Great Place to Learn but Not to Grow a Career
Pros
It's a great place to learn about the mortgage industry quickly since you'll have access to all parts of the business. Leads are all given to you, so your main focus will be on your client and finding them the best financial fit without the pressure of having to close the loan like a commission only LO. The product is a great fit for a very specific demographic of people, however more experienced or complicated borrowers may be better off with more abstract or portfolio offerings that are not currently offered.
Cons
Growth in the company is solely based on whether a select few people chose you for a position. Often internal opportunities were not posted, advertised, or even interviewed for; leaving people who wish to grow but aren't in with the right people to stand aside and watch as other people are just announced for promotions. The company grew too fast without properly laying down foundations that would protect the larger employee base when rates increased, leaving endless rounds of reductions-in-force that lasted months. With RIFs occurring as frequently as every 2 weeks, it made it really hard to believe that there was a long-term plan in place to protect the business, employees, and clients from the downturn in a cyclical industry.
