Great Income Opportunity for Loan Officer but...
Loan Officer (Current Employee) – Troy, MI – June 3, 2014
I originally started working for Amerisave in 2007. Back then it was a nightmare, it is incredible the progress the company has made since then...
Today, I routinely see my loans closing in about three weeks, there are more leads than I can handle. The comp plan as changed recently for the better and I am earning more than I ever have.
Unfortunately, the company laid people off last year and is now opening call centers in Michigan and California to replace those people.
The health insurance is not great, it is expensive and the coverage is not great. I am considering getting my own coverage soon. There is no 401K match. If the health insurance was better and there was a generous 401K match, I would rate the comp/benefits 5 stars.
Job security is only 4 stars because they laid some people off last year. If I was able to work more than 40 hours a week I could make even more but the company does not allow overtime.
Overall, I am convinced that this is the best place to be a loan officer if you are great at converting online leads over the phone. The technology is out of this world, the client can do their own rate quotes, app, disclosures, and lock right on the website... huge time saver!
Technology, Great Commission, Tons of leads, Quick Processing
Expensive Health Insurance, 401K w/o match, Overtime Not Allowed