Lower reviews

3.6

58% would recommend to a friend

(684 total reviews)
avatar

Dan Snyder

73% approve of CEO

60% positive business outlook

Lower has an employee rating of 3.6 out of 5 stars, based on 684 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Lower employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

684 reviews
1.0
Mar 16, 2022
Recommend
CEO approval
Business Outlook

Pros

People are stellar, they do allow to work from home if you just ask

Cons

Really strange, no common sense in management and if there's any trouble at all they make layoffs. I was in the third wave of layoffs since I started there. Micromanaging is a huge problem, compensation is minimal relative to how much you have to do. They train people and fire them, I have no idea what their plan is.

1.0
Mar 3, 2022

A Joke

Recommend
CEO approval
Business Outlook

Pros

Cool people, can make good money (can make more at other mortgage companies, it’s just the industry)

Cons

Haven’t worked here in 8 months, yet I get a letter in the mail saying my personal information got hacked 2 months ago. This company is extremely dysfunctional, and upper management is in a fairy tail land saying it’s great. Rates are up, business is down, and Lower will fail in the next 0-3 years. They are propped up of series A funding, which is the only thing keeping the company alive. It was a quick cash grab during the refi boom, but after I have no clue how they will pay the bills. ALSO: The positive reviews on here are 1000% fake. No one likes working here unless you are a manager making money off your LOs backs.

2.0
Feb 11, 2022
Recommend
CEO approval
Business Outlook

Pros

Some of the people are cool, decent environment

Cons

Majority of the people who work for lower think they are hot stuff when really they are just your normal average sales person. High school drama everywhere you look including the higher management. Your training to become a loan officer is not structured and very confusing. They kinda teach you something once and after if you don’t remember it, they gilt you for not knowing it. The home equity line of credit product is a total scam. It seems like an unbelievable product at first, but when you become more knowledgeable within the mortgage industry, it absolutely hurts the borrowers credit score and always comes at a higher interest rate. The pay structure always changes for the worse. Once you make quota, management magically changes your comp plan to make a lot less. Also management loves to micromanage you, they HAVE to know where you are at all times. They even gilt you for missing work no matter what. The lead quality was okay, majority of the time people who apply for a home equity line of credit think they will get a stand alone second mortgage. Not the truth with lowers products. I left the company and made 6 figures else where. Less stress, better work life balance, better pay, better leads, better training. Don’t be that college kid that gets trick into this company

Viewing 61 - 63 of 684 Reviews

Glassdoor has 719 Lower reviews submitted anonymously by Lower employees. Read employee reviews and ratings on Glassdoor to decide if Lower is right for you.