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Sovereign Lending Group

Is this your company?

Horrible Place To Work!!! - Loan Officer Sovereign Lending Group Employee Review

1.0
13 Jan 2014
Recommend
CEO approval
Business outlook

Pros

None whatsoever! Not one single pro!

Cons

Too many to list but here are a few. 1. Management treats employees in a demeaning manner. 2. Terrible leads. 3. No work-life balance as advertised. 4. Micromanagement at its best. 5. Loan Officers are treated worse than breading dogs in a puppy mill. 6. Processors and Loan Coordinators are treated as badly as Loan Officers. 7. There is been a mass exodus of producing employees because the company has gone down hill. 8. One owner will yell at you in front of other employees while the other owner keeps his head in the sand about the way things really are. 9. Both owners are not real knowledgeable about the mortgage market even though they've been in the industry for quite a while. Example: When rates went in last May they were completely caught off-guard and stayed in denial for months. 10. Company has been sued at the Labor Board by former employees because they weren't paid what was owed. 11. Several family members and friends of one of the owners have worked there and quit to go somewhere else. What does that say about the company??? The recruitment video they have on You Tube is a joke. All but a one or two of those people have left the company. The ones who left did so because the company went drastically down hill shortly after the video was made. You know things are bad when current employees are calling former employees practically begging them to get them on at the companies former employees are now employed by. DON'T TAKE MY WORD FOR ANY OF THIS. Do your own research into Sovereign Lending Group and come to your own conclusion. Mystery shop the current Loan Officers by calling them and asking them what they think about the company. Go the CA BRE website and look up the company and you will see a listing of the LOs that work there. Call the main number of the company and ask for any one of them.

Explore other reviews about Sovereign Lending Group

5.0
1 Sept 2024
Recommend
CEO approval
Business outlook

Pros

Nice staff, everyone was cool to work with.

Cons

Hours started off a bit rough, then was able to get better hours

2.0
30 Nov 2024
Recommend
CEO approval
Business outlook

Pros

Good coffee, paid for my licensing exam/training/study hours, free Door Dash membership

Cons

This call center works you like a micro-managed sweatshop. They pay you minimum wage with the prospect of bonuses but most LOs quit or get laid off before ever earning any commission pay. They do massive group hirings (like 30 at a time) for each "class," but only 2 or 3 stay with the company more than a few months. They foster a hyper-competitive work environment that encourages "stealing" leads, back stabbing, and trash talking. Employees come in drunk, hungover, or high. Drug use is common.

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