LendingTree Reviews

Pros

Casual work environment
Open door policy
Encouraged to share ideas - not just lip service
We work hard and play hard

Cons

Mortgage industry has been down, but things are looking up

Advice to Senior Management

Keep on doing what you do

Pros

- Great exchange of ideas
- Opinions are respected
- Feeling of accomplishment
- Free beer!

Cons

- Salary is a little low but they make up for it in benefits and working enviroment

Pros

CEO always has an open door and I firmly believe that taking the initiative is rewarded in terms of increased levels of responsibility. This allows someone to grow quite quickly and there is plenty of opportunity to lead a wide array of initiatives.

Cons

Flat organization offers little room for advancement.

Advice to Senior Management

Consistent reward structure that is measured quarterly and reported on at an individual level would further improve employee drive towards corporate goals. This should be measured in terms of a well known yearly plan. All those that execute against a plan are not necessarily those who create it, therefore the incentives of those solely executing need to mostly be tied to executing the plan regardless of the plans overall success.

Pros

Mid--sized company. Fast paced. Tangible site.

Cons

Bottom line. Personnel and Resources lacking due to cuts.

Advice to Senior Management

Set specific plans to achieve lofty performance goals

Pros

There are opportunities for growth if you're willing to work hard and take more responsibility. With discounted, on-site lunches, a casual atmosphere and a free on-site gym, it makes for a great work environment. It's clear that management cares about the employees.

Cons

There are frequent company-wide changes that can be hard to keep up with. However, there are a informative meetings where information is shared.

Pros

The co-workers are great. Willing to chip in whereever they feel they are needed.

Cons

Way too many politics lately and not enough concern regarding loosing good employees. Would rather spend the buck than save it and save jobs.

Advice to Senior Management

Look at other ways to cut expenses instead of job cuts. There are other ways out of a slump, you just have to be open minded enough to find them.

Pros

Lots of great benefits and incentives for employees.

Cons

Lots of pressure and turnover monthly.

Advice to Senior Management

Keep it fun and exciting.

Pros

Good work\life balance and decent benefits. Brand recognition to where you work. Possible rebound in 2012+ if economy improves. Creativity is valued.

Cons

Positions are stretched too thin in some areas. Depending on department don't expect much in professional development.

Advice to Senior Management

Too much talent has exited LendingTree along with its experienced, but average, upper management. Those remaining are either not capable or instill little confidence in their direction and decision making. Business best practices and planning are being ignored for the sake of any new technical trend or revenue stream. Way too much revenue has been wasted over seven years on a certain business model that has never returned a profit.

Pros

Flexible, opportunity to learn and experience online marketing with a strong and recognized brand. Depending on the role, decent work life balance. Good people over all.

Cons

Communication is weak, resources are extremely limited for IT projects. Compensation is definitely an issue. Mortgage business is very volatile in this market.

Advice to Senior Management

I think the biggest issue currently is the lack of communication for Sr. management to the organization on the true goals and directions of the company.

Pros

Lending Tree was an interesting enviornment to work. They are focused on company growth and efficiencies, at the expense of the team working there. On the fairness side, any level of employee or executive can be praised, promoted or let go dependant on the quarterly report.

Cons

Taking the call centers out of the equation, turnover is high with a strong reluctance to replace those that have left. Quarterly earnings reports usually meant some type of reduction in force. Communication is very poor due to, in my opinion, the internal politics that have business units in competition with each other for resources.

Advice to Senior Management

Open door policies mean you talk to someone if they come to you. Make an effort to go out to the employees at all levels and discuss the company, the goals and how you will measure those goals and how you will be accountable. Act on suggestions. Become a community leader.