LOWER your expectations - Loan Advisor Lower Employee Review

1.0
22 Sept 2021
Recommend
CEO approval
Business outlook

Pros

Peers will become some of your best friends

Cons

- company does everything in their power to not pay you and move the goal post further -recruiters lie about the “base + commission” it is a draw and don’t be fooled -you will be micromanaged like you’ve never been before. One down week and you’d think the world is ending -One core value is “independent thinkers tightly aligned”. You’ll only do what the managers say, your own ideas don’t matter -management hoards money so tightly that at this point they are encouraging advisors to sell to family and friends, and constantly lie about mortgage benefits. Meanwhile the company bought a soccer stadium and celebrates its growth - severe disconnect from management and employees. Everyone is frustrated and actively seeks other career opportunities, while management mocks anyone who complains -don’t be fooled by positive reviews on Glassdoor. The HR department actively post fake reviews to try to hide the rest of the reviews - the 401K /time-off benefits are atrocious (when requesting time-off, employees are harshly questioned.) -severe lack of professionalism in the work place -no flexibility to work from home even though our job is easily done at home -work/life balance is about a 1/10

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Lower Response
4y
Thanks for taking the time to leave a review. We're happy to hear you met some great friends here. We appreciate the feedback and use these suggestions as we continue to evaluate ways we can improve processes. If you'd like to add any additional feedback, please reach out to us at HR@lower.com.

Explore other reviews about Lower

5.0
20 Mar 2026
Recommend
CEO approval
Business outlook

Pros

-incredible earning potential -supportive management that cares about the LO's -All the tools supplied to succeed -Great work culture, lots of fun events -Communication between team members

Cons

- sometimes files take longer than expected to close - unexpected variables in the loan process

1.0
6 Apr 2026
Recommend
CEO approval
Business outlook

Pros

There are limited pros working at Lower. Based on my experience, I would only recommend working here if you're new to the industry. Get licensed, learn the basics, and leave after a year.

Cons

If you have been in the industry for more than a year, you know products, you know guidelines, you know how to sell. That said, find a company with a comp plan that makes sense with a rate sheet that actually benefits the consumer. Ironically, rates at Lower at the Highest in the industry. You'll be asking borrowers to take on a 30-year-fixed -rate mortgage that's 50bps (or more) higher than the industry. On top of the higher pricing, you get paid a fraction of what other loan officers make. Instead of $20K/mo commissions, you'll be making $3K at best. The hourly rate is a recoverable draw so you're making $60K while other loan officers are making $200K+ per year. If that wasn't enough, your loans will sit in process FOREVER. No one knows what's going on. From VP to processor, there is zero communication. Loans will fallout left and right.

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