Vantaggi
Great culture, great training, supportive teammates, and managers. If you perform, you are rewarded. They will teach you how to do it, and they have a high pass rate to get your license. The training is 2nd to none. They take people who don't know anything about mortgages, and turn them into $100K a year producers.
Svantaggi
It's a commission-only sales job. If you don't close, you get on a draw, and that can become a black hole. That's not why I left, though. I left because they changed the pay structure several times within a few years, and on the last one, they basically said, "If you don't like it, we appreciate your work, but there's the door." (Example: Our pay started off at 1% (100bps) of closed sales, then brought in MCs, and if they handed you a deal and it closed, they got 30% (30bps) of that deal, often from a 3-5 min. phone call. When LOs stopped wanting to take MCs' deals, they moved to a tiered system where, instead of counting the volume of closed loans, they counted the # of loans closed. The top 50% who closed the most loans got 1% of the total amount closed, the bottom tier (the least # of closed loans for the month, regardless of volume) only got .07% of what they closed, or 70 bps. The "leader board" would change monthly. One month you could be in the top 50%, and the next month dip below. Also--the Mortgage Coordinators would take most of the leads first thing in the morning, and give it to the top producers (as they should), but it often kept people where they were in the leader board. --You will work both coasts’ hours, and you will have to put in a lot of time to be successful.