I’m not sure what this means. Getting a mortgage and a car loan was easy, a car loan approval took no time at all. Does working at FAANG speed this process up somehow?
That was not my experience - see my sister comment. Some companies advertise explicit perks to FAANG employees hoping to win their business, including things like waving fees. I don't know if they would have negotiated the rate down anyways but I was quoted at a better mortgage rate in part because of my employment.
Interesting. Different than my experience, but I was FAANG in Southern California, not the Bay Area.
We did have partners with all sorts of companies for discounts, so I would be surprised that there were discounts available, but it wasn’t like when you give your employee information when getting a loan they would do anything different. Now the travel perks were just being at FAANG we quite-nice and I miss those.
I’m not sure how it would, at least these days. Mortgage underwriting is, I gather, pretty formulaic now. There was a time where it was an advantage if the branch manager approved of you, but particularly after the last crash, banks started getting a bit worried about that approach.
At my FAANG company / Bank, in addition to just the paystubs being nice, it also did come with actual benefits including a lower rate on mortgage offers. I have no idea if they would extend them to anyone if pressed, but these kinds of offers tied to the company do exist.
