RANLife - A few and far between | Glassdoor
  1. Helpful (4)

    "A few and far between"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Mortgage Loan Officer 
    Doesn't Recommend
    Negative Outlook

    I worked at RANLife full-time for more than 5 years

    Pros

    They have a nice remodeled building, employee's were great to work with and at the time I was there processing and underwriting were pretty good.

    Cons

    The VP is terrible, he is power hungry and arrogant and if you didn't do exactly what he wanted he would scold you. Extremely unprofessional and vindictive. Employee's especially in sales were not treated equal or as employee's/peoples they were treated as numbers. When a holiday would come they would give operations and management the day off and they would make sales people have to work and if you didn't they... would guilt trip you and make you feel terrible and basically punish you by not allowing you to take leads for a day or two. Their leads were terrible, they market to 0% down payment clients and falsely market "grants" just to get a client on the phone. It takes 6 months or nurturing these clients to get their credit up and get them to a point of even being able to qualify. Their whole business model is to train brand new loan officers so they can keep them at an average production level closing a couple loans a month so the company can reap the benefits since they pay you a small base salary plus give you barely any commissions on your first 3 deals so they benefit if you remain closing 3 or less deals a month.

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    Advice to Management

    Treat your sales staff better. Care about your employee's and actually treat them like human beings not just a profit in your pocket. Fire the VP immediately! Pay your Loan officers better and share the wealth instead of paying management a bunch and sales hardly anything. Treat your seasoned loan officers even better. It's disgusting to see loan officers that have stayed with you for years and they hardly get paid... (compared to other lenders) and show them some respect and loyalty to them since they sure showed it to you!

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    RANLife2017-03-06

Other Employee Reviews

  1. "Great Job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Loan Processor in Sandy, UT
    Recommends
    Positive Outlook

    I have been working at RANLife full-time for more than 3 years

    Pros

    All of the promotions come from within the company and I know i have room to grow with the company. I have so many great relationships with co-worker that i love coming to work on Mondays.

    Cons

    Air conditioning is cold in the summer

    Advice to Management

    Keep up the great work

    RANLife2019-06-17
  2. "Never worked here but did the interview process"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sandy, UT
    Doesn't Recommend
    Negative Outlook

    I worked at RANLife full-time for less than a year

    Pros

    Clean environment and nice people they pay for your loan officer license if your unlicensed want you to succeed.

    Cons

    I only went for the interview but immediately knew the company was not a right fir for me. The company is mainly focused on money and thats it Employment status is based on levels the higher the level the more money you make. (sounds like a pyramid scheme) The top executives just wanna golf all day. don't expect to make any real money until you have been with the company for at least 3-5 years... starting pay is 12.00 an hour for a loan officer. DONT LET INDEED TRICK YOU!!! It is possible to make good money but you have to work there for at least 5 years to do so. Sales sales sales sales sales As a loan officer they really don't have time for life. If you have a loan closing on the same day as your anniversary don't expect to get time with your spouse. you MUST be there for your loan to close. Cubicle work 4x4 cells you work in every day. just an idea of the job environment

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    Advice to Management

    Stop lying to potential employees and wasting their time coming In for an interview. don't tell them they can have a starting salary of 50,000 when in fact they are making 12.00 an hour. very mis leading for someone who is looking for a career but why would I switch career paths to start out at 12.00 an hour? even with experience. makes zero sense.

    RANLife2019-10-25

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