All 5 star reviews after 2022 are BS - Loan Officer Lower Employee Review

1.0
Oct 28, 2023
Recommend
CEO approval
Business Outlook

Pros

Once upon of time, Lower was a great place to work. Great coworkers, great pay, all around great vibes!

Cons

Lower has fired so many people that there’s no continuity anymore. When you have upper management leaving one by one, it should tell you something. Employees are simply a number, you know your opinions don’t matter unless you’re a top producer or have been with the company for 40 years. They make halfass attempts to boost morale by giving crew tickets and free lunch sometimes, instead of increasing benefits. How can you not tell that we’re unhappy? Do you not notice the lack of motivation in morning meetings? Do you not notice the lack of effort put forth throughout the workday? Do you not notice the lack of turnout for company events? I think you do notice but don’t care as long as you continue to keep the overhead low.

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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