Does Loan Factory pay their employees well?

According to anonymously submitted Glassdoor reviews, Loan Factory employees rate their compensation and benefits as 3.4 out of 5. Find out more about salaries and benefits at Loan Factory. This rating has decreased by 6% over the last 12 months.

How satisfied are employees working at Loan Factory?

51% of Loan Factory employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Loan Factory 3.4 out of 5 for work life balance, 3.4 for culture and values and 3.3 for career opportunities.

What are the top reviewed jobs at Loan Factory?

Mortgage Loan Officer (14) , Loan Officer Assistant (12) , Loan Officer (10) , Loan Processor (7) , Mortgage Loan Processor (5) , Loan Originator Assistant (3) , Licensed Mortgage Loan Originator (2) , Loan Advisor (2) , Manager (2) , Recruiter (2) , Senior Loan Processor (2)

What are the pros of working at Loan Factory according to real employee reviews?

"Great Manager and boss" ((in 3 reviews)); "Have great support from assistant team." ((in 3 reviews)); "Friendly people and very competitive environment." ((in 3 reviews))

What are the cons of working at Loan Factory according to real employee reviews?

"Bad management and not professional in dealing with staff" ((in 8 reviews)); "no training" ((in 7 reviews)); "Low pay" ((in 3 reviews)); "You work your butt off to gain a satisfied customer?; too bad, the CEO and his LOs get all the money and credit." ((in 2 reviews))

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Loan Factory

Loan Factory Reviews

3.5

51% would recommend to a friend

(75 total reviews)

61% positive business outlook

Ratings by category

3.7

Diversity and inclusion

3.4

Culture and values

3.4

Work/Life balance

3.4

Senior management

3.4

Compensation and benefits

3.3

Career opportunities

Loan Factory has an employee rating of 3.5 out of 5 stars, based on 75 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Loan Factory employee rating is in line with the average (within 1 standard deviation) for employers within the Legal industry (3.8 stars).

Reviews by job title

75 reviews

5.0

5 June 2026

Great workplace with no downsides

Loan officer

Recommend

CEO approval

Business outlook

Pros

Great, very tech savvy company

Cons

No cons, what so ever

4.0

18 Apr 2026

Strong training for beginners but micromanagement limits flexibility

Loan originator

Recommend

CEO approval

Business outlook

Pros

I worked at Loan Factory as a Loan Originator. One of the strongest aspects of the company is its commitment to training and educating employees, especially those new to the mortgage industry. They provide a solid foundation in mortgage knowledge, which makes it a good place for beginners. The benefits are also competitive, particularly at the beginning of employment.

Cons

On the downside, the management style can feel overly micromanaging at times, which may limit independence and flexibility in the role. Improving trust and allowing employees more autonomy could enhance the overall work environment.

4.0

25 Mar 2026

High pay

Follow up

Recommend

CEO approval

Business outlook

Pros

Salary high, bonuses, incentives, snack

Cons

Stressful, overworked, unbalanced work life

Viewing 1 - 3 of 75 Reviews

Jobs at Loan Factory

Mortgage Loan Officer

United States

USD 172K - USD 204K /yr

(Employer provided)

View job