Network Capital Funding Corporation Reviews
39% would recommend to a friend
(1171 total reviews)
Tri Nguyen
47% approve of CEO
Found 1,171 of over 1K reviews
Updated 29 Nov 2023
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Excerpts from user reviews, not authored by Glassdoor
- "I was great with the trainings provided to us that helped me get licensed in a few states." (in 45 reviews)
- "There is no benefits for their employees and when you need a day off management transfers all of your work." (in 19 reviews)
- 2.023 Nov 2023Loan OfficerFormer Employee, less than 1 year
Pros
Renewals and licensing was part of the company benefits and they pay for it.
Cons
Management can't do anything else but make our load ridiculously high! Coming in to work with aggressive managers was too exhausting even at the start of the day!
- 1.024 Oct 2023Loan OfficerFormer Employee, more than 3 yearsIrvine, CA
Pros
Management wasn't always smooth sailing, but my co-workers were the anchors that kept us on course.
Cons
Working here was incredibly frustrating due to my boss's unreasonable demands, lack of support from management, and high employee turnover. My boss was a controlling bully who constantly pressured us to meet unrealistic expectations and rarely helped us with client or loan issues, often micromanaging our work. The frequent turnover of loan officers made it hard to establish relationships with clients and colleagues, causing inconvenience for everyone involved. Additionally, economic factors like fluctuating interests rates added extra stress, as rising rates reduced loan demand, making it even harder for loan officers to succeed.
1 - 1.09 Nov 2023Loan OfficerFormer Employee, less than 1 year
Pros
I have worked with some of the best people here and I still speak with them today.
Cons
If you can deal with the stress and terrible work/life balance, this place is for you. On the other hand, you'll fall behind if you take time off. Workload goals were totally unachievable- even so they continued to force more work or work from the people they kept firing on top of an already unrealistic workload. Don't be that college kid that gets tricked into this company.
1 - 2.010 Oct 2023Loan Processing AssistantFormer Employee, more than 1 yearIrvine, CA
Pros
I loved working with all of the mortgage bankers and the sales managers. The offices were nice and management treated staff to nice catered lunches about once a month or so. Lots of room to grow and learn and multiple locations to work and live outside of California.
Cons
The owners didn't seem to truly care about all of the people that are helping to make them rich. One of the main owners is a complete jerk to basically everyone. I'm not sure if most of the managers are overworked and underpaid, but managers in all departments aside from sales weren't very nice and acted like they were still in high school. Overall, not a very enjoyable place to work.
2 - 2.06 Nov 2023Senior Mortgage BankerFormer Employee, more than 1 yearNew York, NY
Pros
Uncapped commission if you’re closing a lot of loans and the market is good.
Cons
Brutal culture. Scare tactics from upper management. No base. No benefits. Doesn’t care about employees. Just sees them as a number to make them more money.
1 - 2.015 Oct 2023Mortgage Loan OfficerFormer Employee, more than 1 yearIrvine, CA
Pros
The job can be challenging, which is good for your growth. And there are many opportunities available for employees.
Cons
The management is simply insane to deny the high employee turnover rate in this company. The leadership tries to make excuses and blame other factors for the high number of employees who leave this company. But the reality is that the management is terrible at taking care of the talents here, which is the main reason for the high turnover rate.
2 - 1.014 Nov 2023Mortgage BankerCurrent Employee, more than 1 yearNew York, NY
Pros
Nice view from the office
Cons
Horrible commission split (.25 bps - .75bps based on volume, .75 is only hit if you cross $4m in one month).
1 - 2.017 Oct 2023Mortgage Loan OfficerFormer Employee, more than 1 yearIrvine, CA
Pros
Good pay if the market is ideal.
Cons
Ran by two brothers who are never in the office yet everyone fears them. Middle management is terrible, they will break any and every law pertaining to OT (asking us not to clock-in when we work so they don't have to pay), making us clock-out and stay until we "have a deal". Plenty of sexual comments thrown around. Bad environment.
2 - 2.030 Jul 2023Mortgage Loan OrginatorFormer Employee, more than 1 yearIrvine, CA
Pros
I started at the Call Center and worked there for 6 months until I got signed off to take the exam to become a LO. They paid for my exam and they paid for my licensing.
Cons
Well NetCap did a thingon an ethical leven I wouldn't necessarily agree with like forcing everybody to work overtime and removing their employee's chair to not allow them to sit if the management felt their team wasn't producing which I'm not even sure are if that is legal, but nonetheless I was still new to the industry and the full-time work force that I thought that was normal.
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Network Capital Funding Corporation Reviews FAQs
Network Capital Funding Corporation has an overall rating of 3.0 out of 5, based on over 1,183 reviews left anonymously by employees. 39% of employees would recommend working at Network Capital Funding Corporation to a friend and 39% have a positive outlook for the business. This rating has decreased by -9% over the last 12 months.
39% of Network Capital Funding Corporation employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Network Capital Funding Corporation 2.5 out of 5 for work life balance, 2.7 for culture and values and 2.9 for career opportunities.
