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Homeside Financial

Part of Lower

Engaged Employer

Homeside Financial reviews

4.3

88% would recommend to a friend

(339 total reviews)
avatar

Michael Baynes

93% approve of CEO

83% positive business outlook

Homeside Financial has an employee rating of 4.3 out of 5 stars, based on 339 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Homeside 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

339 reviews
5.0
May 23, 2018
Recommend
CEO approval
Business Outlook

Pros

Company culture, daily training, open door policy, incentives and motivating bonus opportunities, given opportunities for optional overtime, happy hours and company outings. This is a company that truly is invested in every single employee from top to bottom. I have loved each and everyday working for this company since I started 3 short months ago, and look forward to continuing to work here even after I win the lottery.

Cons

There is only two microwaves in the kitchen and they aren't really any good.

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Homeside Financial Response
8y
Thanks for the review, we hope you win the lottery too!
4.0
May 22, 2018

Sr Loan Officer

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Exceptional culture, great management that sincerely cares, tremendous opportunity for growth, niche mortgage products that will survive in a declining refinance industry.

Cons

Homeside promotes a culture of theft by stealing $500 from borrowers for loans they do not qualify for with zero oversight, and then rewarding those bankers with top tier leads.

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Homeside Financial Response
8y
We appreciate your feedback and are excited that you feel that we have an exceptional culture and tremendous opportunity for success, we agree. Here at Homeside, we require our Loan Officers to act with the highest level of integrity and to always do the right thing by our clients. This includes making sure our client is fully qualified before having an appraisal ordered. If, in a rare circumstance, we order an appraisal and the client doesn’t qualify due to an error or oversight by one of our Loan Officers it is policy that we proactively refund the client for any money spent on the appraisal. Our Homeside Care department tracks customer service ratings of each Licensed Loan Officer that we employ and if any LO was engaging in the behavior that you described in your review, it would be quickly realized by our management team and dealt with accordingly. We do not tolerate the behavior you describe, let alone reward our employees for it. If you have questions about how you can make it into the top tier, you should speak with a supervisor to see what actions you can take to improve your individual performance and achieve your professional goals. Management is always available and eager to help employees improve and reach their highest level of professional success.
1.0
Apr 16, 2018
Recommend
CEO approval
Business Outlook

Pros

The company is growing without increasing opportunity to loan officers. Another pro is the company asks every employee to write glassdoor review so they can "appear" to be one of the best places to work! How awesome is that?!

Cons

Homeside does not care about its employees. The current lead source is well below par. Company keeps track of every stat while you are on the phones and will constantly monitor you, resulting in workplace micromanagement. They recently changed their comp plan where your commission is paid out quarterly and if you leave before the quarter, they keep all your commission. Loan officers are just a number here and many LOs have jumped ship. Almost 40% of the LOs I worked with last year have already quit and the rest are in the process of interviewing with other companies to hopefully leave homeside. Do not come here. Also, to harp on the lead source again. 90% of the leads you take are either applicants who simply dont qualify, already purchased/refi'd, or wanting something we dont offer. Do not mistake this with the mindset of putting in more effort will result in taking more apps. I had that mindset and it still got me nowhere. The lead source is just bad.

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Homeside Financial Response
8y
We appreciate your feedback and are disappointed to hear you didn’t find success here. We truly value all our of employee’s, past and present. We are sorry that you feel that leads are of poor quality, but our continuous success shows otherwise. This is something that we monitor closely every single day to ensure both the best opportunity for our employees, and that we are reaching the best consumers to help them achieve their home ownership and financial success dreams. In response to suggestions from our Loan Officer’s we changed compensation plans to provide our DTC Loan Officer’s with more stability. Instead of a normal Loan Officer compensation plan based solely off commission we provide our Loan Officer’s with a consistent salary each month. At the end of the quarter Loan Officer’s receive commission on funded volume over their salary amount.
Viewing 34 - 36 of 339 Reviews

Glassdoor has 351 Homeside Financial reviews submitted anonymously by Homeside Financial employees. Read employee reviews and ratings on Glassdoor to decide if Homeside Financial is right for you.