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Homeside Financial

Part of Lower

Engaged Employer

Loan Officer - Company used to be great, now its a sinking ship - Loan Officer Homeside Financial Employee Review

1.0
Apr 16, 2018
Recommend
CEO approval
Business Outlook

Pros

The company is growing without increasing opportunity to loan officers. Another pro is the company asks every employee to write glassdoor review so they can "appear" to be one of the best places to work! How awesome is that?!

Cons

Homeside does not care about its employees. The current lead source is well below par. Company keeps track of every stat while you are on the phones and will constantly monitor you, resulting in workplace micromanagement. They recently changed their comp plan where your commission is paid out quarterly and if you leave before the quarter, they keep all your commission. Loan officers are just a number here and many LOs have jumped ship. Almost 40% of the LOs I worked with last year have already quit and the rest are in the process of interviewing with other companies to hopefully leave homeside. Do not come here. Also, to harp on the lead source again. 90% of the leads you take are either applicants who simply dont qualify, already purchased/refi'd, or wanting something we dont offer. Do not mistake this with the mindset of putting in more effort will result in taking more apps. I had that mindset and it still got me nowhere. The lead source is just bad.

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Homeside Financial Response
8y
We appreciate your feedback and are disappointed to hear you didn’t find success here. We truly value all our of employee’s, past and present. We are sorry that you feel that leads are of poor quality, but our continuous success shows otherwise. This is something that we monitor closely every single day to ensure both the best opportunity for our employees, and that we are reaching the best consumers to help them achieve their home ownership and financial success dreams. In response to suggestions from our Loan Officer’s we changed compensation plans to provide our DTC Loan Officer’s with more stability. Instead of a normal Loan Officer compensation plan based solely off commission we provide our Loan Officer’s with a consistent salary each month. At the end of the quarter Loan Officer’s receive commission on funded volume over their salary amount.

Explore other reviews about Homeside Financial

5.0
Sep 30, 2024
Recommend
CEO approval
Business Outlook

Pros

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Cons

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3.0
Jan 28, 2026
Recommend
CEO approval
Business Outlook

Pros

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Cons

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