Supreme Lending Reviews

Updated February 21, 2015
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3.7
16 Reviews
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Recommend to a friend
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Scott Everett
9 Ratings

Employee Reviews

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  1. Mortgage Banker

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Supreme Lending

    Pros

    Fun, Good People, Easy access,

    Cons

    Room for growth, IT problems

  2. Helpful (1)

    Wrong Path

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

    I worked at Supreme Lending full-time

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The company headquarters has an onsite workout facility, ping pong table, and pool table. There is also an annual golf tournament and awards banquet. Pay is competitive.

    Cons

    Supreme Lending is a small company that, in my opinion, is heading down the wrong path. Rather than use an industry-standard Loan Origination System (Encompass by Ellie Mae), the company is replacing it with software used by only a couple other mortgage lenders. To fill the gaps, offshore programmers customize the source code to fit exactly what the CEO (who, make no mistake about it, really runs Supreme) wants.

    As an employee or future employee, one of the risks to you is that anyone new to the company (but not necessarily new to the mortgage industry) will almost certainly require more training than usual on a proprietary software product. Every new employee will have to deal with the learning curve, which will likely impact you too. Then if you move on to another mortgage lender, you will likely have to learn/relearn software and will certainly not be able to interview and respond that you are familiar with their software system.

    Another risk is that the mortgage industry is subject to regulatory changes that often impacts the software. While a larger company can more easily absorb those changes as they pay people to monitor and react, and they can spread the costs over a large customer base, Supreme will not be in as good a position to do that. Rather, they will have to either do it in-house (that is, with the offshore developers) or retrofit the changes from the very small software company they purchased the source code from (and since they are customizing it, that will not likely be easy). Unless the upfront Cost-Benefit is fantastic, the long term challenges will be the expenses for those efforts will have to come from somewhere (e.g. higher lending rates, paychecks, cutbacks in facilities/perks, or some combination thereof).

    Overall, the employees at Supreme are good people; but the company culture feels awkward, and you feel like you have to either "tattle" on colleagues, or "agree" with disparaging remarks about others when they aren't around. The company would do itself a favor by hiring some management consultants to come in and help with the organizational behavior environment. Until that happens, I'd be careful about working here and would explore other options if you have them.

    Advice to Management

    The C-Suite is mostly comprised of very good, competent people, but you if you take a careful look at your situation, you have to ask yourself if you have real organizational authority, or if you are more or less a puppet executing the will of the CEO who is answerable to nobody else (not even a board of directors/shareholders). Take your title, knowledge and experience and move on. In the end, your career would be well-served and you could look yourself in the mirror knowing you aren't playing the game of making the CEO happy, no matter the cost. Whatever you do, disassociate yourself with the CEO's management style.

  3. Solid company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Loan Officer in Addison, TX
    Former Employee - Senior Loan Officer in Addison, TX

    I worked at Supreme Lending

    Pros

    Great people and great processes
    Excellent corporate culture

    Cons

    Mortgage originations is never a steady industry

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  5. Great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    Current Employee - Anonymous Employee in Austin, TX
    Current Employee - Anonymous Employee in Austin, TX

    I have been working at Supreme Lending full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Support staff is 2nd to none here..This is where "real" Loan Officers thrive

    Cons

    Can't really think of any..they are very proactive.

    Advice to Management

    Keep doing what your doing and don't allow the culture to change.

  6. Awesome !!!

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Working in a branch was a great experience. Denver Branch Manager was incredible and one of the few mortgage people with whom I have worked that I can still call a friend. Processor were top notch. Closing department was phenomenal. Post closing was excellent at letting you know if your loan had any issues. QC was incredible at providing a second set of eyes for underwriting. Excellent training for new products. As part of the condo and jumbo team, management was always accessible for questions. Bonus program was excellent. Scenario desk was one of the most knowledgeable people with whom I ever worked, and I respected her immensely.

    Cons

    Low salary (but compensated by great bonus program), costly health insurance.

    Advice to Management

    Provide better on boarding experience with more training emphasis on systems.

  7. Loan Officer

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

    I worked at Supreme Lending

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    Very easy originating/processing system. Technical systems were very good

    Cons

    Rates were too high. Could not compete with over 75% of the local lenders

    Advice to Management

    Analyze market more carefully and make rate adjustments for each area

  8. Helpful (1)

    BAD!! , Managment team says what ever it takes to get you on, then springs high rates on you.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Loan Originator in Dallas, TX
    Current Employee - Senior Loan Originator in Dallas, TX

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Approves loans others wont, maybe a COn after this gets out!

    Cons

    Mico maagment, rates go up and and down on wims, CEO cant be trusted. when its time to leave the company, managment makes it AS HARD as possible to leave. Abusive mentality, but all along they say, :dont worry, trust us" if you leave, be ready! If I were a Lo, a manager or had a gropu considering Supreme Lending, I would find some previous employees and talk to them. Check it out BEFORE you go there.

    Advice to Management

    Be Honest! Don't say what ever you have to get people aboard and then change the rules of the game.

  9. Helpful (1)

    Not a pleasant work environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Processor in Chicago, IL
    Former Employee - Loan Processor in Chicago, IL

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

    Pros

    Dress code was very informal.

    Cons

    Numerous. Too many levels of managment. Poor communication between home office and satellite offices.

  10. Great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Officer in Denver, CO
    Current Employee - Loan Officer in Denver, CO

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

    Negative Outlook
    Approves of CEO
    Negative Outlook
    Approves of CEO

    Pros

    Great place to work, benefits, great coworker, Dale at the Denver office is one of the best boss to work for.

    Cons

    No base, needs to more of house hold name, needs a coffee machine, 40k base would make this place a fantastic place of employment

    Advice to Management

    Give a base

  11. Great position for sales training

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Officer in Denver, CO
    Former Employee - Loan Officer in Denver, CO

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Unlimited compensation - you can make as much as you are willing to earn

    Cons

    100% commission
    May need to work very long hours

    Advice to Management

    Create better avenues for loan officers to connect with realtors

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