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Guild Mortgage

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Quick to layoff when the market turns - Mortgage Underwriter II Guild Mortgage Employee Review

1.0
Mar 3, 2023
Recommend
CEO approval
Business Outlook

Pros

Great insurance benefits with low employee cost

Cons

A very large corporation who will inevitably see you as a paycheck that can be cut the second the market has a downward swing. Company spent hundreds of thousand hosting a large party in San Diego in January 2023, actually shared videos with the entire co. of the drunk fest with games , food, entertainment, lodging. While it's operation team was working reduced hours to avoid layoffs since last October. There will still huge layoffs throughout the beginning of 2023 despite the sacrifices the Ops teams made. The company sent the sales team on two Las Vegas vacations last year and a tropical Jamaica vacation, which included private jets. Underwriters at this and most mortgage companies, worked seven day work weeks during covid due to the huge real estate boom and made sacrifices for the companies they worked for,. Companies like Guild made money hand over fist and took care of their sales force as a thank you, while discarding their operations team as soon as possible. Siting they have no money even after the lavish San Diego party, severance was paid to at the "generous" reduced weekly rates of pay that employees agreed to in order to "stay" employed. I guess it's better than nothing.

Explore other reviews about Guild Mortgage

5.0
Jul 13, 2026
Recommend
CEO approval
Business Outlook

Pros

I will call where I work "Guild IT" since the home office experience is not the same world as the field office experience. Guild IT is very stable and committed to its employees. Guild IT has never laid off anyone in the time I've been here. Guild IT meets people where they are as far as skill set and makes assignments accordingly. Guild IT values institutional knowledge as opposed to what fancy new boxes you can check as far the latest technologies. Guild IT tries new processes and keeps the transitions stable and workable. Guild IT is very flexible. I have a special needs son and I've never had to ask to adjust my schedule to meet his. Guild IT is very remote work friendly.

Cons

My department in particular within Guild IT has little rhyme or reason to how you move up. I finally got to the next job title after a change in management. Other departments seem to have more clear metrics. With the volatility in the tech industry, I valued the job stability even before I got promoted. It would just be better to flesh out how employees get from here to there.

2.0
May 12, 2026
Recommend
CEO approval
Business Outlook

Pros

Well established, offices throughout the country. Have plenty of coaching and training available especially if you are willing to pay for it. Benefits are pretty reasonably priced.

Cons

Overly bloated corporate structure, company margins are high and baked into your rates. They pay a lot of people high salaries that don't contribute a lick to helping the life blood of the company, their LO's originate loans. Give you a minimum wage base on a drawback. So you can get yourself in a hole if you have a month without any closings.

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