HEED THIS WARNING! - Mortgage Loan Officer Guaranteed Rate Employee Review

1.0
Jun 4, 2018
Recommend
CEO approval
Business Outlook

Pros

Honestly not much to say here. They have cheap lunch and it is a cool location but that’s where it ends. If you read nothing more make sure you read this: STAY FAR AWAY FROM GUARANTEED RATE

Cons

I’m gonna keep this real since Guaranteed Rate likes to blatantly lie to prospective employees. Without further ado here are my 13 reasons why NOT to apply to guaranteed rate: 1- they say you’ll make 60-70k in a year. FALSE! They pay you a measly salary for 4 months and then it plummets to less than minimum wage. It takes a long while to build a pipeline which means you won’t get much commission. Also November-February is a dead zone. If you’re lucky you’ll make half of what they say you’ll make 2- work life balance is one of their core values. WHAT A JOKE. Two weeks in they force you to work 12 hour shifts without consent and they don’t pay OT properly. They say it’s a 24/7 job and you’re expected to work on the weekend without pay. 3- they routinely violate labor laws. They make us work 60 hour weeks and we don’t get paid for it. 4- management tells employees they’re expendable 5- they have infamous layoffs every year. A bunch of managers just got fired 6- they compromise employee’s personal info and have had data breaches 7- recruiters post bogus reviews about the company to make it look positive but in reality it’s a nightmare 8- your paycheck will inevitably get screwed up. It’s a trademark of GR 9- they fire you for trying to switch departments or trying to take night classes. HR will not help you if you ask for help! 10- numerous management figures have had their licenses revoked. Obviously a red flag 11- they straight up lie to employees and threaten you if they think you want to leave. They will threaten to come after your wages and actually try to withhold wages. 12- they constantly change their methods and are horribly disorganized. You’ll get trained on one thing and then they throw it out the window. They cannot make up their minds. 13- the coffee sucks

Explore other reviews about Guaranteed Rate

5.0
Jul 17, 2026
Recommend
CEO approval
Business Outlook

Pros

Fantastic technology, common sense underwriting and great operations team

Cons

Honestly none I can think of

1.0
Jul 2, 2026
Recommend
CEO approval
Business Outlook

Pros

Work from home. Good hands-on experience for someone with little to no administrative or mortgage industry experience.

Cons

Training and communication on my team was confusing and sub-par. Layoffs are frequent and without warning.

avatar
Guaranteed Rate Response
2w
Thank you for your honest review. We strive to create a great workplace but recognize there are areas where we can do better. Your insights are important to us, and we’d like to learn more about your experience. Please feel free to reach out to our Human Resources Department.
See reviews by: Helpful|Rating|Date|All