Altisource Labs

  www.altisourcelabs.com
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Altisource Labs Reviews

Updated August 7, 2014
Updated August 7, 2014
16 Reviews

3.5
16 Reviews
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Mark Hynes
8 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    Great opportunity as a contract position

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Template Programmer  in  Boston, MA
    Former Employee - Template Programmer in Boston, MA

    Pros

    Opportunity as a contractor to develop personal skills was tremendous. Great emphasis on teamwork, as well.

    Cons

    Training could have been more structured, but was reasonable.

    Recommends
    Positive Outlook
  2. 1 person found this helpful  

    Meh.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

    Pros

    Very smart coworkers, lots of money to play with. Challenging problems and room for creative thinking and solutions. Decent pay.

    Cons

    Better negotiate your salary and title because it is NEVER changing.
    The recruiting team is the adult equivalent of "Mean Girls", doing whatever they want with no regard to other employees with whom they share office resources. Management is reactive, changing direction and priority constantly which leaves engineering in chaos. Not a real startup at all even though they keep trying to sell it that way. No flexibility with work schedule, stuffy, uptight leadership team from HBS...no real technology leaders. Benefits are pretty weak.

    Advice to ManagementAdvice

    Hire some people who know how to lead a software company successfully.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    A good learning experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern
    Current Employee - Intern

    Pros

    Good pay. Get to work with some very smart and capable people. Interns were given a number of educational presentations and taken out on social outings. It's a nice office space with a lot of food always around.

    Cons

    Stop marketing yourself as a startup. You're not. Very corporate atmosphere.
    Very high overturn rate seems to make establishing a workplace culture difficult. Many seem to use the Labs just as a leap pad.
    I can't speak for myself but many interns seemed to have poorly defined projects, resulting in a lot of wasted/under utilized time.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Too many liars & bullies at the top

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Boston, MA
    Former Employee - Anonymous Employee in Boston, MA

    Pros

    Employees are smart and have great work ethics; Salary is competitive; This is an environment that will really test your character

    Cons

    Sell themselves as an innovative startup but that's to draw in talent; benefits are not competitive - company is cheap (E.g. you don't get 401k in 1st year but there is a good chance that you won't last that long (>30% attrition), medical benefits are not competitive in the Boston area, etc.); work-life balance is nonexistent for most; poor communication from management; questionable business relationship with their parent company; company culture is a joke

    Advice to ManagementAdvice

    Change needs to come from the top; value your employee's ideas; treat people with respect; stop the cycle of micromanaging every detail and every person

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 7 people found this helpful  

    Lots of promises an equal number of disappointments

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    They feed you pretty well. Starting salaries are above average

    Cons

    Starting salaries are above average so they can convince people to work here. No promotions or raises unless you threaten to quit. Upper management is all theory and no execution. Promises are routinely made and then forgotten about. The turnover here is probably 80% every 2 years. The positive reviews for this company on this site are plants from the HR/Recruiters.

    Advice to ManagementAdvice

    Quit pretending to be something you are not. You are not a cutting edge start up. You are a giant corporation where 95% of your workers are in India. Quit hiring people based on what college they went to and find some people that actually delivered things in real life. Quit hiring VP's who have no role and no one reporting to them

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 6 people found this helpful  

    Throwing money at problems with no management direction

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Atlanta, GA
    Current Employee - Anonymous Employee in Atlanta, GA

    Pros

    They pay very well and only hire very bright people. The company is cash rich and can spend when they need to.

    Cons

    Upper management has prestigious degrees and very little practical experience. They try to fake it but after a short period of time you realize they have no clue what they are doing. They expect the staff to work long hours but there is no strategy for what people are working on and a lot of work is thrown away.

    Advice to ManagementAdvice

    Need to hire people with experience not just great book learning. Need to really care about the staff and treat them better than slave labor.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Quit your other job. Work here.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

    Pros

    The growth around here really is incredible. Growth naturally opens holes in any organization, but anyone here can fill take some ownership and plug the holes, which is part of why this place is so exciting and has such tremendous career opportunities.

    The products and companies we are building here are going to revolutionize the industry. The mortgage industry is highly regulated and sits on archaic software, which takes a lot of capital, a multi-year timeline, and a reputable beta customer to disrupt. Very difficult to do as a stand-alone start-up, but those ingredients exist here.

    Killer instinct. Most people here have it, and it is contagious. Most employees are "always on", and never stop driving.

    Brilliant, historically successful management.

    Cons

    Altisource Labs falls within the larger Altisource org, and not everyone in the rest of the org has the same inherent drive, so simple cross-org tasks can take a long time.

    Lack of domain knowledge: Lots of smart software professionals. Not many mortgage professionals.

    Advice to ManagementAdvice

    Focus. Value is only added when projects are completed, not when they are started.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    All a buzz in Boston!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

    Pros

    Startup environment, resources, less riskier than many other startups due to parent company. Right in Boston. Progressive thinkers. Fun events, the people here are really what make my days at work so good. I love my team...smart people!

    Cons

    Growing so fast, we are outgrowing our own office space. People are spread out, but excited we will have a brand new office soon.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    A new approach to corporate innovation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

    Pros

    Big upside, proven history of spin-out success, a methodology for only hiring the "best and brightest"

    Cons

    Innovation requires change. Not everyone likes change/change is hard.

    Advice to ManagementAdvice

    Fail fast/fail often.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Tremendous opportunity to make a huge impact

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

    Pros

    The Labs are growing tremendously -- there is so much work to do and you have the ability to work independently and create immediate value. I have been able to work with the most senior people in the office and have benefited from their guidance while impacting the growth of the firm.

    Cons

    The firm is growing very quickly and there is not always clear direction or guidance. It can be difficult to navigate and you need to be able to make decisions without immediately knowing if they are the right ones.

    Advice to ManagementAdvice

    Leave behind some of the antiquated ways of the parent company. Provide ongoing training to current employees as new business units and senior leaders are created/hired.

    Recommends
    Positive Outlook
    Approves of CEO

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