Pros
There really is nothing, sorry.
Cons
The change the comp plan a few times a year, the change only benefits New Penn. They pay minimum wage, have a random $1500 (per loan officer, per month) deduction from your pay every month. They treat employees as telemarketers, not experienced lending professionals. They don't want loan officers closing more that 3 loans per month, they profit more by having many loan officers close a fewer deals, this allows them to collect $1500 per loan officer and keep the pay scale (bps per deal based on how many deals close) low. They control this by increasing rates, which they do often when the market and other lenders rates often don't increase. They will control you, your life, your pay and when rates go up and you don't have self generated deals your production will go down and you will be out of a job. Trust me, keep moving. .
