Stearns Lending

www.stearnswholesale.com
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Stearns Lending Reviews

Updated February 5, 2015
Updated February 5, 2015
25 Reviews
2.9
25 Reviews
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Brian S. Hale
11 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    Delivery on back end was good in the beginning!

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

    I worked at Stearns Lending

    Pros

    Overall, good company. Need to stand by their employees and deliver or not act like approval is on the way.

    Cons

    Switching company dynamics from wholesale to retail was not fully thought or planned out. Growth sometimes has pains, this companies were very difficult.

    Advice to ManagementAdvice

    Don't over promise from the beginning and not deliver.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    A place to grow your career.

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

    I have been working at Stearns Lending full-time (more than a year)

    Pros

    Fast paced and growing company. Exectuive Leadership with actual origination experience and the ability to relate to the loan officer. The company is focused on the Loan Officer and providing them the necessary support in order to further increase their production. I enjoy working with our sales organization and the new challenges I encounter daily. It has provided me an opportunity to grow and learn. By far the best organization I have worked for in my career.

    Cons

    No cons at this time.

    Advice to ManagementAdvice

    Continue to enable employees to make decisions and grow professionally.

    Recommends
    Positive Outlook
  3.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Underwriter in Tampa, FL
    Former Employee - Senior Underwriter in Tampa, FL

    I worked at Stearns Lending full-time (more than a year)

    Pros

    Flexibility, I was able to work from home, as well as, in the office, when I desired.

    Cons

    Benefits are not the best and are expensive

    Advice to ManagementAdvice

    Don't hire so many people at once. Steady and intelligent growth will prevent the need for huge layoffs when the pipeline is low.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Great Company, Horrible branch management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Manager in Warwick, RI
    Former Employee - Account Manager in Warwick, RI

    I worked at Stearns Lending

    Pros

    The good thing about Stearns, is that they paid pretty well. As an Account Manager I was paid $42,995.. When a company has management like the Rhode Island office doea, they need to provide good salaries to try and retain thier employees.

    Cons

    1. The Branch Managers assitant, who likens herself to an Operations Manager, was nothing more that an assistant who has no business in a management role.

    2. They speak the words "we are flexible" but thier actions are completely opposite.

    3. There was no work-life balance, if you ever called in sick or had to leave for a sick child or the like; you were treated horribly by management.

    4. Coporte changed our job respnsabilities through a process called P.O.W.; process operational workflow. Basically they changed all of our jobs, the changes failed miserably, thern changed it again. Many of us were let go under a guise of another reason, and when I applied for unemployment insurance, they told the state I quit!! A total lie!!

    Advice to ManagementAdvice

    Don't hire your best friends who have no experience. Have integrity and don't lie!!!

    Doesn't Recommend
    Neutral Outlook
  6.  

    Underwriter

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

    I have been working at Stearns Lending full-time (less than a year)

    Pros

    All I can think of right now is that the salary is decent.

    Cons

    One of the most unprofessional companies I've ever been employed by. Corporate seems to only want to point fingers and doesn't focus on solutions which that attitude is then passed downward. They seem to be in over their heads. Too many chiefs not enough indians. Employees are not valued. It's a challenge to get help from any department including H.R.

    Advice to ManagementAdvice

    Live your own company moto "I can help" and realize your staff are human beings with lives and families outside of the work place. Instead look at how Stearns can be the best place to work and you'll attract the best people. Right now the best you have are treated, well, with disrespect. They are already setup to fail. Right now you don't have what it takes to keep them but you could. It will just take someone at the top who truly cares about the employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    I worked here for 4 years.

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

    I worked at Stearns Lending full-time (more than 3 years)

    Pros

    One of the stronger lenders with a good balance of products and decent pricing. Good support in areas of IT support and technology and guidelines.

    Cons

    Not everyone was provided the same level of support. Too many "special favor" employees who were given excellent support while others struggled to do their jobs and someone else's too.

    Advice to ManagementAdvice

    Be more consistent with processes, procedures and expectations at the branch level.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Production Assistant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Production Assistant in Irvine, CA
    Current Employee - Production Assistant in Irvine, CA

    I have been working at Stearns Lending full-time (more than a year)

    Pros

    You get a monthly bonus off production.

    Cons

    I worked for a branch of Stearns and management was ran differently than corporate. My branch managers lied to us all the time and they never followed through with promises.

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

    Will give you an opportunity with little experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Loan Officer in Santa Ana, CA
    Current Employee - Mortgage Loan Officer in Santa Ana, CA

    I have been working at Stearns Lending full-time (more than 3 years)

    Pros

    Work/Life Balance, friendly coworkers, ease of talking to underwriters

    Cons

    Lack of training, management is weak

    Advice to ManagementAdvice

    stop hiring family/friends. And the good ol' boys club from countrywide

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Get out while the gettings good.... Too late

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

    I worked at Stearns Lending full-time

    Pros

    Good people on the ground level...

    Cons

    Management is totally unstructured and nepotistic ... They all come from BoA and have poor ethics towards people outside of their click. Not more than a used car saleman running the show. Sinking ship!!!

    Advice to ManagementAdvice

    Fire yourselves immediately!!!

    Doesn't Recommend
    Disapproves of CEO
  11. 2 people found this helpful  

    Senior closer. First three years AWESOME. After that, new management destroyed a good thing!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Closer in Oak Brook, IL
    Former Employee - Senior Closer in Oak Brook, IL

    I worked at Stearns Lending full-time (more than 3 years)

    Pros

    As stated , great company to work for. Corporate staff the best! Branch management, questionable! Enjoyed my time there, if only they would have questioned why so many employees from the original team did a mass exit?!

    Cons

    NEPOTISM! Hire people who are past co-workers and not really concerned about their qualifications.
    Came to Stearns in 2009. In that time it was a great company to work for. 2012 brought new management, forced the originals out and they tried to fix something that was not broke. Hired all their friends and made the original group of branch 49 feel like outsiders and this was the group of dedicated workers that put Stearns Lending on the map for the Midwest market.

    Advice to ManagementAdvice

    Sorry, can't turn back the hands if time!lost a lot of knowledgable, awesome dedicated employees.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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