Dumpster Fire - Anonymous employee Lower Employee Review

1.0
Oct 4, 2022
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

None to speak of these days. All the “pros” of the company have been fired or driven out. Oh wait there’s a barber shop! So if you’re shipping out tomorrow you’re in the right place.

Cons

Just read the reviews. Not a lie has been told. With the exception of the contrived responses from HR. I think one of the HR reps tasked with responding has since been fired (LOL) Favoritism to an extreme here - you might notice some very fishy trends. Last thing worth mentioning that hasn’t already been said. This company is probably never going public but they want you to believe it just long enough that the two talking heads (you know) can make their fat paycheck when they make their exit. It was never about the people/optimizing home ownership. It was always about pumping it up for a rug pull on the people whose backs it was built off of. They’re not even clever enough to hide it, if you just listen to what they have said you’ll hear exactly what’s happening.

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.

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