Wouldn't be surprised if they are bought out soon, how long with lower.com field last too? - Senior Loan Officer Lower Employee Review

2.0
Nov 30, 2022
Recommend
CEO approval
Business Outlook

Pros

I have made some very good friends over my time at Lower. We went through the grind and disfunction together and I will continue to stay in touch. The in house barber, Jomar, is the best in the city.

Cons

Lower pay compared to any other company when I first started. We would start with a lower base salary and the commission was significantly lower than competitors. Metrics are changed constantly, and the commission structure is built against employees making money. Incredibly bad work/life balance. There are so many empty promises from leadership it is hard to name them all. But know this, management will put themselves before the best welfare of the employee any day. Anything to save a dollar while the ship is sinking. I wonder if the Crew stadium will have to be renamed.. Everyone is currently on their way out. Each day you'll hear of another loan advisor going to another company. We all are taking interviews, and most are even leaving the mortgage industry because of how this was handled. A once bustling office, now is a depressing ghost town. When is the next mass layoff? Who are you going to lie to this time? I'm sure Dan, Mark, and everyone at the top got their money, while under paying their employees, and severely mismanaging the direction of the company. If you are reading these reviews, I would highly suggest you looking into any other mortgage company for a job.

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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