Working at loanDepot | Glassdoor

loanDepot Overview

Foothill Ranch, CA
5001 to 10000 employees
2010
Company - Private
Lending
$1 to $2 billion (USD) per year
Quicken Loans, LendingClub, SoFi
loanDepot is America’s lender. Offering home purchase and refinance loans, personal loans and home equity products, backed by next generation proprietary technology nationwide. Licensed in all 50 states, loanDepot generates loan production from five online business ... 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.

loanDepot Reviews

3.5
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loanDepot Founder and CEO Anthony Hsieh
Anthony Hsieh
633 Ratings
  • "Lazy people not wanted"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Licensed Lending Officer
    Current Employee - Licensed Lending Officer
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    At loanDepot you will work hard. When you are at work you’re expected to work, if that’s not for you that’s okay. If you want a job to work 9-5 with no stress this is not the position for you. If you want to work hard you have unlimited income and growth potential. All that said, my personal experience at loanDepot is one of compassion. I am a women in a male predominant industry. I am also a single mom. My job is not easy but that is the business not loanDepot. My personal experience with management though is understanding. If you are willing to work for loanDepot they are willing to work for you. You will get out of it what you put into it. You can be “all in” and management will do the same.

    Cons

    loanDepot is not for those that want to show up and count the hours until they are off work. You have to want the opportunity, and take advantage of it.

    Advice to Management

    Own who you are and what you are. LoanDepot is one of the few companies that really does offer the American dream for those that want it. It bleeds down to how they do their business. You offer people hope both on the customer side and the employee side and I wish there was more both internally and externally to share those stories. They are powerful and worth sharing.

See All 895 Reviews

loanDepot Photos

loanDepot photo of: Talent Acquisition Team
loanDepot photo of: Come join the all-star team!
loanDepot photo of: Food Drinks Tech is the premier networking events for those in tech!
loanDepot photo of: Food Drinks Tech 7/13
loanDepot photo of: A special dinner for monthly top performers at our "25 and Dine" series.
loanDepot photo of: Happy July 4th, 2017!
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loanDepot Interviews

Experience

Experience
69%
12%
19%

Getting an Interview

Getting an Interview
40%
35%
16%
5
3
1
0

Difficulty

2.7
Average

Difficulty

Hard
Average
Easy
  1.  

    Software Engineer Interview

    Anonymous Interview Candidate in Foothill Ranch, CA
    No Offer
    Neutral Experience
    Average Interview

    Application

    I applied online. I interviewed at loanDepot (Foothill Ranch, CA) in September 2017.

    Interview

    I applied online, and their senior corporate IT recruiter contacted me back and had a phone interview. He asked me a few technical questions about C#, like about an access modifier, inheriting from class or interfaces, and big O notation for hashtable.
    Then had second phone interview, with a senior software engineer. He went through an interactive scenario, about troubleshooting the slow response time for a ZIP code validator. It was a neat exercise to explain my thoughts, but he didn't seem satisfied with my response about implementing it in C# instead of the database. Maybe he preferred more concrete detail, to which I would have suggested using a sorted dictionary and LINQ or search algorithm.
    I got a called back the next business day from the corporate recruiter saying I wasn't strong enough in the technical exercise. I never made it to the onsite interview(s). They were nice and tried to be helpful on the phone, which I appreciate.

    Interview Questions

    • Can you inherit from multiple classes?   2 Answers
See All 214 Interviews

loanDepot Awards & Accolades

  • #1 Retail Lending Volume, Scotsman Guide, 2016
  • Fastest Growing Private Companies in America(#746), Inc. Magazine, 2015
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Pledges & Certifications

Veteran Hiring Commitment

Committed to helping America's military veterans find work

Tech Hiring Commitment

Helping to train, hire and promote more technology workers

Diversity Commitment

Has programs that support a diverse and inclusive workforce

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