TRASH!!! Don't waste your time... - Loss Mitigation Specialist LoanCare Employee Review

1.0
Jan 19, 2023
Recommend
CEO approval
Business Outlook

Pros

Started off ok in the beginning. Progressively got Worse

Cons

They laid off a bunch of employees out of the blue without warning and as "severance" to the good people we got one more paycheck and were told to go on about our business. Then tried also tried to not pay out vacation time owed. Not one care in the world about if we would be ok. Just foul.. Other companies, that actually care about their employees, usually give you a couple months pay at minimum but Loancare could care less about their loyal employees that had gave up 5+ years of their lives working for them especially under such crap conditions/management. Highly Unorganized. Pay not good for the amount of work. If you get a raise you're lucky to see a 25 cent increase. No bonuses. Just Bad all around. Save yourself the trouble and don't waste your time on this terrible company..

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LoanCare Response
3y
Thank you for taking time to leave a review. Unfortunately restructuring of our workforce and parting ways with team members is never an easy decision but adjustments to our staffing are sometimes necessary. We take all feedback seriously and would like to learn more about what you’ve shared. Please contact us at employeerelations@loancare.com

Explore other reviews about LoanCare

5.0
Nov 23, 2025
Recommend
CEO approval
Business Outlook

Pros

I’ve had a very positive experience working at LoanCare. The company is fast-paced, but if you’re motivated and willing to learn, there are endless opportunities to grow. Leadership has made noticeable efforts to improve communication, support professional development, and recognize hard work. What stands out the most is the people, talented teams across Recruiting, Training, HR, Operations, and Servicing who genuinely care about the work they do and the customers we serve. Collaboration is encouraged, and cross-department support is strong. LoanCare also makes a consistent effort to improve employee engagement, whether through newsletters, resources, events, or ongoing development programs. The company values tenure and celebrates employee milestones, which speaks to the stability of the organization. Like any large company, things move quickly, and priorities can shift, but overall LoanCare provides a solid environment for people who want to develop their careers, take on new challenges, and contribute to meaningful work.

Cons

Fast-paced environment may feel overwhelming at times Some processes are evolving and require adaptability

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