Mortgage Loan Processor - Anonymous employee Zillow Employee Review

3.0
Mar 7, 2020
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

There are a lot of pros here to be honest. There are awesome benefits, great interdepartmental relationships with coworkers, and some managers that make it worth working here. They feed us at least once a month and often celebrate accomplishments of team members. Free sodas, snacks, and a self serve kiosk for lunches when you forget yours. We have the ability to work remote as needed only. They are okay with you working overtime as long as it’s justified by your pipeline. They are working on ways to make things better for processing: providing an assistant to those who need it with higher pipelines, sometimes management will go to bat with issues for you, and sometimes you feel great about the work you do. Management does assist with pipeline management which does help when things are busy. They are working on providing recognition for good performance which is awesome. Opportunity to make decent money in the industry.

Cons

While there are some great things they are doing here there are way heavier cons: Underwriting is nearly impossible to work with at times. They ask for completely unnecessary documentation and tend to pass the file back quickly instead of trying to resolve it reasonably with you. They reject conditions and the conditions are quite unclear at times. This causes unnecessary delays on loans often for easy fixes. Management, some are very good but most have really skewed views on what’s actually occurring. Sales or Underwriting complain about an employee and it feels like they don’t even take the time to figure out what happened they jump to conclusions and you’re in the wrong. People make invalid complaints about one another often because they didn’t get their way. Core values are not held to a standard mostly by management across the board. -Work/life balance feels difficult to attain at times with the processes sometimes. It’s mostly that working with underwriting is extremely difficult. -There is a mean girl culture that exists with the management and employees. -Feedback comes when it’s far too late to make appropriate corrections. -We operate like a tech company more than we do a mortgage company at times. -Base compensation is not the best. -Come as an already trained professional there is little coaching/training. Which makes it difficult to progress forward to a higher role. -The expectations for you to meet are high for the training you receive. Overall, if you’re willing to come in for the bumpy ride some day this will all be smoothed out (mostly).

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Zillow Response
6y
Thank you for your thoughtful review. This helps provide deeper insight into the needs of the team and how we can support you as we evolve and grow into this market. If you are open to it, I would welcome the chance to hear more and invite you to reach out to me at ryanbl@zillowgroup.com. -Ryan Blomster

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- Senior leadership has determined that inflation need not be a factor when calculating raises. - Also, we're having record profitability! But also money is very tight and we all need to tighten our belts. - Our stock is down 50% this year, but you all need to suck it up, even though stock is a huge part of pay. - We don't care that you are getting a 30% effective pay cut this year. - Performance ratings are calculated on vibes before reviews are actually written. - We've started outsourcing heavily to Mexico and India. - "We need to raise the bar" ("Please work harder for the same pay") - Health benefits have eroded for several years. - Other benefits have never been adjusted for inflation. - AI is becoming like a cult. We've actually been told that the dream is to never open a code editor again, despite the technology not being remotely ready for that (and with no proof that it is less expensive or saves time).

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