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
Jun 1, 2022
Recommend
CEO approval
Business Outlook

Pros

Met a lot of great people. Still have a lot of close friends that I met during my time there If you like a busy/loud environments you'll love the atmosphere

Cons

- Very smoke and mirrors. It's always look at all this fun stuff we are doing but don't question any of the huge problems within the company - It sounds fun that the company is literally all under 30 years old until it's obvious that it's a ton of people that don't know how to run a company - Work life balance is non existent, unless you are okay with being bad at the job and dealing with a million one-on-ones with your bosses discussing performance. If you want to be good then prepare for a strict 9-6 at minimum and half working all hours outside of the office - The pay is wellllll below the industry standard. 80% of LOs never make above their base pay even though it is presented like the base is just a bonus for the tons of commission you'll make - Many claims against sexual harassment from upper management. I personally knew many people who quit over inappropriate behavior and then a lack of care from HR - Sales and Operations have no cohesiveness. Sales is taught to sell any loan to anyone as long as it meets barely any qualifications. Then operations pushes back and says no way this can pass. Sales and ops go back and forth fighting and the loan never goes through, therefore you don't get paid for hours of work even though you were told to sell it anyway. Meanwhile the customer is fired up blowing up your phone and confused why they have practically been lied to the entire time as you string them along - There's a ton of shadiness by upper management. Some of it is expected from anyone high up in a sales environment but you truly can't trust what they say as it will always change to fit whatever they are trying to sell you on next - The turnover is insaneee. In my 1-2 years there, on our team of about 20, I saw about 30 people come and go. The average LO lasts about 6 - 8 months. If you are wanting to grow in a company this isn't the place. Especially if you are wanting to work towards management because you will always have a team of people that just started and don't know what they are doing. Then they quit at the point where they actually do know what they're doing

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Lower Response
3y
We appreciate your feedback. Our people are what makes us exceptional and their energy and passion definitely helps set our culture. We do expect out employees to put in a full work week, but value their work life balance and time away from the office. Lower has won numerous awards for being a place that employees want to work and also for being at the top of our industry, with our leaders and managers a big part of that success.
3.0
May 24, 2022

Not fairly compensated

Recommend
CEO approval
Business Outlook

Pros

The company provided great training and leaders who provided all the resources to help you be knowledge in the product you are selling.

Cons

The possibility to make commission on a quarterly basis was not as likely as they made it seem. The heavy workload didn’t watch the compensation.

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Lower Response
3y
We appreciate you taking the time to provide feedback. It is our goal to ensure that every employee has the tools and resources they need to be successful in their role. We are always evaluating the market to ensure that we are in alignment with the industry on compensation. We wish you the best!
2.0
May 23, 2022
Recommend
CEO approval
Business Outlook

Pros

The culture at Lower, and the people you work with is really the best thing about the company. (If you are young and outgoing). The have fun events occasionally and make it seem like it is the place you want to stay at, but they are really covering you with the "lower blanket," but there are more than meets the eye.

Cons

The pay is extremely under industry standards. I heard since I have left, they upped the bips for self-sourced leads, which is still extremely low. What they pay for self sourced is less then what most places pay for simple branch generated leads or online leads. Processing is a mess - a lot of loans gets closing pushed back for things that could of be done early on or blow up for ridiculous things. You will spend half of your day in files doing things processing should be doing. Hours are awful, the draw and how commission is paid is awful, and you are stuck in a cubicle 8-10 hours a day.

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Lower Response
3y
We appreciate the feedback. We are always evaluating the market to ensure that our team is being compensated fairly. The culture and the people are truly what set us apart. We celebrate our employees throughout the year with awards, company events, team building, and anniversary acknowledgements. It’s our way of showing our teams that we see their efforts and hard work. We wish you the best!
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