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LenderClose reviews

3.7

67% would recommend to a friend

(6 total reviews)

60% positive business outlook

Reviews by job title

6 reviews
1.0
Jun 23, 2021

LenderClose is most likely not as bad as North Korea

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Free hard liquor in the fridge and free coffee. Unlimited PTO that you could use to get away from politics. Good company to stay at for the minimum length needed in order to get experience and move on to a company that isn't underperforming, highly political, and overall soul draining. The company takes months to hire new engineering talent so you don't have to spend too much time training new hires since a new engineer comes every other fiscal quarter.

Cons

Leaders are poorly educated with no experience at Fortune 100 companies or fast growing (and wildly successful) start ups. It felt like the blind leading the blind with no senior leader having top tier pedigree experience/education (Facebook/Goldman Sachs/McKinsey) (almost no advanced degrees in business or engineering). Education and experience isn't always the most important factor, but when leaders were unable to hire top talent, and when employees are being fire/leaving every other week, you can tell something is wrong when people won't join the company from successful positions at other company's or stay at the company for very long. The consensus around many new people in technology is, "I'm only staying here until I get enough experience to get a better job". There is a reason people get to LenderClose - at least in technology - and have made up their mind that they only want to stay the bare minimum amount of time until they have the years of experience needed for a more quality company. Loads of politics. After talking with a few engineers, there is a clearly established "cool kids club". If you don't play politics with the right people, you will be talked poorly about, deemed toxic, and unproductive. If you can't play politics it isn't in your best interest to come to this company. I was told politics were more important than building delightful software and generating revenue. Leaders will tell you to be creative and will encourage you to be empowered to come up with the solutions you think are best, but if the leaders don't like your ideas and you push back (as they encouraged) you will be treated poorly, excluded, and run off for being "toxic" and [not collaborative]. You have to learn to understand what leaders mean when they try to encourage you. Do "great"to an extent, but don't challenge the status quo too much or you'll be run off for being [toxic]. No mission/vision. If you're looking for a purpose and for meaningful work at your job this company isn't for you.Lots of people get "let go"/fired.. After the first 5 people that were "fired"/"let go" a lot of questions went through the minds of new hires around culture and the competence of leadership's ability to coach and retain talent. Overall the company isn't that bad, you could be living in North Korea or Syria.

1.0
Nov 19, 2020

Terrible Culture

Recommend
CEO approval
Business Outlook

Pros

You have an opportunity after about 20 yes to make some real money.

Cons

It takes 20yrs to make money

5.0
Jun 1, 2021
Recommend
CEO approval
Business Outlook

Pros

LenderClose is facilitating product teams differently than other companies. Instead of a prescriptive outline of what is going to be built, the teams are empowered to determine their own course of action to solve a unique problem.

Cons

Must be willing to commute to office in West Des Moines, Iowa.

Viewing 1 - 3 of 6 Reviews

Glassdoor has 6 LenderClose reviews submitted anonymously by LenderClose employees. Read employee reviews and ratings on Glassdoor to decide if LenderClose is right for you.