Great Place to Work! - Loan Advisor Lower Employee Review

5.0
May 28, 2019
Recommend
CEO approval
Business Outlook

Pros

-Upper Management is incredibly transparent about the direction of the company. There is a culture of open communication to the rest of the company. This is often over looked but incredibly valuable when hiring great people -Upper management is also incredibly open to honest feedback, willing to improve based on constructive criticism instead of masking pain points within the company. There will never be a perfect company but the closest you can get to it is when the culture from the top is one to look deeply at the companies worst qualities and systematically improve upon them -Committees are another great thing Lower.com has done. Committees of 5-10 mid-level managers and employees are on various committees, putting more responsibility into the hands of the group and giving the power to implement real strategies to employees. -The office culture itself is fantastic. Employees are energetic, we are growing quickly and recruiting straight out of colleges so the atmosphere is attractive to recent college grads looking to make an impact and money right out of the gate as well as people more experienced in the industry looking to make a move. -Hours are solid. A work life balance is easy to find here, although there is no shortage of opportunity if you want to put in extra hours and time to earn more money by closing more deals. -There is a high earning potential here, many employees in 6 figures, the biggest differentiator is the number of hours one is willing to work. The highest performers are working the most hours and it is reflected int their compensation. -As there is a lot to learn to be a fully functioning Loan Advisor, the training program is systematic and intense, allowing you to step into the job with confidence Overall, the culture here is fantastic, the earning potential is great, and the job is fun! Especially for a first job out of college, it is one of the best I've seen.

Cons

-The internship program, in my eyes, could use some improvement to attract the highest level candidates. -The entry level job, Account Manager, is unattractive to high level candidates. As this job is training intensive in the beginning as well as the need to get licensed after passing a rigorous exam, it is seemingly necessary. Although, if this was a 2nd or 3rd job out of school and I was looking to grow in my career, I would hesitate to take a step back as an account manager if I was a high-level employee somewhere else previously.

avatar
Lower Response
7y
We're proud of our culture and hiring top talent allows us to keep building a best in class culture. Thank you for providing an in-depth review of actionable pros, cons and advice!

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

avatar
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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