Lender Processing Services

www.lpsvcs.com

Lender Processing Services Reviews in Mendota Heights, Dakota, MN

173 Reviews
2.8
173 Reviews
Rating Trends

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Approve of CEO
Lender Processing Services President & CEO Hugh Harris
Hugh Harris
66 Ratings

Review Highlights

Pros
  • Great co-workers, most are very competent (in 5 reviews)

  • Good pay, good hours, good people in some offices (in 7 reviews)


Cons
  • No raises, no annual reviews, no 401k match, hostile work environment (in 13 reviews)

  • Way too much gossip/lack of communication by management (in 5 reviews)

More Highlights

8 Employee Reviews Back to all reviews

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  1.  

    Much to do about nothing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Foreclosure Attorney Liaison in Mendota Heights, Dakota, MN
    Current Employee - Foreclosure Attorney Liaison in Mendota Heights, Dakota, MN

    I have been working at Lender Processing Services full-time (more than a year)

    Pros

    Gained relevant mortgage and office experience

    Cons

    Long periods of idle time (weeks to months) waiting for procedural changes.

  2. 1 person found this helpful  

    Good place to work if you're an executive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in Mendota Heights, Dakota, MN
    Current Employee - Associate in Mendota Heights, Dakota, MN

    I have been working at Lender Processing Services full-time (more than 5 years)

    Pros

    You can work from home
    Insurance is good
    Coffee is free

    Cons

    They ask you to come in to the office when it's almost impossible to get there
    Insurance premiums keep going up
    You have to bring your own coffee cup
    No raises
    No chance for advancement

    Advice to ManagementAdvice

    Look at how miserable your lowest-rung workers are. No wonder you get bad press.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Too much favoritism

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in Mendota Heights, Dakota, MN
    Former Employee - Manager in Mendota Heights, Dakota, MN

    I worked at Lender Processing Services full-time (more than 8 years)

    Pros

    Interesting work
    Great co-workers
    Good location
    They gave employees severence pay in recent lay off. Not many companies do that these days.

    Cons

    Advancement opportunities depend on who likes you. There is too much favoritism and many 'cliques'. Mangment gossips and talks about each other.

    Little job security. People who worked hard and were loyal to the company during a recent business model transition were subsequently laid off.

    Low wages and no increases. People went years without raises. Bonuses, health care, time off and benefits are often cut.

    No ongoing training and development of managment teams.

    Advice to ManagementAdvice

    Work with your supervisors and mangers to give them ongoing training and support. Don't just promote people, then throw them into the deep end to see if they can swim.

    Value your employees and demonstrate that value by paying them better and offering more job security. The company used to focus on promoting from within and recognizing long-term employees. Return to that model. Get rid of the 'treat every day like it's a job interview' mentality. That creates stress and back stabbing in the workplace.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Things are a changing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Mendota Heights, Dakota, MN
    Former Employee - Anonymous Employee in Mendota Heights, Dakota, MN

    I worked at Lender Processing Services full-time (more than 3 years)

    Pros

    co-Workers are nice. Hours somewhat flexible.

    Cons

    No telecomuting. ESPP and 401K matching are NO longer (though that is not what posted on the website. Healthcare benefits poor. TimeOff limited to 2 weeks. Frozen wages. Yearly performance appraisals to be given in Jan-Feb given in April-May (but with no pay increases... whats the point). I hear of people there for years with less than 3%/year salary increase. People leaving in droves.

    Advice to ManagementAdvice

    I know you are getting the company ready for sale -- but at whose expense?

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    It used to be really fun...but things have changed!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Supervisor in Mendota Heights, Dakota, MN
    Former Employee - Operations Supervisor in Mendota Heights, Dakota, MN

    I worked at Lender Processing Services full-time (more than 8 years)

    Pros

    The non-management employees - There were some really cool people that worked there. Until they laid them all off.
    Easy work.

    Cons

    Low Pay, Benefits - Especially the health insurance!, Managers and AVP play favorites - If you are not one of the favorites, you are nothing there.

    Advice to ManagementAdvice

    Clean house with the AVPs and Managers. Don't let them micromanage so much. You cannot expect supervisors to do good jobs when their managers and AVPs shoot down every idea they have! Bring back the good benefits...a happy employee is a productive employee. Quit hiding and lying to people...people are not stupid. You say that you are done with layoffs...then 2 weeks later, you layoff another huge group. Way to keep up employee morale!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Great Company, expanding, Excellent pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Bankruptcy Specialist in Mendota Heights, Dakota, MN
    Current Employee - Bankruptcy Specialist in Mendota Heights, Dakota, MN

    I have been working at Lender Processing Services part-time (more than a year)

    Pros

    Easy going atmosphere; Work is challenging but rewarding. Management is very informative and helpful. Company is expanding due to the work load. Values match with everyday people and are present in every workplace

    Cons

    Odd hours for certain jobs. As bankruptcy handlers work can be a little depressing.

    Advice to ManagementAdvice

    Try to be more accommodating to employees wishes.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    It was a good entry-level job for recent college graduates.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in Mendota Heights, Dakota, MN
    Former Employee - Associate in Mendota Heights, Dakota, MN

    I worked at Lender Processing Services full-time (more than a year)

    Pros

    Regular schedule with comparable pay, bonuses, paid vacation and sick time, and a retirement plan with company-matched contributions. Also, this is an excellent job for someone who wishes to keep their work and personal lives separate.

    Cons

    Entry-level position is learned easily without much emphasis placed on employee development. My experience was that departmental management was rather top-heavy with a great deal of redundancy in managerial tasks.

    Advice to ManagementAdvice

    More resources should be focused on training new hires. Additionally, I do not feel as though input from loan-level employees is valued or evaluated when making decisions regarding software changes and updates.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Don't think, just click fast

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Operations Support Specialist in Mendota Heights, Dakota, MN
    Current Employee - Operations Support Specialist in Mendota Heights, Dakota, MN

    I have been working at Lender Processing Services

    Pros

    -mindless
    -great pay for the difficulty of the work
    -you can bring headphones
    -good people

    Cons

    -no salary raises
    -night shift
    -stuck at a desk
    -promotions are difficult to obtain

    Advice to ManagementAdvice

    give promotions to your best people to keep them! and give raises to people who have been there awhile and complete the more difficult tasks!

    Recommends
    Approves of CEO

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