Sales is sales - Loan Officer RateGenius Employee Review

4.0
Jan 20, 2015
Recommend
CEO approval
Business Outlook

Pros

Very aggressive comp plan. Get all major holidays off. Great group of people. Free health insurance. Free Red Bull and snacks. And a few people make over $10k a month in sales.

Cons

Commission only. They say they are family oriented, but its structured in sales to where taking even a week off for vacation could cost you $5,000 in lost commission between 2 months. But you make enough that if you work 50 hours a week and are a capable closer, that you can afford to take the loss if you are desperate for a week off. Not many people do this. The income opportunity may be dwindling ever so slightly, but its still a $4-$7k a month job. If you are making $4k, they will put you on notice and threaten to take away the opportunity though. High turnover lately, didn't seem like that when I started.

Explore other reviews about RateGenius

5.0
Jan 23, 2025
Recommend
CEO approval
Business Outlook

Pros

Good money warm leads easy process

Cons

Market shifts can affect the appeal of your offer

2.0
May 8, 2025
Recommend
CEO approval
Business Outlook

Pros

Good health benefits if you are single

Cons

Horrible management, constantly changed compensation. Was a good company prior to AutoPay Aquiring them

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