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CALCAP Advisors

Is this your company?

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

2.0
Nov 19, 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
Aug 3, 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
Nov 1, 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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