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First Mortgage Solutions

Is this your company?

Wouldn’t recommend. - Loan Processor First Mortgage Solutions Employee Review

1.0
27 July 2022
Recommend
CEO approval
Business outlook

Pros

Coworkers were mostly great, the processing and closing managers were fantastic

Cons

Upper management were the worst. After laying off around 20 people, the remaining operations team were expected to take on the additional work of everyone that was let go. But they said no raises for anyone (not even a cost of living/inflation raise), no over time (yet you were still expected to have all of your work plus all of your new work completed on time), they cut pto, randomly decided to change the dress code even though no one ever is face to face with clients, and “gave” the staff a ping pong table (that was found in the basement of the building that was left by the previous building tenants). Because we all know a ping pong table definitely makes up for all the added work and no additional pay. As you can imagine, we didn’t have time to even use it since we all had so much extra work to complete. Overall this company sucks the life out of you and all you’ll ever get is a “we appreciate you” email once a month.

Explore other reviews about First Mortgage Solutions

5.0
20 May 2022
Recommend
CEO approval
Business outlook

Pros

Plenty of great leads to work Aggressive pricing Great office to work in People are amazing Supportive sales leaders Building a great culture

Cons

Takes time to build a pipeline in this market but it will anywhere Other than that it is great!

1.0
5 May 2022
Recommend
CEO approval
Business outlook

Pros

Nice building, good ops teams

Cons

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"

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