LendingTree Reviews

Former Employee – worked at LendingTree

Pros – Flexibility, great people to work with, and fun environment

Cons – The CEO, Doug Lebda, who was kicked out of IAC is an incompetent idiot and has unrealistic expectations of employees, the CEO micro-manages too much and does not pay attention to higher level issues which is part fo the reason the company is dfoing bad, the compentsation and benefits have gotten worse as everything seems to be taken away from employees with all of the financial issues, employees are not appreciated, there is a great fear of getting laid off, there are certain people that are the "favorites" and get everything when everyone else who does the work gets nothing

Advice to Senior Management – Need to get a new CEO, need to care about the employees, need to provide better rewards, need to care about what people are getting done and not just recognize the people that stay late at work, need to provide stability, and need to have better management of people.

Current Employee – been working at LendingTree

Pros – Location. Talent of coworkers. Flexibile schedule.

Cons – Unrealistic expectation of senior management. They're wanting people to put in dot.com startup-type hours, but not giving any incentive to do so. There are plenty of local jobs, so you have to offer more than a regular paycheck to get more than regular effort. We see how much stock they (senior management) are getting, and how little (or none, in most cases) that we are getting.

The environment is loud. We have an "open office" so there is no way to focus. That may work for sales, but not so much for work that requires concentration.

Advice to Senior Management – Don't expect people to kill themselves to enrich you, unless you also plan to enrich them. It just won't happen.

Current Employee – been working at LendingTree

Pros – resume builder, great brand image

Cons – difficult market where the only solution to bottom line seems to be staff downsizing. No rewards for increased responsibilities. Perception that only upper management is capable of making important decisions.

Advice to Senior Management – Share more responsibility and reward for responsibility

Former Employee – worked at LendingTree

Pros – Fast money during fast times. People were working a ton of hours during the housing boom and the parking lots were full of nice shiny cars. Everyone worked really hard to make the company as much money as it could and helped them save where they could during the downturn. There was great company spirit when Anthony Hsieh was CEO and the fast paced growth was insane and fun to be a part of. They have the best marketing and best leads in the industry for the mortgage bankers. They had a lot of potential if it hadn't been time to cash out.

Cons – Greed is everywhere from the executive management down to the middle managers. Plenty of corporate politics and BS.

Advice to Senior Management – Too late now as the company is busted by the bear market but back in 2006 there were too many employees that were 'there from the beginning' that were incompetent at leading a company that was growing @ 40 heads a week.

No, I would not recommend this company to a friend

Current Employee – been working at LendingTree

Pros – I initially came to LendingTree because of the opportunity, compensation, and level of excitement. That was several years back. If I were standing at the reception desk waiting on my interview, I would run out the door. The culture of fun, hard work, great rewards, and motivated staff has turned into a culture of fear, unbalanced work (some have too much others are bored), no rewards (no raises in 2 years and bonus / stock is a mystery). Only a select few and many of those resigned enjoyed any financial rewards in the last year. The magic that is left ,resides in a few employees and it is great to work with them.

Cons – Attrition. Mortgage meltdown 2007-200x.
Executive replacement excessive with 2 CEOs ,3 Presidents , n SVP resigned in < 14 months.
No vision on where we are going next.

Advice to Senior Management – Listen, Listen, Listen, Listen.
Solicit and listen to employees, not just the same select few. We have problems that can be solved with clear and open communication. Four rounds of layoffs is killing the tree. The fifth which is surely coming in the next few months will shake even more talented employees out.

No, I would not recommend this company to a friend