Lower reviews

Again this was a placeholder, the pathetic "base salary" (it's really a draw you'll never cover) and the low BPS are not attractive for experienced loan officers. The wArM lEaDs (the piles of subprime credit score files) are hot garbage in a slowed down market and yet they keep spewing the "high growth, we're hiring new people" BS. Not one mortgage company in the country is busy enough right now to be bringing on dozens at a time. The software and systems used are antiquated and they use the cheap low end version of Salesforce. "Sales" trainings are laughable. Managers/Team Leads or "SVP's" as a they like to call themselves to inflate their egos, will not support you and will make you feel stupid when you're all still lost weeks in. SVP/AVPs at actual banks and reputable lenders would laugh if they witnessed this company. On top of all of these existing cons, if you are brought on as a remote employee, you will not be properly trained on any of it. We worked with the trainer for maybe two hours a day and were told to work through the curriculum for the other hours. It was absolutely demoralizing. Managers/Team Leads or "SVP's" as a they like to call themselves to inflate their egos, will not support you and will make you feel stupid when you're all still lost weeks in. I didn't speak to my team lead 1 on 1 for my entire first month and the first time I did it was a reminder of why I continued to spend any free time applying to legitimate companies.

There are a lot of Cons, but I will focus on the most relevant ones for now. Lead Quality - a great deal of the leads you talk to don't really want to refinance/purchase, they were just 'checking rates' and ended up bombarded with calls Lead Transfers - the SDRs who transfer leads are a great source of frustration. Many have no idea what they are doing, probably because Lower trains them for a day or two max. Once they are there for a while, they try to just transfer you any person that actually answers so they can inflate their stats, they absolutely don't care how much it hurts your sales prospects. They are making a transfer for the sake of making a transfer and it doesn't help anyone. Lead Amounts - there are often not that many of the low-quality leads available. There were multiple times management promised there would be a ton of leads, only to end up with very few, due to tech issues or whatever. I definitely stopped believing them after a while Tech Incompetence - for a company that pretends to be a Fintech (please mock this in the Friday meeting, I'll know ;-)) they cannot get tech installed, failed rollouts, systems constantly down, security issues, etc. etc. etc. Every company has this, I know, but it's definitely worse here. Management - many of the supervisors reached their position due to seniority with the company (started on day 1 assembling the Ikea desks - lol) or through sales performance. This does not make someone a good leader and if you work here you will certainly find out why! Deceit and Failed promises - after being told so many things that turned out not to be true, I stopped wondering if it was due to lies or incompetence, and honestly, I don't care anymore. Examples - there was an ill-advised hiring rush during 2020/2021. They told many people to "just come on as sales, if it doesn't work, we'll find something for you" - this turned out to be untrue. People who wanted to move to Ops were told no, and ended up leaving. Many hired on at this time expected to work there for a while as they said it was a "great job" with "great culture." But they ended up cutting them when the market changed or adjusting the standards to be so unreachable that they had a "reason" to lay them off. As mentioned before they said "we have a lot of great leads for you", also untrue. Another thing was the team they started that was focused on low margin loans. They lowered the commissions for those people, with the promise that they would be selling a ton, this never happened and many ended up leaving - yet another failed promise. Abuse of this site - this ties in to the above, but is blatantly deceit. they constantly try to pad the rating here with fake 5 star reviews. If you see a review that says "I can't think of any cons" or "too many pros to list", be assured it is fake. The rating has been decreasing, but it should really be a lot... Lower. Deceitful recruiting on other social media - another mortgage company laid off a bunch of employees over a video call and it became a big issue. Lower managers deceitfully acted like they cared about these people and were doing them a favor by offering a position with a "better" company. But Lower laid off a bunch of people the same way before this company did! They were acting like they were so caring, but they'd done the same thing.