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 2, 2023
Recommend
CEO approval
Business Outlook

Pros

Base pay was good but I think they made a mistake

Cons

High pressured sales. Encouraged to put people in bad loans. I left to preserve my NMLS reputation.

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Lower Response
3y
We would like to hear more about what you're experiencing. I encourage you to reach out to hr@lower.com to provide feedback on your experience. Lower has a dedicated Quality Control team that ensures all loans are adding benefit to our borrowers and meets guidelines. We sell our loans to investors who would not buy "bad loans". In a Loan Consultant sales role, your job is to highlight the benefits for borrowers and close the loan. You are held accountable to meeting sales expectations. However, getting the sale should never come before unethical behavior.
1.0
Feb 24, 2023

Crash and burn

Recommend
CEO approval
Business Outlook

Pros

Good while it lasted (for a very short time)

Cons

Read all the reviews, they speak for themselves. Manipulative management, false promises, complete lack of business integrity.

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Lower Response
3y
We would like to hear more about what you're experiencing. I encourage you to reach out to hr@lower.com to provide feedback on your experience.
2.0
Feb 5, 2023

Stay Away from this Company

Recommend
CEO approval
Business Outlook

Pros

Great people work here, very relaxed work environment. They hold company happy hours and events to show appreciation.

Cons

Not an environment set up to help you succeed. Lead distribution right now is completely unfair with half of us taking calls from people who have no possibility of buying a home and the other half of us are taking leads from people who are pretty much in the process of buying a home already. Nobody except maybe 10% of sales is making any money. Leadership is an absolute joke and just like all the other reviews said we’ve been fed empty promises and lies for two years. Once a very happy place to work lots of people, great trainings and opportunities for growth but like other mortgage companies this one was severely mismanaged and they did massive layoffs leaving many people high and dry. Everyone is looking for the door. There is no confidence this company will succeed in the future. I’ve had many conversations with competitors as I decide if I even want to continue in this field. There’s a consensus agreement amongst competitors this company probably won’t last through 2023. They claim they’re fine but are slashing cost at every turn and if that means your job then oh well they could careless. Currently aren’t making employees happy nobody is making money and these idiots are talking about hiring loan officers again. Good luck with that you can’t even make your current employees happy. Lied to all employees about company ownership. Told us we would receive a piece of the pie but forgot to mention we have to buy our way in lol so you expect us to buy into your failing company when your under paying us anyway?

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Lower Response
3y
I can assure you we are not going out of business. We had to make tough decisions in 2022 to battle the change in the mortgage industry. With 2022 behind us, in 2023 we are committed to getting back to growth and opportunities for our team members.
Viewing 133 - 135 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.