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      Lower

      Engaged Employer

      Lower reviews

      It will *lower* your mood - Loan Advisor Lower Employee Review

      1.0
      Jun 4, 2022
      Loan advisor
      Recommend
      CEO approval
      Business Outlook

      Pros

      The only pro is some of the friends you will make in the short time you're all there

      Cons

      - The company thinks that happy hours and cool "swag" items will make up for them not caring about employees, just concerned how they look to the outside - A lot of shady business that upper management could not care less about whether it affects employees or customers - The people in management have no experience and they only get there by being good at sales for a couple years; does not make them qualified to run an entire team and it shows - They will pick a few favorites and everyone else is irrelevant - Overall unethical behavior within the office - Expect to work a ton of outside hours, with no pay for it - More than half of the leads are unqualified because the company does not care to find decent leads or organize within the system; waste of time day to day - 401k match is awful - Will hire people straight out of college with no knowledge or interest in the industry, clearly cannot retain employees as the retention rate is terrible, everybody quits once they realize what actually goes on inside. Instead of wasting time here you should find a company where you can actually make money that is worth what you're doing

      avatar
      Lower Response
      3y
      We appreciate your feedback. We are always evaluating the market to ensure that our employees are being paid equitably. Our managers are promoted from within and we have built a management training program to provide them the tools and guidance that they need to be successful. Our employees are what makes us great and we work to acknowledge efforts every way that we can, which does include swag and employee events. We wish you the best!

      Explore other reviews about Lower

      5.0
      Mar 20, 2026
      Sr. loan officer
      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
      Mortgage loan officer
      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
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