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
Jun 11, 2022
Recommend
CEO approval
Business Outlook

Pros

Easy Hiring Process. Fun atmosphere. Top notch training department. (When I was there, I’ve since heard that has changed for the worst.) Off work earlier on Fridays.

Cons

Everything else. Pay: Was told time and time again, that we were paid a base salary. Incorrect we were paid hourly. Which severely impacts your income when the expectation is that you work outside your working hours and aren’t compensated for it. We were actually told that we would not get paid overtime as your bonus would your payout. This is fine if your salaries, not hourly. This caused a severe reduction in earned income. Only 40 hours of PTO. That includes sick, vacation or personal time. If you have a life or kids, they won’t see you or you won’t get paid. Work place: though the atmosphere is fun and energetic below it there is cliques, backstabbing, malicious slander, sexual misconduct, gossip and management that need training in HR policies. Too often employee who has lives outside the office were condemned or viewed as the week link in the team. Ultimately we left this company feeling as though it was a sorority/fraternity house with a financial mission. Products for customers: time and time again, it was preached that we were helping people achieve homeownership. And for very qualified people that is true. As long as you have the money in place via gift or savings you can get a loan with Lower. Lower of little to no down payment assistance with outside orgs. This was seen as to cumbersome to the employees, so tell those customers go somewhere else. I’m sure that unintentionally this leads to hosting disparities I’m certain demographics. They also see it as a waste of time to handle lower loan amounts and if you do a loan under 100k, based on there pay structure it might be. Employment practices: when you look at the company with the eye test, minorities aren’t a part of management positions and make up only a unrealistic margin of the overall employment numbers. There is no diversity of color or thought within Lower.

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Lower Response
3y
We appreciate your feedback. We agree, our Training Team is top notch and ensure that every employee is set up for success! Our main goal, as a mission driven fintech, is to work with every customer to provide them a path to homeownership. We value Diversity and Inclusion and with that diversity of thoughts and experiences. In 2022, we have formed significant D&I relationships as well as formed numerous Employee Resource Groups. We continue to embed D&I into our Talent Acquisition outreach. Additionally, we continuously evaluate our benefits and have increased PTO for new employees from two weeks to three weeks. Best of luck in your career!
4.0
Jun 9, 2022
Recommend
CEO approval
Business Outlook

Pros

Great culture and commission opportunity

Cons

Limited career development, low base pay

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Lower Response
3y
Thank you for your feedback. We put a lot of consideration into our compensation plans and continuously evaluate the industry to guide our base and commission structure. We pride ourselves on the untapped growth potential for our employees. Please reach out to our Talent Acquisition team at careers@lower.com so we can discuss your career goals. We are happy to have you on the team!
2.0
Jun 2, 2022
Recommend
CEO approval
Business Outlook

Pros

Everyone there is equally okay

Cons

Managers don’t invest time into employees, commission structures are always changing every month, goals unattainable

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Lower Response
3y
We are happy to have you on the team and appreciate your input. It’s important to us that all our employees are successful and want to ensure that you have the resources you need to do that. I would like to connect to hear about your experiences thus far and see if we can make them better. Please contact me directly at bbettinger@lower.com.
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