Dovenmuehle Mortgage Reviews in Chicago, IL | Glassdoor

Dovenmuehle Mortgage Chicago Reviews

Updated November 13, 2017
94 reviews

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Chicago, IL Area

2.2
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William A. Mynatt
50 Ratings

94 Employee Reviews

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Pros
  • Entry level job gives opportunity for uneducated or inexperienced to land a job (in 5 reviews)

  • sarting point great people work for (in 5 reviews)

Cons
  • Upper management prefers the stick over the carrot (in 13 reviews)

  • No raises, not even cost of living (in 6 reviews)

More Pros and Cons

  1. "Lots of opportunity for growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Payroll in Lake Zurich, IL
    Former Employee - Payroll in Lake Zurich, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Dovenmuehle Mortgage full-time (More than a year)

    Pros

    They are growing so fast that there is a lot of opportunity for growth

    Cons

    They are growing so fast that at times management struggles to keep up

    Advice to Management

    Try to plan ahead instead of only dealing with issues as they arise


  2. "Good Place to Start"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Systems in Lake Zurich, IL
    Former Employee - Systems in Lake Zurich, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Dovenmuehle Mortgage (More than 5 years)

    Pros

    Ability to learn multiple different areas of the mortgage servicing business.

    Cons

    No growth opportunity and a high level of favoritism within multiple departments.
    Lots of great employees get passed up for raises because they are to good at what they do.

    Advice to Management

    Provide more growth opportunities for hardworking employees. Review your management through their employees. You'd be surprised at what most of the employees will say about their management.

  3. "Sr Default Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Default Analyst in Lake Zurich, IL
    Former Employee - Default Analyst in Lake Zurich, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Dovenmuehle Mortgage full-time (Less than a year)

    Pros

    People are nice, supervisors to

    Cons

    There are almost no room for improvement


  4. Helpful (2)

    "If you want to move up in your job, this is not the place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Lake Zurich, IL
    Current Employee - Anonymous Employee in Lake Zurich, IL
    Doesn't Recommend
    No opinion of CEO

    I have been working at Dovenmuehle Mortgage full-time

    Pros

    Generally nice co-workers. Nice location.

    Cons

    No raises, not even cost of living. Certainly no bonuses. Upper management prefers the stick over the carrot. Compensation is rather poor. Health care is rather expensive.

    Advice to Management

    Treat employees better.


  5. "A Beginning to get into and How Mortgage loans work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vip Coordinator in Elgin, IL
    Current Employee - Vip Coordinator in Elgin, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Dovenmuehle Mortgage full-time (More than 3 years)

    Pros

    Mon-Friday Operation and Co Workers
    A Great start to get into Mortgage Loans, Becoming a Loan Officer, Insurance Agent, or working to further your Customer Service Goals.

    Cons

    You are Just a # , Lied to by management, Management has no understanding how customer service should Operate, no communication or team meetings, you are expected to read emails with back to back calls. very low to no Morale

    Advice to Management

    Negativity needs to be adjusted to positivity


  6. Helpful (2)

    "staff writer"

    StarStarStarStarStar
    Former Employee - Staff Writer in Lake Zurich, IL
    Former Employee - Staff Writer in Lake Zurich, IL

    I worked at Dovenmuehle Mortgage full-time (More than a year)

    Pros

    cant really think of any

    Cons

    micro managed, constantly getting audited

    Advice to Management

    learn to believe in your employees abilities of what they were hired to do


  7. "collections counselor"

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

    I worked at Dovenmuehle Mortgage part-time (More than a year)

    Pros

    nice co-workers, training fair, as a part time employee they were very flexible

    Cons

    not the best communication done, pay was low

  8. Helpful (1)

    "Below Average"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Disposition in Lake Zurich, IL
    Current Employee - Mortgage Disposition in Lake Zurich, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Hard working colleagues
    Nice Location
    Work hours are a plus. typical 8-5

    Cons

    Health insurance is ridiculously expensive. I suggest you as to look at the plans before accepting your job offer. They do not reveal the costs until your first day of orientation.

    The company lacks proper training. They put you to train with senior staff that might not be teaching you the most up to date procedures. Eventually you get penalized. Management mainly is concerned on covering their tail.

    Extremely high turnover rate. There is a group of new hires each week, which means that is a whole group that left the company!

    Low pay and promotions are given based on how is the cheapest bid not the most capacitated.

    Advice to Management

    Listen to your staff. Have a genuine concern for their work issues. Emphasize on improving training for new staff.


  9. Helpful (1)

    "Escrow analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Elgin, IL
    Current Employee - Anonymous Employee in Elgin, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Dovenmuehle Mortgage full-time (More than 5 years)

    Pros

    The only good thing I have to say is that it is a paycheck small byt nevertheless a paycheck.

    Cons

    They put u to work other positions besides you own for no extra pay. If u get a raise they are pennies but an annual raise is not always given.

    Advice to Management

    Treat ur employees better and give higher raises well raises in general. Chill out...


  10. Helpful (2)

    "BEWARE"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Lake Zurich, IL
    Current Employee - Anonymous Employee in Lake Zurich, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Dovenmuehle Mortgage full-time (More than 5 years)

    Pros

    There are no pros to this company

    Cons

    They do not care about their employees. There has been over a 75% turnover rate in the last five years. Senior management only looks out for themselves. Management themselves only look to blame others for their errors. Low man on the ladder gets the axe for errors made by management.


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