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Mortgage Solutions

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Wholesale is dead! - Account Executive Mortgage Solutions Employee Review

1.0
1 Nov 2014
Recommend
CEO approval
Business outlook

Pros

work from home, do not need to fly out for training. management leaves you alone, products are great. Benefits are good.

Cons

service is really bad, communication on loans in process is really bad, management likes to blame the AE for problems with clients and loans in process....Commission only, no expenses paid, only 12 to 15 BPS per deal, cannot get volume in to make enough money unless in a great market.

Explore other reviews about Mortgage Solutions

5.0
7 Feb 2024
Recommend
CEO approval
Business outlook

Pros

Work from home was a plus. Paid training to get my NMLS License.

Cons

Dependent on the economy, as the economy is in poor shape.

1.0
5 July 2014
Recommend
CEO approval
Business outlook

Pros

Quick Hire; job instability; high turn over, over worked; rude supervisors...LOOK ELSEWHERE

Cons

Quick layoff, expensive benefits; cronyism high; Company did mass hire in 2013 & had mass layoff the few months later, & now hiring again. Brokers dictate to underwriters how the loans should be decisioned & management complies..580 score, no assets, payment shock, high DTI/LTV..misrepresentation.no problem,,,approve it...OR ELSE..Sometimes you audit your own loans..New functions are added AFTER you start. Management was rude & condescending in communicating with staff; some remote workers disconnected from home office due to poor communication; high turn over in staff & management; people are always calling in sick due to stressful working conditions..HR controlled by management & does not protect the company's best interest. Underwriters do all the data entry, etc. Very strange set up.

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