Good opportunity...for the right person
Mortgage Consultant (Former Employee) – Atlanta, GA – November 6, 2013
This is a good place to get your foot in the door for entry level salespeople that want to work in the mortgage industry but there is very high turnover and very few people have the kind of success that is talked up by management. The company will hire you before you have a mortgage license but the licensure training is not free as you are told before hired. Rather, the company will pay for your license up front and you'll have pay deducted from your base salary for the better part of a year until you have reimbursed the company for your licensure expenses for both federal and state. They provide extensive sales training but almost no instruction on how to process the loans in your pipeline or how to get them to close. For this, the approved method is to ask your peers. Statistically, half of the loans that you work so hard to originate will fail to close. Management and coworkers are supportive but as they will tell you, this is a sales job, not a mortgage job. Very, very good salespeople that can sell anything can make a lot of money here but most won't.
Supportive managers and coworkers, hourly base pay, extreme success rewarded with promotions
Very high turnover, "free" licensure classes are not free, it will be months and months before you are making a living