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Sovereign Lending Group

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Sovereign Lending Group Reviews

3.7

68% would recommend to a friend

(203 total reviews)
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Joe Pirro and Dan Holtz

74% approve of CEO

63% positive business outlook

Sovereign Lending Group has an employee rating of 3.7 out of 5 stars, based on 203 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Sovereign Lending Group 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

203 reviews
2.0
30 Nov 2024
Recommend
CEO approval
Business outlook

Pros

Good coffee, paid for my licensing exam/training/study hours, free Door Dash membership

Cons

This call center works you like a micro-managed sweatshop. They pay you minimum wage with the prospect of bonuses but most LOs quit or get laid off before ever earning any commission pay. They do massive group hirings (like 30 at a time) for each "class," but only 2 or 3 stay with the company more than a few months. They foster a hyper-competitive work environment that encourages "stealing" leads, back stabbing, and trash talking. Employees come in drunk, hungover, or high. Drug use is common.

1.0
11 Sept 2024
Recommend
CEO approval
Business outlook

Pros

Absolutely nothing good to say about this poorly run company.

Cons

They are the worst run company the owner will talk down to you and is only using you for your time. Loan officers are completely disposable. They will take your deal and give it to someone else. Only managers are able to price out loan and since there are two of them only in the office this makes things very difficult when in 1 month both of them went on a week long vacation and was left with one manager to price out a loan. That's if you can find one when they are known to take off for hours at a time. Yet you are still expected to get a one call close like they preach to their employees. The main owner J.P. is overbearing and extremely micromanaging. He will also talk trash about his employees behind their back. A common practice there is you will be told to pitch a loan that doesn't work and the borrower doesn't actually qualify for then it's back tracking from there to get the a loan that actually works however it's way expensive probably because they want to make 4pts a loan over all. They don't pay in bps they have a flat commission and it isn't that great and fluctuates between loan officers. There is zero structure at slg. This is a place to stay far away from and I'm regretful that I ever gave them even a second of my time working there. Everything they tell their employees about how it's a small close knit family vibe is completely false they also have unlicensed reps pitching deals too.

Viewing 1 - 3 of 203 Reviews

Glassdoor has 205 Sovereign Lending Group reviews submitted anonymously by Sovereign Lending Group employees. Read employee reviews and ratings on Glassdoor to decide if Sovereign Lending Group is right for you.