I never post anything but feel compelled to warn experienced LO's in CA considering working for this company.
Upper management has no work experience in any position in mortgage lending industry. You will be micro-managed to the point that you will want to bang your head against a brick wall. The management style is pure dictatorship and they will get in the way of you doing what's needed to earn good commission.
PROCESSORS - company does not hire experienced processors and loads their pipeline with 100's of loans to process which they have the power to cancel your APP without letting you know. They will ask your borrower to cancel their app or make the process so tedious that your borrowers will cancel on their own. WHY = TO LIGHTEN THEIR PIPELINE.
APPLICANTS - many APPS that you will take will go nowhere. BORROWERS will look at consumer reviews which are SO BAD (not 1 good review on any website) SO THEY WILL EITHER HAVE THE COURTESY TO TELL YOU or you will never hear from them again.
YOUR SCHEDULE - good luck with that! You will not be able to utilize your own time management and you will not be given ample time to follow up with borrowers or potential leads sitting on the fence = you have a set schedule which will require you to take incoming calls or telemarket old leads that have been hammered for the past 8 years.
The perfect candidate for a loan officer position with this company is someone with no or very little experience. This is an order taker position. Someone with no exposure to the industry will not know the difference and upper management can take advantage of that.
Company does not care about it's employees, just wants to work you to death with no perks. Once things slow down, it's, "see ya later", thanks for all the hard work, here's your package which includes nothing, no severance, no unpaid vacation time...nothing, not even if you worked there for 30 years! The owner is out for him for lining his pockets as well as his family who also work for the company. If you plan on working for a good company, look elsewhere, I would not recommend Freedom so beware if you choose to work there, YOU HAVE BEEN WARNED!
I've worked for Freedom Mortgage for one year. I've found it to be a strong company with good ethical values and an emphasis on customer retention. The company employs more than 3000 people and has over 25 locations around the country