Heading in a great direction - Loan Originator First Mortgage Solutions Employee Review

The market is down. There was a two year stretch where every mortgage company was thriving and then the market, as it does in the mortgage industry, had a wild correction. Every mortgage company I know is having issues like this and course corrections. There are a ton of complaints about comp plan changes—they are trying to curb and prevent layoffs. This company has given me opportunities and positive enforcement, more than any company before it, and have had honest discussions about difficult topics with me.

Hiring some negative people in the past who are trying to burn bridges on their way out.

Nice building, good ops teams

Bottom two thirds of loan officers are making pennies. At First Mortgage Direct, if you don't make enough commission, you owe them back whatever hourly wages you didn't cover the next month, keeping you in an endless cycle of less-than-livable paychecks due to the fact that the pay per loan is so low. When the owner was confronted about the pay, he allegedly said that he "would hire a bunch of college kids and pay them $20/hr because they don't know any better." He has doubled down on this by hiring a bunch of green Loan Officers in the past few months (after a seemingly endless exodus) all of whom are beginning to see the empty promises made to them. You cannot expect your people to live on a couple grand a month in an industry where we should be making $5,000-$10,000, especially after bragging on massive record-breaking years. Stop hiring executives - what are they even doing? Your most recent sales exec hire is just directly plagiarizing Jeff Shore's blog, editing a few words, and sending it out as his own work. Instead of paying us, you want to have bonfires and cookouts (to improve "Culture") and then shake your employees down for $75 worth of groceries for the event. The only culture at this company is "struggle"