Loan Officer Assistant - Anonymous employee The Lending Group Employee Review

Fair Pay, challenging but rewarding

Fast-paced environment, could be easily burnt out, short-handed.

Good for candidates with little to no experience, so you are able to get into the industry. If you are a "winner" than you can make a % of each loan you close after you get your licenses which some mortgage loan companies do not do. They help work your sales script right from day one.

100% Comission!! You start working as a loan assistant and must help close two deals within first 60 days; you don't actually close the loan but must walk the sale to the finish line and then the loan gets passed onto a licensed advisor. If you do this and get hired than your base salary is deducted from future commissions. So the company is essentially paying you nothing. New loan advisors should not be expected to live off future commissions. Their idea of training for your license is a 20-21 hour video. Other companies have a much better base+commission compensation plan. Other companies also have paid training, which is usually a 2-4 week class, that is much better than this place. You pretty much work for free until you either become a good loan officer, or figure out that you're not the right fit. You receive calls on an automatic dialer with customers that could have signed up for a quote two days ago or sixth months ago so you need tough skin.