CMG Financial reviews

4.1

79% would recommend to a friend

(532 total reviews)
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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
2.0
Nov 30, 2018

underwriter

Recommend
CEO approval
Business Outlook

Pros

Opportunity to work tough files and hone skill of getting a loan approved. It's an income source.

Cons

No annual review nor salary adjustments. Management displays gross disparity to employees, if you are not a personal friend or family member, not much potential for growth opportunities. Company location is sub-par as building needs updates, no cafeteria or deli nor vending machine and distance to restaurants eat up lunch break.

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CMG Financial Response
7y
Performance Management is a priority for the Human Resources Department and CMG. We are currently looking into several processes and hope to have one in place very soon. We strive to provide a environment for employees to enjoy working with. Feedback/communication is key and is encouraged by management and employees.
1.0
Jul 23, 2018

Loan Manager

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

These folks are some pretty sharp criminals

Cons

This section aptly named “Cons.” This place is headed up by con artists. They make their money on fake VA loans.

2.0
Aug 28, 2015

Proceed with caution

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Flexible working hours/arrangements, friendly atmosphere among staff, generally commonsense credit guidelines and policy

Cons

As an employer in general, CMG leaves a lot to be desired. As a way for the company to save money on staff, there is no employee review or raise process, so the rate that you are hired at is the rate you will stay for the length of your employment with them unless you are able to negotiate yourself a raise. There is a lot of talk at the top about work ethic and values, but as a production employee it becomes obvious that this is only about what is expected of you, not what goes on at the top. The CEO is very proud of the family atmosphere of the company so all of the nepotism comments in other reviews are not just true but a big part of the culture he promotes in the company. Getting promotions is about who you know and the important people within "the family" you please, so don't expect to get promotions without this or expect a high level of competency out of the handpicked management staff. If you do end up working for CMG, be careful to know your rights under employment law as they are oftentimes unaware of how to comply with the law. Fairness is definitely and proudly not a value of the company, as is brought up in many meetings. As a mortgage company, the technology is very behind so everything is a manual process. As an underwriter you are expected to churn out a high level of production, but get bogged down by the amount of data entry and manual system work that is required, and management does not recognize the limitations this puts on productivity. There is also a lot of conflicting cross-communication as you receive different direction from different management because there is no clear delegation of authority and it is clear there are a lot of power struggles at the top, especially when it comes to issues on loans involving people "in the family" who are a protected class of employees within the company immune from reprimand or termination.

Viewing 19 - 21 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.