CMG Financial reviews

4.1

79% would recommend to a friend

(532 total reviews)
avatar

Christopher George

85% approve of CEO

82% positive business outlook

CMG Financial has an employee rating of 4.1 out of 5 stars, based on 532 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The CMG Financial employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

532 reviews
1.0
Dec 29, 2016

Awful environment! BEWARE

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Medical benefits. The only reason I can think anyone would ever stay at this place.

Cons

Toxic work environment where Loan Officers and senior staff have superiority complexes.' Loan processors and admin staff are even worse. No support what so ever. The job is isolating and unappreciative. It's no wonder why they have a high turnover rate or why the nicest people leave. Beware of their retail division in San Ramon.

2.0
Dec 29, 2016

Avoid CMG at all Costs

Recommend
CEO approval
Business Outlook

Pros

A lot of great people you will meet and work with but it ends there.

Cons

If you are not in sales or management, pay has a chance to be significantly below market rate, there is no standard CMG bases their pay from, also many employees go years without seeing a raise. No bonuses are also a downside, so there is no incentive for goals, meeting monthly goals for a year won't get you another dollar, but maybe a free lunch! Mainly people are overworked and under compensated. There generally is no repercussion or held responsibility held to employees, bad and sloppy work is continual and shows no sign of slowing. Nepotism reigns king here, if you are not in their little circle, it's hard to move around and meet your career goals. They monitor and track all instant messages and are not afraid to punish on what they see. Any break over 10 minutes is subject for write up. Management will not back you up and stab you in the back if it is to save their butt. There is very little structure and process, training is a minimal. New ideas and processes are hard to implement due to lack of coordination, and willingness to put in effort from many others. CEO has shipped many jobs to India, and planning on outscoring many more (post closing, shipping, etc). A new LOS is attempting to be put in place, this will also help reduce the number of Ops staff needed, so more layoffs are in the future (Although it doesn't work as well as intended). They have and are being sued by main former employees as well. It's easier to just avoid CMG all together. The higher rated posts are done purposefully to hide the more negative ones, mainly by marketing. After a negative review, there will be a slew of positive ones.

5.0
Dec 28, 2016
Recommend
CEO approval
Business Outlook

Pros

LOVE this company. Fair and competitive compensation, good managerial support, good technical support, Excellent support team provided for submitting loans, great learning tools available to keep up on lending rules and changes. Good TEAM feeling. I will never work for another lending company.

Cons

Need to sharpen communication procedures, but I know that is in the works. Sometimes one underwriter will approve something that another underwriter will not.

Viewing 478 - 480 of 532 Reviews

Glassdoor has 547 CMG Financial reviews submitted anonymously by CMG Financial employees. Read employee reviews and ratings on Glassdoor to decide if CMG Financial is right for you.