Wow and not in a good way - Underwriting Manager Loanwise Employee Review

1.0
30 Jun 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.

Explore other reviews about Loanwise

5.0
19 Jun 2018
Recommend
CEO approval
Business outlook

Pros

Excellent team environment with strong employees always willing to get the job done. With all the management hands on experience as needed.

Cons

Layoff with no warning with sale of the production Unit

1.0
2 Mar 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The employees and middle managers are wonderful. The pay was decent and they finally added vision to the insurance plan.

Cons

This company likes to sell you dream and it ends up becoming a nightmare. There is no training and everyone runs around like a chicken with their head cut off. The upper managers are always switching positions and nothing is structured. This company likes to say you are "Family" and "owners" but will fire you or lay you off like you are trash. Please tell me what "family" does that? The company will feed you all kind of promises to get you there but will never deliver and if you ask them about it then they will let you go. People left stable jobs to come here because they believed the company could be great but were let go without notice and had to scramble to find work and take care of their families. What a way to treat your family Loanwise! This is not a long term employer. Everyone who started at this company is no longer there. I feel like this company is to be built up and sold off to the highest bidder just like the last companies the owners had. If you are looking for a great company with stability then this is not the company for you.

5
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Loanwise Response
9y
Thank you for acknowledging our wonderful employees and managers. We think they are one of the best perks of working at Loanwise! As a newer organization, we are challenged to find the balance between structure and agility and it can sometimes be difficult to see the logic behind certain decision, especially those that effect the continued employment of our people. As we grow and change, we make every effort to transition existing members into new roles or support their efforts to find new opportunities with other companies.
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