One Reverse Mortgage Reviews

Updated October 19, 2014
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3.3
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  1. One Reverse Mortgage

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at One Reverse Mortgage

    Pros

    Great training program is established

    Cons

    have not found any yet

  2. Ok as temporary job until you can find something better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Reverse Vendor Analyst in San Diego, CA
    Former Employee - Reverse Vendor Analyst in San Diego, CA

    I worked at One Reverse Mortgage full-time (more than a year)

    Pros

    People are great outside of work and often hangout. Company offers free lunches twice a month. Sometimes there are cash incentives or contests for gift cards and other cool prizes.

    Cons

    We are told we are always short staffed or behind on work and overtime on weekends is strongly recommended.
    The number of loans processed in a day is the main focus. Leads to people obsessing with getting through loans as fast as possible with out working it completely.

    Advice to ManagementAdvice

    Less micromanaging, better training, and less favoritism to avoid high turn over rate.

    Doesn't Recommend
    Neutral Outlook
  3. Great for first job experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mortgage Banker in Detroit, MI
    Former Employee - Mortgage Banker in Detroit, MI

    I worked at One Reverse Mortgage full-time (more than a year)

    Pros

    The collages were great, they really helped when your spirits were down. Coaching was all around, everyone seemed as if they wanted to help you. Great stepping stone, really helps with experience.

    Cons

    Meeting and pep talks can get somewhat repetitive. The benefit for clients are constantly changing, making the product somewhat difficult to sell. The constant feel of guilt when you didn't work on the weekends didn't help either. You either Swim or sink fast.

    Advice to ManagementAdvice

    Let people know that the reward take alot of commitment and fallout is almost a sure thing with a lot of the loans.

    Neutral Outlook
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  5. Great Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Reverse Mortgage Specialist in Detroit, MI
    Former Employee - Reverse Mortgage Specialist in Detroit, MI

    I worked at One Reverse Mortgage full-time (less than a year)

    Pros

    QL has a fantastic team dynamic across all divisions, ORM included. Excellent tools for learning, coaching, guidance, division of labor and communication makes work for reps simple and straightforward. Potential for significant earnings if you're in it for the long haul.

    Cons

    Senior management can be... Abrasive. Certainly nothing abusive or overly nasty as company culture will not tolerate that, but morning sales meetings can get repetitive and tiresome when you know the market for these products has been shrinking and shrinking (see: new FHA regs for reverse mortgages)

    Advice to ManagementAdvice

    Great company, culture, technology, people. I recommend working here.

    Recommends
    Negative Outlook
    Approves of CEO
  6. 1 person found this helpful

    Good if you have no friends or life outside of here

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

    I worked at One Reverse Mortgage full-time (less than a year)

    Pros

    Cereal machines (minus milk)
    Fun environment
    Great training

    Cons

    Long hours per day
    Guilt trips if you don't stay past the 11 hour minimum
    Didn't tell us that overtime was half your pay

    Advice to ManagementAdvice

    No idea, they're so brainwashed in their ways it wouldn't matter.

    Doesn't Recommend
    Neutral Outlook
  7. 1 person found this helpful

    Mortgage Banker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mortgage Loan Officer in Detroit, MI
    Former Employee - Mortgage Loan Officer in Detroit, MI

    I worked at One Reverse Mortgage full-time

    Pros

    It's a Fun Place to work, but you won't have a life with family or friends. You must be single or date someone that works there so that they understand the culture. Salary can be good after 1 year

    Cons

    Very Long Hours, for that average person. You will spend your whole life inside a building, and your vacation time will add up because they make you feel bad when you take them. If your a single person with kids or Married with kids Run away from the Whole Company.

    Advice to ManagementAdvice

    Shave down your hours and you won't burn through so many people in a year.

    Recommends
    Neutral Outlook
  8. help assist the trainings bankers go through alongside my leader.

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

    I have been working at One Reverse Mortgage

    Pros

    AWESOME bankers all around, ORM is great. You learn new ways to implement your degree, meet a lot of people and experience a whole new work world.

    Cons

    Can be a bit boring at times, there is not always a lot of work to do. A lot of down time but an AWESOME place to work, QL itself its awesome and the program but the ORM bankers are awesome, so nice, welcoming and fun. I am going to miss working there.

    Recommends
    Positive Outlook
  9. 1 person found this helpful

    Recruiting Promises Different than Reality

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mortgage Loan Officer in Detroit, MI
    Former Employee - Mortgage Loan Officer in Detroit, MI

    I worked at One Reverse Mortgage full-time (more than 3 years)

    Pros

    Good training ground for new college graduates

    Cons

    Expect to work 10-12 hours per day and communications is restricted

    Advice to ManagementAdvice

    Don't treat people like "pegs" that can be replaced with minimal thought. This model works when unemployment is high but as the unemployment rate drops your good people are going to leave.

    Doesn't Recommend
    Neutral Outlook

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