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27 reviews

Guaranteed Rate Employer Reviews

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Great enviornment
Operations Assistant (Current Employee), San Diego, CAOctober 15, 2014
Pros: hour lunch
Cons: expensive benefits
great atmosphere to work in. unfortunately in my position you rely on what others are generating and if loan officers don't have loan deals you're pretty much waiting for work.
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GROWING COMPANY
Recruiter (Current Employee), Chicago, ILOctober 15, 2014
-RECRUITING
-LEARNED ABOUT MORTGAGE INDUSTRY
-MANAGEMENT ??
- FUN CO WORKERS
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Good company
NY State Licensed Loan Officer (Former Employee), New YorkOctober 9, 2014
Good mortgage banker. People were very professional. Very nice office.
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A great first job out of college
National Events Manager (Current Employee), Chicago, ILOctober 1, 2014
This is a great first job out of college! I work under great upper management and am challenged.The culture is young, unique, and fun. There is room for career advancement and I feel supported and encouraged to strive for that.
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its ok
JUNIOR RECRUITER (Current Employee), Chicago, ILAugust 12, 2014
not bad i guess. i liked the people, management is OK. all you do is recruit loan officers.
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Good opportunity to advance and build upon your skill set
Fixed Asset Manager (Current Employee), Chicago, ILAugust 11, 2014
Pros: cafe, gym, corporate nurse
Cons: high health care cost, poor management
Guaranteed Rate is a great organization where you can roll up your sleeves, help move improvement along successfully, and be a team player.
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Horrible
Loan Coordinator (Former Employee), SchaumburgJuly 27, 2014
Pros: nothing
Cons: everything
Good is never good enough. Far too many politics. Managers fire the best talent becasue they don't like them and keep people with no eductiona nd no work ethic.
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Over promise - under deliver
VP of Mortgage Lending (loan officer) (Current Employee), UtahJune 26, 2014
Pros: great rates are thier strength
Cons: inflated managment egos
When recruiting, they will promise how easy it is to work for them. Don't be fooled. It's no different and in some cases you need to do more. All loan officers are given title of VP which means nothing. Just a great sounding title. You must produce at high levels or you get threatened with termination. They have a "pick-a-pay" program where loan officers – more... can decide how much to get paid. The problem is that affects what rates you can give the consumer. If someone in the same office is willing to work for less, your client can call them and get a better rate. No continuity at all. Management all have inflated egos and are hard drivers. God forbid you get one complaint as they will be all over you - hey, this is the mortgage business where things sometimes don't go as planned.

The one good thing is they do have some of the lowest rates - especially if you find the right VP (loan officer) with a low "corporate objective". – less
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Not for a seasoned professional
Processor (Former Employee), chicago, ilApril 22, 2014
Pros: chef, monthly massage and gym on site
Cons: pay, poorly treated
Horrible work environment. Young loan officers each given title of VP. The title provides inflated ego. Half of them do not have any experience. They treat processing horrible. Expected to go above and beyond. Processing figures the program, gathers all information from clients, sends doc packages out. If items are not returned, it is processing fault. – more... Pay is below average. Goals are unrealistic, unless you have a team of seasoned processors. You do not have an opener. As processing, you are basically originating, opening, pre underwriting and processing. – less
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Great company but bad management
Marketing Assistant (Former Employee), Chicago, ILApril 16, 2014
Upper management ignores the little people and doesn't treat them with respect.
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well run company with enjoyable work experience
Associate Vice President of Mortgage Lending (Former Employee), Chicago, ILMarch 8, 2014
Pros: great office facilities, great management
Cons: relatively low compensation, low job security as is nature in the industry
Guaranteed Rate had a good work atmosphere because of the people that work there. It is a great team atmosphere that is conducive to productivity and an enjoyable work experience. It is well run from top executives down to the managers.
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Good place to work and enjoyed cross training with others
Condominium Underwriter (Former Employee), Schaumburg, ILJanuary 28, 2014
Pros: various loan products were used.
Cons: how weather and natural disasters impact business.
Warranting condominium loans in the northeast part of the United States.
Understanding the purchasing habits of people that reside in the New York/Boston metropolitan area.
Co-workers were great and I learned a lot.
Dealing with natural disasters such as Hurricane Sandy and how it impacts business.
Dealing with various bankers.
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THERE IS NO JOB SECURITY FOR WORKERS, TOO MANY MANAGERS
Conforming Agency Mortgage Underwriter (Former Employee), Chicago, ILJanuary 23, 2014
Pros: corporate has a few perks, some can work from home remotely
Cons: too many managers, too many audits, accountability is not given to those that deserve it.
They just decided to do a massive layoff. Some found out from "word of mouth". Cold and calculated, they laid off some of the best and brightest workers. Good luck for any of us finding a job any time soon. Told it was nothing personal, however none of the loan officers that turn in garbage loans seem to have been affected.
Those let go treated with – more... no respect. The employees mean nothing except for the VP's. Almost everyone else is subject to disrespect and treated like dirt. – less
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Not a fostering environment.
VP lending (Former Employee), ChicagoDecember 11, 2013
Pros: they paint you with a nice title
Cons: it's all about them, their brand and screw you
It's a lot of push, and a self pay as you go sales environment. You pay, they do not.God forbid you show some originality and step out of the mechanics of their formula.
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work /life balance issues
SENIOR UNDERWRITER (Former Employee), Chicago, ILNovember 25, 2013
high production required/ remote employee so no micro mgmt. but also difficult to learn on the job with no one to reach out to
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Productive and somewhat fun workplace
Sr. Funding Review Auditor (Current Employee), Chicago, ILOctober 29, 2013
Pros: rooftop deck for employees
Cons: healthcare
not an industry I recommend getting into. it depends what department you work how you day to day flow is going to be.
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Growing company with competitve pay and benefits
Mortgage Underwriter (Former Employee), Schaumburg, ILOctober 15, 2013
Pros: work from home, friendly people supportive of family life balance
Cons: hard to get support being remote
Daily pipeline of loans supplied from POD. Underwriting and due diligence of mortgages loans. Supported closers, coordinators and loan officers in loan originations. I learned a lot about Encompass, FNMA and FHLMC guidelines. Also learned HARP product underwriting. Hardest part of job is not knowing what will come into your queue from one day to the – more... next. Made it difficult to balance the work load and stay on top of volume levels. Enjoyed working with the people there and having capability to work remote. Free to make decisions and operate independantly. Good experience. – less
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Great Environment
VP Of Mortgage Sales - Convention/Prime/FHA (Current Employee), Dallas, TXOctober 1, 2013
Highly prefer, work from home, great balance, great management
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Misinformation from the top down
Business Development / Loan Coordination (Former Employee), Minneapolis, MNSeptember 23, 2013
Cons: see above
I was hired to do a very specific job for a high-end loan originator who in turn was brought into the organization for very specific reasons. From the beginning he was lied to, as documents and emails in writing as part of the terms of hiring us were ignored and forgotten by corporate.
Additionally the tools promised us were denied, and in turn our – more... promised salaries were not paid.
A few short months after bringing us in, the one tool we designed with corporate was taken and most of us laid off.
In addition to the problems at the corporate level, the local level management was derisive and condescending to all employees.
Avoid this joke of a company if at all possible. – less
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Broken Promises
Vice President of Mortgage Lending (Current Employee), Walker, MISeptember 3, 2013
Promised everything, delivered nothing. No support for remote branches.