Very Mismanaged - Anonymous employee Lower Employee Review

1.0
May 11, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Casual office attire. Coworkers are easy to get along with.

Cons

The company likes to save money by making cuts in Operations departments. This leads to heavier workloads on remaining staff, while turn times are expected to remain the same. Meanwhile, more directors and c-level staff are onboarded. Habitual beratement of operations staff by sales management is tolerated by their superiors, and thus has not been meaningfully addressed despite constant feedback. Staff is not given the resources, help, or time we need to successfully address client concerns, which causes frustration on their end. Much time and energy is spent working on damage control due to this, which could have been better spent driving solutions. Work from home is not permitted for most producing employees (sales and operations), but is permitted for many corporate staff and managers. Technology issues also cause major delays, despite constant promises of improvement, and the support teams are less than helpful. Virtual desktop is extremely slow. Issues with Encompass (main software) can take weeks to solve, and the long-drawn issues are usually not solved by the Encompass team. Most technology developments are surface level changes for clients, rather than back end technology to help staff complete their files quicker. Many tech tasks on the back end are very manual and slow. Company also breached employee personal data last fall including bank info and social security numbers.

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Lower Response
3y
Thank you for the feedback. The customer’s experience and satisfaction are our top priority. Our tech team is creating ways to provide a seamless and efficient process for our teams and for our customers. I would like to hear more about your experiences while here; please contact me directly at bbettinger@lower.com. 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

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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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