Working at loanDepot | Glassdoor

loanDepot Overview

Foothill Ranch, CA
5001 to 10000 employees
2010
Company - Private
Finance
$500 million to $1 billion (USD) per year
loanDepot is America’s lender offering home purchase and refinance loans, personal loans and home equity products nationwide. The company operates under the brand names of loanDepot.com, imortgage, Mortgage Master and LDWholesale. It is licensed in all 50 states ... Read more

Mission: Our goal is to be the lender of choice for consumers and the employer of choice by being a company that operates on sound principles of exceptional value, ethics and transparency.

Company Updates

  • Chairman Anthony Hsieh personally meets with thousands--connects with millions via broadcast: http://glassdoor.com/slink.htm?key=vQP9K

    Redefining March Madness: From Keynotes and Panels to CEO Connects, Our CEO is Always on the Go

    While March Madness usually refers to men's college basketball, at loanDepot it's our CEO Anthony Hsieh's travel schedule this month. Hsieh, who is highly committed to staying connected to employees at all levels of our company, is logging thousands of miles to share how loanDepot's proprietary technology is transforming America's lending landscape.

  • What is the difference between good and great companies? Leadership: http://glassdoor.com/slink.htm?key=vQ5CY

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loanDepot – Why Work For Us?


Founded by industry architect Anthony Hsieh, loanDepot is an emerging-growth nonbank lender offering mortgage and nonmortgage lending products in all 50 states. As America's lender, loanDepot is disrupting finance and redefining the market amid changes in consumer behavior, technology, economic cycles and market consolidation. The company operates under the brand names of loanDepot.com, imortgage, Mortgage Master and LDWholesale. It is licensed in all 50 states, generates loan production from five online business production centers, employs 5,200+ people including more than 1,700+ licensed loan officers, and operates over 180+ lending stores throughout the nation. The company maintains corporate headquarters in Foothill Ranch, CA with Retail, Consumer Direct, Wholesale, Affinity and servicing operations across the nation. loanDepot is an approved seller and servicer for Fannie Mae, Freddie Mac and Ginnie Mae. loanDepot.com, LLC, NMLS # 174457. Learn more at loanDepot.com.


"Best place to work, hands down! Love the culture and it starts from the top,"  — Amy Costa

"loanDepot is a breath of fresh air for me. I truly look forward to coming into the office every day and can't wait to see what we have in store," — Keven Culp

"I knew why loanDepot was voted Best Place to Work in OC within the first few days of working here. A great place to work begins with great leaders and we've got them here!" — Heidi Powers

"If you are looking to be a part of a winning team, look no further. Invest the time to learn more about our incredible organization. If you want to take your career to new levels with a company that has strength and size and that promotes top talent, join us," — Paul Ramos

"Working at loanDepot has changed my family's life and the lives of our customers!" — Marcus Montrose

"We are a modern company and passionate about our industry. I'm thankful to call loanDepot home!" — Shelly Wood

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"loanDepot has the best culture in the industry. You are recognized by name, not as a number," — Susan Beattie, vice president


"We have always prided ourselves on delivering a better experience for our borrowers and referral partners alike," — Lisa Gustafson, loan consultant

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"I have worked with Anthony Hsieh since the beginning of my career and he has always been such a visionary. I knew loanDepot offered the opportunity for me to expand my lending experience and industry knowledge, and could help me take my career to the next level," — Jeniffer Martinez-Kim, funding lead

Our CEO is on the go

One of the many great benefits of life at loanDepot is the hands-on approach our Chairman and CEO Anthony Hsieh uses to stay connected with all 5,200 of our #TeamloanDepot associates. Instead of only connecting during holiday functions or annual Town Hall events, Hsieh is truly a CEO on the Go, driving our daily activities through his passion to help responsible borrowers by engaging with #TeamloanDepot directly and often. In additional to updating our nation-wide workforce through personal emails, he regularly visits with our #TeamloanDepot associates in person no matter their location —a major undertaking for a company with reach in all 50 states.

This July found Hsieh on a whirlwind Town Hall tour in all time zones. Associates in greater the Chicago, Nashville, and Orlando areas met up with Hsieh for direct and engaging conversations. Together with key members of his executive team, he laid out the framework for the company’s continued expansion and growth. Next week, Hsieh will embark on yet another tour—as a keynote speaker at LendIt China. In Shanghai, Hsieh will share his journey molding our great company from start-up to stardom, including broader industry insights—and personal lessons learned along the way—to entrepreneurs from Europe and China.

loanDepot named Top Workplace in Tennessee

As America’s lender, loanDepot is focused on providing excellence to consumers, our associates and our business partners. This guiding principle drives everything we do, and that’s one reason we’re proud to announce loanDepot was named a Top Workplace by The Tennessean as voted by TeamloanDepot associates based at our Franklin, Tennessee campus.

Licensed Lending Officer Andrew Glotfelty is eager to share his enthusiasm for loanDepot, its people, advanced technology platforms and commitment to service – all which help him provide his customers with exceptional service.

“loanDepot is special to me because of the people and the technology,” says Glotfelty. “We have great people who love helping our borrowers achieve their dreams.  With our headquarters based in one the largest tech hubs in California, it brings an exciting element of technology to our work, which carries over to expanded knowledge for us all. Because of this and more, we continue to draw top talent.”

Todd Grunwald, licensed lending officer, agrees.

“What I like most about working at loanDepot is helping my clients save money and educating them on their loan options, as well as the teamwork environment,” he says.

#TeamloanDepot gave the company its highest feedback scores in the area of benefits, positive workplace environment, compensation and the availability of formal career training.

“loanDepot being selected as a Top Workplace means we are doing a lot of things right,” says Glotfelty. “To receive this feedback from our own team members while rising to the top in our industry is not an easy accomplishment.”

With more than $70 billion in loans funded to responsible borrowers since its inception in 2010, loanDepot has grown to a nationwide workforce of more than 5,200 strong. Our Tennessee campus is continuing to expand with current openings for licensed loan officers.

Scotsman Guide ranks loanDepot as #1 Top Retail Volume Mortgage Lender in the U.S.

#TeamloanDepot does it again! Our impressive 5,200-strong nationwide team of lending professionals has propelled the company into the No. 1 spot as the nation’s Top Retail Volume mortgage lender on the Scotsman Guide’s 2015 Top Mortgage Lenders report released today.

loanDepot also earned the No. 2 spot on this year’s Scotsman Guide’s list of Top Mortgage Originators for Top Overall Volume with nearly $30 billion in fundings last year, and No. 8 for Top Wholesale Volume.

These impressive rankings are a direct result of the dedication and passion we have for attracting the lending industry’s top talent, and a testament to our commitment of helping responsible borrowers nationwide access credit. They also serve as recognition that our unique employee-supportive culture truly empowers our associates to achieve significant personal and professional goals beyond their own expectations.

loanDepot is America’s lender operating under the loanDepot, imortgage, Mortgage Master and LDWholesale brands nationwide. The company employs 5,200 people including 1,700 licensed loan officers who operate from eight technology-enabled business centers and 150+ local lending locations across the country. The company has funded more than $70 billion in personal, home and home equity loans since inception in 2010.

The company was ranked by the Scotsman Guide among entries from hundreds of mortgage lenders across the country. To be eligible for consideration, all loan volume had to be from mortgage originations on one- to four-unit residential properties within the United States and verified by Scotsman Guide representatives.

Now in its fourth year, the Scotsman Guide ranks the nation's top mortgage-lending companies for Top Overall Volume, Top Retail Volume, Top Wholesale Volume, Top Correspondent Volume and top Volume Gain. The organization operates one of the mortgage industry’s most comprehensive and intensely verified lists of its kind today. This year’s list and rankings are available online at ScotsmanGuide.com/TopLenders2015.

From loan officers to loan processors, IT professionals to software engineers, business systems analysts to customer care, if you have a desire to work with the best award-winning lending team in the country, there’s a good chance that we have an opportunity for you.

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Anthony Hsieh  - Founder and CEO
 

Anthony Hsieh is a lifelong entrepreneur and the chairman, chief executive officer and founder of loanDepot LLC, an emerging growth nonbank consumer lender.

He is a national mortgage industry expert and innovator who has successfully navigated through multiple housing and economic cycles spanning 30+ years. He is known for integrity, innovation and market timing.

In 1989 he acquired a mortgage brokerage company and quickly transformed it into LoansDirect.com just as the internet sector was taking off. The company remained one of the most profitable and successful mortgage lenders in the 1990s, and was acquired by E*TRADE Financial in 2001.

In 2002, Hsieh founded HomeLoanCenter.com, the first online lender to offer a full spectrum of home loan products in all 50 states featuring live interest rate quotes and loan offerings tailored to individual borrower needs and credit profiles. Hsieh continued to lead the business for three years after merging IAC/Interactive subsidiary Lending Tree in 2004.

Hsieh launched loanDepot in 2010 with a commitment to responsible lending and customer-first service. The company has nearly doubled in market share every year since 2012, and today employs approximately 4,500 people that includes 1,500+ licensed loan officers.

Always looking to the future, today Hsieh is leading loanDepot LLC into nonmortgage consumer lending to diversify the company's origination portfolio so it remains sustainable in all market conditions and is a national nonbank lender of choice.


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Jeff DerGurahian - EVP, Capital Markets

Jeff DerGurahian was named Executive Vice President of Capital Markets for loanDepot in May of 2012. In this role, DerGurhian oversees loanDepot's secondary marketing and capital markets efforts including investor relations, loan trading, hedging, pricing strategies and product development.

Prior to joining loanDepot, DerGurahian served for 9 years as Executive Vice President of Capital Markets for Prospect Mortgage, LLC and was a Hedge Manager for Tuttle Risk Management Services before joining Prospect (formerly MetroCities Mortgage).

DerGurahian holds a bachelor's degree in Finance from the University of Virginia.

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Bryan Sullivan - EVP, Chief Financial Officer

As executive vice president and chief financial officer, Sullivan is responsible for leading the company's fiscal management on an enterprise level and across all divisions, including loanDepot.com, imortgage, Mortgage Master and LDWholesale. He is also responsible for financial planning and analysis, treasury, mergers and acquisitions and investor relations.

Sullivan joined loanDepot in 2013 as executive vice president and chief investment officer, in which he was resonsible for strategic partnerships, asset acquisitions, financings, corporate capital markets and mergers and acquisitions.

Sullivan has more than 17 years of financial services experience and previously worked at Pacific Investment Management Company (PIMCO) as their lead portfolio manager focusing on private equity investing, asset investing and other special situation investment opportunities.

Prior to PIMCO, Sullivan was a senior member of the Special Situations group at Goldman Sachs focused on private equity, asset investing, lender finance and other distressed and special situations investing. Previously he was a financial institutions investment banker with FBR & Co., focusing on M&A and capital-raising for regulated and unregulated financial services companies. He began his career at KPMG in Los Angeles providing assurance services to financial services clients.

Sullivan has a bachelor's degree in Accountancy from the University of San Diego and is also a licensed CPA in the State of California. 

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Dominick Marchetti - Chief Technology Officer

As Chief Technology Officer at loanDepot, LLC, Dominick Marchetti oversees the evolution of new technology to support the company's consumer-direct strategy on an enterprise level to enable the further expansion of new lending products across multiple platforms.

Marchetti came to loanDepot from Blueberry Systems, where he was chief operating officer, responsible for product development and the day-to-day operations of the company. Throughout his career, he has created a series of industry portals, credit companies, insurance platforms and an offshore company focused on business process outsourcing.

Marchetti graduated from the University of Arizona with a Bachelor of Science degree in economics.

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Peter Macdonald  - EVP, General Counsel

Peter Macdonald serves as General Counsel, Executive Vice President for loanDepot, LLC. Macdonald is well-versed in legal, compliance and regulatory standards and has advised financial services clients for more than 15 years. He currently oversees all aspects of the Legal Department including the Legal & Compliance Team and Consumer Finance Protection Bureau Readiness. He also has oversight of all litigation, regulatory compliance, licensing, regulatory exams, quality assurance, customer service, audits, and employment-related legal matters. Macdonald is responsible for managing outside counsel in all 50 states. He and his team are also responsible for communications with borrowers, regulators, state attorneys general, potential and current investors.

During his professional career, Macdonald has participated in the execution of acquisitions, organizational restructuring and the success of fast-growth companies. Prior to joining loanDepot, Macdonald served as General Counsel, VP, and Secretary for Home Loan Center and LendingTree from September 2003 through November 2006. His experience prior to joining the mortgage industry includes counsel to various established and start-up companies, as well as a prosecutor in his role as Deputy City Attorney for the City of Anaheim.

 
Ethics and Integrity

We employ uncompromised ethical standards demonstrating honesty and fairness in every action we take. We treat one another with respect and value each other's contributions.

Taking Care of Our People

Employees are our most important asset and biggest competitive advantage. We celebrate successes and recognize achievement. We encourage feedback, suggestions and ideas to surface from anywhere within the organization. We appreciate multiple perspectives and diverse expertise.

Excellence

We are committed to Best in Class with integrity. We take ownership and accountability and aspire to flawless execution and quality. We embrace diverse backgrounds as we seek the best talent and promote its development.

Customer Care

We strive to exceed customer expectations through dynamic listening and timely responses. We consistently educate our customers and seek to continuously improve our service.

Entrepreneurial Spirit

Together we are passionate and determined to stimulate and embrace change and drive innovation. With a devoted sense of urgency, we always do more with less.


loanDepot Reviews

4.2
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Recommend to a friend
Approve of CEO
loanDepot Founder and CEO Anthony Hsieh
Anthony Hsieh
361 Ratings
  • Featured Review

    Helpful (5)

    "Amazing management and corporate culture"

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

    I have been working at loanDepot (Less than a year)

    Pros

    Simply a fantastic company to work for. Its the corporate culture and management that make it a great place to work. I highly recommend the ACES program. The program gives you the tools necessary to be a successful mortgage banker. I have now been on the sales floor for over 1 month have done very well due to the support by ACES and the management. I highly recommend Loan Depot and the Mortgage Banker position.

    Cons

    This position requires a lot of time and dedication; however, if you're willing to put in the work, you will see the fruits of your labor ($$$)!

    Advice to Management

    Keep doing what you're doing. You're very supportive, helpful, and motivating.

See All 528 Reviews

loanDepot Interviews

Interview Experience

Interview Experience
68%
12%
18%

Getting an Interview

Getting an Interview
39%
36%
14%
4
3
0
0

Interview Difficulty

2.7
Average

Interview Difficulty

Hard

Average

Easy
  1. Featured Interview

     

    Dev Ops Engineer Senior Interview

    Anonymous Interview Candidate in Lake Forest, CA
    No Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 1+ week. I interviewed at loanDepot (Lake Forest, CA) in June 2016.

    Interview

    Very Responsive and overall quick Process. Initial conversation was with a HR representative, with 2 Followup interviews. The first was a general, relaxed phone interview to assess my background with 2 employees. This was followed by a much more rigorous, technical interview focusing on very technical Questions, scripting abilities, and several what-if scenarios. In all the process was fair and for the most part relaxed, and very professional.

    Interview Questions

    • Questions about Different DNS record types and their uses.   1 Answer
    • Building simple programs in powershell.   Answer Question
See All 159 Interviews

loanDepot Awards & Accolades

  • Top Workplaces, Top Workplaces, 2016
  • Top Workplaces, Top Workplaces, 2016
  • Fastest Growing Private Companies in America (#746), Inc. Magazine, 2015
  • Management Team of the Year (Financial Services and Banking), CEO World Awards, 2015
  • Top Workplaces (In Tennessean), The Tennessean, 2015
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