Vantaggi
- Great people...especially co-workers...very fun and non-polished environment
- Company provided leads from Lending Tree and other sources
- Good management, good support and training, but you can't be shy in asking for it
- Good room for growth...mentor or lead your own team
- Good money if you already know the industry, have your licenses, and have a good financial support system while you build your pipeline
- Company advances you money against future commissions to cover licensing costs
Svantaggi
- Only ONE WEEK of training to learn several systems, the process, and sales scripts/meeting objections...not near enough time. Takes about 3-4 months of trial and error before you know what you're doing...by then you're broke and starving
- It's a typical sales job...lots of hours, lots of stress, lots of effort for super-low pay, hero to zero every month
- Focus seems to be on number of outbound calls/activity, versus quality of calls
- If you want your loans closed quickly, by necessity you will semi-process most of each loan yourself...very time-consuming when you should be on the phone selling the next loan
- Super micro-managing...real-time numbers posted on screen visible to everyone...those of us at the bottom called it the "wall of shame"...not so good for morale
- Pay plan changes constantly...sometimes changes are retroactive so you don't make the money you thought you were about to get paid
- Each mentor/team lead has 10-15 people under them...so its incredibly difficult to get the help you need, when you need it
- Regular "house-cleaning" done...every 2-4 months several people let go so a new group can be brought in. You never know when it's gonna be you