Reverse Mortgage Solutions Reviews

Updated July 21, 2015
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2.3
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Recommend to a friend
Approve of CEO
Reverse Mortgage Solutions CEO Bob Yeary
Bob Yeary
11 Ratings

27 Employee Reviews

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  1. administrative

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Magnolia, TX
    Former Employee - Anonymous Employee in Magnolia, TX

    I worked at Reverse Mortgage Solutions (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Laid back, casual atmosphere. Works with you when time off is needed.

    Cons

    Low pay and inadequate training. No communication within departments and management

    Advice to Management

    Train managers how to communicate with employees.


  2. Ok company to work for

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Reverse Mortgage Solutions

    Pros

    Benefits are comparable to most other mortgage companies

    Cons

    No formal training provided for new hires.


  3. RMS

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

    I have been working at Reverse Mortgage Solutions

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Quiet workplace easy to get along with Co workers EAsy money GREAT BENEFITS

    Cons

    Low low pay no incentive as other mortgage servicers do Raises are the bare minimum 2% No company moral


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


  5. Account Executive

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Executive in Tempe, AZ
    Current Employee - Account Executive in Tempe, AZ

    I have been working at Reverse Mortgage Solutions

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    The work environment was great!

    Cons

    The HR was very disorganized and lacked clear focus on job description.

    Advice to Management

    Set performance goals


  6. Reverse Mortgage Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Tustin, CA
    Current Employee - Consultant in Tustin, CA

    I have been working at Reverse Mortgage Solutions full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    it's a laid back environment, easy peezy for the employing who's collecting social security and only needs to supplement their retirement with a few bucks.

    Cons

    i'm not retired !!!!! The processing took a huge nose dive recently and I doubt they'll ever recover. FA is going to crush the new, already weak, processing. I hope your client doesn't die on you while waiting to fund.

    Advice to Management

    assign your top processor to your top loan officers before they all quit!


  7. meh

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

    I worked at Reverse Mortgage Solutions full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Great place if you have low expectations or are a working parent who wants your job to not take up too much of your life.

    Cons

    They grew a lot pretty quickly (think acquisitions, hiring, tripling in size in as many years, all of it) and the growing pains were awful. No innovation. I think they survive based on how niche the market is. One of the most boring products you could ever work on. A place where careers and dreams go to die.

    Advice to Management

    Don't be so controlling; allow flex-time, period. It's the 21st century.


  8. Stay clear

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Direct Sales Loan Officer in Charlotte, NC
    Current Employee - Direct Sales Loan Officer in Charlotte, NC

    I have been working at Reverse Mortgage Solutions full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    They pay for your licensing.

    Cons

    They push you to take applications but can't close anything. They tell you it's inbound leads, never got any. They dangle a great bonus structure but you will never see it.

    Advice to Management

    Stop lying to yourself and your employees..you just want lots of applications and people quitting and leaving their pipeline.


  9. OK factory set up

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

    I worked at Reverse Mortgage Solutions full-time (Less than a year)

    Pros

    relaxed environment team structure is good but micromanagement is rampant

    Cons

    micromanagement No clear direction poor quality and no process to guide employees


  10. Negotiate a 50% increase when offered a position here, their annual raise percentage is for me last year was 0.016%.

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

    I have been working at Reverse Mortgage Solutions

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Complete immersion into the world of Reverse Mortgages.

    Cons

    High stress, low annual raise, if any (highest awarded last year was 0.017%), disorganized and low communication.

    Advice to Management

    Perhaps rewarding those that have lasted the longest would be beneficial as opposed to adding bodies.


  11. Helpful (1)

    Worst Place ever, stay far far away

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

    I worked at Reverse Mortgage Solutions

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    there are some nice people that work there, not management though.

    Cons

    everything, the pay is horrible, the bonus structure is a joke, there is no way to meet bonuses when the leads are old and recycled, the majority of all my leads were bad, unworkable. It took at least 30 days to get an application and almost 2 months after that to get to closing. the majority of all applications get declined. the operations department is so disorganized they cannot process and approve loans. The management acts like they care but they do not, they micromanage big time, they lie constantly, forever promising things will change and they never do, many loan officers just leave after a few months. this is just a turn and burn operation, you cannot make any money at this place. The leadership is all over the place, no communication, no structure, lots of meetings but no changes, just the same old promises that things will get better and after 6 months of that, just the same garbage.

    Advice to Management

    Fire your whole management team and start over with people who actually know what they are doing.



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