Pros
I have been with Obsidian for over five years, and with 22 years of industry experience, I can confidently say there’s no better place to work. Like any company, they’ve faced challenges, but I’ve always received the compensation I was owed. On average, I earn between 300 to 400 BPS per file, largely due to the support I provide my clients in improving their credit and securing approvals. One standout aspect is their exceptional underwriting and process management. Having worked in both the broker and lending sectors, I can say that Obsidian’s processors consistently help me structure loans and offer guidance on how to tweak them for approval. I've worked with seven different companies, and Obsidian surpasses them all—individually and collectively.
Cons
None - Some of the negative feedback I’ve seen is from brokers who simply lack experience in the lending world.