Rate Compensation Employee Reviews | Comparably
Rate Claimed Company
Rate was built on the principles of low rates, groundbreaking technology, complete transparency, excellent customer service and a quick, easy mortgage experience. We knew that to achieve the mission of being the best mortgage company for customers, we also needed to be the best mortgage company for employees and referral partners. We achieved that by innovating superior systems and technology to make the mortgage process easier and more transparent for everyone, and by creating a culture of positivity in which people have the opportunities to improve their lives and achieve their dreams. read more
EMPLOYEE
PARTICIPANTS
126
TOTAL
RATINGS
1249
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Rate Compensation Employee Reviews

What is the best part about your compensation package?

Salary and Flex Time Off

My salary is the best part of my comp package.

All that was excellent...regional support was severely lacking.

The medical benefits through kaiser was great

I liked the bonus structure and incentives

Its fair and a good price

Very fair compensation package for the industry.

The sky's the limit! No glass ceiling

The owners work with us and will do anything they need done.

Bonus structure

Why do you feel undervalued and what would make you feel better about your compensation?

I feel valued as an employee, but the current benefits contribution is under market and I would like to see that improve.

Poor benefit, low pay, constant shift in team.

There is an u fair distribution and the benefits package is expensive.

The amount of experience I brought to the table was more than enough for the role I wanted. I was sidelined and put into another role that I hated yet still climbed to the top of the ladder. Then got let go. The company has them read your layoff notice to you in a zoom call off a script. Ridiculous.

Livable wage, pay too low formthe amount of work that is expected

Compensation should be higher than it is.

My daughter just graduated from college and is making $25,000/yr more than I am on her base pay alone. We have the same degree, and have 25 years experience. :-/

Our team is paid significantly under the average for our job position and our benefits are pretty pricy

Review from Operations Dept

Review Sentiment at Rate

72
72%
28
28%

About Rate's Compensation

D+
55/100

Where This Score Ranks Rate's Compensation

BOTTOM
25%

In the Bottom 25% of 2155 similar size companies on Comparably

BOTTOM
20%

In the Bottom 20% of 216 companies in Chicago

2nd

2nd place versus 2 competitors rated on Comparably

63 employees at Rate score their wages and compensation a D+ on average. As a testament to this, when employees are asked “Do you believe you're paid fairly?”, 57% say Yes. The Sales department is the most satisfied with their compensation, ranking it 78/100, a full 59 pts above the Operations department. If you want detailed data about Rate's wages, see the <a href="https://www.comparably.com/companies/rate-66233/salaries">wage breakdown by department, job titles, locations, and more.</a>

Rate Compensation the Highest

  • Department - Sales
    +23%
  • Ethnicity - African American/Black
    +20%
  • Experience - 3 to 6 Years
    +16%

Rate Compensation the Lowest

  • Department - Operations
    -36%
  • Experience - 1 to 3 Years
    -31%
  • Tenure - Less than 1 Year
    -24%

How Rate's Compensation Score is Calculated

FILTER RATINGS BY

Results from 63 Employees in All Departments, All Genders, All Ethnicities and All Yrs. Experience Experience

AnswerPercent
Yes57%
No43%
Do you believe you're paid fairly?
AnswerPercent
Yes48%
No52%
Are you satisfied with your Benefits?
AnswerPercent
Yes18%
No82%
Does your company give annual bonuses?
AnswerPercent
Every 6 months or less19%
Every year36%
Every 2 years9%
Every 3 years or more0%
Never36%
How often do you get a raise?
×
Rate your company