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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Rate Retention Score

Rate is in the Bottom 40% of similar sized companies in its ability to retain quality employees. 40% of employees would not leave Rate if they were offered a job for more money while 54% are excited to go to work each day. Overall, 67% of Rate's employees feel the company is doing what it should to retain them while 33% may be considering new employment. Quality employees are difficult to find which makes retaining them all the more important.

Last updated months ago.

Where This Score Ranks Rate's Retention

BOTTOM
40%
In the Bottom 40% of 2117 Similar Sized Companies on Comparably
BOTTOM
40%
In the Bottom 40% of 236 Nearby Companies in Chicago
2nd
2nd place versus 2 competitors rated on Comparably

Jul

Aug

Sep

Nov

Dec

C65 / 100

Jan

Who Ranks Rate's Retention the Highest?

Department - Sales 92/100

Experience - 3 to 6 Years 85/100

Experience - Entry Level 80/100

Who Ranks Rate's Retention the Lowest?

Department - Operations 57/100

Experience - 1 to 3 Years 60/100

Department - Engineering 62/100

Rate Retention At a Glance

Rate's Retention score is rated a "C" by 123 employees. The category helps understand Rate's focus and commitment to retaining employees in their organization.

Over the past three months, Rate's Retention score has remained steady at 65/100. Rate ranks in 2nd place versus 2 competitors which include Kiavi (formerly LendingHome) and STARWOOD PROPERTY TRUST. The Sales and Engineering departments are likely to stay at the company the longest, while the Operations department is likely to have the highest turnaround.

Rate's Retention score is in the Bottom 40% of 2117 similar sized companies (1,001-5,000 Employees) on Comparably. The Company ranks in the Bottom 40% compared to 236 nearby companies in Chicago.

Rate's Retention Trendline

Rate65
Other Companies in Chicago
Similar Size on Comparably

How Rate's Retention Score is Calculated

Answer	Percent
Yes	57%
No	43%

Do you believe you're paid fairly?

Answer	Percent
Yes	67%
No	33%

Do you look forward to interacting with your coworkers?

out of 100

How would you rate the quality of your coworkers?

Answer	Percent
Yes	54%
No	46%

Are you typically excited about going to work each day?

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	83%
No	17%

Do you approve of the job your executive team is doing at your company?

Answer	Percent
Yes	67%
No	33%

Do Your Company Leaders Do What They Should to Retain You as an Employee?

Answer	Percent
Very Secure	60%
Secure Enough	40%
Neutral	0%
Insecure	0%
Very Insecure	0%

How secure do you feel your job is at your company?

Answer	Percent
Yes	80%
No	20%

Do you have a close friend at work?

Answer	Percent
Yes	80%
No	20%

Would you leave your current job for a 20% raise at a different company?

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?

Answer	Percent
Yes	40%
No	60%

Do you feel burnt out at work?

Answer	Percent
Yes	83%
No	17%

Are you challenged at work?

Answer	Percent
Yes	40%
No	60%

Would you turn down a job offer today, for slightly more money?

Answer	Percent
Yes	80%
No	20%

Are you proud to be a part of your company?

Rate's Retention Rank Against Similar Sized Companies on Comparably

BOTTOM

40%

Rate ranks in the Bottom 40% of other companies on Comparably with 1,001-5,000 Employees for Retention Score.

Rate's Retention Rank Against Other Companies Nearby

BOTTOM

40%

Rate ranks in the Bottom 40% of other companies in Chicago for Retention Score.

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