LandAmerica Financial Group Reviews | Glassdoor

LandAmerica Financial Group Reviews

2 reviews

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1.0
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Joff Mitchell
1 Rating

2 Employee Reviews

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  1. "It was a Train Wreck"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Burbank, CA
    Former Employee - Anonymous Employee in Burbank, CA
    Disapproves of CEO

    I worked at LandAmerica Financial Group full-time (More than 3 years)

    Pros

    Plenty of happy talk while they were in business. Nice employee benefits.

    Cons

    The top management at this company went on an acquisition binge during the real estate bubble and financed it through debt. They didn't understand many of the companies they were buying and were frustrated to find that they didn't operate as their core title business. They went bankrupt because they invested the escrow funds of 1031 real estate investors into incredibly risky auction rate securities and lost their money.

    Advice to Management

    You were arrogant and incompetent. You lost a lot of innocent investor's and employees money. Shame on you.


  2. "Beware of Landamerica"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Escrow Branch Manager/ Senior Escrow Officer in Carlsbad, CA
    Former Employee - Escrow Branch Manager/ Senior Escrow Officer in Carlsbad, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    This company offers a great benefits package and lots of choices for health insurance providers. They offer a great 401k matching if you have been there for the required amount of time.

    Cons

    Typical large corporate environment. You are just looked at as a number, limited advancement opportunities, quick to lay off workers if the company's stock isn't performing. More concerned about profits than employee loyalty

    Advice to Management

    Get rid of Richard Niefe and the escrow management in San Diego. He makes promises and doesn't deliver. Doesn't give a rats a@@ about their employees.


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