Mortgage Banker - Stay Far, Far Away. - Mortgage Banker BMO Financial Group Employee Review

1.0
2 Feb 2017
Recommend
CEO approval
Business outlook

Pros

Bank holidays and insurance options are good, otherwise none. Unless you want to make a career doing Doctor Loans or Affordable Lending there is no reason to work here.

Cons

Where to start? Technology is 20 years behind. Operations staff at all levels are poorly trained and not accountable. Many lack product and guideline knowledge as well as a fundamental understanding of real estate transactions. This makes it all but impossible to focus on generating new business when your job becomes babysitting files and damage control with your clients. There is a shocking disregard for customer service and the mortgage applicant's experience. The same goes for your referral sources and relationships. Once your realtors get a taste of the BMO Mortgage process they will never want to refer you business. The entire file process is SLOW and broken.

Explore other reviews about BMO Financial Group

5.0
2 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Fun job to work good benefits

Cons

no cons really great company

2.0
10 Jun 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Worked with a few great people

Cons

Lack of career mobility Management in Canada was disconnected from the US Low pay

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