Value yourself, not the money - Anonymous employee Lower Employee Review

1.0
May 3, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Meet some of your best friends - Swag, pizza? (Except when used as a coverup for mass layoffs, which happens more than it should) - Was kinda cool to be apart of while mortgage rates were still low

Cons

- Management has no clue what they’re doing, period. From the top down. - Managers are picked based on who kisses up the most or has the best metrics - neither are good marks for excellent leaders - Certain managers have no problem making you feel like you’re dumb, when you do the job they have told you to do - Employees are allowed to lie about their numbers, steal time from the company, and treat other employees terribly - The company grossly underpays their employees based on industry average - Does not provide fair raises within departments - Lower was the first company to do mass layoffs over Zoom back in October, don’t let their social media condolences to others in the same situation fool you. It’s an attempt at a good marketing tactic to lure people in. - Consistently laying off ops employees, but also hiring sales constantly? - Creates and eliminates positions on the drop of a dime - Managers do not, and will not, stick up for their employees when they are being degraded day in and day out. - Work life balance is a joke - Benefits are garbage - Family members are allowed to be on the same team as someone who is in management and receive promotions they do not deserve - Positive reviews stream in at the same time, which aligns with mass layoffs. - Your mental health will take a huge hit

avatar
Lower Response
3y
Thank you for your feedback. Mortgage is an exciting industry to be a part of! We believe in showing our teams that we appreciate their effort, through various perks. Managers are promoted for their success in their roles and then provided with all of the tools and resources they need to help their teams succeed. Executive leaders meet with managers on a consistent basis to continually offer assistance and guidance. We wish you the best!

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.

1
See reviews by: Helpful|Rating|Date|All