Accredited Home Lenders Reviews

Pros

The employees and managers were all very knowledgeable and experienced, and were able to share their knowledge effectively. Even though everyone was laid off, they gave a great severance package that gave the employees the ability to have income while they were searching for new employement

Cons

They needed better communication with their employees during the times in which the employees were wondering about what direction the company is going to take, especially after an initial round of employees were laid off.

Pros

People are very friendly and very close to home.

Cons

Housing market is down therefore, no loans being created, income is down.

Advice to Senior Management

Keep on trying

Pros

Good balance between work and family life. Not asked to work extra hours very often. Medical benefits are pretty good.

Cons

Training was horrible. Turn over rate is extremely high. Predatory lender, do not offer best deal to customers. Ethis for company should be in question.

Advice to Senior Management

n/a

Pros

At the very least the commute was easy. I really have no good things to say about the company...It sucked!

Cons

management was horrible and had no respect for employees. There were managers that did not care about college students that wnted to learn about the industry

Advice to Senior Management

allow employees the ability to grow and expand. learn how to communicate with employees across the board, as they are a valuable asset to the company

Pros

When the market was good, the pay was great.

Cons

Very little relevant advancement. Not the kind of place where you can pick up lasting career skills. Job is only marginally respectable

Advice to Senior Management

In this economy, close up shop. I was a little disappointed when the company appeared to try and grow into a downturn in 2007. Hiring when the market was shaky ultimately cost a lot of people their jobs. Around December of 2006, I knew the market was going to be completely destroyed, but management kept hiring and trying to grow. Instead, they should have attempted to radically change the product line.

Pros

They provided a variety of retail sales leads, but unfortunately they were distributed only to favored salespeople. The processing staff was very friendly and helpful. Loans were funded quickly, once all the conditions were fulfilled. Encouraged relationships with realtors, but didn't provide support to establish these relationships. Overall, a crummy place.

Cons

Tendency to bend underwriting rules, "Boiler Room" atmosphere to close deals. Not very picky with hiring, they brought on former car salesmen and people looking to "hard sell". Commission structure was lacking. Managers were often disrespectful and misused company resources for their own entertainment. Sometimes inappropriate work environment.

Advice to Senior Management

Start fresh! Hire all new sales managers that are willing to follow underwriting guidelines.

Pros

The prior senoir management was the only good thing about this company. Now that Joe Lydon is gone so is the positive Accredited culture.

Cons

They laid off the Accredited employees and replaced them with Stearn Mtg employees.

Advice to Senior Management

Bad move on senior management changes. Looks like a case of revenge from Lone Star.

Pros

Good colleagues and supportive management

Cons

Compensation is not even close to being competitive with comparable roles elsewhere

Advice to Senior Management

Provide more information to employees about future business direction and plans, especially given most recent executive changes. Communication from the new executive team has been abysmal. Employees have received some updates through the media before hearing them from management.

Pros

Exposure to mortgage business opened opportunities at other companies.

Cons

Middle management failed to take into account solid recommendations of programmers
Fraud in manipulating credit scores in order to make more mortgages. Database remained open to manipulation.

Advice to Senior Management

Senior management needs to cut some of the dead wood middle managers that tread heavily on the rank and file employees, which leads to poor morale

Pros

I cannot think of anything positive to say. I brought many good ideas to my manager and I was constantly shot down and told to just do my job.

Cons

The management is very unprofessional and breaks many of the employment laws.
There was a lot of sexual harassment going on. When reported, nothing was done. There is a lot of retaliation when you bring matters to HR.

Advice to Senior Management

I think HR should take a harder look at matter when brough to the attention of Human Resources.
Too many of the upper managers were friends and brushed everything under the rug. There was no one to go to.