Get a few months of experience then leave as soon as you can - Loan Processor/Loan Officer Assistant Loan Factory Employee Review

2.0
30 Jul 2020
Recommend
CEO approval
Business outlook

Pros

Easy hiring process to get your feet in the industry. Free foods sometimes.

Cons

My advice to is create a LinkedIn account, work for a few months here to understand the mortgage lending process and leave for better offers elsewhere because you most likely you will have no future with this company. Their customers are very satisfied as the online reviews show, but that’s built on the back of employers who are paid starvation wage ($25,200/year). You jump in with little training, yet you are made to fulfill multiple roles at once and you must handle an absurd amount of files or else “you are not fit for this job”. If you work to death to make customer happy, don’t expect a thank you from management. If you make mistake, or if the customers pull deal because something entirely not your fault, you will be scolded. All for the starvation wage mentioned above. The CEO guy is pretty much all about himself. A good company would make its employees be the face of the company. But here it’s all about him. He brags about how business is booming every month yet still has the audacity to pay lower level employees starvation wage and no appreciation.

Explore other reviews about Loan Factory

5.0
5 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great, very tech savvy company

Cons

No cons, what so ever

4.0
18 Apr 2026
Recommend
CEO approval
Business outlook

Pros

I worked at Loan Factory as a Loan Originator. One of the strongest aspects of the company is its commitment to training and educating employees, especially those new to the mortgage industry. They provide a solid foundation in mortgage knowledge, which makes it a good place for beginners. The benefits are also competitive, particularly at the beginning of employment.

Cons

On the downside, the management style can feel overly micromanaging at times, which may limit independence and flexibility in the role. Improving trust and allowing employees more autonomy could enhance the overall work environment.

See reviews by: Helpful|Rating|Date|All