VP of Mortgage Lending (loan officer) (Current Employee) – Utah – June 26, 2014
When recruiting, they will promise how easy it is to work for them. Don't be fooled. It's no different and in some cases you need to do more. All loan officers are given title of VP which means nothing. Just a great sounding title. You must produce at high levels or you get threatened with termination. They have a "pick-a-pay" program where loan officers can decide how much to get paid. The problem is that affects what rates you can give the consumer. If someone in the same office is willing to work for less, your client can call them and get a better rate. No continuity at all. Management all have inflated egos and are hard drivers. God forbid you get one complaint as they will be all over you - hey, this is the mortgage business where things sometimes don't go as planned.
The one good thing is they do have some of the lowest rates - especially if you find the right VP (loan officer) with a low "corporate objective".
Thank you for taking the time to provide your feedback. We work hard to support and improve the relationships we have with our employees. While we regret that wasn't your experience, we wish you the best in your future endeavors.
Want to know more about working here?
Ask a question about working or interviewing at Guaranteed Rate. Our community is ready to answer.