Lower your expectations - Senior Loan Advisor Lower Employee Review

1.0
Jun 1, 2022
Recommend
CEO approval
Business Outlook

Pros

Met a lot of great people. Still have a lot of close friends that I met during my time there If you like a busy/loud environments you'll love the atmosphere

Cons

- Very smoke and mirrors. It's always look at all this fun stuff we are doing but don't question any of the huge problems within the company - It sounds fun that the company is literally all under 30 years old until it's obvious that it's a ton of people that don't know how to run a company - Work life balance is non existent, unless you are okay with being bad at the job and dealing with a million one-on-ones with your bosses discussing performance. If you want to be good then prepare for a strict 9-6 at minimum and half working all hours outside of the office - The pay is wellllll below the industry standard. 80% of LOs never make above their base pay even though it is presented like the base is just a bonus for the tons of commission you'll make - Many claims against sexual harassment from upper management. I personally knew many people who quit over inappropriate behavior and then a lack of care from HR - Sales and Operations have no cohesiveness. Sales is taught to sell any loan to anyone as long as it meets barely any qualifications. Then operations pushes back and says no way this can pass. Sales and ops go back and forth fighting and the loan never goes through, therefore you don't get paid for hours of work even though you were told to sell it anyway. Meanwhile the customer is fired up blowing up your phone and confused why they have practically been lied to the entire time as you string them along - There's a ton of shadiness by upper management. Some of it is expected from anyone high up in a sales environment but you truly can't trust what they say as it will always change to fit whatever they are trying to sell you on next - The turnover is insaneee. In my 1-2 years there, on our team of about 20, I saw about 30 people come and go. The average LO lasts about 6 - 8 months. If you are wanting to grow in a company this isn't the place. Especially if you are wanting to work towards management because you will always have a team of people that just started and don't know what they are doing. Then they quit at the point where they actually do know what they're doing

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Lower Response
3y
We appreciate your feedback. Our people are what makes us exceptional and their energy and passion definitely helps set our culture. We do expect out employees to put in a full work week, but value their work life balance and time away from the office. Lower has won numerous awards for being a place that employees want to work and also for being at the top of our industry, with our leaders and managers a big part of that success.

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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