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LSI Mortgage Plus

Is this your company?

It was okay. - Anonymous employee LSI Mortgage Plus Employee Review

4.0
22 Apr 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Flexible work schedule and good working environment.

Cons

Too much uncertainty as the company is closing down.

Explore other reviews about LSI Mortgage Plus

5.0
18 May 2014
Recommend
CEO approval
Business outlook

Pros

Good culture and benefits, good working environment

Cons

lack of previous leadership, bad policies by former management.

1
3.0
28 Feb 2012
Recommend
CEO approval
Business outlook

Pros

- Great people...especially co-workers...very fun and non-polished environment - Company provided leads from Lending Tree and other sources - Good management, good support and training, but you can't be shy in asking for it - Good room for growth...mentor or lead your own team - Good money if you already know the industry, have your licenses, and have a good financial support system while you build your pipeline - Company advances you money against future commissions to cover licensing costs

Cons

- Only ONE WEEK of training to learn several systems, the process, and sales scripts/meeting objections...not near enough time. Takes about 3-4 months of trial and error before you know what you're doing...by then you're broke and starving - It's a typical sales job...lots of hours, lots of stress, lots of effort for super-low pay, hero to zero every month - Focus seems to be on number of outbound calls/activity, versus quality of calls - If you want your loans closed quickly, by necessity you will semi-process most of each loan yourself...very time-consuming when you should be on the phone selling the next loan - Super micro-managing...real-time numbers posted on screen visible to everyone...those of us at the bottom called it the "wall of shame"...not so good for morale - Pay plan changes constantly...sometimes changes are retroactive so you don't make the money you thought you were about to get paid - Each mentor/team lead has 10-15 people under them...so its incredibly difficult to get the help you need, when you need it - Regular "house-cleaning" done...every 2-4 months several people let go so a new group can be brought in. You never know when it's gonna be you

2
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