This is not a fake review - Loan Officer Lower Employee Review

1.0
Feb 17, 2022
Recommend
CEO approval
Business Outlook

Pros

Lower paid for my licensing. Met some great people.

Cons

Pull up a chair and get comfortable. Unless you’re sitting in the office at Smiths Mill, I’m sure your AVP will be walking up to ask you about an update for an application you took on a borrower with a 574 credit score and no assets. Be sure to send them to ASR! So yes, first con is micro managing. It got much worse as time went on. Waiting over 2 hours for your phone to ring so you can take an app is super exciting. And then being questioned about why you’re not taking leads is even more exciting! The draw for commission should be illegal. At least that’s how it feels. Yes, we understand how the non-recoverable draw works. But just because you’ve gotten really good at explaining it, it doesn’t make it right. It’s terrible. Absolute hot garbage. Sure, young adults straight out of college will buy into your cool hip culture where you see the same 5 people on the lower Instagram everyday. But at the end of the day this company is just lying to you. That’s why I’ve seen AVP’s leave and multiple seniors leave. We need money. And everyone who has left is automatically making more money. If you’re reading this and on the edge. YOU NEED TO LEAVE *tik tok sound* Operations and Sales hate each other basically. It’s not sales fault when you haven’t sent closing instructions to title 24 hours before closing. Or maybe it is Sales fault, I mean we do have to get into sooo much back end at Lower. No worries, your managers will make that seem like a normal thing in the industry. CoughcoughITSNOTcough There’s some cocky people that walk around the sales floor and it doesn’t make sense. Like I see what you drove into the parking lot today, you’re not pushin P and you’re barely pushin 50k per year. The candy at the front desk is BAD. Yea, the innocent front desk lady is not getting out of this review unscathed. Can’t wait for the HR person to respond to this email about things they’ve never experienced

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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