Current Management will ruin SoFi - Loss Mitigation Specialist SoFi Employee Review

1.0
2 Dec 2019
Recommend
CEO approval
Business outlook

Pros

- Paid insurance premiums - Snacks in break room - Competitive wages - Essential "golden shackles"

Cons

- Rampant Nepotism: I have watched several of the most qualified candidates be overlooked by management, who then promotes those who have worse work history, are less knowledgeable, and often times don't even meet the "requirements" that were initially set in the job listing. Your hard work, innovative mindset, and excellency at this job will NOT be a factor in to whether you receive a promotion, which means "growth opportunities" are impossible. Beyond Disorganized: Nothing in this department is ever uniform. What one manager tells you to do, another manager will chastise you for. What one manager expects of you for your performance, is way out of reach of what another manager expects. Answers are never the same to vital questions, and no matter how much the floor's concerns grow, nothing is ever done to fix it. False promises are FREQUENT. "We'll look into it". The Floor Reps are the LAST priority: This department's focus (and quite frankly, obsession) with change and "growth" of new advancements that will ensure we collect more, wind up putting the floor rep's needs on the back burner. I have never in my life worked at a company where management has SO MANY DAILY MEETINGS. Several times a day someone needs a manager's help, and we can't get anyone because they're in another meeting. In the last 3 months they've developed and added several new programs and techniques to collect more, but half of the reps are still using computers that can barely function. If you work here you WILL only be a number to them. There is no sense of personal appreciation. QA scores make it very difficult to bonus: Bonusing is a crapshoot. Every month they assign a QA agent to your for your call scores that month. Some agents are very easy and will gladly score you on a fair scale. Others are determined to find the smallest things wrong. One of my calls was graded poorly and their note was “the info you gave was all correct, but this is how I would have said it.” Grading is a judgement call for QA agents and doesn’t have a direct organization to it, which leads to A LOT of gray area. What you’ll pass for with one agent, you’ll fail for with another. And management does not take it seriously, and very rarely will challenge the score for you. Failures obviously count you out for bonus that month so if you get a difficult agent, POOF. Kiss your hard work and incentive goodbye! Upper Management is AWFUL: This is the reason (above all others) why I decided to finally leave a job with so many excellent benefits. From the upper manager I have seen nothing but cruelty, micromanaging, excessive power trips, extreme punishments towards reps for small issues that are WAY beneath the level of severity they received, and an overall complete lack of humanity or empathy toward his floor of employees. The atmosphere very quickly turned toxic, the workers are always on edge, feeling as if they're walking on eggshells, and wondering if one slip up will be the thing that makes them lose their jobs. He rules with fear, and not leadership, and he has terminated some of the best reps for minor things. He has shown that he has very little regard for even those who dedicate themselves to high performance, if it doesn't fit his idea of how things should be. We very rarely had position openings because everyone loved working there, but I can guarantee the turnover rate is about to go through the roof. This company had so much potential, and I watched it get flushed down the drain.

Explore other reviews about SoFi

5.0
12 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Amazing culture, They love and treat there employees amazingly. realistic expectations for goals. Want and actually push employees to move up and gain more experiences

Cons

Depending on your manager you’ll love or hate your job due to how they treat you as an individual.

2.0
6 Jun 2026
Recommend
CEO approval
Business outlook

Pros

You are only required to work from the office 1 day of the week and the rest from home. The Benefit package is great. The company has free snacks, fruits and drinks at the office and it provides the employees with lunch at least once a month while at the office.

Cons

You are literately a modern day slave with low pay and a tone of work. After a few months you have to get upskilled (more work) without any additional compensation. You are constantly evaluated: First call resolution is huge, the goal is for the member not to have to call back in at least a week. The company wants the call to last less than 5 minutes (or you get dinged). The company wants the members to respond to the surveys and if they don't it counts against you. if you go on chats, you will have to serve maneuver between two different once at the same time. You ONLY get a 30 minute lunch break and two 15 minute breaks. It is difficult to go to the restroom because while on the phones there is NO actual bathroom disposition and so you will get dinged and if it takes you longer than 5 minutes you get a message from intrudium informing you that you are out of adherence. The technology is the worse I have ever had to work with. It uses a program called Zscaler that is constantly disconnecting and when it does, it interrupts all of the other programs that are required to work with, in which case you have to inform WFM that you are having tech issues either by telephone or by sending a Workflow and hope it gets approved. While in training you are informed that you will only get paid up to 1 hr while having a tech issue. Workflows are huge and used for everything, including if you are suppose to clock out for the day but you are still on a call and it makes you go over 5 minutes (or you get dinged). Putting in for PTO or Sick Time is also not easy either, it's all about the companies needs so, hopefully you will get approved or maybe not. H.R. is only there a bit while you are hired and of course if you are let go but other than that, not sure what they do because there is no real connection.

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