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Wintrust Mortgage

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Senior Underwriter - Underwriter Wintrust Mortgage Employee Review

1.0
Nov 9, 2015
Recommend
CEO approval
Business outlook

Pros

Great co-workers, health insurance is better than some

Cons

Long hours to get your work done with no overtime pay, zero bonus potential, zero 401K match, lack of communication, lack of training, Mortgage Builder / systems issues weekly, Wintrust aggressively recruits and hires at peak volume and then lays off the moment it slows down - bad for families and the community in general - bad management that they are unable to successfully maneuver the slightest shifts in volume, mega micro management, zero positive feedback. Greed at it's ugliest. Don't ever expect a thank you or even a catered lunch following those record breaking funding emails - that'$ all going into a few pockets and none of them are yours. Business is taking a nosedive as sales runs for the door due to lack of support and uncompetitive rates. If they contact you in March, April, May or June, don't go, unless you want to be job searching in November.

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Wintrust Mortgage Response
10y
We value our employees and obtain annual benchmarking surveys from industry specific compensation vendors to ensure that our employees are compensated fairly and that pay is commensurate with performance, experience and position. Our overall compensation also takes into account our excellent benefits package provided through Blue Cross Blue Shield, Prudential, and Humana. Other benefits include our Employee Stock Purchase Plan, Health and Dependent Care Flexible Spending Accounts. The 401(k) program is available to all permanent employees that work greater than 20 hours per week on their 1st day of employment and has traditionally included an employer match component. We strongly encourage all employees to participate in our 401(k) program and offer 401(k) training sessions twice a year to educate our employees on this important retirement tool. The mortgage industry is cyclical, with more people buying homes in the spring and summer months. We strive to balance staffing and volume by utilizing a variable staffing model, and advise those temporary employees accordingly. Wintrust Mortgage also believes in employee engagement and recognition. At our Rosemont headquarters, Wintrust’s various business units each take turns hosting a free monthly lunch for our employees. Our employee recognition culminates in our annual awards ceremony held each January. This month we recognized dozens of our outstanding employees, includes sales, operations, and corporate services staff across all of our offices. Customer and employee satisfaction are at the top of our list.

Explore other reviews about Wintrust Mortgage

5.0
May 30, 2025
Recommend
CEO approval
Business outlook

Pros

Great pay, BPS are really strong.

Cons

No base other than a draw against commission.

2.0
Jun 18, 2026
Recommend
CEO approval
Business outlook

Pros

Better than working for PNC

Cons

Conservative, poor management, limited product, technologically. Revolving door, management mentioned and CEO are no longer there.

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