Pros
Underwriting is very quick however, its only because the loan officer does ALL the work upfront. Heaven forbid you have an income discrepancy your file will sit there and not be worked until its cleared. This is a very family friendly environment. If you have a family and are able to balance your work time and min. pay, this is a good place for you.
Cons
The money, you have pay back $1500 every month, they say for leads. The leads are hit and miss at best. The initial training is a joke. If your not self motivated and catch on quick, your going to get a slow start. The normal ramp up time in this industry is 60 days, mentally and financially prepare for 90 at New Penn. If your planning on making the money you are use to at other places , DON'T. Its not going to happen. Its not a purchase driven company in a purchase driven environment. The average person is doing 2-3 loans for about $800k ( this is generous) =$5200 - $1500.00 (payback/leads= $3700 before taxes.
