Pros
- Decent Pay, especially considering there is no experience or degree needed. - Competitive environment. - Solid sales experience. The skills you learn through selling loans will translate to other sales jobs. - Branch Managers are taught to how make lending decisions, as well as trained to become Mortgage Loan Originators.
Cons
- Terrible upper management. - Very weak company culture and values. - 60-70 hour work weeks. More than likely, you will work at least 1 Saturday a month. it's not uncommon for Branch Managers to work 6 days a week. - You are not allowed to take vacation days when you are in training, which in some cases can last for a year. _ Tower Loan does it's own collections - as a Manager Trainee or a Branch Manager, you will spend over half of your time collecting past due accounts. They won't advertise this during your interview. -Most work is done over the phone. Employees are not allowed to wear headsets. -You have to sign a non-compete contract prior to employment. You cannot work at another lending institution within 75 miles (not sure about the distance) of the office you worked at.