Awful management only cares about the "producers", the rest of the people are "back office" and are expected to work very hard for below average pay (including working late to pick up the slack for others in your group). The upper management is very entrenched and as a result there is no room to grow unless you are selling loans, and getting in to production is all about who you know, not what you know. There is also a culture of CYA and if you have an idea your boss will often take credit for it and run with it to superiors. There are huge discrepancies in pay for the same job titles and the modus operandi is to hire young, bright people, pay them little, and let them leave in order to keep costs down. This is a subsidiary of BB&T but the management decided to preclude people from getting the BB&T equivalent of "officer" status in order to keep costs down.
The work is not terribly interesting other than it is a smaller company so you are exposed to many facets of the mortgage business. It is really only a good job for younger people to get experience and move on.
They also recently purchased Collateral, but are slowly sending many jobs down to their office in Birmingham even though they are run poorly and are paid much more than legacy Laureate employees.