79 Loan Originator Reviews
Submit a ReviewPlease give us a one liner to describe this review.
"The company was ran by a man who just entered into the mortgage industry."
What do you like about working at Cambridge Funding Group?
"Flexibility"
Do you have any tips for others interviewing with this company?
"Don't go."
What don't you like about working at Cambridge Funding Group?
"The owner did not know what he was doing."
What suggestions do you have for management?
"The company is shut down."
Please give us a one liner to describe this review.
"top three employers"
What do you like about working at Ameriquest?
"Continued training, incentives, fun environment, talented staff, open door policies with upper management"
Do you have any tips for others interviewing with this company?
"Be professional"
What don't you like about working at Ameriquest?
"The lack of communication"
What suggestions do you have for management?
"Be more open and flexible to the suggestions from the loan officers"
Please give us a one liner to describe this review.
"Awesome training and team to get started in the mortgage industry"
What do you like about working at First Horizon Home Loans?
"Great personal coaching program"
What don't you like about working at First Horizon Home Loans?
"Corporate bank structure"
Please give us a one liner to describe this review.
"Wonderful support and working environment"
Do you have any tips for others interviewing with this company?
"Be confident and smile."
What don't you like about working at Barksdale Federal Credit Union?
"the location in Louisana, no fault of BFCU"
What suggestions do you have for management?
"Cordieann Bright was very supportive and helpful."
Please give us a one liner to describe this review.
"Necessary and essential."
What do you like about working at Crown Mortgage?
"An ability to communicate with a large audience which helped me develop my skills as a closer."
What don't you like about working at Crown Mortgage?
"The company was a sub-prime lender and used un-ethical business practices. As a result they are no longer in business."
What suggestions do you have for management?
"There is no management anymore."
What do you like about working at Commonwealth United Mortgage?
"I liked the promise of professional growth."
What don't you like about working at Commonwealth United Mortgage?
"I didn't like the failure of ownership to follow through on promises made."
What suggestions do you have for management?
"Follow through with what you present in order to keep staff."
Please give us a one liner to describe this review.
"Great place to work/Wrong business wrong time"
What do you like about working at Premier Mortgage Funding?
"-Flexibility-pride from closing sales-ability to be yourself"
Do you have any tips for others interviewing with this company?
"-Ability to have a good time while working hard is a necessity"
What don't you like about working at Premier Mortgage Funding?
"-not closing sales as a result of down market-no base salary"
What suggestions do you have for management?
"-provide better benefits-market more diversely"
Please give us a one liner to describe this review.
"EXCELLENT EMPLOYER"
What do you like about working at American Savings Bank?
"GOOD PRODUCTS"
What don't you like about working at American Savings Bank?
"NOTHING"
What do you like about working at Great Western Bank?
"The mortgage loan division was always challenging and financially rewarding and tons of fun."
Do you have any tips for others interviewing with this company?
"It would be a great place to work if it was still around."
What don't you like about working at Great Western Bank?
"I can not recall anything at this time that was not liked."
What suggestions do you have for management?
"I was fortunate to work with one of the best managers. Linda Howard was a wonderful coworker and boss."
Please give us a one liner to describe this review.
"Really learned alot and enjoyed what I was doing while being very successful"
What do you like about working at Colorado Federal Savings Bank?
"The people, environment and the diversity of our programs"
Do you have any tips for others interviewing with this company?
"Have knowledge of the industry and it's programs"
What don't you like about working at Colorado Federal Savings Bank?
"Nothing"
What suggestions do you have for management?
"None, the management was great!"
What do you like about working at Bristol Home Lending?
"I enjoyed closing loans and helping other obtain what they are seeking."
Do you have any tips for others interviewing with this company?
"Out of business"
What don't you like about working at Bristol Home Lending?
"How they had to close the doors, out of the blue one day"
What suggestions do you have for management?
"The company is closed. Would have been better with company money"
Please give us a one liner to describe this review.
"Currently out of business"
What do you like about working at Conseco?
"Strong sales environment"
What don't you like about working at Conseco?
"Company declared bankruptcy"
What suggestions do you have for management?
"Management was good"
Please give us a one liner to describe this review.
"Good vs. Bad"
What do you like about working at Allegro Funding Corp.?
"The ability to become a mobile/virtual loan officer with the ability to pocket 100% of the origination and YSP points. Duke Budlong is a great person to talk to from corporate! Loan Gennie is a great concept! It is a program that finds you investors with live pricing for all your loan scenarios. However in this market there are no more niche products outside of FHA/Conventional."
Do you have any tips for others interviewing with this company?
"Be sure you have a CLEAR understanding of how you get paid per file and the steps you have to take to close each file and compare it to other splits offered by your local FHA approved brokers.Good Luck!"
What don't you like about working at Allegro Funding Corp.?
"Here is how it breaks down. You get to keep all fees charges per file after you pay a $695.00 processing fee (FHA only) and a $395.00 Admin fee (all files). In addition you have to pay a monthly service fee of $500.00 just to have access to Allegros system. If you are going to Originate an FHA file you HAVE to use one of Allegros approved FHA processors. Sound great initially but in reality chances are the processor is located out of town which makes it difficult to coordinate files with the processor. Plus keep in mind it is not only your file the processor is working on, the processor may have 10-20 files in the pipeline at a time! That is a huge work load for one individual processor. Once all the MANDATORY fees are covered you have to pay taxes on the rest. Not only do you have to pay your normal taxes, you also cover the EMPLOYER taxes that they pay on you for being a W-2 employee! So once the taxes are covered you are actually keeping 80-85% of the commission at best. With the $695 processing fee and the $395.00 admin fee it makes it hard to stay competitive if you charge these fees upfront. If you don't charge these fees upfront then it comes out of your commission which lowers your total take home percentage even further. Plus Allegro is located in Florida, so if you are on the West Coast and need to contact corporate; you had better make sure to contact them 2:30 PST! One more point that I would like to make. Just because you fund a loan with Allegro does it mean that you get paid right away. On FHA deals it is your processors responsibility to complete and turn in the funding package to Allegro so that it may pass Allegros compliance review. If something is missing Allegro coordinates with the processor NOT the Loan Officer. This can very well add additional days/Week to you getting paid!"
What suggestions do you have for management?
"Lower the monthly charges and cover your own taxes that you pay per employee. If Loan Genie is what you charge for, get rid of it! It does not serve its full purpose in this lending environment. Yes live pricing is great, however there is maybe .25 ysp difference between all the investors. There are basically 4 products out there: FHA/Conventional/VA/USDA. Plus make it mandatory that all processor's return all Loan Officers phone calls and emails by NO LATER than the end of the business day. Try to come up with a FLAT fee per file vs. a monthly fee and a per file fee."
Please give us a one liner to describe this review.
"Job taught me alot about sales."
What do you like about working at Benchmark Mortgage?
"Interaction with clients."
What don't you like about working at Benchmark Mortgage?
"Lack of training"
Please give us a one liner to describe this review.
"AWESOME! I WORKED FROM HOME, WAS FOCUSED AND LOVED IT!"
What do you like about working at Carteret Mortgage?
"WORKING FROM HOME, CHALLENGE OF DOING PERFECT FILES FOR AUDIT, NO CEILING ON MY INCOME."
What don't you like about working at Carteret Mortgage?
"THAT THEY WENT OUT OF BUSINESS."
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