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PENFED Credit Union

Engaged Employer

Sinking ship - Mortgage Underwriter PENFED Credit Union Employee Review

1.0
Dec 2, 2024
Recommend
CEO approval
Business Outlook

Pros

It’s a job. Haven’t been laid off .

Cons

If you enjoy working somewhere that functions like a start up then this is your place. Roles that you interact with daily have no basic concept of how to do their job or they’re just lazy or my guess is there’s no accountability . There are resources that have answers to most questions but for as long as I have been here day in and day out you get tenured people asking the most basic questions of guidelines or procedures. If you want to move up don’t work here there’s no career progression. There’s no way to move up or move laterally to a different area . There are people given senior underwriter titles that were just GIVEN the titles . No one can tell you what a senior is or what they do. Everyone across the board gets the same type of loans, complexity , amount of work ect. The favoritism here is just grossly apparent . HR desperately needs to investigate how some of these managers operate . Don’t bother trying to shine if you’re not a favorite then forget getting picked for anything or promoted . The response to equalism is stating they use a randomizer to select who gets the opportunity to cross train. They have people underwriting Spanish files who don’t speak any Spanish but processors who are fluent who do not translate documents or their notes . There have been multiple layoffs most are not announced . There’s been about a handful the last couple years . Those who live near a center are being forced to go back to office while some are completely remote . Pick a lane . Teams cannot function with some in office some not and those of us who are , aren’t in the same teams or aligned with each other . The whole department is a mess .

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PENFED Credit Union Response
1y
We appreciate your transparency. Thank you for taking the time to leave a detailed comment.

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

2.0
Mar 16, 2026
Recommend
CEO approval
Business Outlook

Pros

Great staff and middle management. Good benefits and facilities.

Cons

Upper Management - same tune as all the other reviews. This place is full of great people who don't know they are great. It's also full of bad leaders who think they are great. Unfortunately, the best performers are often rewarded with carrying the burden of underperformers and non-contributing leaders. In certain teams there is very limited in upward mobility. They are slow to weed out low performers and ineffective managers. All in, strong performers and high achievers might find this place frustrating. This is a place for those who like to coast through.

3
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PENFED Credit Union Response
3mo
Thank you for sharing your feedback. We appreciate your recognition of our people and benefits, and we value input that helps inform us of our ongoing improvement efforts. We wish you the best in your future endeavors.
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