Do Not Waste Your Time (There is no way the "good" reviews are real) Please read if you want some inside knowledge. - Anonymous employee Lower Employee Review

1.0
Jan 21, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Mostly young people hired, met some great co-workers. Thats about it.

Cons

Not sure where to start- I was finding out too much information that led me to not being able to mentally work for people that run this place. I have worked a lot of jobs, this is the only one where poor management made me quit. They make the company seem cool with their little parties, ping pong/ pool tables and social media- but they just lie to employees. All they care about is quantity, not quality. -I worked here for over 6 months, ever since the company partnered with another company and put their naming rights on the Crew stadium I noticed a drastic change. I saw mass hires and MASS fires, they over projected what they could handle. They micromanage you to the extreme, which also made me very anxious, everyday people were going in worried about job stability wondering if they were going to be fired that day. They micromanage so hard I saw a new employee had to write 50 TIMES ON A PIECE OF PAPER something so they would not forget it. I'm sorry, are we in 1st grade? Making a grown adult write out repetitive words? I came back from lunch 1 minute late because elevator was slow and got yelled at in front of a whole team, feeling embarrassed. But yet if you needed help or critiquing, managers wont use their time to help you. -They spend an absurd amount of money on a new system they migrated to over the summer that does not work. One of their new reps for that system emailed account managers admitted to NOT BUYING LEADS for a few months. But they raised standards for account managers, and loan advisors. Tell me how that makes sense? On Friday morning meetings they (CEO and higher ups) would say how many leads they are buying but I saw that email with my own eyes that money was not being spent on a lot of leads? Not having new leads forced account managers to call customers who previously closed with Lower, like from 2020 when rates were insanely good. Calling these people over and over again, harassing them over the phone. My co-worker was called a poor salesman because he did not want to sell someone at a higher rate and longer term than what they were on. An AVP also had mentioned we were all "expendable." -Along with that, they kept changing the bonus structure, essentially setting people up for failure. Account Managers and Loan Advisors. Nobody was hitting goals, which trickled all the way down to operations. They moved officers into different departments controlling what kind of loans they could close. They cut AVPS pay as well. How are you going to spend $300,000 a month on your name on a stadium and another $300,000 a month on a system that does not work but do not wanna pay your employees what they are worthy of? -They say there was opportunity for growth but never let my co-worker get on the Loan Advisor path (as they were producing at their position well). They also claim to hire within but one of the teams had a new team lead opening, hired an outsider nobody knew about without telling anyone or the current employee who was well at his job interviewing for that roll. -On a Friday morning meeting they said "they had new innovations for operations coming", then proceeded to fire a whole department in Operations without any notice beforehand. (I'll let that speak for itself.) -The benefits are not great, insurance was awful and 10 days off is it-sick and PTO together. 401K match non-existent. The hours are awful, especially Mondays 9-7.

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Lower Response
4y
Thanks for taking the time to leave a review. We appreciate your feedback and will use this to address concerns where appropriate. If you would like to provide any additional feedback, please reach out to us at HR@lower.com.

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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