Limbo State - Anonymous employee U.S. Financial Technology Employee Review
3.0
14 Aug 2021
Anonymous employee
Former employee
Recommend
CEO approval
Business outlook
Pros
Primarily a backoffice support company for GSEs, which it does seamlessly well with lots of good technical and business operational people. flexible work location options, decent pay and benefits.
Ambitious plans to be a separate company which is stuck in GSE conservatorship bureaucracies.
Cons
Ambitious future plans are in limbo with no revenue, no other capital infusion option besides the GSE. Struggling for the right talent and product to take the company beyond a back-office operation.
U.S. Financial Technology Response
4y
Thank you for those positive comments regarding CSS and our team. As you note, CSS is the operation that enables the success of the GSEs by creating liquidity that helps people across our country buy homes and refinance mortgages. We believe CSS has the capabilities to continue to contribute in very meaningful ways to the U.S. housing finance system and we are very optimistic about our future.
Thanks for your time with CSS and for your contributions,
Tony Renzi,
CEO, CSS
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If you like to switch around onto different teams, they love that and will support horizontal movement with the same pay. Lots of employee engagement opportunities even though it is remote.
Cons
Too much change going on with the FHFA getting too involved. Threatened to bring employees back to the office, then stayed remote again. People got laid off, and instead of hiring more people they just rotate people horizontally instead of promoting people vertically. The amount of projects and work keeps increasing but there is not enough staff to support it, ends up becoming a toxic environment of overworking. No pay boost either, just arbitrary work rewards to appreciate you.