Amerisave

www.amerisave.com
Profile Unclaimed

Amerisave Reviews

Updated January 12, 2015
Updated January 12, 2015
38 Reviews
2.6
38 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Patrick Markert
21 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Nice working from home but the compensation plan did not adapt to the new licensing requirements

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

    I worked at Amerisave full-time (more than 5 years)

    Pros

    Work form home if you like that unless you are in Atlanta, benefits are ok not great but better than nothing, application and rate quotes are easy to handle

    Cons

    You have to do alot of loans to make any money which can be done when the market is good but when the market is bad their pay structure will not support most people in that industry.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Dissapointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate
    Current Employee - Associate

    I have been working at Amerisave full-time (more than 5 years)

    Pros

    The hiring process is relatively informal and can be quick. For some employees, the ability to work from home is a plus, however this option is only available if you are on commission. The IT at this company is very advanced compared to other mortgage companies. However, the advanced IT comes with being very limited in being able to offer a new product or make an exception to a rigid process. If you are a self-starter and are in a commission / paid per file role you may be able to see a little success.

    Cons

    There is very little room for advancement at this company. Working here feels as though the view of management is that the employees are little more than robots who exist to work their process. If you are salaried, you cannot work from home full time because there is no trust that you will do your job even though the IT at this company is very advanced and they can easily keep track of everything you do. Amerisave also received a large fine from the CFPB for deceptive advertising practices. I would encourage you to read the entire action against Amerisave on the CFPB's website as it will come up with customers. The company’s business model leads to many boom and bust cycles depending on the movement of mortgage rates. This leads to cycles of hiring and layoffs which seem to happen regularly. Employee turnover is appears high and it feels is little to no effort made to retain employees at any level.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Underwriter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriter in Atlanta, GA
    Former Employee - Underwriter in Atlanta, GA

    I worked at Amerisave full-time (more than a year)

    Pros

    Flexible and the ability to work remote.

    Cons

    During slow peaks, the company tends to layoff.

    Advice to ManagementAdvice

    None

    Recommends
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Unprofessional, and No Integrity. Working from home full time was enjoyable though.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Mortgage Processor in Atlanta, GA
    Former Employee - Senior Mortgage Processor in Atlanta, GA

    I worked at Amerisave full-time (more than 3 years)

    Pros

    Competitive rates, decent support staff, usually.

    Cons

    Very unprofessional, and Low Integrity Company. During high volume times, support was non-existent, and contacting processors/underwriters impossible. This was the most disorganized company I ever worked for.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Rewarding and great training and updating of changes in UW.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mortgage Underwriter in Remote, OR
    Former Employee - Mortgage Underwriter in Remote, OR

    I worked at Amerisave full-time (more than a year)

    Pros

    Strong support from fellow employees and management

    Cons

    No contact with loan originators. Everything went through processing.

    Advice to ManagementAdvice

    When the company had a large number of underwriters I think it may have been helpful if underwriters were part of a team.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Great for highly experienced mortgage sales people, little support for less experienced people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Originator in Troy, MI
    Current Employee - Loan Originator in Troy, MI

    I have been working at Amerisave full-time (less than a year)

    Pros

    Great comp
    Excellent ramp up comp plan
    The best rates
    40 hour work week
    Relaxed atmosphere
    VA, FHA, USDA, conventional

    Cons

    Making changes is like pulling teeth
    Slow processing (almost 40 days)
    Very little support for underwriting scenarios
    Wired Headset (No Wireless Allowed)

    Advice to ManagementAdvice

    Allow loan officers to have wireless headsets! Develop a process to review suggestions from team members.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Don't waste your time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Processor in Atlanta, GA
    Former Employee - Loan Processor in Atlanta, GA

    I worked at Amerisave full-time (more than a year)

    Pros

    Work from home, good co-workers, decent pay

    Cons

    Management, Mandatory OT when you're paid commission, Changing policies DAILY, Underwriters are God

    Advice to ManagementAdvice

    Laid off all of their remote processors in an effort to "save money" but rehired in house processors to replace everyone.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Great job in theory, poor execution

    Former Employee - Loan Processor in Atlanta, GA
    Former Employee - Loan Processor in Atlanta, GA

    I worked at Amerisave full-time (less than a year)

    Pros

    Ability to work from home

    Cons

    Very little support, management didn't really care or perhaps had too much work themselves?

    Advice to ManagementAdvice

    Provide better support

  10.  

    ...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Processor in Atlanta, GA
    Former Employee - Loan Processor in Atlanta, GA

    I worked at Amerisave full-time (more than a year)

    Pros

    Had wonderful supervisor I had, flexibility of schedule, money made was great. I would work for them again if given the opportunity.

    Cons

    I didn't like the fact that for the initial start time until you started closing loans, I had to pay the minimum wage back. I would rather not get paid until I closed my loans because if it takes a month or so then you owe too much.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Loan officer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - SMP in Atlanta, GA
    Former Employee - SMP in Atlanta, GA

    I worked at Amerisave full-time (more than a year)

    Pros

    Legitimate work from home opportunity.

    Cons

    Pay structure was low, low commission

    Advice to ManagementAdvice

    Good luck

Work at Amerisave? Share Your Experiences

Amerisave

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.