Stearns Lending

  www.stearnswholesale.com
  www.stearnswholesale.com

Stearns Lending Reviews

Updated October 24, 2014
Updated October 24, 2014
20 Reviews
3.0
20 Reviews
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Brian S. Hale
8 Ratings

Employee Reviews

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  1.  

    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
  2.  

    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 an 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
  3.  

    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
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  5.  

    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
  6. 1 person 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
  7.  

    Do your homework before jumping on board

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

    I worked at Stearns Lending full-time (less than an year)

    Pros

    Most of the people in the Operation Centers are friendly and good to work with. Pay is inline with what you'll see form others.

    Cons

    very hard on your brokers GFE's as compared to the competition. Regional managers have little say what happens in the Operation Centers. Not rolling out programs to be competitive in an ever changing lending environment. Training program for new hires was not well put together. Broker website is difficult for brokers to use and navigate when submitting loans.

    Advice to ManagementAdvice

    listen to your reps and what is going in the respective territories. Not all markets are the same.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Worst place I ever worked

    • 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

    Pros

    Pay, vacation.... Thats all I can think off at the moment

    Cons

    Benefits, Gossip, Leadership. Friends hire friends.

    Advice to ManagementAdvice

    Hire experience people!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    At last - a place where creative talent is respected

    • 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 as a contractor (more than an year)

    Pros

    Creative feedback is high quality. Briefing process is fast and accurate. Payment is fast, too.

    Cons

    Sometimes creative approvals bog down at high levels.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Easy Going, laid back Company.

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

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

    Pros

    Pay was awesome, Hours, casual dress, PTO, Remote Work Available

    Cons

    When Pipeline gets low, lay offs happen, and they start with the highest paid underwriters!

    Advice to ManagementAdvice

    Instead of laying off Hard workers, give them somethimg else to do with in the company until the pipeline replenishes.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Overall decent company

    Former Employee - Branch Manager in Pittsburgh, PA
    Former Employee - Branch Manager in Pittsburgh, PA

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

    Pros

    Management was good but in transition when I left.

    Cons

    very conservative with marketing for individual branches

    Advice to ManagementAdvice

    stay compliant with marketing but let the branches use services that work in today's market

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