Great company name with bad pay and worse local management - werkgeversreview Loan Officer bij Wells Fargo

4,0
21 jun 2010
Aanbevelen
Goedkeuring directeur
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Pluspunten

The name is very strong and respected. Easy to promote your business through using the branding. Access to multiple marketing campaigns although it takes forever to get corporate approval.

Minpunten

Pay. While they are competitive with other banks, the 35 bps per file means you have to close $1mm plus each month in order to make a living. Much less than the broker down the road who can make 150 bps per file easily. Underwriting is incredibly slow! At one point they REQUIRED 60 day locks while the rest of the open market was closing in 4 weeks. Now I hear they are at 30-45 day minimum and the rest of the market is at about 3 weeks. Local management seems to have been tenured and isn't looked at when production in the branches seems to be dropping.

Ontdek andere reviews over Wells Fargo

5,0
6 jun 2026
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

Great culture, great community aspect

Minpunten

Some people are overworked, still slow off of past history

4,0
1 dec 2014
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

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

Minpunten

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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