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      Lower

      Engaged Employer

      Lower reviews

      All of the perks that come with a startup plus the stability of a long-standing company - Loan Advisor Lower Employee Review

      5.0
      Apr 24, 2020
      Loan advisor
      Recommend
      CEO approval
      Business Outlook

      Pros

      The people make work enjoyable and my days go by fast. I have enjoyed working so closely with my AVP and VP. I can see how they approach things and formulate my own strategy using some key pieces of advice from them and integrating my own ideas as well. I have been given enough freedom to decide what I will do from the moment I step into work until the moment I leave. I also have access to different resources when I need them. At this company they really encourage you to put in what you want to get out. Although it sounds cliche, it's true. There are trainings every week that reiterate important information and keep us up to speed with the ever-changing industry. The staff in charge of training is awesome and I can personally reach out to them if I have any questions. The AVP's and up maintain a relationship with every employee on their branch. I have no problem going into my boss's office and asking him a question. His door is almost always open. On top of all that, the company is growing very quickly and it means that there are a substantial amount of opportunities. I'd recommend this to all of my friends coming out of college and beyond.

      Cons

      401k could be better.

      avatar
      Lower Response
      6y
      We appreciate the review! We very much value having a positive work environment and seeing our team succeed.

      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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