loanDepot

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74 Employee Reviews (View Most Recent)

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  • Culture & Values
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2 people found this helpful  

A Challenging Company

Senior Mortgage Banker (Former Employee) Foothill Ranch, CA

ProsAs a former senior mortgage banker, the company incentivizes you to work hard and produce. As you are performing on the metrics and follow company/federal guidelines, you will make hefty checks because leads are plentiful. It's a very simple process that consists of talking on the phone(5+ hours per day), securing solid deals that can fund(NOT WOOD), collecting documentation, and funding loans. This is a sales environment, so if you're not producing, you will not last. The mangement cares about metrics (lead to conversion ratio, lock to docs ratio, processing to fund ratio, and number of fundings) Also, if you are a tenured banker with poor habits, you will not make it. You will work 50+ hours per week.

ConsThe cons of the company consists of days of poor quality leads, which happens in any sales environment

Advice to Senior ManagementBetter commission structure of the amount of work.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

loanDepot Director of Recruiting responded to this review

Apr 22, 2014

Thanks for sharing your experience. We are always striving to improve, so we genuinely appreciate you feedback!
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Amazing place to work

    Senior Mortgage Banker (Current Employee) Foothill Ranch, CA

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


    Pros: Fast moving and growing company Great management team Outstanding Pay Cons: Long hours and can be stressfull at times, but for the pay everything is worth it. Bottom line is… Advice to Senior Management: Keep up the great work thanks for listening to us and making loanDepot such an… – I'm optimistic about the outlook for this company… More
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Great Opportunity, Great Support

    Senior Mortgage Banker (Current Employee) Foothill Ranch, CA

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


    Pros: From the very beginning, this company has had everyone's back. I came into the industry with no experience and not an idea of what to… Cons: Sometimes the work and hours become heavy, but it is… Yes, I would recommend this company to a friend More
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