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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2.0
Aug 17, 2022
Recommend
CEO approval
Business Outlook

Pros

I’ve met people that I 100% will be in touch with for a long time. Great people that work there and during the “all time low rates” the company really was the place to be of course.

Cons

Lots of areas to touch in but I will keep it simple. The pay you wanted was obtainable when rates were great. The problem was the adjustment when things started to spike. It was like upper management thought it would last forever (it doesn’t work like that). Plus in my region upper management was full of great sales people who frankly had no business managing a group of people. Metrics were constantly increasing during a rate hike and it was physically impossible to demand as much volume that was produced before! After metrics weren’t getting hit was when bad management fell into play by trying to reinvent the wheel and actually threatening jobs. Once that started nobody on the floor was comfortable and resumes across the board were being updated. Micromanaging increased and day to day life suffered. Then layoffs started happening by the masses and it was a scary environment. I pray for the people who are still there. Anyways, the sick/PTO days were combined into 3 weeks. And management would demand us to come into the office even if you fell ill and thought you had Covid… 401k was absurdly low. It feels wrong to keep going on about the bad things that happened here, but read the reviews below and you’ll see it’s a common theme.

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Lower Response
3y
We appreciate the feedback. The industry has had it’s challenges this year and our teams are working hard to ensure that we are updating processes and procedures to adapt. We wish you the best!
1.0
Aug 8, 2022
Recommend
CEO approval
Business Outlook

Pros

No mortgage or financial industry experience necessary. This makes for a great opportunity to learn the basics of the industry and gain the fundamental knowledge necessary to build a career from. Study materials and training provided for licensing process. Some truly great people have worked for this company and many of has have formed meaningful, lasting friendships.

Cons

So many. Started in sales and after a short while the promotion goal was increased. Not only that but the pay scale was also adjusted, lowering the commissions. Alarming considering the lower overall pay in relation to the industry standard. After about 1 ½ years in sales I moved to the operations side of the industry to enhance my knowledge of the process, rules, regulations, and underwriting procedures. My pay was cut once I made this move which really rubbed me the wrong way considering I had been with the company for 2 years at that point. When the pay for my position was raised back to my original level, I was left at the reduced amount. This led to me leading a team that I had built to accommodate an overflow of work and managing employees whose base salary was more than my salary. I requested a raise because of this but was told that wasn’t happening at the time so I transferred to a different team to get out of that dead end position with no opportunity for higher or additional compensation. Blatant favoritism and very much a “frat” culture. Being with the company since the beginning or being a top producer doesn’t make you a good manager, but the company acts like it does. It also seems that the people they want in leadership positions are the “yes men” that will just parrot what upper management says and won’t address the real issues at hand or have their teams backs when expectations are wildly unrealistic. Management refuses to listen to the grievances of the people that are the boots on the ground so that the broken pieces can be fixed and frankly seem content with the constant disconnect between the sales and operations staff, fueling the animosity between them. Mass layoffs. The company completely and totally dropped the ball with that. They assumed that we were dumb and would just blindly trust them when they said people were being let go due to poor performance even though some of those people were top producers. They had multiple layoffs and lied about the reasoning every time except for one of them. Lack of communication between departments, nobody is on the same page. PTO policy is ridiculous and there isn’t enough sick time. 401k match is a joke. The micromanagement is astounding, you will feel like a child sometimes. They have run their good employees into the ground and out the door by overloading them with work and some managers have even taken to threatening positions. No job is safe. They care more about quantity than quality even though they preach the opposite.

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Lower Response
3y
Thank you for your feedback. We value transparency and appreciate you sharing your experiences with us. Process improvement is always the goal. Because of employee feedback we have partnered with our Technology Team to launch new products and make improvements. We can always improve, whether through recent benefit modifications, remote work options, or additional training opportunities for managers. We wish you the best!
1.0
Aug 2, 2022

0/10 recommend

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

There is not one positive thing I can say.

Cons

I would absolutely never recommend someone to apply at lower. In fact, coming to this company is one of my biggest regrets. The pay levels are terrible. Benefits are awful. There is absolutely no room for growth. Women are treated as second class citizens. Management does not do coaching’s or want their employees to improve, they’d rather fire employees. Every single person on my team is miserable. That really says something when every person I work with hates working at Lower. The CEO is so out of touch with reality it’s embarrassing. The company takes away our leads and then we are consistently getting in trouble because we aren’t taking enough leads. Or we get left with scraps to fight over. SMS transfers are an absolute JOKE. We aren’t given the tools to succeed. We are constantly told about inflation and how our customers need money more than ever, meanwhile, multiple employees are living paycheck to paycheck and/or have second jobs. Employees are absolutely not treated fairly, depending on your job title will depend on your level of favoritism and how many leads you have access to and the quality of lead. This job is, without a doubt, the worst job I’ve had in my entire life. 0/10 recommend lower.com in any level, whether that be as an employer or as an actual mortgage company.

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Lower Response
3y
Thank you for providing your feedback. We strive to be a place that our employees love to work. We would like to hear more about your time with us so far and what we can do to make it a better experience for you. Please contact me directly to set up a time to connect, bbettinger@lower.com or I recommend connecting directly with your Manager or HR. If you would prefer to stay anonymous, please provide feedback at www.lighthouse-services.com/goLower or 443-294-4880.
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