A few and far between - Mortgage Loan Officer RANLife Employee Review

1.0
6 Mar 2017
Recommend
CEO approval
Business outlook

Pros

They have a nice remodeled building, employee's were great to work with and at the time I was there processing and underwriting were pretty good.

Cons

The VP is terrible, he is power hungry and arrogant and if you didn't do exactly what he wanted he would scold you. Extremely unprofessional and vindictive. Employee's especially in sales were not treated equal or as employee's/peoples they were treated as numbers. When a holiday would come they would give operations and management the day off and they would make sales people have to work and if you didn't they would guilt trip you and make you feel terrible and basically punish you by not allowing you to take leads for a day or two. Their leads were terrible, they market to 0% down payment clients and falsely market "grants" just to get a client on the phone. It takes 6 months or nurturing these clients to get their credit up and get them to a point of even being able to qualify. Their whole business model is to train brand new loan officers so they can keep them at an average production level closing a couple loans a month so the company can reap the benefits since they pay you a small base salary plus give you barely any commissions on your first 3 deals so they benefit if you remain closing 3 or less deals a month.

Explore other reviews about RANLife

5.0
27 Dec 2024
Recommend
CEO approval
Business outlook

Pros

I worked at RanLife for a little over a year, and had a great experience there. Management was extremely kind and driven to help you succeed. Ty is incredible to work under with years of knowledge and willingness to see you grow.

Cons

This is more about the position, you have to be willing to put your head down with a lot of focus when times are tough. When the market is down you really have to grind it out to stay busy. But that's across the market and not aimed at Ranlife.

2.0
14 Nov 2024
Recommend
CEO approval
Business outlook

Pros

Manager JB was a phenomenal trainer. Daily meetings or lunches. Leads were decent. Loved most of my co workers.

Cons

Below minimum wage hourly until you start making commission.. once licensed you get a few hundred dollars for your first 5-10 deals and the manager gets your commission check.

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