iLending reviews

3.3

44% would recommend to a friend

(98 total reviews)
avatar

Nick Goraczkowski

75% approve of CEO

28% positive business outlook

iLending has an employee rating of 3.3 out of 5 stars, based on 98 company reviews on Glassdoor which indicates that most employees have a good working experience there. The iLending employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

98 reviews
5.0
May 4, 2022
Recommend
CEO approval
Business Outlook

Pros

The first thing I noticed when I joined is that, hands down, the Loan Consultant role is the easiest way for you to make incredible money. I encourage everyone who wants to do sales or loves to sell to apply. Having done sales for 20 years, this is a great job to test if you will work in sales or not. Driving the sales team is the marketing team. They work really hard to drive the top of the funnel for the Loan Consultants and it's fun watching our effort turn into acceleration. I think this is a great job and a high growth organization.

Cons

Not really a con but I think it's important to know that you're working for a highly sales driven organization. You need to at least be motivated to put in the effort to succeed. Growing pains of an organization in high growth mode.

2.0
Nov 10, 2021
Recommend
CEO approval
Business Outlook

Pros

Bring dog to work, Friday dress casual everyday, free sodas, great location, gym onsite and tons of giveaways (NHL,NBA, tickets, jerseys, cash)

Cons

-The pros are used against employees as another reason to not pay bonuses. Loan Consultants aren’t told they must PAY the company the job tools. The dollar amount and reasons aren’t provided there is just a deduction from your pay. They also deduct the money from your bonus and gross sales goal. Expect to work a minimum of 6 days 50 - 55 hours per week. Otherwise you will be shamed, talked to about dedication and being lucky to have a job with up to $150k year potential (manipulated). Only 3 Federal Holidays recognized, so they’re open 362 days per year…. Despite grossing an obscene amount of money each month, bonuses have become increasingly difficult to earn. It’s gotten so bad a new pay tier of 65% was created. You will gross 30k month and not get paid 1 cent. Goals have increased 50% from 4/1 - today with no sign of slowing despite slower quarter. There’s NO commission contracts so the goal post is punted further each month. Hourly wage is $17 so working 108 hours each pay period to get a pay check for $1400 is insane. Twice per day threats to those unvaccinated either by email or in a meeting. MANDATORY MEETINGS 5 days per week, at least 7 hours week wasted internally. Company sales records broken month after month but the sales team is still told they’re letting the company down IN EVERY SINGLE MEETING. Before April 2021 this was a 5 star company. Once a new reporting system went live every single person became another number to manipulate. The office has even the most seasoned employees trying to escape due to the poor treatment of the sales team. Very sad the ugly side of capitalism invaded as they had an amazing culture and employee morale was always 100%. Slowly becoming a cookie cutter corporate company.

Viewing 13 - 15 of 98 Reviews

Glassdoor has 102 iLending reviews submitted anonymously by iLending employees. Read employee reviews and ratings on Glassdoor to decide if iLending is right for you.