Rapid Cincinnati Reviews

100% commission is the hardest part of this job. They tell you money should not be an object or a worry for you, yet everything they talk about in the office is money and what people are making in fees. Very easy to start out and go a few months without earning a dime. They mislead you in the interviews as well. They say that you make a percent of the fee as your commission and it starts out at 90% and goes down by 10% each month until you are at 50% until you're one year anniversary. What they fail to tell you is that this high commission rate is only on your largest fee. To start out you have to run your deals with a Senior Loan Officer, so the 90% is not 90% of the entire fee but rather 90% of half the entire deal (and only on your largest deal)- so you only make 45% on your largest deal. After your largest deal, it goes down to 50%, or 25% of the total fee. Aside from all of this, they also take out additional money each month for office expenses and charge each LO for every loan they close- this makes sense because it covers their overhead expenses but is never disclosed to employees unless they do some digging. Finally, the hours take a toll on you. Monday-Thursday you work from 9:30 AM- 3:30 PM and have 3:30 to 5:45 off. From 5:45 until 8 PM you are making calls. They are not cold calls though, as the company gets leads on people who had their credit pulled for a mortgage. Appointments are variable as well. You could have an appointment in the middle of the day, but the majority are in the evenings after 8 PM and weekends. So you usually do not get home until 11-midnight if your appointment goes well during the weekdays. Also, you cannot miss the call block ever. If you have to miss due to being sick, vacation, or on an appointment, you are expected to stay late or arrive early for call blocks until you make up the lost time.

Need to be highly motivated at all times or it will be difficult to be successful. It can be frustrating and stressful at times. Have to be willing to learn and adapt new selling methods taught by management to succeed. The hard part for me was selling in a way that I would not normally sell. If you let management teach you these skills and use them, you will undoubtedly be successful. If you don't, then you will probably just get by.