There are newer employer reviews for loanDepot
There are newer employer reviews for loanDepot

See Most Recent

Great company! Pleasure to work here

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Mortgage Banker in Scottsdale, AZ
Current Employee - Senior Mortgage Banker in Scottsdale, AZ
Recommends
Positive Outlook
Approves of CEO

I have been working at loanDepot full-time (More than a year)

Pros

Easy to make a very generous income. The attire is casual, and the location in the Scottsdale Airpark is perfect for commuters and going for lunch

Cons

Technology sometimes leaves more to be desired. Sometimes the systems can shut down.

Advice to Management

Look forward to being independent with our own server network, rather than utilize a citrix substitute. Opportunities for telecommuting could fix the capacity issue.

loanDepot Response

Oct 11, 2013 – VP Talent Management

Thank you for taking the time to write about your experience as an employee at loanDepot. We appreciate your feedback! We're so glad that you've found our compensation structure easy to make a ... More

Other Employee Reviews for loanDepot

  1. Helpful (7)

    Do Not Work at loanDepot! Unprofessional and misguided leaders!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at loanDepot full-time (More than a year)

    Pros

    None. Do not expect to be set up for success unless you are hand selected by the VP or senior leadership team.

    Cons

    loanDepot breeds a culture of exclusivity at the senior leadership and corporate level. No work/life balance and little or not relevant training or leadership direction. Constant changes in supervisors and a revolving door for lower/mid level staff. Management splurges on expensive dinners for corporate staff whilst lower level employees are expected to work extensively long hours and are treated poorly.

    Advice to Management

    Hold senior VP teams accountable for inadequate leadership behaviors and curb spending at corporate level. Perhaps you can then allocate funding to 'culture' training to improve morale and create a successful environment to succeed for ALL staff.

    loanDepot Response

    Oct 16, 2013 – VP Talent Management

    We appreciate feedback both constructive and positive, so thank you for taking the time to share your experience. We take our culture very seriously and it’s disheartening that you didn’t find it ... More


  2. Helpful (7)

    Can't speak for Foothill, Scottsdale, or Brentwood but in Plano STAY AWAY!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Was In Manager Role In Mortgage Sales in Plano, TX
    Former Employee - Was In Manager Role In Mortgage Sales in Plano, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at loanDepot full-time (Less than a year)

    Pros

    Very good licensing dept. Building and location in Plano is very nice Gym in Plano location is not bad Covered parking in Plano if you get there early

    Cons

    loanDepot is only interested in shorterm success, (nothing is built for the long haul). Philosophy is "All In" now and it is a sure bet that later on you will not have anyting more to give, (so be leary when you see those "All In" signs all over the place there. If you are in the Plano area there are many other companies that are better choices to join, (there is a reason that in Plano they are having to rely on the ACES program to hit their hiring targets). ACES is a program designed to hire candidates with little or no experience but show potential. If you have experience I would stay away from loanDepot. The Culture and Values so talked about is not really there also so be careful when you see those banners hanging everywhere. In a nutshell the culture is we will give you some coozies, monsters and red bulls and then go tell you to work 10+ hours a day under unreasonable pressure. (just like one other reviewer mentioned, "just get the $495 deposit".. Work Life Balance-- Naaah, (you won't have it).. 50+ hours is very accurate. The pay will not off set it either, (if you are thinking that). Benefits are OK.. Very similar to other larger companies. Compensation-- A few will make decent, (mortgage industry), money but they will have special attention from processing in order to do so.. The rest will not make much.

    Advice to Management

    Not any that they would listen to or learn from.

    loanDepot Response

    Oct 16, 2013 – VP Talent Management

    We appreciate feedback both constructive and positive, so thank you for taking the time to share your experience. We’re glad that you found our licensing department to be good, as well as our new ... More


There are newer employer reviews for loanDepot
There are newer employer reviews for loanDepot

See Most Recent

Work at loanDepot? Share Your Experiences

loanDepot

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.