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First Mortgage Solutions

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First Mortgage Solutions Reviews

3.4

57% would recommend to a friend

(23 total reviews)

64% positive business outlook

First Mortgage Solutions has an employee rating of 3.4 out of 5 stars, based on 23 company reviews on Glassdoor which indicates that most employees have a good working experience there. The First Mortgage Solutions employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

23 reviews
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"

1.0
9 Mar 2022

Toxic workplace

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

-A lot of women in leadership roles -Office is nice

Cons

-The majority of executive leadership appears to be unfit to run a business. For example, a top executive member of the company stated that he would fire a male that paints their nails. Leaders who discriminate because of how others choose to express themselves are not good leaders. -No HR department -In what I assume is an attempt to make themselves feel better about spending hundreds of thousands of dollars on a new office during a global pandemic, they force employees to come in every day despite the fact that every job can be remote. If you are local, you will have to go in every day meanwhile half of the company (if not more) is able to work in other states from their home. Unless you are a favorite of one of the execs, don’t count on working remote. Even though they will tell you upon hiring that you can. -They do not care about Covid and won’t tell you when others in the office test positive (they would rather you risk your safety than do your job from home). At one point, 6 people tested positive within a week and we were only emailed about 2 of them. They were not letting people work from home, they were actually discouraging it. -There’s a lot more (micro managing etc.) but these encapsulate the kind of company this is/the kind of people who run it.

1.0
23 Apr 2022

Terrible Company

Recommend
CEO approval
Business outlook

Pros

Big empty building with lots of nice stuff that the owner can enjoy and pay for with the money he saved when he changed the comp plan and cut his loan officers income in half

Cons

-Constant comp changes to benefit the owner -No culture whatsoever -No leadership across the board except the closing department which is actually excellent -They don’t value loan officers at all. People who helped build up the company to its current state are treated like expendable and replaceable commodities -Constant turnover

Viewing 1 - 3 of 23 Reviews

Glassdoor has 23 First Mortgage Solutions reviews submitted anonymously by First Mortgage Solutions employees. Read employee reviews and ratings on Glassdoor to decide if First Mortgage Solutions is right for you.