Worst Place to Work - Anonymous employee Lower Employee Review

1.0
Aug 23, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Some of the people there are what made it bearable.

Cons

This is the absolute worst company I have worked for and I highly recommend looking elsewhere. I have seen so many amazing people and entire teams get laid off without a valid explanation. Friday “company” meetings are primarily about sales and only highlight a small portion of what teams really helped close a loan. Majority of the people in leadership don’t have previous leadership experience and need serious training. Lower’s culture used to be somewhat fun, but became very cliquey over time. Leaders retaliate against employees if you aren’t inside their “circle of friends” and shun you when you leave. The blatant disregard for harassment towards female employees is outrageous. Benefits, PTO, pay and work/life balance is laughable. The micromanagement, in almost every department, is some of the worst I’ve seen in a company that makes it unbearable to work here. There are very few growth opportunities unless you have been with the company since the beginning and they don’t try to hide it. I could go on about this company but do yourself a favor and run in the other direction.

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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