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Mortgage Consultant

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Mortgage Consultant  in  Indianapolis, IN
Former Employee - Mortgage Consultant in Indianapolis, IN

I worked at American Equity Mortgage full-time for more than a year

Pros

At least with my experience, the people I worked with were awesome which certainly helps the day go by and you enjoy working with the people around you. Unlimited earning potential. 40 hour work weeks which is short compared to many jobs and usually off by 2-3pm on Fridays.

Cons

Scummy industry and corporate leadership. Takes them forever to close loans which means you won't make that "6 figures" they promise you. The fees for doing a loan with AEM are ridiculous, you basically have to lie to people about the costs. The company will tell you that pretty much the only way you'll close someone is if they come in the office, at that point they'll sign regardless of costs and fees because they just drove to meet you.

Basically, a lot of over promising and under delivering.

Recommends
Negative Outlook

Other Reviews for American Equity Mortgage

  1.  

    Loan Officer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Officer  in  Maryland Heights, MO
    Current Employee - Loan Officer in Maryland Heights, MO

    I have been working at American Equity Mortgage full-time for more than 5 years

    Pros

    Good location, nice hours, friendly staff

    Cons

    Business and clientele was weak, little business, little pay

    Recommends
    Neutral Outlook
  2.  

    day to day grind

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Jacksonville, FL
    Current Employee - Anonymous Employee in Jacksonville, FL

    I have been working at American Equity Mortgage

    Pros

    great training, development and opportunity

    Cons

    day to day grind, lots of cold calling

    Advice to ManagementAdvice

    treat employees with respect

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