Stearns Lending Reviews | Glassdoor

Stearns Lending Reviews

Updated Jun 5, 2019

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Found 292 reviews

3.5
StarStarStarStarStar
Rating TrendsRating Trends
66%
Recommend to a Friend
81%
Approve of CEO
Stearns Lending CEO David Schneider
David Schneider
105 Ratings
Pros
  • "Work/Life balance is real which makes up for below market comp(in 13 reviews)

  • "Good people overall, great people in my department and fun colleagues(in 13 reviews)

Cons
  • "Too many long term employees were let go(in 9 reviews)

  • "There are no cons to working at Stearns(in 8 reviews)

More Pros and Cons
  1. "Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Manager in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Stearns Lending full-time for more than 3 years

    Pros

    Best Technology all around and great fulfillment

    Cons

    There's no cons at Stearns

    Stearns Lending2018-06-20
  2. Helpful (1)

    "not too bad, as lenders go"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Mortgage in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Stearns Lending full-time for less than a year

    Pros

    Marketing options were pretty good. Focus on technology was impressive.

    Cons

    Pricing wasn't all that competitive.

    Advice to Management

    Too many layers of management.

    Stearns Lending2019-05-28
  3. "Top Sr. Recruiter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior JV Recruiter in Lewisville, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Stearns Lending full-time for less than a year

    Pros

    Good people overall, great people in my department and fun colleagues

    Cons

    not many just need to keep focused on work and you will be fine

    Stearns Lending2019-05-11
  4. Helpful (1)

    "Post closing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Post Closing Specialist in Lewisville, TX
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Stearns Lending full-time for more than a year

    Pros

    Flexible schedule, on the job training. Knowledge management

    Cons

    No yearly bonus or annual increase

    Advice to Management

    Take care of all your people.

    Stearns Lending2019-05-15
  5. Helpful (2)

    "Not good anymore"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Stearns Lending

    Pros

    It use to be good but the new owner Blackstone has done a 180. It's all about the numbers while risking customer service.

    Cons

    Micro managed, reports, reports, reports. Not enough attention to the staff who is or was the heart of the company. It's all about the numbers and keeping Blackstone happy. To many chiefs and they dont listen to the staff. They want you to speak up or suggest but just give you an excuse why this or that and ignore you. Lower management have their hands tied to there backs. They tell you how to do your job and quick...

    Show More

    Advice to Management

    There is a reason why people are leaving or trying to leave this company more than ever. If you cant figure out why then there is nothing else to say.

    Stearns Lending2019-06-05
  6. Helpful (2)

    "Just OK"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend

    I worked at Stearns Lending full-time

    Pros

    Most of the people are great

    Cons

    Mismanaged at the top which trickles down

    Stearns Lending2019-04-26
  7. Helpful (3)

    "Run!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Underwriter in Portland, OR
    Doesn't Recommend

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

    Pros

    Depending on what department, management may or may not be paying attention to what you are doing

    Cons

    Average pay and 3 years with not even a cost of living raise, Sr. management locked away in office - not really any clear direction or communication unless it was to say you did something wrong or take sides, unreasonable volume goals, staff complaints, tattle tales and pot stir-ers - not a good environment!

    Advice to Management

    Develop a culture and environment of staff where they can be proud to work -eliminate the bad eggs and celebrate your cream of the crop

    Stearns Lending2019-05-14
  8. Helpful (2)

    "Standard mortgage company job expectations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - MOrtgage Loan Originator 
    Neutral Outlook
    No opinion of CEO

    I have been working at Stearns Lending full-time for more than a year

    Pros

    Completely remote, managers are hands off. Rewards a self-starter

    Cons

    Benefits are not what I would expect for a company of this size. Below average across the board. Offers "discounted" employee shop that is pricier than what you'd normally pay from an average retailer.

    Stearns Lending2019-04-11
  9. Helpful (2)

    "Don't Waste Your Time, You Can Do Better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Stearns Lending full-time for more than a year

    Pros

    Some of your co-workers will be nice to you.

    Cons

    Stearns Lending has no compunction about shipping all of their jobs overseas. If they haven't done it to yours yet, you can best believe they are going to do it soon.

    Advice to Management

    This box may as well be empty, because I doubt that it's read by anybody other than some poor overworked PR individual.

    Stearns Lending2019-04-30
  10. Helpful (3)

    "Underwriter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Underwriter 
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    There are no Pros to working at Stearns

    Cons

    No pay increases, bonuses, or room for advancement.

    Stearns Lending2019-04-10
Found 292 reviews