One Reverse Mortgage Reviews | Glassdoor

One Reverse Mortgage Reviews

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Found 29 reviews

2.8
StarStarStarStarStar
Rating TrendsRating Trends
38%
Recommend to a Friend
59%
Approve of CEO
One Reverse Mortgage CEO Gregg Smith
Gregg Smith
5 Ratings
  1. Helpful (1)

    "Mortgage Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Mortgage Banker in San Diego, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at One Reverse Mortgage full-time for more than a year

    Pros

    I started working as a Mortgage Banker at One Reverse San Diego in 2017. The first thing I noticed was the support for the employees. I was told that the company treats their staff and work environment like the “Google of Mortgage Companies” and after my first couple of months I realized that this was indeed accurate. In addition to the litany of in office perks, One Reverse Mortgage sponsored and paid for all of my...

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    Cons

    No real "cons" come to mind

    Advice to Management

    Thanks for all of the support!

    One Reverse Mortgage2018-04-05
  2. "If you are told you can make six figures here - Ask: Show me a loan officers recent paystub!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Mortgage Banker in San Diego, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at One Reverse Mortgage full-time

    Pros

    Free lunch twice a month and free snacks all the time!

    Cons

    A) 98% Outbound cold calling - Management says its a warm call: HA! B) Lowest paid commissions in the industry - Look around at all other reverse mortgage companies and you will agree! C) Micromanaged like no other job you have ever worked at! Usually two to three meetings a day - rehashing and going over every single report you can think of! D) Work minimum of two Saturdays a month and no inbound calls just out bounding...

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    Advice to Management

    Get in touch with reality - This type of work environment and pay structure might work in Detroit where jobs are scarce, but in San Diego, the clock is ticking and it is just a matter of time before you have another turn over of all the San Diego sales staff! Also Gregg Smith is great - But Quicken Loans took away all his power in 2018 and he is just a figure now with no power! All the calls are made by Quicken Loans...

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    One Reverse Mortgage2019-04-04
  3. "Not For Long Term"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Mortgage Banker in Detroit, MI
    Doesn't Recommend
    Negative Outlook

    I worked at One Reverse Mortgage full-time for more than 4 years

    Pros

    Great for a first sales/corporate job

    Cons

    If you are a female looking for equal opportunity, run in the opposite direction. If you are looking to invest your time into a prospering company, run in the oppposite direction. If you are looking for a company that will pay you accordingly for your efforts, run in the opposite direction.

    One Reverse Mortgage2019-03-22
  4. "Beginners only"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Mortgage Banker in San Diego, CA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Ability to leverage lead flow from Quicken Loans

    Cons

    Be prepared to compromise your ethics Hard sales to the elderly is a daily event 12 hours a day minimum Quality leads go to the veterans, newbies get scraps HECM market is dying a slow death

    Advice to Management

    Eliminate San Diego sales team

    One Reverse Mortgage2019-02-21
  5. Helpful (1)

    "Amazing environment & people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Diego, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at One Reverse Mortgage full-time for more than 20 years

    Pros

    The teams I work with I enjoy. The bar is set high and deservedly so, we are part of a greater entity that has always expressed how good they are in every facet of the industry. The people on a personal level are easy to get along with if you make the most minimal of efforts. It has been a joy being apart of this team on many levels. The office environment is open and relaxing.

    Cons

    Being part of a larger entity that is situated 3 hours ahead of you can create some interesting meeting times.

    One Reverse Mortgage2018-02-12
  6. Helpful (3)

    "Prefer not to disclose"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Diego, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at One Reverse Mortgage full-time

    Pros

    If you want to work hard, and don’t mind working overtime and some Saturdays, you can make a decent paycheck. There are some good benefits & lunch brought in at the end of the month.

    Cons

    There is favoritism here, and it is a little bit of a click & the management & team leads are not professional or very experienced, nor use discretion. There is a lot of office gossip and a lot employees complain to each other, and company does not know what direction to go in next. Also, there is no room for real professional growth in any positions and there is high expectations with little or no recognition.

    Advice to Management

    Be more professional, and get educated and better trained on how to do your job and lead by example, and you would be respected.

    One Reverse Mortgage2018-02-10
  7. "Banker"

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

    I worked at One Reverse Mortgage full-time

    Pros

    Receive leads - although much less these days with budget cuts.

    Cons

    Not well managed. They don't seem to know which direction they're going and their marketing is atrocious. Sales management is awful. They are old school ball busters rather than solution oriented. Very clicky place. So many employers complain b/c the management treats everyone like children (not just my department but operation too - even more so).

    Advice to Management

    Get new management.

    One Reverse Mortgage2017-03-08
  8. Helpful (1)

    "Amazing company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Operations in San Diego, CA
    Recommends

    I have been working at One Reverse Mortgage full-time for more than 9 years

    Pros

    I love working at ORM because I feel supported, appreciated, and empowered to be my best self in a positive environment that values their team members. After nearly a decade working in various roles, I continue to enjoy coming to work every day knowing I am a part of a strong and amazing team that encourages innovation and improvement in all areas of the business and that is passionate about helping our clients achieve...

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    Cons

    There are many industry, business, and process changes which can be difficult to navigate and execute and it can be stressful at times but with the right team members that believe in the "We'll Figure It Out" attitude, anything can be done and done well!

    Advice to Management

    Continued support, execution, and transparency motivates team members to shine and appreciate the amazing company we are a part of.

    One Reverse Mortgage2017-02-16
  9. Helpful (1)

    "A Great Place to Grow in Your Career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Marketing Team Member in Detroit, MI
    Recommends
    Neutral Outlook

    I have been working at One Reverse Mortgage full-time for more than 4 years

    Pros

    The company, especially my leader, is supportive of you learning more and doing more to advance your career and your talents. The office atmosphere is colorful and fun, and there are a ton of great benefits. I can't speak for the mortgage banking side, but if you work for another team, chances are you won't get bored doing the same thing every day because you dip your toes into a ton of different projects, which expands...

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    Cons

    If you work on a small team here, there will be times when there are multiple projects going on at once and it can get stressful and hectic. You really need to know how to prioritize, stay organized, and stay on top of every project you're a part of.

    Advice to Management

    Keep up the great support. It really helps push your employees to learn and/or try new things.

    One Reverse Mortgage2017-01-11
  10. Helpful (2)

    "Almost 7 years in... an still going strong"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - President's Club Banker and Lieutenant Director of Mortgage Banking (LDMB) in Detroit, MI
    Recommends
    Positive Outlook

    I have been working at One Reverse Mortgage

    Pros

    I started with One Reverse Mortgage after I graduated college and quite frankly, I see myself continuing to work with the company in some capacity until I retire. After being with the company for almost 7 years, I have seen the ups and downs of the industry and challenges that the market has presented to us. I have an unwavering faith that the leaders in our company are always going to continue to do the right thing and...

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    Cons

    If you don't want to work hard and you are not willing to tough it out while you are learning, this job isn't for you. The first few years of working with One Reverse require a significant amount of time invested including weekend hours. This is not your typical 9am-5pm job. You will get what you put in. Personally, I don't view this as a "con" but more of a lifestyle.

    Advice to Management

    Keep doing the right thing. I think we have an amazing group of senior leaders that continue to keep the best interests of not only the company but also each team member at the forefront of the business plan. Keep the doors of communication wide open.

    One Reverse Mortgage2017-01-04
Found 29 reviews