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The Lending Group

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The Lending Group Reviews

4.3

70% would recommend to a friend

(11 total reviews)

Antonia Shrayev

100% approve of CEO

70% positive business outlook

Reviews by job title

11 reviews
1.0
3 Jan 2019

Loan Officer Assistant

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

This place was the worst. I don't know how they are in business. They gotta be doin shady business

Cons

Hours, the horrible pay, the phone calls, the people cursing you off all the time when we call and when they call back. the management the fact that they don't teach nothin, you gotta learn all this without no training and then you have to close a deal before you make a penny

3.0
30 Jan 2018
Recommend
CEO approval
Business outlook

Pros

Good for candidates with little to no experience, so you are able to get into the industry. If you are a "winner" than you can make a % of each loan you close after you get your licenses which some mortgage loan companies do not do. They help work your sales script right from day one.

Cons

100% Comission!! You start working as a loan assistant and must help close two deals within first 60 days; you don't actually close the loan but must walk the sale to the finish line and then the loan gets passed onto a licensed advisor. If you do this and get hired than your base salary is deducted from future commissions. So the company is essentially paying you nothing. New loan advisors should not be expected to live off future commissions. Their idea of training for your license is a 20-21 hour video. Other companies have a much better base+commission compensation plan. Other companies also have paid training, which is usually a 2-4 week class, that is much better than this place. You pretty much work for free until you either become a good loan officer, or figure out that you're not the right fit. You receive calls on an automatic dialer with customers that could have signed up for a quote two days ago or sixth months ago so you need tough skin.

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Glassdoor has 12 The Lending Group reviews submitted anonymously by The Lending Group employees. Read employee reviews and ratings on Glassdoor to decide if The Lending Group is right for you.