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Lendmark Financial Services

Engaged employer

Lendmark Financial Services Reviews

3.2

47% would recommend to a friend

(305 total reviews)

Bobby Aiken

79% approve of CEO

49% positive business outlook

Lendmark Financial Services has an employee rating of 3.2 out of 5 stars, based on 305 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Lendmark Financial Services 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

305 reviews
3.0
15 Nov 2022

Great at one point

Recommend
CEO approval
Business outlook

Pros

Throughout the division made some great friendships and connections. They do offer a great benefits package, no complaints there. All paid holidays.

Cons

Nightmare goals that can almost never be reached. You are asked to contact former borrowers to solicit and collect delinquent accounts for current borrowers. You can close a million in loans in a month but if your deliquency is tanked guess no bonus. There is disgusting favoritism and management seems to get all the perks. Constant training (which is good) but ask you to complete assignments during your work day, impossible! They track amount of calls made throughout the day, usual expectations is 150 calls per day. You are expected to stop what you are doing to address dealer apps which is consider more important than regular consumers. The system itself is a joke and constantly crashes throughout the day constantly slowing production. Corporate puts more and more restrictions on LCs making our jobs more extremely challenging. Plus, mostly due to pandemic and current economy, we are losing bonuses or so we are told. Time for family is next to impossible. Thanksgiving off then back to work next day full steam ahead.

1.0
2 Mar 2023
Recommend
CEO approval
Business outlook

Pros

There were no pros at this company

Cons

I worked for this company for 2 months only. Poor communication between AVP to branches. Stores open from 8:30-5:30pm You will work Collection on Late Tuesday Night from 5:30pm- 7pm Assist Vice President can call the store and request employees stay until 9pm without prior notice You will work Saturdays 2-3 a month. Morning 8-12pm I was told this job was about leading. Lies!! 30 percent lending/sales - 70 percent collections. Including 3 rounds of calls and text. Also doing cross calling with other store. Upper management does not care about families. I have witness some horrible handling of customers. Also, you will be outbound calling existing customer to ask if they want to borrow more money. Even if the account holder struggles with making payment. You will manual structure loans without software. Computer systems are extremely old. Poor training. Also, no one told me I would need to get a life insurance license from the state. They will tell you to study at home for the test( which is very hard). You can’t study on the clock due to being short staffed.

1.0
14 Jan 2023

Do Not Work Here

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

This company is very small so it is easy to stand out if you do good work. I would describe this place as "no frills", which can be off-putting but they are able to save money and pay the corporate employees well ... even too well. Most of the people who work here are not industry leaders so you can get away with being mediocre.

Cons

- Extremely outdated in every way - poor management - toxic company culture ( everyone is trying to throw people under the bus) - CEO is a quack -Overall the workplace is miserable. I would NOT work here

Viewing 1 - 3 of 305 Reviews

Glassdoor has 313 Lendmark Financial Services reviews submitted anonymously by Lendmark Financial Services employees. Read employee reviews and ratings on Glassdoor to decide if Lendmark Financial Services is right for you.