Pros
- Great people...especially co-workers...very fun and non-polished environment - Company provided leads from Lending Tree and other sources - Good management, good support and training, but you can't be shy in asking for it - Good room for growth...mentor or lead your own team - Good money if you already know the industry, have your licenses, and have a good financial support system while you build your pipeline - Company advances you money against future commissions to cover licensing costs
Cons
- Only ONE WEEK of training to learn several systems, the process, and sales scripts/meeting objections...not near enough time. Takes about 3-4 months of trial and error before you know what you're doing...by then you're broke and starving - It's a typical sales job...lots of hours, lots of stress, lots of effort for super-low pay, hero to zero every month - Focus seems to be on number of outbound calls/activity, versus quality of calls - If you want your loans closed quickly, by necessity you will semi-process most of each loan yourself...very time-consuming when you should be on the phone selling the next loan - Super micro-managing...real-time numbers posted on screen visible to everyone...those of us at the bottom called it the "wall of shame"...not so good for morale - Pay plan changes constantly...sometimes changes are retroactive so you don't make the money you thought you were about to get paid - Each mentor/team lead has 10-15 people under them...so its incredibly difficult to get the help you need, when you need it - Regular "house-cleaning" done...every 2-4 months several people let go so a new group can be brought in. You never know when it's gonna be you
