions have been promised and the back peddled more than once for me personally Most of my colleagues log off daily mentally exhausted and riddled with anxiety. Layoffs have happened more than once in 6 months though we were promised it wouldn’t happen after the first time . This really feels like a backfire when they kept hiring last year even though we were adequately staffed .

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PENFED Credit Union Response
3y
Thank you so much for providing detailed, thoughtful, and very helpful feedback. We appreciate you!

Explore other reviews about PENFED Credit Union

5.0
Mar 25, 2026
Recommend
CEO approval
Business Outlook

Pros

Awesome place and people - complex and large finance operation and balance sheet yet still small enough to make an impact and build up solutions from the ground floor - creative place!

Cons

Sometimes can be stretched for more resources

4.0
Jul 21, 2026
Recommend
CEO approval
Business Outlook

Pros

Hybrid work environment. Good compensation and bonus twice a year

Cons

Constant changes in management. Training structure not very good

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