CapCenter reviews

3.5

56% would recommend to a friend

(111 total reviews)
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Gary Piacentini

65% approve of CEO

48% positive business outlook

CapCenter has an employee rating of 3.5 out of 5 stars, based on 111 company reviews on Glassdoor which indicates that most employees have a good working experience there. The CapCenter 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

111 reviews
1.0
Nov 22, 2022

Lots of room for improvement…

Recommend
CEO approval
Business Outlook

Pros

Some of the people here do mean well, however, most all the truly genuine people left on their own for greener pastures and a brighter future than CapCenter could offer. The office was okay, but being forced to go in-person 5 days a week didn’t sit well with many employees, especially when some were granted flexibility and others weren’t. The company once had a very bright outlook, but I do believe that ship has sailed, not only due to current market conditions, but the reputation as far as a place to work.

Cons

So much of what is actually revealed in some of the true reviews on here (the ones HR didn’t beg people to write in a positive light) is accurate. The culture, the environment, the leadership, the work/life balance, the training, and the pay are all poor, disguised by empty promises. Some people do enjoy it and I hope for all the people who are still there they have a great experience. Make sure if you are looking at a job here to read customer reviews as well. Your name, your face, and your reputation are all on the line in most of the roles that are client-facing and CapCenter tries, but doesn’t really succeed in setting you up for success. It’s a constant cycle of stress working here. Promotions are always attainable if you’re inside the circle…if you “know the family”. However, you can work here and devote all your time and energy to making a difference, but never get a genuine thank you. It looks like they reference their Top Workplaces accolades, but I suggest you actually talk to someone who has worked at CapCenter to get true feedback. I did enjoy parts of my time at CapCenter. I’m glad it was part of my journey of growth and I am still in touch with many of the lifelong acquaintances and friends I met there, but there’s just a lot of room for improvement and I feel bad for anyone caught in the crosshairs of the struggle. The morale was never very good, but I can imagine it’s even worse now with all the layoffs referenced in these reviews.

2.0
Nov 14, 2022
Recommend
CEO approval
Business Outlook

Pros

It's a great place to learn about the mortgage industry quickly since you'll have access to all parts of the business. Leads are all given to you, so your main focus will be on your client and finding them the best financial fit without the pressure of having to close the loan like a commission only LO. The product is a great fit for a very specific demographic of people, however more experienced or complicated borrowers may be better off with more abstract or portfolio offerings that are not currently offered.

Cons

Growth in the company is solely based on whether a select few people chose you for a position. Often internal opportunities were not posted, advertised, or even interviewed for; leaving people who wish to grow but aren't in with the right people to stand aside and watch as other people are just announced for promotions. The company grew too fast without properly laying down foundations that would protect the larger employee base when rates increased, leaving endless rounds of reductions-in-force that lasted months. With RIFs occurring as frequently as every 2 weeks, it made it really hard to believe that there was a long-term plan in place to protect the business, employees, and clients from the downturn in a cyclical industry.

1.0
May 2, 2022
Recommend
CEO approval
Business Outlook

Pros

A good loan product, some decent folks, but that’s where it ends.

Cons

Please look past all the positive reviews and consider one thing about this company. Retention. CapCenter’s is frighteningly bad. During the two-year period of historically low interest rates, CapCenter hired hundreds of new employees. Nearly 40% left of their own free will - within one year. When you take a new job, don’t you plan to stay at least a year? That’s not even taking into consideration the high turnover of folks who’ve been there longer than a year. This company’s abysmal retention should tell you all you need to know. In addition to the many people choosing to leave voluntarily, CapCenter grew too quickly when rates were low and is now having to greatly reduce its workforce. This RIF is increasing an already incredibly low morale for those who remain. I would beware before you consider employment here. It is not a good place to work, and people leave. Lots of them.

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CapCenter Response
4y
Our 1st year turnover is 25% which is lower than the national average and our industry average, but I wholeheartedly agree with you on how important retention is - I would love to reduce that to single digits. I love to meet with current employees to get their feedback and suggestions on how we can create an amazing workplace culture, reach out if you would like to chat!
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Glassdoor has 113 CapCenter reviews submitted anonymously by CapCenter employees. Read employee reviews and ratings on Glassdoor to decide if CapCenter is right for you.