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CALCAP Advisors

Is this your company?

CALCAP Lending- Seasoned AE’s Beware - Account Executive CALCAP Advisors Employee Review

2.0
19 Nov 2020
Recommend
CEO approval
Business outlook

Pros

-On Paper company looks good.

Cons

-Management will take your broker accounts and make them house accounts whenever they feel like it and you will no longer be paid. -Management will change your commission structure if you fund too many loans and your going to make more than they feel is acceptable. -Management will keep your commissions and not pay you. -Company pretends to be a direct lender but only has a small fund and brokers out most of their business to companies you can go direct to. -Underwriting over conditions loans and doesn’t understand private money/non consumer lending -Management will call your brokers when you leave the company and you will leave. -Management makes slanderous remarks around the office that will one day get them in trouble. -Company has no real identity and will switch direct on a drop of the dime. -Company only has one underwriter. -Management will kill your loan even if it fits guidelines on a case by case basis.

Explore other reviews about CALCAP Advisors

5.0
3 Aug 2023
Recommend
CEO approval
Business outlook

Pros

Very great place to learn and thrive

Cons

product availability was difficult, but it's the market's fault

4.0
1 Nov 2023
Recommend
CEO approval
Business outlook

Pros

It was a good work environment, positive team, CEO and partners are all highly respectful and knowledgeable in their field. I generally felt respected and valued at CALCAP.

Cons

I worked for the Lending division which had a new CEO. He came on at a challenging point in the market but had big ambitions. Unfortunately, CALCAP Lending failed and went belly-up. Everyone in that division was out of a job. It possibly could have been avoided had different decisions been made earlier but I admire that they were a small fish in a big pond competing against loan companies with massive warehouse funds. They were a scrappy team and maybe sometimes things just don't work out. Regardless, everyone in that division was eventually out of work. I respected the leadership team and Ed Aloe is a gentleman and a great CEO. Unfortunate it did not work out but definitely wish the company all the best.

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