loan officer

Evolve Bank & Trust

This is the worst place i have ever worked. The branch manager is sexist, greedy, demeaning, and incompetent SOB. The branch manager will make you do all of his work or he will limit the leads you get. He does not pay any bonuses he constantly says he will give. He literally put his name on another Loan Officers loan to collect the compensation and then denied the whole thing when corporate inquired. He constantly puts his employees down especially women. He will tell potential employees anything to get them in the door and then deny ever saying anything. The corporate office says they will require necessary training for every position and then say its on the branch manager to provide which he does not. The branch manager acts like he knows it all but can barley fill out peoples names on loan applications. All the corporate higher ups say they have an open door policy, but then when you contact them you get ridiculed and put down by your branch manager. The branch manager admittedly said he restricts his employees work flow so they cant make more in commission than he is willing to pay. He will make sure you only gain experience in loans that he knows you couldnt take the experience elsewhere just so he can keep people. I have only been there about three months and six people have already quit and its only been open about two years with no more than five employees at one time. He literally tells his employees that the only reason people quit is because they’re greedy or they cant do their jobs when in fact the most qualified people soon quit after months of putting up with this place. God forbid if you ever get on his bad side he will literally limit the leads you get so he doesnt have to pay extra bonus. The only leads that come into this location are marketing based which he controls who gets what and how frequently. Unless you drink the cool aid this place will not be the place for you. He requires his loans to take priority although it takes twice as much work to process because he doesnt know what he is doing and expects everyone to do the work while he collects the commission. If it was possible to rate this place at a negative number i would. I wouldn’t recommend anyone working at this location or to ever do business with this company.

This is the worst place i have ever worked. The branch manager is sexist, greedy, demeaning, and incompetent SOB. The branch manager will make you do all of his work or he will limit the leads you get. He does not pay any bonuses he constantly says he will give. He literally put his name on another Loan Officers loan to collect the compensation and then denied the whole thing when corporate inquired. He constantly puts his employees down especially women. He will tell potential employees anything to get them in the door and then deny ever saying anything. The corporate office says they will require necessary training for every position and then say its on the branch manager to provide which he does not. The branch manager acts like he knows it all but can barley fill out peoples names on loan applications. All the corporate higher ups say they have an open door policy, but then when you contact them you get ridiculed and put down by your branch manager. The branch manager admittedly said he restricts his employees work flow so they cant make more in commission than he is willing to pay. He will make sure you only gain experience in loans that he knows you couldn't take the experience elsewhere just so he can keep people. I have only been there about three months and six people have already quit and its only been open about two years with no more than five employees at one time. He literally tells his employees that the only reason people quit is because they’re greedy or they cant do their jobs when in fact the most qualified people soon quit after months of putting up with this place. God forbid if you ever get on his bad side he will literally limit the leads you get so he doesn't have to pay extra bonus. The only leads that come into this location are marketing based which he controls who gets what and how frequently. Unless you drink the cool aid this place will not be the place for you. He requires his loans to take priority although it takes twice as much work to process because he doesn't know what he is doing and expects everyone to do the work while he collects the commission. If it was possible to rate this place at a negative number i would. I wouldn’t recommend anyone working at this location or to ever do business with this company

My typical work day consists of making new realtor contacts/maintaining long term business relationships via phone calls, email, and face to face presentations for mortgage finance solutions and preferred lender relationships. I sell mortgage finance programs (residential purchases, refinance, and renovation/construction loans) and potential banking relationships for other services. In this position, I take applications for mortgage financing, analyze the tax returns of W2 wage earners and self employed borrowers, and review/repair credit when required to meet minimum guideline requirements for mortgage lending. I then manage my pipeline for remaining conditions to meet underwriting requirements (processing file) to comply with contract closing dates.
I have learned that in mortgage finance/banking, bigger is not always better. 
Management with this lender is the best I have had in my career history. Management as well as my coworkers were all on the same page in assisting one another to increase overall branch numbers and transparency of a file in processing for the goal of closing and funding.
Realtors are my "bread and butter" for acquiring new business and secondly comes referrals from past clients and business associates. Because the current market has become a "seller's market", the hardest part of the job is getting a new realtor to take a risk in allowing a new lender to provide a preapproval and fund their buyer's purchase transaction. The last 5 yrs has simply been challenging for all in the real estate and mortgage banking field. In result, realtors are resistant to take a risk with a new lender when they have something that is currently working ok once again! On the flip-side, the best part of this business is creating and maintaining those new relationships and the feelings of accomplishment in assisting someone with what is usually the largest investment of their lives!

Opportunity for growth is hard to come by unless you ask and ask and ask for the opportunity. I was provided the ability to work on multiple projects in different areas and without a change in title or compensation. Then after working on new projects with some requiring additional analysis experience, I was given a new title of assisting the managing/leading of the largest most experienced group of underwriters, then after 4 months I was laid off with no increase in compensation, which was stated as "to come" by the interviewing Vice President. I did work with some very remarkable people at Evolve that I will remember for a long time. I agreed with the operational management style of Evolve, but with no internal performance reviews or discussions on identifying strengths or weaknesses, I was not surprised to find out after my layoff that they change people's title all of the time with no change in compensation. I harsh lesson that I have learned and will remember for the future.

I have worked remote for the last 2 years as a Conventional Underwriter and would not have left except there was a reduction in the work force..  I would like to find another remote underwriting opportunity where my contributions are appreciated and I can provide assistance to loan officers as well as processors during the underwriting process.  I was also a member of the Scenario Desk team where I answered specific questions, assisted with income calculation, and individual loan situations.  I advised of agency guidelines and used AllRegs, the 4000.1 and the VA credit handbook to answer questions. I underwrote between 40 and 60 loans per month and assisted post closing and quality control with investor requirements.  Management was wonderful and did not "micro-manage" me to get my work done.

Truly enjoyed my work family HOWEVER, there was some favoritism that I saw and encountered. I am a very versatile employee and always willing to learn as well as being able to train/work in a few other depts, but when it was time for layoffs, I was the first one in my department. I asked HR if the decision was based on tenure and was told that it wasn't. I was (am) a model employee and how they handled me and the lay-off was baffling. An employee with so much to offer was laid off with no real explanation besides the market is bad. Someone who was always the first in the office every day, helped wherever, barely called in, hardly took vacation, etc , but the LAZY employee(s) who frequently called in, took several 30 plus minute smoke breaks at least 3 times a day (minimum), etc was never asked to leave.  I guess it pays to have a relationship with HR for times like that. 

Run!  The branch manager of the Greenwood Village office is shady!!!  I was the first processor hired for the Greenwood Village office.  I was expected to do things that were unethical and outright illegal.  It was expected of me to do the loan applications .. including rates and fees that should have been discussed by a licensed loan officer.. not an unlicensed processor!  I was told I would be paid salary plus bonus... didn't happen!  I stuck it out for about 5 months thinking it would get better... never happened!  I had to call the labor department and file a complaint to get paid!  Good points ... hmmm.. I could work whatever hours I wanted because they had virtually no pipeline!  And made zero effort to bring in new deals!  Don't trust management's promises!  Especially when it comes to pay!!!  Be warned!!!!

family oriented culture, little room for career growth or learning so far, divisions of bank are very segregated so it makes communication hard or knowing when a process has changed, bosses do care about your personal life and needs (needing to leave for a family emergency or work remotely if you ask to), majority of the people are very friendly. but don't question your authorities.  morale and culture has changed drastically in the last year so have to be careful who to trust. lots of politics in the hierarchy.  some have to take on more work than others with similar pay so expect to be spread thin.  benefits are great and corporate events are offered frequently (always lots of food!) and allow you to bring your significant other or family.  overall good place to work. covered parking and nice office.

This has got to be one of the most horrible places I have ever worked.  I was contacted by the branch manager to come and work for him as a processor.  Little did I know that it was not the only thing I would be doing.  He hired me on 7/14/14 just to lay me off today because he has no idea what he is doing and is possibly breaking the law.  I left a job that I could have stayed at to come work for him and found out that he is a control freak who will not allow you to do your job properly.  He records you without your knowledge and did not give me the proper amount of time to learn my job.  Not to mention that he completely underpaid me for the experience I have but I wanted to get back into the mortgage business so I stupidly took it.  DO NOT work for this company!!

In my time there, I was promised career advancement and pay raise. They setup some positions as lateral moves to "gain experience". This was usually a minimal raise with more responsibilities. Also had poor deliniation between departments. Managers from other departments would often have the 'mines bigger' mentality when it came to needing something done. I wouldn't recommend anyone work here. Even if you're looking for entry level, they will keep you in that role. Management was not unified in their overall goals, only worried about their departments. The initial welcoming feeling at the beginning goes away quickly

I've started multiple times saying leadership and replacing with management. Leadership training would go a long way in productivity and retention. 

Working at Evolve Bank & Trust: Company Overview and Reviews

Evolve Bank & Trust

Evolve Bank & Trust Ratings

Popular jobs at Evolve Bank & Trust

Salary Satisfaction

Job Seeker Tools

Employer Tools

Browse

Stay Connected