Top Performers Run Away! - Loan Officer RenoFi Employee Review

1.0
Oct 27, 2025
Recommend
CEO approval
Business Outlook

Pros

- great product fit, help alot of homeowners and it feels good - 10-15 inbound leads per day (50% warm, 50% trigger)

Cons

- zero sales culture - not interested in paying out top performers or having long term sales reps. top performers get their comp plan modified and pipeline reduced, not emboldended to keep growing and get a team going - Maybe 15% of the sales team is making over $100k - leadership is non existent, problems are not solved, they are replaced - commission caps $2500 and average sales cycle is 9-15 months (you get paid min wage by the time the deal closes) - leads are first come, first serve basis so the limited leads that do come in are very competitively sought after - company has not had 1 profitable year, it trickles down into every aspect of your job, everthing is to pinch pennies and minimize cost. - Senior Mgmt and operations roles who left, were not replaced so get ready to sell a LEAN operations process with 180 day turn times (absolutely unacceptable for any lending institution). - Customers are exhausted by closing, hard to get reviews

Explore other reviews about RenoFi

5.0
Jun 19, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Joining this company four years ago has been one of the best career decisions I've made. From day one, I've been given the autonomy to own my role and the trust of the team to execute without micromanagement. I genuinely feel valued — not just as a contributor, but as a person. Leadership holds people accountable, but in a solutions-oriented way. There's no finger-pointing culture here; when challenges come up, the focus is on fixing them and moving forward. That kind of environment makes it easy to bring your best every day. The three co-founders are genuinely good people, and that tone starts at the top — they've built a culture that feels equitable, respectful, and welcoming. There's also a real commitment to work-life balance here, not just the buzzword version. Time off is truly respected; you're not expected to monitor messages or respond while you're out. That boundary is modeled from leadership down, which makes it actually mean something.

Cons

Like most mortgage fintech companies, there's an inherent tension between legacy industry thinking and a more modern, improvement-driven approach. Some experienced hires bring deep industry knowledge that is genuinely valuable, but can also come with a "this is how it's always been done" mindset that slows down progress. A stronger collective commitment to growth and change would go a long way.

5.0
May 20, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I’ve been at RenoFi for over a year and have found it to be a great place to work. The people are my favorite part of the company— the team is down to earth, hardworking, supportive, and always doing their best to help the company grow. There’s a high level of trust and autonomy, and you’re treated like an adult. In general I’ve found the team at RenoFi to be flexible, open to feedback, and constantly looking for ways to improve and evolve. It’s a collaborative environment where people care about the work and about each other.

Cons

Like many startups, there are some growing pains that come with scaling quickly. Priorities and processes can shift frequently, and it can sometimes be difficult to be in keep in alignment for best practices as the company evolves.

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