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      NFM Lending

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      NFM Lending reviews

      3.9

      69% would recommend to a friend

      (306 total reviews)
      avatar

      David Silverman

      94% approve of CEO

      65% positive business outlook

      Ratings by demographic groups

      NFM Lending has an employee rating of 3.9 out of 5 stars, based on 306 company reviews on Glassdoor which indicates that most employees have a good working experience there. The NFM Lending 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

      306 reviews
      1.0
      Nov 25, 2022

      Horrible management/leadership, managers do not know underwriting

      Senior underwriter
      Recommend
      CEO approval
      Business Outlook

      Pros

      sign on bonus, nothing else.

      Cons

      This has to be the worse place i have ever worked in the business. The management does not know basic guidelines, and then has to meet about them several times a day (no less than 5 times ). Upper management including the President & VP doesnt even know VA and then hires Senior Underwriters to make them look good. It is all about sales, not doing the right thing. The UW click management thing is real, albeit to say they are hired with no experience except for a few team leaders. RUN RUN RUN away from this micro managed place. I was suckered into this place. Trust me when I say, I have never dealt with a bunch of underwriters , Team Leaders, Leadership that has ever underwritten or know what guidelines are put in place for.

      avatar
      NFM Lending Response
      3y
      Greetings, Former Senior Underwriter from VA with more than 5 years. Thank you for √Recommend √ CEO Approval √ Business Outlook The mortgage industry is highly regulated, and our Chief Compliance Officer oversees, trains, and investigates even the smallest hints of unethical activities. Simply put, fraud does not exist in our organization. Our senior management's primary focus is on employees; with that philosophy, customers and money will follow. Underwriting management teams have been in the business for over 20 years and are well-equipped with all state guidelines and conditions. As a result of the recent separation of our organization, you no longer see our organization in the same positive light as you once did. We encourage you to report anything substantive to our anonymous hotline. In the meantime, we wish you happiness, health, and success.
      1.0
      Sep 30, 2022

      Horrible place to work AVOID

      Mortgage banker (mlo)
      Recommend
      CEO approval
      Business Outlook

      Pros

      - Leads to MLO - Employees are good

      Cons

      - Management is completely out of touch with employees. - Claim to have open door policies but will take days to answer questions. - Claim to have high retention rate but internally see tons of turnover - Incentivize employees to fill out good reviews - No training programs, Sink or Swim ( good luck trying to learn software) - No HR. Foul mouthed, Sexual harassments runs rampant. - Frat house mentality, with no accountability The culture they have built involves only success for the LO's that have been in their tight knit circle for years. They will undervalue and underappreciate the blood, sweat and tears required for this position. You are only a cog in the machine. No sense of accountability from management. THEY WILL CHANGE YOUR COMPENSATION PLAN WITHOUT PRIOR NOTICE. Notice involves signing a contract or resigning. Decreased wages by 3/4, management does not have the gull to tell you.

      avatar
      NFM Lending Response
      3y
      Dear, more than 3 years teammate The feedback you have provided does not reflect our company culture. You worked here, made friends, and had an enjoyable time with us during your tenure. The cons listed are a misrepresentation of our employees’ experience. Our organization's engagement is our top priority; therefore, employees have a vital voice within the organization-you speak – we listen. Terminating employees for business reasons (through no fault of your own) is never an easy decision since both the employer and the employee suffer. As a former employee, we welcome you to participate in our Employee Assistance Program (open to former employees for a short window) to assist you during this transition.
      1.0
      Aug 26, 2022

      Avoid Like the Plauge Unless You're Very Desperate

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      If you're first starting out, the work life balance is good.

      Cons

      Benefits package is extremely lacking. Pay is low, people you work with act like children. They will lay you off with absolutely no notice, not even a meeting scheduled. Just a random call telling you that you're let go effective immediately. They will upsell their "bonus" as a way to get you to take the job, which I fell for, unfortunately. In reality, you make a low wage, very limited # of days off for the year. They also give you a very small amount of the days you accrue for PTO paid out to you when they "let you go". So take as many days as often as you can, do not save them up or anything.

      avatar
      NFM Lending Response
      3y
      Discover NFM Lending. We Have the Highest Retention Rate. Employees are treated with dignity and respect throughout the employment cycle, including offboarding. Losing a valued teammate can affect the dynamics of the group, requiring adjustment for all parties. During the reorganization process in your case, a business decision was made, and Human Resources may take the initiative in these conversations to ensure essential information is conveyed. Our company understands that adverse employment actions may impact perspective. Still, we have an availing Open-Door policy for employees to resolve any grievances, and we have no record of such feedback. However, we are willing to discuss providing closure as you embark on a new chapter of your life. We wish you the best of luck in your future endeavors.
      Viewing 7 - 9 of 306 Reviews
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      ReviewsNFM Lending reviews

      Glassdoor has 315 NFM Lending reviews submitted anonymously by NFM Lending employees. Read employee reviews and ratings on Glassdoor to decide if NFM Lending is right for you.