Mortgage Banker Position, Louisville, KY - Refi Mrtg Banker East Discover Employee Review

3.0
Apr 14, 2013
Recommend
CEO approval
Business Outlook

Pros

Excellent benefits, decent base salary (was $10.00 an hour as of early 2013) for an entry level position and very good commission based compensation for those who excel at the job. Business model is one of honesty and transparency for the most part. Branch leadership was fairly strong.

Cons

Completely results driven. If you aren't one of the better performers, you aren't seeing a whole lot more than that $10.00/hr base. A lot of pressure to meet daily call count/ talk time thresholds. Environment can feel hyper competitive. Once you acquire the licenses to legally do the job, you are on the phone (thrown to the wolves so to speak). **Actual SALES training is insufficient at best. I cannot emphasize this enough.**

Explore other reviews about Discover

5.0
Mar 28, 2026
Recommend
CEO approval
Business Outlook

Pros

One of the most significant advantages of interning at Discover is the opportunity to work with massive, high-stakes financial datasets within a highly collaborative and mentorship-driven culture. Because the company manages millions of consumer accounts, you gain direct experience in how data-driven decisions impact risk management, credit modeling, and fraud detection in real time. The environment is known for being supportive of early-career professionals, offering structured learning paths and exposure to modern cloud-native infrastructures like AWS. Furthermore, the company’s strong focus on work-life balance and a clear pipeline for converting interns to full-time roles makes it an excellent "foot in the door" for anyone looking to build a career in fintech.

Cons

On the other hand, the primary drawback often stems from the inherent bureaucracy and heavy regulation of the banking industry, which can lead to slower project lifecycles and "red tape." You may find that a significant portion of your time is spent on repetitive data cleaning and maintaining legacy reporting systems rather than building the cutting-edge predictive models you might expect. Additionally, because Discover is a massive organization, your scope of work can sometimes feel siloed, making it difficult to see the end-to-end impact of your analysis across different departments. Finally, the current landscape of the industry means that internal shifts or large-scale corporate restructuring can occasionally lead to uncertainty regarding team directions or long-term project stability.

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