Loan Specialist/Processor - Loan Specialist/Processor M/I Homes Employee Review

1.0
10 Jul 2017
Recommend
CEO approval
Business outlook

Pros

There are no pros to working here.

Cons

Management doesn't support their employees. They micromanage you to the extreme and have unrealistic expectations for the work they expect/demand to be completed. The salary offered here is lower than industry standard and way lower for the work you are expected to do in this position at this company. They dont understand or care about all the time and work needed/required to get a loan processed from beginning to end so they make unrealistic demands. If you are able to get all your files in order and schedule to take some vacation time no one covers your files while you are off. If anything goes wrong with a file the processor is always blamed and is expected to catch every issue on the file even though management claims to review the files before assigned to a processor. They always push the blame onto their employees regardless of the situation. They have a new processing system (Cadence) which is the worst and slowest in the industry. It takes twice as long to process a file in this new system and is task driven. The processor is expected to do all the initial set up/ordering, processing, restructuring, closing screens and post closing on the files. Management makes you feel inadequate and like you don’t know how to do your job regardless of how much experience you have. They tell you to ask for help if you need it but if you ask then they want to know about your time management and what you are doing wrong not to be able to complete all their unrealistic demands. If you address issues on your files with management they respond with do you need a tissue and still doesn’t offer any support. And if you do or say something that they don’t care for then they make your working environment unbearable. The PTO time is limited based on when you were hired, only 7 holidays, medical benefits are horrible, and you aren’t eligible for a raise until you have been there a full year but they only issue raises in October.

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5.0
23 Feb 2026
Recommend
CEO approval
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Pros

I gained so much knowledge and skills.

Cons

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1.0
21 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Earning potential was great, benefits were decent.

Cons

An incredibly toxic work environment defined by micromanagement, constantly shifting and unrealistic sales goals, and a leadership team that often operated more like enforcers than mentors. Targets were routinely increased at the end of each quarter, effectively stripping salespeople of earned bonuses and eroding trust. The culture leaned heavily on intimidation and public pressure. Sales meetings often felt more like performance critiques than coaching, and required role-playing exercises were frequently uncomfortable and unnecessary. There was a consistent pattern of favoritism, where poor behavior was overlooked for some while others were held to entirely different standards. Management’s approach to motivation relied too heavily on guilt and financial pressure, with paid time off subtly discouraged and income used as leverage rather than support. Collaboration was undermined by leadership creating internal competition in ways that felt divisive rather than productive. There were also multiple instances of inappropriate and racially insensitive remarks made in group settings, which further contributed to an unprofessional and uncomfortable environment. Overall, while the role had potential, the culture and leadership practices made it difficult to succeed or feel respected.

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