loanDepot Reviews

Updated 23 Sep 2020

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3.4
58%
Recommend to a Friend
70%
Approve of CEO
loanDepot Founder and CEO Anthony Hsieh
Anthony Hsieh
738 Ratings
Pros
  • "And there were decoration contests around the holidays to make it a fun work environment(in 55 reviews)

  • "Loan Depot is Truly an amazing company to represent(in 41 reviews)

Cons
More Pros and Cons
  1. "Be ready"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Loan Processor in Dallas, TX
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at loanDepot full-time for less than a year

    Pros

    excellent/fair pay + incentive/ benefit

    Cons

    Lots of changes, needs guidance

  2. "Great Experience"

    4.0
    Former Employee - Loan Officer 

    I worked at loanDepot full-time for more than 3 years

    Pros

    - Earning potential - Motivating environment - Great coaches

    Cons

    - Loan officers could benefit from more sales training


  3. "loandepot has helped change my life"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Mortgage Loan Officer in Irvine, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at loanDepot full-time

    Pros

    .loandepot has helped change my life

    Cons

    nothing i can think of

  4. "Good repetitive job"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Account Manager in Foothill Ranch, CA
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at loanDepot full-time for less than a year

    Pros

    Its simple, once you get it you got it

    Cons

    Not many days off, pay is a bit low if you don't make comission

    loanDepot Response

    loanDepot

    We appreciate the feedback regarding your time as a member of Team loanDepot. We will share this review with our management team. If you would like to discuss this further, please email wecare@loanDepot.com

  5. "Lots of Stress"

    3.0
    Current Employee - Senior Account Manager in Foothill Ranch, CA
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I have been working at loanDepot full-time for less than a year

    Pros

    Good hourly, commission and bonus'

    Cons

    lots of stress, you take the hot seat when others delay

    Continue reading

    loanDepot Response

    loanDepot

    We value this insight into your experience and will share them with our management team. If you would like to discuss your concerns further, please email wecare@loandepot.com.

  6. "Stressful"

    4.0
    Former Employee - Mortgage Closer in Scottsdale, AZ

    I worked at loanDepot full-time

    Pros

    Consistent schedule, overtime, coworkers, hire from within

    Cons

    Training, management, lack of support

    loanDepot Response

    loanDepot

    We value this feedback regarding your experience as a member of Team loanDepot. If you would like to discuss your concerns further, please email wecare@loanDepot.com

  7. "Matrices everywhere"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Compensation and Benefits
    • Senior Management
    Current Employee - Llo in Irvine, CA
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I have been working at loanDepot full-time for more than 3 years

    Pros

    Good pay, good management team.

    Cons

    Loans are not funding, CEO is not appreciative of work output

    loanDepot Response

    loanDepot

    Thank you for this insight into your experience. Our objective is to provide a positive environment and we would like to hear more. Please email wecare@loandepot.com and we will set up a time to discuss.

  8. Helpful (1)

    "Good Culture"

    4.0
    Current Employee - Senior Underwriter III 

    I have been working at loanDepot full-time

    Pros

    Working from home. Management does a great job of creating culture of cooperation.

    Cons

    Limited PTO 15 days and one floating holiday.

    loanDepot Response

    loanDepot

    We appreciate your honest feedback. Our employees are our greatest asset and we truly appreciate your hard work and dedication. We will share this review with our team.

  9. "Call Center Sales"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Customer Lending Representative in Plano, TX
    Recommends
    Positive Outlook
    No Opinion of CEO

    I have been working at loanDepot full-time for more than a year

    Pros

    Sales experience, Customer experience, Energy level

    Cons

    Integration at the low level is difficult to expand from

    loanDepot Response

    loanDepot

    We value this insight into your experience and would appreciate hearing more. If you would like to discuss anything further, reach out to wecare@loandepot.com so that we can schedule some time.

  10. Helpful (1)

    "Cool"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at loanDepot full-time for less than a year

    Pros

    Good place for Career nice

    Cons

    Overtime , over time over time over time

    loanDepot Response

    loanDepot

    Thank you for this feedback. Providing a positive work enviroment with a pathway to career growth is our top priority.

Found 1049 reviews