Great place to start a mortgage career - Loan Officer Lower Employee Review

5.0
Mar 20, 2026
Recommend
CEO approval
Business Outlook

Pros

This was an industry change for me. I've been in sales, corporate and service, for over a decade. Becoming a loan officer is daunting but Lower has one of the best training programs to prepare for the national exam and pass easily. My manager has been an amazing support who creates a space to understand regulations while still hyping up the team with competitions and data to hit metrics that ultimately builds our bank. It's sales, you're either all in or not with it. I haven't been here too long, but there is a clear set path for career growth and upward trajectory in our department, and that means a lot for me personally.

Cons

Be ready to multi-task and be organized on a different level. I'm good with that, but I see others who can struggle with it. Oh, I wish there was a beverage vending machine.

Explore other reviews about Lower

5.0
Mar 20, 2026
Recommend
CEO approval
Business Outlook

Pros

-incredible earning potential -supportive management that cares about the LO's -All the tools supplied to succeed -Great work culture, lots of fun events -Communication between team members

Cons

- sometimes files take longer than expected to close - unexpected variables in the loan process

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Lower Response
1mo
Thank you for taking the time to share your feedback! I'm glad you value the great work culture and supportive management. We understand some files take longer than expected to close. Lower is continously working to streamline and approve our processes to help our borrowers.
1.0
Apr 6, 2026
Recommend
CEO approval
Business Outlook

Pros

There are limited pros working at Lower. Based on my experience, I would only recommend working here if you're new to the industry. Get licensed, learn the basics, and leave after a year.

Cons

If you have been in the industry for more than a year, you know products, you know guidelines, you know how to sell. That said, find a company with a comp plan that makes sense with a rate sheet that actually benefits the consumer. Ironically, rates at Lower at the Highest in the industry. You'll be asking borrowers to take on a 30-year-fixed -rate mortgage that's 50bps (or more) higher than the industry. On top of the higher pricing, you get paid a fraction of what other loan officers make. Instead of $20K/mo commissions, you'll be making $3K at best. The hourly rate is a recoverable draw so you're making $60K while other loan officers are making $200K+ per year. If that wasn't enough, your loans will sit in process FOREVER. No one knows what's going on. From VP to processor, there is zero communication. Loans will fallout left and right.

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