Intelliloan Reviews

Pros

very nice people overall !

Cons

nothing bad to say about these kind people

Pros

They did not have any

Cons

The CEO is extremely greedy and ignorant. The use bait and switch tactics.

Pros

Higher than average pay but that is due to very high turnover due to obnoxiously strict standards.

Cons

Management was horrible as they would scream and curse at you to follow their obnoxious script that is so robotic the other clients would get very fed up and hang up immediately. You also would call that person multiple times a day as you were on a dialer that would non stop ring saying the exact same thing you just told them verbatim with no change in wording and gave zero leeway in it. Any sort of change or leeway would cause for immediate reprimand from management with foul language and a write up. It was one of my first days and I immediately was hounded for this. After leaving the branch they went under and now they are barely keeping it afloat. WARNING LOOK SOMEWHERE ELSE!

Pros

ceo cares about your success and is involved in your growth and learning as a MLO

Cons

culture can be very competitive and somewhat cut-throat

Pros

Money in a good market

Cons

not great leads when I worked there

Pros

Laidback atmosphere in the office

Cons

Limited overtime if you want to work it

Pros

Chance to learn the industry I suppose

Cons

CEO Darryl cheats you off your commissions by limiting your comp, changes comp plans for his own gain and benefit and under pays with unrealistic goals. Will work you like a dog and loans will not be processed in time in order to make a living. Worst company to work for, better off anywhere else.

Pros

The office was/is well located and clean

Cons

Micro managing at it's worst Compensation based on verbal conversation was much different than how may digits were on first paycheck, me and several others that I joined there all had the same experience. The owner likes to fire people, and if you had not signed (never seen anything like it) an absurd document indicating that if you were...fired? you as an ex-employee would be responsible for licensing fees that were paid on your behalf!! This was never mentioned/discussed before the fact, and if not signed by the then employed loan officer? immediate termination. I am other LO's that I worked with all had the same experience, and since I singed under duress (as well as the fact that is is ridiculous) they pursued me and others in small claims. Upper management treats employees as numbers, little to no regard for what is called - fair

Pros

For someone entering the mortgage industry, Intelliloan provides a solid foundation and training program. When hired you're expected to utilize sales techniques and interpersonal skills to learn how to originate a loan and become comfortable speaking with borrowers. While doing so, you are also expected to study and pass the NMLS exam. This exam allows you to originate and become a loan officer officially. With a mere a 53% general pass rate for the exam, Intelliloan holds over 95% passing for its new hires. One thing that also sets them apart from other companies is the base pay for entry level candidates. For many other companies the base salary for an entry level position is $15-18 dollars an hour. At Intelliloan it is $26.23 with benefits such as dental, vision, medical, and 401k. For a job out of college it stands as more of a career opportunity starting out than many other lenders.

Cons

While pay is more competitive for an entry level position, there are still things to note. One of which being that like other sales jobs when moved over to a sales floor as a loan officer the pay structure will be more commission based. This can be good and bad. Good for high output employees looking to make a lot of money. Bad for high output employees looking to make that same amount of money in a volatile market. The market and economy play a huge role in the company, it seems to be in direct correlation to morale. Times, such as now, when the rates have risen and pay checks have decreased have created a stressful environment for all. Like other companies, Intelliloan shifts with the market and lay offs can and will happen-- it's inevitable. From personal experience I had even been laid off as well as 30 others from Intelliloan (then hired back after two weeks of stress). Overall though, this should be expected when entering the mortgage industry not just Intelliloan.

Pros

I don’t have anything good to say about this company. I wish them good luck. They will need it. They don’t have any loan officers, even their seasoned ones quit.

Cons

Management can be rough, and let you go at any given time. They make you pay back your licensing right away or you get letters in the mail from them trying to sue you. Their process is long, you may be stuck in the customer service department for 3-4 months, then they have a section called academy after that, where you are a loan officer for the company but with less pay than an LO. Usually an LO is there from 3-4 months as well, and then you have to beg them to move you up as an official LO. Be ready to be stuck not making real commission for a long time. Commission caps out at $1,250 once you are an LO, and hourly goes down. I don’t write reviews but they go out of their way to make my life difficult after being a loyal worker there so I can only play the same ball game with them and will continue to do so. They’ve lost all their seasoned LOs due to the comp structure. Bad experience for me.