Consumer Loan Underwriter 3 - Consumer Loan Underwriter III Wells Fargo Employee Review

1.0
Dec 29, 2012
Recommend
CEO approval
Business Outlook

Pros

Monthly bonus. Base aalary $63,000.

Cons

Company hired me as a Senior Underwriter although I had no experience in mortgage lending, only commercial underwriting. Although I learned quickly, there were some details that I missed. The Lending Manager responsible for granting loan authority claimed she had trained me several times, which was completely false. I was let go after 3 months due to mistakes on 2 loans out of 24 that I had underwritten. Very unfair envirornment. 10+ hours of overtime required per week.

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5.0
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Recommend
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Pros

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Cons

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4.0
Dec 1, 2014
Recommend
CEO approval
Business Outlook

Pros

Benefits (but cost creeping up and coverage creeping down each year), Good Morale Both Management and Coworkers, and Honestly a Great Company.

Cons

Cross Selling is the only focus now, firing employees who are great at their job in every area that should matter but if the cross selling results are not meeting the ever ridiculous quota (which continues to rise) than you may not have a job next month. Expectation for customers to say yes to cross selling, leaving you with no real control of your job security. Stress!

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