Loanwise Reviews

3.4

57% would recommend to a friend

(21 total reviews)

Omar Quddus

55% approve of CEO

51% positive business outlook

Loanwise has an employee rating of 3.4 out of 5 stars, based on 21 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Loanwise employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

21 reviews
1.0
5 Apr 2017

Was lied to and cheated every minute I worked there.

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I had great coworkers while I worked there. unfortunately they were all laid off in less than a year and had earned pay withheld.

Cons

positive reviews are actually written by company executives. They hired people on "gaurantees" only to reduce the gaurantees within less than a month of hiring them and eventually deciding that the gaurantee was actually a draw and denying earned commissions. this is not an isolated incident they have literally withheld pay for every loan officer that has ever worked for them. they make changes to their commission and pay plan as they go so you never know what you will be paid (or if you will even be paid) since their decisions are retroactive regardless of any written agreements. layoffs are frequent at every level.

1.0
7 Mar 2017

Wish Hype Were Real

Recommend
CEO approval
Business outlook

Pros

Nice people. Nice office.

Cons

Wondering what day I'll be next to get let go. Wondering who my manager will be tomorrow.

1.0
30 June 2017
Recommend
CEO approval
Business outlook

Pros

Very casual dress code.

Cons

No plan for growth it's like a tech company said let's start a mortgage company and then that was the end of the planning. Poor staff but even poorer managers (and EVERY ONE is a manager) without actually doing anything or making a decision. You keep laying off workers because you literally just made up goals without an actual business plan of how to get there. Have not hit goal in months, if ever.

Viewing 1 - 3 of 21 Reviews

Glassdoor has 22 Loanwise reviews submitted anonymously by Loanwise employees. Read employee reviews and ratings on Glassdoor to decide if Loanwise is right for you.