Leader Bank

  www.leaderbank.com
  www.leaderbank.com

Leader Bank Reviews

8 Reviews
3.0
8 Reviews
Rating Trends

Recommend to a friend
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Sushil K. Tuli
5 Ratings

Employee Reviews

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  1.  

    Satisfactory

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

    I worked at Leader Bank full-time (more than an year)

    Pros

    I spent a few years at Leader and had a relatively positive experience, but as with any job it is what you make it. If you can manage to work at the lock-desk (secondary market ops), commercial lending, accounting, or as an underwriter you can learn a lot about the mortgage banking industry. I would try to stay away from loan servicing – from there you will only move laterally both in and outside the firm.

    Pros – Small bank, friendly colleagues. Occasional exposure to challenging projects after you have put in your time.

    Cons

    Cons – Small bank, low compensation/benefits/expense reimbursement. Very traditional workplace environment. Little on-job training and career development.

    Advice to ManagementAdvice

    Advice to management: Take the time to train your staff on the bigger picture. Organize meetings, information sessions and encourage cross-training across the firm.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2.  

    Mortgage Underwriter

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

    I have been working at Leader Bank full-time

    Pros

    My fellow employees are great, they are supportive & help where they can

    Cons

    Management straight out of college with no experience in the industry

    Advice to ManagementAdvice

    Ask operations for help on smoothing out the loan process

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Not Best Place to Work For, Best People to Work With

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

    I worked at Leader Bank full-time (more than an year)

    Pros

    I worked at Leader Bank for more than 1 year. In 1 years time i would say that the only thing that kept me here was the wonderful people that i worked with. Each and everyone of them was more than eager to help, because there is NO training program. You get taught nothing, and thrown in. Sink or float, your choice. Your hardest is never enough, and your best performance is never rewarded. You have to be on point 99.99% of the time. No one ever rewards you for exceeding expectations, but make one mistake and all fingers point to you.

    Cons

    One of the reasons I would not recommend working here is the fact that there is 0 employee appreciation. Upper level management do not take the time to get know their employees. Decisions making is all based on favoritism and not based on hard-work and intelligence. I saw some of the brightest most driven employees, not being utilized never the less rewarded for their hard work. This bank has highly skilled and hard working individuals who take the experience and run. Pay is mediocre at best. Management has no idea how to allocate resources and utilize talent. Such a waste, as this company can be so much better than it. I came in with hopes of working for one of the Best Places to work for. Expect to wear numerous hats and shuffled around like a chess piece, you never know what role you'll be in next!

    Advice to ManagementAdvice

    Commend and appreciate your employees. It is a small organization. Upper management should take the time to get to know their employees, treat them with respect. One of the most demanding small businesses i have ever seen. I've worked with top notch companies. Appreciate your employees and reward them for hard work, because there's not enough of it at this bank.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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  5.  

    A positive and enjoyable learning experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mortgage Loan Setup/Processor in Needham, MA
    Former Employee - Mortgage Loan Setup/Processor in Needham, MA

    I worked at Leader Bank full-time (more than an year)

    Pros

    Great team of people to work for
    Best Branch VP's that I've ever worked for
    Fun

    Cons

    At times Drama and gossip
    Employee's not always willing to train and explain new projects
    Not enough growth within the company.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Good People. Frustrating Experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mortgage Loan Setup/Processor in Arlington, MA
    Former Employee - Mortgage Loan Setup/Processor in Arlington, MA

    I worked at Leader Bank full-time (more than an year)

    Pros

    Management is always willing to help and train. You are given a lot of freedom in how to get your work done. Nice extras like a free breakfast on Fridays, lots of mini celebrations through out the year.

    Cons

    Moving from contract work to full time position can be frustrating. Hearing nothing but praise, but still being left out in the cold is disheartening. Work distribution can be very uneven at times. Wage increases seem hard to come by, and modest at best. Can switch job duties, gain more responsibilities, with no increase in wage. Overtime is basically required.

    Advice to ManagementAdvice

    Reward your hard workers with more opportunity for promotions and wage increases. It's frustrating to gain additional responsibilities, with no additional wages. Proper value doesn't seem to be given for work.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Lots of potential, too much micromanaging

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

    I worked at Leader Bank full-time (more than an year)

    Pros

    Growing business, managers who are very knowledgeable and capable, always busy, most non-management employees are very personable

    Cons

    low pay compared to market, overworked with little fringe benefits or compensation, too much micromanagement, managers can play favorites

    Advice to ManagementAdvice

    Increase pay to line level employees and benefits for working overtime. Senior management needs to convey to employees that they are doing a good job.

    Doesn't Recommend
    Positive Outlook
  8.  

    Good experience working with a smaller community bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Teller in Arlington, MA
    Current Employee - Teller in Arlington, MA

    I have been working at Leader Bank

    Pros

    You are able to work with some of the best and most experienced people in banking. You really get to know your customers and can cater to their needs with less red tape. Over all our customers seem very happy.

    Cons

    Because the bank is so small they don't have a training program for employees who are new to banking. Also, they always seem to be short staffed.

    Advice to ManagementAdvice

    I think employees of Leader Bank would appreciate more of an effort on behalf of management to communticate the banks progress.

  9.  

    top 5 places to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate in Arlington, MA
    Current Employee - Associate in Arlington, MA

    I have been working at Leader Bank

    Pros

    people sre great and very friendly atmosphere to work in.

    Cons

    Lots of work . Working crazy hours .

    Advice to ManagementAdvice

    none

    Recommends

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