Pros
There are some polarizing reviews, the truth is, they're both real, and it's disingenuous to say otherwise. The negative reviews claiming the 5 stars are "fake" are the same people who didn't see success and were terminated or left, in their worldview it's impossible for others to genuinely enjoy their work because that only leaves room for one reality: others are enjoying success, and they failed on their own accord. That is not to say their cons are not genuine, they are and should also be considered. The good reviews speak of: - The culture, it's fun, vibrant, energetic, modern. - The compensation, the average is at the very top of the direct to consumer mortgage industry, those having success highlight this. - “The People” – Includes management.
Cons
The negative reviews speak of: - The "frat boy" culture: Lower.com hires, trains and develops, entry level salespeople. Sales attracts more men than women, entry level attracts more young than old. The demographic of an entry level sales professional is the demographic - this could be considered a con. - "Loan Advisors are undercompensate” or worse The money is in the commission - it's a sales job, those not having success highlight lack of pay - they highlight higher bips are available elsewhere but that's if you self gen your business, and that wouldn't have changed their lack of success. -"Lack of PTO" You be the judge, 2 weeks year 1, 3 weeks year 2, 4 weeks year 3. My opinion? competitive for an entry-level sales position, expectations are warped for individuals who don't like to work (hence didn't see success, and were terminated or left) -“Management” If you’re not having success, you’ll get management’s focus, this can be considered micromanagement, stats are heavily emphasized. Results driven culture could be a con. -“High Stress Work/Life Balance” Hours are standard 40-hour week, but I agree, it’s high stress and some people bring that stress home, creating an imbalance. Why is it stressful? (1) Results driven compensation, if you’re not working you’re not earning. (2) You’re working with client’s largest asset and liability, sometimes things go wrong, emotions run high – loan advisors absorb that stress. Those not having success will not find any of that worth it, I get it. “Constant changes” Accurate, can create stress. Lower.com is a startup, with many ways to improve, improving takes change, some work some don’t, must roll with those punches. -"401k Match" It's not good.
