Lower reviews

3.6

58% would recommend to a friend

(188 total reviews)
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Dan Snyder

73% approve of CEO

60% positive business outlook

Reviews by job title

188 reviews

Reviews about "Compensation"

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1.0
Sep 7, 2022
Recommend
CEO approval
Business Outlook

Pros

The people are great. You build strong bonds with people going through the same pain as you.

Cons

I don’t want to repeat everything others are saying but the more we talk about it the more likely it is to change. -Work life balance will be not an option -Promotions are indeed based on popularity with the managers -The CEO is actually lost. I have not seen anyone talk about this particular example that made me realize I no longer wanted to work for the company. The employees were asked to complete a survey about the pros and cons of working at lower as I am sure they wanted to win another “best place to work” award. Based on the reviews here you can guess that the feedback was not good. During a Friday morning zoom call, the CEO mentioned that he was going to send a new survey to “filter out the surface level complaining”. I was blown away by this and sure enough, the next survey came. The survey just so happened to be missing questions related to the biggest problems. (Benefits, pay, happiness with managers). -Pay is attractive to those directly out of college since most students are used to making scraps during school to 40k base sounds like a dream. Until you realize that you are doing far more work than 40k is worth and you can go to literally any other company and make more with more benefits and overall security -Benefits. -They lie. About a lot actually. There is an equal part that we were being told things that people thought were true, but in the end we’re not. Which comes down to the complete lack of structure in the company. Lots of temporary fixes for big problems. They lied when they told us they would cover the costs of the tests and licensing. They cover the up front costs, then start deducting money from your paycheck without telling you to pay for the costs. The company used to be great, honestly. It was a phenomenal experience in the beginning. Any of the workers that were there in the beginning will tell you that. It also explains why the managers love their job so much (along side the pay of course). Lower then tried to do too much, or let the success go to their heads, because things tanked and they tanked fast. Many, and I mean many, of the top performers left for better opportunities. I was one of them. I chose to leave prior to the layoffs. I chose to wait several months before writing this review because I didn’t want it to come from a place of emotion, but rather logic.

1.0
Aug 24, 2022

company sucks

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

not a single one honestly

Cons

well where can I start? The company is a disaster. Most of the good people left. Fired a bunch of people The BPS are the lowest in the industry, promotions go out to the favorites in the company. 40k salary aint gonna cut it. have to beg to work from home. Also diversity is straight trash, every manager is white

1.0
Aug 20, 2022

Expendable

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good training to become a loan officer

Cons

New loan officer jobs aren’t secure. HR is not responsive especially if in the Columbia location. Late commission payments. Frat environment and favoritism.

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Lower Response
3y
Thank you for your feedback. We have a best-in-class training team that provide the tools and resources for our Loan Officers to be successful. We welcome you to reach out to HR at hr@lower.com and one of team members will get back to you asap.
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