Do not work here - Assistant Vice President Sales Lower Employee Review

1.0
Dec 13, 2022
Recommend
CEO approval
Business Outlook

Pros

Like almost all have said, the people that I have met while being here were and are still my best friends. Company cannot take credit for that though. It happened irrespective of the terrible company. Well... maybe they can in a sense, misery loves company and maybe that is why everyone (ground floor) became so close.

Cons

Cons... where do I start. Literally, cannot or do not feel like going through all them. They have been said much better than I can in other reviews. Anyone reading this, save your time and go elsewhere. Or until there is little to no one left in the upper management positions that were there pre 2022 where only the name is left. Probably should change the name after this now though too. To list a few: - Extremely unethical and immoral practices (encouraged to lie and deceit potential customers). -Terrible comp ( I was top 20 in sales in the company). Knew people at other companies during same time making 3x as much. They were not even close to top producers. -Incompetent management (nepotism no merit) - HORRIBLE BENEFITS (this cannot be overstated) - Terrible backend process -ALMOST all positive reviews are fake. They required new onboards, literally in the first week, to leave five start reviews. Not only employee reviews but customers as well. Huge amount of those were fake because they encouraged fake reviews from friends, family, multiple email accounts so you could get your bonuses. Really could name a lot more. *By the way, I am not a disgruntled ex employee who did not perform, got sacked, had a terrible relationship with people at the company and now am mad at the company. Without giving too much away, I moved up the company very quickly and was in the top 20 in production for the company as a loan advisor. I met my best friends and have have a better job. I left, on my own, as this company was terrible. This is just my honest review.

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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