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      Tower Loan

      Engaged Employer

      Tower Loan reviews

      3.5

      63% would recommend to a friend

      (452 total reviews)

      Francis C. Lee

      61% approve of CEO

      61% positive business outlook

      Ratings by category

      3.9

      Career opportunities

      3.7

      Compensation and benefits

      3.6

      Diversity & inclusion

      3.5

      Senior management

      3.4

      Culture & values

      3.2

      Work/Life balance

      Tower Loan has an employee rating of 3.5 out of 5 stars, based on 452 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Tower Loan employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

      Ratings by demographic groups

      Reviews by job title

      452 reviews
      1.0
      May 21, 2014

      Worst job I've ever had.

      Branch manager
      Recommend
      CEO approval
      Business Outlook

      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.

      5.0
      May 21, 2014

      Manager-trainee

      Manager trainee
      Recommend
      CEO approval
      Business Outlook

      Pros

      -good starting pay -As an fairly new MT, I've noticed a few things. If you apply yourself completely, from the first minute to the last, you will do well. All that you need to get started in this business is the ability to relate with people. And a good motor. You have to be 100% all day. The people training you will take care of the rest.

      Cons

      You will not succeed in this job-or this line of work- if you are ok with being a middle of the road employee.

      Viewing 427 - 429 of 452 Reviews
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      ReviewsTower Loan reviews

      Glassdoor has 456 Tower Loan reviews submitted anonymously by Tower Loan employees. Read employee reviews and ratings on Glassdoor to decide if Tower Loan is right for you.