Auto Approve Reviews

3.1

48% would recommend to a friend

(82 total reviews)

48% positive business outlook

Auto Approve has an employee rating of 3.1 out of 5 stars, based on 82 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Auto Approve employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

82 reviews
2.0
26 Dec 2023

A Broken System

Recommend
CEO approval
Business outlook

Pros

The company was enjoying a high level of success and rapid growth and then lost it's way and lost some good employees.

Cons

During my first 12 months with Auto Approve the Loan Consultant compensation plan was changed 3 times. The first two adjustments seemed reasonable and was still able to make a pretty good living and the work environment was generally stable and supportive. The 3rd change was excessive and poorly timed as economic conditions changed and interest rates spiked. At the same time, the company loaded up on inexperienced, unprofessional managers. My last boss was an immature tyrant and I wasn't shocked to learn that he had previously been a manager at a strip club. All together it is a shame to see.....I was looking forward to a career with the company.

1.0
19 Feb 2024

Extremely Low Pay

Recommend
CEO approval
Business outlook

Pros

Wish I could say something positive, but there's not.

Cons

The sales directors lie to your face and claim this to be a 6 figure opportunity, you will actually make $40,000-$50,000. The number 1 sales rep last month in the entire company, did $70,000 in sales, and his total compensation on the pay calculator is $6900. The company is paying $18/hour, and basically 5% commission for every dollar of gross revenue you bring the company. Yes, 5%. Do $10,000 in sales for the company, you earn $500 commission. Not only that, but if you don't meet a bunch of other weekly metrics that don't have any effect on the company's bottom line, they will cut your 5% commission in half for that paycheck. Now they're only paying you a 2.5% commission!!! $10,000 in sales, company keeps $9750, you get $250 smackaroos. You would have to do $60,000 in sales every single month, while hitting all the other bi-weekly metrics every single pay period, all year, to even make $70,000. Look elsewhere for employment.

2.0
4 May 2024

Worst Pay Plan in Industry

Recommend
CEO approval
Business outlook

Pros

Work from home is nice

Cons

The company treats its employees like they are children. They micromanage all aspects of the job. They have changed the pay plan at least 3 in the last year and it never works in favor of the employees. Last pay plan you lost 30% of your earnings if you dont fund 42 loans a month. Only 14/70 people hit the goal and its darn near impossible to get the loans funded with their back end support team. I had more than enough loans contracted but some deals would take weeks to get to the lenderZ

Viewing 1 - 3 of 82 Reviews

Glassdoor has 83 Auto Approve reviews submitted anonymously by Auto Approve employees. Read employee reviews and ratings on Glassdoor to decide if Auto Approve is right for you.