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

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188 reviews

Reviews about "Compensation"

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3.0
Apr 16, 2020
Recommend
CEO approval
Business Outlook

Pros

They do a good job teaching how to sell a beneficial loan and understand the basics of originating a mortgage. I really liked my direct manager.

Cons

Once you have a foundation of knowledge they don't have good resources to continue expanding your knowledge. Very limited on products you can sell. Not competitive on rates and fees, like at all - they are not LOWER than anyone. They change your compensation agreement constantly, which is my biggest negative. 401k and benefits are very weak. Technology is also not very good. Turn times, processing and underwriting are not the best. Usually your loans take 45 days to close.

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Lower Response
6y
As mentioned we have a robust training program to teach our team members selling techniques and mortgage knowledge. For most of our new team members this is their first position in the mortgage industry and having that foundation of knowledge is our top priority. In our sales training's we focus on the entire picture, not just selling the lowest rate, but understanding a borrowers financial situation to put them in the best position possible. Once comfortable in the role the training goes from daily to once a week. The weekly training's for our Senior Loan Advisor's focuses more on sharing best practices, changes in programs and fine tuning selling techniques. In addition to our general training, we provide Leadership Training for our AVP staff and hosted a Leadership Development Speaker Series to further personal and professional growth. To stay competitive with changes in the industry we do occasionally need to adjust compensation. We make these changes in order to provide better products to our borrowers and more opportunities to our staff which results in more business for our Loan Advisor's. These changes are not taken lightly or made frequently, they are made only when we see a unique opportunity to provide more business to our team members. If you had any questions on how it benefited you, I would have encouraged you to speak with your manager about the change to clear up any misconceptions.
5.0
Feb 19, 2020
Recommend
CEO approval
Business Outlook

Pros

Awesome culture, great programs to sell and the ability to make a lot of money right out of college are just a few examples of things that make this place great.

Cons

Due to the addition of new employees, the bathroom is usually so full that a lot of the time you have no where to go which forces you to wait an unreasonable amount of time. Hopefully this is addressed as we continue to grow.

5.0
Oct 31, 2019
Recommend
CEO approval
Business Outlook

Pros

Working at Lower for then past year and a half has been a life-changing experience. The company as a whole: - If you're between the ages of 22-30, this company has an incredible culture. I feel like I have made as many friends as Lower as I did back in college, and it has made my move to Columbus an incredibly fun experience. I know some people who fell into the post-college depression for a few years, but going to work every day with some of your best friends completely eliminates that possibility. - PTO is great. I'm in year two at the company and have 3 weeks of PTO. Next year I'll have a whole month. The Job: - The Loan Advisor role has truly been a character-building experience. Not many other entry-level type jobs give you the immense amount of responsibility and challenge that comes with being a loan advisor - but I think that's a good thing. There are so many experiences that I've had as a loan advisor that I know will blow away job recruiters whenever I decide to change careers. You feel like you serve a very important purpose, because you are helping people make one of the biggest financial decisions of their life. - If you are good at the job (which might take you a while), you can make a lot of money.

Cons

The company as a whole: - The 401k match isn't good The job: - It can be extremely stressful. You get to know your clients very well over the phone over the month-long origination process, and a lot of times something will come up that disqualifies them from the loan, so you have to learn how to give very bad news to people on a somewhat regular basis. It sucks, but it has thickened my skin and has really force-taught me how to communicate with people in negative situations.

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Lower Response
6y
Thanks for the review! We understand that working can be stressful. To help our team be more knowledgeable about their overall health, we provide quarterly lunch-and-learns around the topic of health. Our upcoming lunch-and-learn specifically will go over how to effectively manage stress!
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