loanDepot - The good reviews you are reading are completed by management! Trust me! | Glassdoor
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There are newer employer reviews for loanDepot

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Helpful (11)

"The good reviews you are reading are completed by management! Trust me!"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Mortgage Banker in Plano, TX
Current Employee - Senior Mortgage Banker in Plano, TX
Doesn't Recommend
Neutral Outlook
Approves of CEO

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

Pros

I honestly tried to find a pro about working here. I cannot think of any...

Cons

Long hours with little pay...you will make 35K/year and that will be working 60 hours a week. Everyone on the phones is looking for another job. Overtime would not be bad if we were making the 8K/month they promised. They pay you practically minimum wage for the first 4 months and claim they pay a lot of money to train you. Then why won't you pay a decent wage during training? If you invest 'so much' in every employee- why not invest in a decent wage to live on? Do not work here!

Advice to Management

Take care of your employees like you promise - words don't mean anything. Action does.

loanDepot Response

Apr 22, 2014 – Director of Recruiting

We appreciate all comments, both positive and constructive, so thank you for taking the time to share your experience.

Other Employee Reviews for loanDepot

  1. Helpful (2)

    "Best place to work, hands down"

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

    I have been working at loanDepot full-time (More than 3 years)

    Pros

    The people are awesome. Huge emphasis on having a positive atmosphere. Having a positive attitude and good work ethic goes a LONG way here. Also, we get tons of leads. Even though the market slowed down this company is still growing, buying more leads and hiring more people.

    Cons

    I have ZERO complaints. Seriously.

    Advice to Management

    Jump in and silent monitor and second voice more sales calls. 2 heads are better than one, and everybody gets sharper at their job and makes more $. You guys are awesome = )


  2. Helpful (10)

    "A sweat shop"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Mortgage Banker in Plano, TX
    Former Employee - Senior Mortgage Banker in Plano, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    They pay for licenses in multiple states

    Cons

    They said people were closing average 10 loans but really it was 3 or 4. Made you work thru lunches.Wanted you to work overtime on top of the mandatory overtime. Certain people get way better leads than others. Easy loans were not closing in 30 days. Get paid 40k for working 50 plus hours a week!

    Advice to Management

    Make sure everyone gets the same leads and let people have breaks

    loanDepot Response

    Mar 14, 2014 – Director of Recruiting

    We appreciate feedback. Thank you for taking the time to share your experience. Do we require you to work hard? Absolutely. It's a competitive industry and we are a competitive company. Our... More

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

See Most Recent

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