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

CEO: Victor Ciardelli

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Joining Rate - Employee Onboarding

Employee Sentiment

The prevailing opinion from employees about joining Rate is that the company was somewhat prepared on their first day. Rate employees concluded that their overall onboarding experience was positive. 67% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.

Answer	Percent
Yes	100%
No	0%

Did you have a positive onboarding experience when you were hired at your current company?

Answer	Percent
Very Prepared	0%
Prepared	33%
Somewhat Prepared	67%
Unprepared	0%
Very Unprepared	0%

How prepared was your company on your first day of onboarding?

Answer	Percent
Yes	67%
No	33%

Was your direct manager helpful with your onboarding during your first 90 days?

Meet Your Managers

Your direct manager highly affects your experience at a company; overall managers at Rate are rated a B+. At Rate most employees said they received feedback every week or never. 80% of employees also said they felt comfortable giving their managers feedback. Learn More about your managers at Rate.

Answer	Percent
Every week	83%
Once a month	0%
Once a quarter	0%
Once a year	0%
Never	17%

How often do you get valuable feedback on how to improve at work?

Answer	Percent
Yes	50%
No	50%

Does your boss expect you to work when you're on vacation?

Answer	Percent
Yes	80%
No	20%

Do you feel comfortable giving your boss negative feedback?

Negotiate Salary

If you think you and your skill set should be valued higher than your offer, negotiate your salary! 67% of men and 25% of women at Rate said they negotiated their salaries. On average, Rate employees earn $99,476. Rate ranks in the Bottom 20% for compensation in Chicago. Learn More about Salaries at Rate.

Average Salaries at Rate by Department

$120k*

Engineering

$124k*

Product

$100k*

Design

$120k*

Marketing

$79k*

Operations

$54k*

Admin

$89k*

Business Dev

$73k*

Finance

$61k*

Customer Support

$109k*

$102k*

$136k*

Legal

$211k*

Sales

^* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.

Get Acclimated

Now that you’ve joined Rate, get acclimated. Is lunch a social time or do people sit at their desks? At Rate the most common answer selected by employees is eat lunch at their desk. Understand your coworkers and why they’ve chosen to stay at Rate, many employees say it’s because of the career advancement opportunities.

Answer	Percent
Company Mission	0%
Comp & Benefits	0%
Co-Workers	50%
Comfort & Familiarity	0%
Career Advancement Opportunities	50%

What's the main reason you stay at your current company?

Answer	Percent
>1 hour	50%
1 hour	0%
45 minutes	0%
30 minutes	0%
I eat at my desk	50%

How long do you take for lunch breaks?

Answer	Percent
Multiple times a week	0%
Once a week	20%
Once a month	40%
Once a quarter	20%
Never	20%

How often do you socialize with team members outside of work?

Professional Development

Rate ranks in the Top 30% of companies for professional development in Chicago. 60% of employees feel as though Rate is beneficial to their continuous career growth, and 43% said they had a mentor at the office. Learn More about Professional Development at Rate.

Answer	Percent
Yes	43%
No	57%

Do you have a mentor at work?

Answer	Percent
Yes	60%
No	40%

Does your current company provide you meaningful opportunities for career advancement?

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