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      Stearns Lending

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      Stearns Lending Reviews

      3.5

      58% would recommend to a friend

      (411 total reviews)
      avatar

      David Schneider

      77% approve of CEO

      47% positive business outlook

      Ratings by category

      3.7

      Diversity and inclusion

      3.6

      Work/Life balance

      3.4

      Culture and values

      3.4

      Compensation and benefits

      3.3

      Senior management

      3.3

      Career opportunities

      Stearns Lending has an employee rating of 3.5 out of 5 stars, based on 411 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Stearns Lending 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

      411 reviews
      2.0
      6 Mar 2017

      CEO asked us to come leave positive reviews

      Operations
      Recommend
      CEO approval
      Business outlook

      Pros

      Great work/life balance. Starting pay is good.

      Cons

      No annual performance reviews, no raises. A lot of recent layoffs - this impacted newer people who were mass hired last summer, and seasoned employees who had been with the company 5+ years (and not offered severance packages!). I am constantly worried about the security of my job. Had a company-wide conference call today (monthly "State of the Union"-type call) where the CEO mentioned the negative reviews former slighted employees have left, and mentioned current happy employees can come leave positive reviews to balance those out. Probably not the best idea to suggest when your current employees are scared they won't have a job next week and don't feel valued.

      avatar
      Stearns Lending Response
      9y
      We appreciate your feedback. Just to be clear, our CEO did not ask employees to leave positive reviews. Instead, he invited employees to share their honest feedback about working at Stearns so that we can take it into account as we make Stearns a better place to work. Unfortunately, the current state of the market led to adjustments in staffing after years of low interest rates and high refinance volume. While our purchase volume grows, it can’t replace the record-setting refinance volume we had seen over recent years. We thank you for taking time to share your thoughts and we’re disappointed to hear that your experience at Stearns was not positive.
      1.0
      7 Mar 2017

      Worst Retail Mortgage Company in DFW!! DFW Mortgage professionals BEWARE!!!! Don't listen to the fake reviews

      Loan officer
      Recommend
      CEO approval
      Business outlook

      Pros

      They have running water at their facilities.

      Cons

      No support, No vision, No leadership, Terrible reputation. Call a local title company. They will confirm how terrible Stearns is. You will lose your very valuable business, and referral partners. Do not go to Stearns. They don't understand retail mortgage and how to be successful. The executives are out of touch, they don't have the slightest clue on how to be successful in retail origination.

      avatar
      Stearns Lending Response
      9y
      It’s unfortunate that you have a negative impression from your time at Stearns. We feel that your statements are inaccurate and do not truly reflect our culture, vision or leadership. With our I Can Help You culture, we strive to build substantial relationships, foster talent, and lead the industry with our forward thinking and quality products. We have high expectations and standards of performance for all of our employees, including our sales professionals. While we are optimistic about the success of every new sales hire that joins the organization, some ultimately are not able to generate new business which is a requirement of the position. We are committed to being an employer of choice in the mortgage industry and to maintaining a performance based culture where successful mortgage professionals can thrive and grow.
      2.0
      19 Oct 2015

      Wow!

      Anonymous employee
      Recommend
      CEO approval
      Business outlook

      Pros

      Uhhhhh. Yeah! Drawing a complete blank.

      Cons

      Management lacks vision. Completely disorganized operational structure. Controller is a great accountant, BUT, has no idea about how to manage operations. No raises, no promotions, no reviews, no appreciation, no responsibility for ones actions, pathetic oversight. I could go on for hours.

      avatar
      Stearns Lending Response
      10y
      Thank you for taking the time to give us your feedback. Clearly you are frustrated, but we appreciate your candor and will carefully consider the feedback.
      Viewing 1 - 3 of 411 Reviews
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      ReviewsStearns Lending reviews

      Glassdoor has 418 Stearns Lending reviews submitted anonymously by Stearns Lending employees. Read employee reviews and ratings on Glassdoor to decide if Stearns Lending is right for you.