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Office view from the Atlanta branch

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American Equity Mortgage Reviews

2.1
Rating Trends
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Deanna Daughhetee
12 Ratings
  • Helpful (1)

    Good place to learn the basics of being a LO & the mortgage business. Use job as a stepping stone.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Officer
    Former Employee - Loan Officer

    I worked at American Equity Mortgage full-time (More than a year)

    Neutral Outlook
    Approves of CEO
    Neutral Outlook
    Approves of CEO

    Pros

    They pay upfront to get your state licence. ( you will have to pay it back) They do a good job of getting you ready to pass exams. They pay top dollar for good leads & live (hot) transfers. You will get a ton of leads The owner of the company knows her stuff & is a nice lady she is just out of touch of what is going on in her branches. Co-workers are very willing to help you out in any way they can. You do get a private office, normally offices are in nicer areas of the city. Top producers earn pretty good cash as much as $10-20k a month Average LO will make $3-5K a month. You get off at 2pm every Friday.

    Cons

    Where do I start.... Loan fees are some of the highest in the industry. Hard to close the internet rate shoppers Hours Toxic work environment sexual harassment ok, managers pushing their political views down your throat racial jokes garner cool points yelling & verbally abusing employees is encouraged. Forced to attend daily sales meetings that are a pure waste of time. You have never seen so many daily reports based on # of calls made, # of minutes spent on phone, # of times you called a lead & the times you called them. If you don't like to micro-managed this is not the place for you. It is suffocating. Scripts are required so if you want to "be yourself" it is not allowed here. Must follow a script written by a VP that hasn't originated a loan since, the good old days when any & everyone was able to get a loan. They will promote top sellers into management positions. They rarely make good managers This is a glorified sweat shop/call center. Men are required to wear a white shirt & tie everyday (seriously) not a blue, green or gray but white only sirs.

    Advice to Management

    Stop making your top LOs managers. Let LOs work various hours. You can call leads at 8am or 8pm when they come in. Encourage LOs to advise of issues with branch managers without fear of losing their jobs. Take complaints from LOs serious to avoid lawsuits.


American Equity Mortgage Interviews

Interview Experience

Interview Experience

53%
20%
26%

Getting an Interview

Getting an Interview

53%
23%
15%

Interview Difficulty

2.2
Average

Interview Difficulty

Hard

Average

Easy
  1. Helpful (2)  

    Mortgage Consultant Interview

    Anonymous Interview Candidate in Atlanta, GA
    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied through other source. The process took 5 daysinterviewed at American Equity Mortgage (Atlanta, GA).

    Interview

    They just want to hear that you're driven and money hungry. If you speak well and are confident you will have a great shot. You interview on the 12th floor in a nice office and see employees dressed well. It's only an illusion of success. Everyone working there makes 30K a year.

    Interview Questions

    • Provide examples of challenges you've faced and overcame along with production numbers of sales in the past.   Answer Question

    Negotiation

    None.

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Additional Info

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Website www.americanequity.com
Headquarters Saint Louis, MO
Size 150 to 499 Employees
Founded Unknown
Type Company - Private
Industry Finance
Revenue $10 to $25 million (USD) per year
Competitors Unknown

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