Megastar Financial Reviews

4.1

77% would recommend to a friend

(58 total reviews)

Anita Padilla-Fitzgerald

80% approve of CEO

79% positive business outlook

Megastar Financial has an employee rating of 4.1 out of 5 stars, based on 58 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Megastar Financial employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

58 reviews
1.0
18 Jan 2016

Disappointing leadership

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Location is great and other employees i worked with were pleasant.

Cons

Leadership was very poor. The CEO is very disrespectful and is very rude to her direct employees. If you are considering a position at Megastar and would directly be working with the CEO do not take it. You will be miserable and treated horribly.

1.0
20 Jan 2016

Executive Leadership

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Nice location, wonderful people, very committed mortgage officers.

Cons

Executive leadership is horrible. If you are allowed to express your opinion at any time you are often told to just stop talking in the middle of what your are saying. There is no collaboration at Megastar Financial. You are told to do things one way and in the way you are told to do it. Executive leadership is not looking for new fresh ideas. Hair on fire mentality with executive leadership.

1.0
15 Jun 2023

Cut throat

Recommend
CEO approval
Business outlook

Pros

I liked my department because of the people I worked with and for but the CEO decided to terminate almost everyone and then their workloads got carried on the remaining people which was extremely exhausting

Cons

CEO makes you believe that your position is safe but then Anita cuts 50% of her overhead. Even people that have been with the company for over 16 years. It's very sad. Also when you inherit more work, your salary does not go up. Also after cutting so many corners and talent and great people, she hires a CFO who earns almost 300k who is supposed to make a game plan for a mortgage company in the midddle of a mortgage nightmare. Can't imagine he's going to generate production in this environment at 300k a year.

avatar
Megastar Financial Response
1y
Thank you for your feedback. We understand the challenges the mortgage industry is facing, and we appreciate the hard work of our team during this tough time. The decision to reduce staff was made in collaboration with management, based on business volume and the ability to support positions. We carefully considered each employee’s performance and productivity before moving forward. These choices were difficult but necessary due to the industry's contraction. While some roles were impacted, we offered cross-training where possible. Over 95% of employees who have been with MegaStar for 4+ years elect to remain with the company, and we’re proud of those who have retired after 25 years of service. We regularly evaluate compensation to stay competitive. The CFO was hired for their specialized skills and experience. We thank you for your 4+ years of work and we wish you the best in your future endeavors.
Viewing 1 - 3 of 58 Reviews

Glassdoor has 59 Megastar Financial reviews submitted anonymously by Megastar Financial employees. Read employee reviews and ratings on Glassdoor to decide if Megastar Financial is right for you.