Vantaggi
Good idea - renovation loans for consumers that consider the ARV. I enjoyed my co-workers. At the time, there seemed to be a push to improve the product and experience. Brought in a trainer and started modernizing onboarding.
Svantaggi
Poor execution—underwriting was convoluted, and despite being told to pitch "30 to 45 day close," it was usually a 60+, if not 90+-day process that would frustrate borrowers and lead to a large amount of churn. Weak IP - "tech company" with extremely underwhelming tech for anyone actually familiar with the space. Really just a lending company looking for VC capital. Compensation was awful Inexperienced leadership team - very obviously have limited mortgage experience despite trying to "talk the talk" Big promises during the interview - borderline bait and switch Underpaid and overworked OPS and at the time only 1 UW leading to pain point #1. The process was generally excruciating. Multiple rounds of layoffs