RateShop Inc.
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RateShop Inc. Employee Review

I like the company

5.0
Job work-life balance
Salary/Benefits
Job security/advancement
Management
Job culture
5 December 2019
I think Rateshop has advanced technology for new agents, it’s a good place to start for newly licensed mortgage agents... and like everywhere else it’s 100% commission based. It’s just a pity I couldn’t continue due to personal reasons but I would certainly go back if I get the chance
Ratings by category
5.0
Work/Life Balance
2.0
Salary/Benefits
3.0
Job security/advancement
5.0
Management
5.0
Culture
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5.0
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Salary/Benefits
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12 June 2020
Same roleSame location
Mortgage Agent (Current Employee) - Mississauga, ON
From all the brokerages out there, you will learn the business here. Their 1st 5 files are paid at 50% but unlike others the underwriters actually jump on with you on every file and guide you.

They’re picky about the documents but I guess so are all the lenders nowadays. Rates are excellent, have a tone of lenders.


Technology is unbeatable. Their tools are awesome, I’ve never seen those options anywhere before.


They won’t babysit you, you have to get your own leads and convert. Help is there but not for marketing. I got moved on to 90/10 in just 3 deals. In-house lending is quick and good competitive products.
Pros
Knowledgeable, true to their word, helpful
Cons
Mississauga office only, desk fees, pay separate for leads
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1.0
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16 April 2020
Same location
Agent (Former Employee) - Mississauga, ON
you are expected to generate your own business. There is no "storefront". If someone was to call or go "online" they, management, will keep the client, they do not assign the client to an agent.
Cons
no income to start, will take years to build
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5.0
Job work-life balance
Salary/Benefits
Job security/advancement
Management
Job culture
11 February 2016
Web Developer/Marketing Specialist (Current Employee) - Brampton, ON
Gain knowledge aboutphp, html, css. Management and co-workers was really awsum . There is no such hard part . Most enjoyable part is fun working environment and flexibility with timings.
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