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      Lower

      Engaged Employer

      Lower reviews

      An amazing stepping stone and character-building experience - Loan Advisor Lower Employee Review

      5.0
      Oct 31, 2019
      Loan advisor
      Recommend
      CEO approval
      Business Outlook

      Pros

      Working at Lower for then past year and a half has been a life-changing experience. The company as a whole: - If you're between the ages of 22-30, this company has an incredible culture. I feel like I have made as many friends as Lower as I did back in college, and it has made my move to Columbus an incredibly fun experience. I know some people who fell into the post-college depression for a few years, but going to work every day with some of your best friends completely eliminates that possibility. - PTO is great. I'm in year two at the company and have 3 weeks of PTO. Next year I'll have a whole month. The Job: - The Loan Advisor role has truly been a character-building experience. Not many other entry-level type jobs give you the immense amount of responsibility and challenge that comes with being a loan advisor - but I think that's a good thing. There are so many experiences that I've had as a loan advisor that I know will blow away job recruiters whenever I decide to change careers. You feel like you serve a very important purpose, because you are helping people make one of the biggest financial decisions of their life. - If you are good at the job (which might take you a while), you can make a lot of money.

      Cons

      The company as a whole: - The 401k match isn't good The job: - It can be extremely stressful. You get to know your clients very well over the phone over the month-long origination process, and a lot of times something will come up that disqualifies them from the loan, so you have to learn how to give very bad news to people on a somewhat regular basis. It sucks, but it has thickened my skin and has really force-taught me how to communicate with people in negative situations.

      avatar
      Lower Response
      6y
      Thanks for the review! We understand that working can be stressful. To help our team be more knowledgeable about their overall health, we provide quarterly lunch-and-learns around the topic of health. Our upcoming lunch-and-learn specifically will go over how to effectively manage stress!

      Explore other reviews about Lower

      5.0
      Mar 20, 2026
      Sr. loan officer
      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
      Mortgage loan officer
      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.

      1
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