An American Sweatshop - Mortgage Loan Officer Guaranteed Rate Employee Review

1.0
Jun 19, 2018
Recommend
CEO approval
Business Outlook

Pros

Nothing, the company is as bad as the negative reviews make it seem. Employees are miserable. Nobody deserves to be tricked into working for this sad excuse for a company. I once accepted a job here with high hopes and dreams of being a successful mortgage loan originator but I soon found out the company is a scam that manipulates and deceives hard working people. Run far away and never look back. Trust the bad reviews.

Cons

Pay sucks, benefits are expensive, they cut corners, they are cheap, morale is terrible companywide, etc. They force you into working 12 hour days without getting adequate pay. They lie and say you’ll make a certain amount of money but it turns out they pay less than minimum wage. They make you work Saturdays too. They try to scare you into staying there through empty threats. They try to withhold paychecks which violates labor laws. They just laid off a bunch of people. Their core values are an utter joke. The CEO and upper management are devoid of any traces of integrity.

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Guaranteed Rate Response
8y
Thank you for taking the time to leave a review. We appreciate your feedback.

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.

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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.
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