Mission Lane Reviews

3.6

65% would recommend to a friend

(160 total reviews)

Brandon Black

88% approve of CEO

51% positive business outlook

Mission Lane has an employee rating of 3.6 out of 5 stars, based on 160 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Mission Lane 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

160 reviews
2.0
20 Dec 2023
Recommend
CEO approval
Business outlook

Pros

Fully remote. Most managers do not micromanage their hourly team. Benefits are decent, if not good. Most happy employees have been traumatized by previous employers, if that's you then you'll surely enjoy the upgrade Mission Lane provides.

Cons

This year they held the official Great Place To Work survey, purposely excluded all hourly staff from taking it when they are the most undervalued and therefore have the most negative feedback to provide. Concerns were raised regarding this and they were not addressed, award displayed on the website is misleading. Both internal surveys from this year, which had a much higher response rate, came back with incredibly dismal results. 2 layoffs this year and silent firings of smaller groups throughout the year. Concerns have been raised that Mission Lane is trying to avoid the legal requirement to report layoffs of a certain threshold by laying off small groups at a time. Their original stated goal is to help Americans access fair credit, while over time this has become more and more convoluted. Interest rates are predatory while our market audience are people who don't understand credit. Original company, LendUp was closed for illegal and predatory practices, and it really shows. New hire training for entry level staff has been shortened since I joined, and staff is not informed on all aspects of their job, just to be immediately nitpicked by their managers on their performance. The environment is unhealthy and unsupportive. Training for promoted roles is insufficient, in fact it barely exists at all. Promotions have dwindled to a trickle since the original layoff. Management tries to placate staff with "lend" after lend, dozens od them, which is just learning the duties of a higher paid role, doing that workflow on top of your pre-existing one with no extra pay or even consideration for a promotion. This is marketed to staff as a learning opportunity. You're lucky if you find yourself given opportunity for lateral movement. Company had a meeting with hourly staff to tell us they will not be giving anyone raises any time soon. Non-exempt staff has "unlimited" PTO but take less time off than the hourly staff can (4 weeks per year) due to pressure by their management, who also doesn't take enough time off. Managers are burnt out, over worked, and it shows in their performance and health. Hourly workers aren't able to have healthy and supported managers. Legal team pushes out truly concerning and questionable policies, such as restrictions on actions authorized POAs can take. Experts and Points of Contact constantly display lack of understanding of processes, policies, and how our systems work. Everything rolls out with multiple blatant errors. Company motto is Do = Learn, which tracks for a start up, but all we do is Do Do Do Do Do, largely due to either choosing the wrong people (mostly tenure) or overworking teams to the point where it's quantity over quality. Lack of communication between teams and departments.

2.0
8 Mar 2023

Not as it appears…

Recommend
CEO approval
Business outlook

Pros

At first blush it seemed like a wonderful opportunity, but it didn’t pan out that way. Only pro I have is remote work is nice.

Cons

No real mentoring or training for new hires. No true job roles or responsibilities, lack of direction from management and upper management. Individual teams set their own priorities, which in turn means teams compete for resources. A lot of management does not seem to understand the business they are in, and your only direction is to “figure it out”. And when you do figure it out (alone) management doesn’t like your solution and criticizes your work. They have a feedback system that they call “real-time feedback” what this means is your management will “grade” your performance based on how they “feel” about your “work” in the given moment. Feedback is lacking actionable details, so you are not given much information on what needs “improvement”. Work is not efficient, multiple teams don’t communicate so work gets duplicated. The layoffs were handled extremely poorly, mass email from CEO and then computers auto shut down on employees. Unlimited PTO- not really a thing, you are judged by management for the time you take. Bonuses seem to be a very confusing and complex algorithm, my suggestion negotiate your base pay and don’t count on your full bonus, I’ll doubt you will ever see it.

5.0
31 July 2022

Best company ever

Recommend
CEO approval
Business outlook

Pros

The culture of this company is stunningly great. They have an organized process for onboarding new hires, and making them feel both welcomed and included. After your first day you are no longer a stranger. Benefits are just as promised in the job ad (excellent.)All necessary equipment will be shipped to you with instructions on how to set it up and how to contact IT if you need help. No question you ask during training is ever treated as dumb. Anything you do (as you're learning), even if you bungle it, your trainers will find something positive to say, to build you up and keep you from losing confidence. You will be assigned a peer mentor which is great, in case you have any questions you'd rather not take to a "manager," and also just to provide you kind of a designated buddy. I can't swear to it, but it appears to me that they match you with someone you are likely to relate well to. In a given week there are regular meetings with your team and with the company in general, to keep you apprised of changes or developments. You are encouraged to schedule frequent one on one meetings with your direct supervisor. There is a rapid path to advancement and opportunities along the way to participate in special teams or take on increasing responsibility. Teams communicate via Slack and there are numerous Slack channels which are not all business related; some exist for employees to share and discuss common interests i.e. pets. Work life balance is HIGHLY valued. Webinars are offered in which topics such as nutrition may be discussed. As mentioned in the job ad, you will receive $100 per month "Thrive cash" and (currently) $40 per month internet stipend. As far as dealing with customers, it is a major policy to HELP the customers (even delinquent and charged off customers) and treat them with outstanding kindness.To be honest I cannot say enough good things about Mission Lane. Many companies talk the talk about work life balance and how much they care about you, but Mission Lane walks the walk.

Cons

I have no cons about the company, but a couple of things certain folks might want to be aware of. The laptops we currently use are Macbook Pros and not everyone is accustomed to using Macs. If you get hired and have some time before your start date, a basic Mac class might help you keep up more easily. Also there will be numerous meetings and trainings that you need to show up RIGHT on time for, so if you tend to be a person who's always running late it would likely be a problem. I will admit as some others have mentioned that the hourly pay is a bit less than one would hope; but personally the benefits of working from home (no gas $$$, no special work clothes or shoes, no lunches out, no Starbucks runs; plus I'm not ordering takeout dinners from being too exhausted to think of something to prepare at home) seem to be making up for that.

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Glassdoor has 163 Mission Lane reviews submitted anonymously by Mission Lane employees. Read employee reviews and ratings on Glassdoor to decide if Mission Lane is right for you.