employer cover photo
employer logo
employer logo

Lender Processing Services

Acquired by Black Knight

Is this your company?

Lender Processing Services reviews

2.8

40% would recommend to a friend

(45 total reviews)
avatar

Hugh Harris

43% approve of CEO

14% positive business outlook

Reviews by job title

45 reviews

Reviews about "Compensation"

Return to all reviews
3.0
Jul 20, 2013
Recommend
CEO approval
Business Outlook

Pros

Interesting work Great co-workers Good location They gave employees severence pay in recent lay off. Not many companies do that these days.

Cons

Advancement opportunities depend on who likes you. There is too much favoritism and many 'cliques'. Mangment gossips and talks about each other. Little job security. People who worked hard and were loyal to the company during a recent business model transition were subsequently laid off. Low wages and no increases. People went years without raises. Bonuses, health care, time off and benefits are often cut. No ongoing training and development of managment teams.

3.0
Jun 14, 2013
Recommend
CEO approval
Business Outlook

Pros

Great place to work. Would have loved to keep working for LPS, but the division failed due to falling sales numbers.

Cons

Bad Management. Management cut incentives for sales team hence sales suffered. When management lowered bonuses for sales team, we saw sales down. When the sales team hit their cap on bonuses they didn't want to sell past that since they would not be compensated for additional sales. So what was a cost saving measure in the short term hurt sales in the long term.

2.0
Jun 7, 2013

Things are a changing

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

co-Workers are nice. Hours somewhat flexible.

Cons

No telecomuting. ESPP and 401K matching are NO longer (though that is not what posted on the website. Healthcare benefits poor. TimeOff limited to 2 weeks. Frozen wages. Yearly performance appraisals to be given in Jan-Feb given in April-May (but with no pay increases... whats the point). I hear of people there for years with less than 3%/year salary increase. People leaving in droves.

Viewing 31 - 33 of 45 Reviews

Glassdoor has 242 Lender Processing Services reviews submitted anonymously by Lender Processing Services employees. Read employee reviews and ratings on Glassdoor to decide if Lender Processing Services is right for you.