loanDepot Reviews
Updated May 14, 2022
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Found 1,794 of over 1,811 reviews
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Top Review Highlights by Sentiment
- "The company stride to be the leading direct lending company built on great customer service and culture for their employees" (in 82 reviews)
- "Long hours to be successful and most clients have not heard of us so we need to build the brand name with clients." (in 79 reviews)
- "Certain bankers who are relatives or close friends of upper management (and yes, it helps if you are young, female, and flashy) tend to get their own dedicated processor, and all the best leads regardless of talent or production efficiency." (in 30 reviews)
Ratings by Demographics
This rating reflects the overall rating of loanDepot and is not affected by filters.
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- Current Employee, less than 1 year★★★★★
Pros
Good pay and benefits. Easy to get leads if you work hard
Cons
Stressful but rewarding. Need to create a structured plan by yourself
- Current Employee, more than 1 year★★★★★
Pros
Great management and overall team
Cons
Great pay and good benefits
Thank you for your feedback. We pride ourselves on having some of the best leadership and team members in the business. We appreciate you sharing this insight with others and wish you continued success with the organization.
- Former Employee, more than 3 years★★★★★
Pros
PEOPLE that I worked with BENEFITS for insurance PAY REMOTE OPERATIONS
Cons
Promoting inexperienced people underqualified management favoritisms lack of Q.C. prior to funding doing high risk loans
Continue readingloanDepot Response
Recruiting Manager
Thank you for your feedback and for your years of loyalty. We value your insight and appreciate you sharing some of the perks of being a part of loanDepot. We are always looking to improve and will be sure to share your comments with leadership. For further conversation, we are here: wecare@loandepot.com.
- Current Employee, less than 1 year★★★★★
Pros
My information was passed to recruiting from a contact, and I received a call within an hour to chat and discuss if I would be interested in the open roles. When my recruiter, JR, said he would contact me with an update, he was on top of things. After each round of interviews he checked in to see my interest and thoughts and also shared the feedback from the interviewers, which was helpful for me to grow. Since I've started, I've jumped into the deep end. My group is extremely busy, but not in any way that is unmanageable. My leadership chain consistently checks in to make sure that we are not overworking ourselves, and they are not asking where I feel like I'm being judged for not doing enough. The work we're doing is exciting to see coming together and the energy and culture of the department is great. So far, I've already been given free to me training for one certification with the promist of another when there are more people to form a class. These are making me both better at my role and more marketable in the future - with encouragement to add to our LinkedIn profiles and resumes given.
Cons
My department is fairly new and just getting ramped up, so the new hire training is a little less than I would have liked. The learning curve has been a little steep, and while I'm ok with learning on the fly and asking lots of questions, not everyone will be. I miss my Snaggit tool :D
Continue reading - Current Employee★★★★★
Pros
I really like my current team
Cons
nothing cons i can think about
- Former Employee, more than 1 year★★★★★
Pros
Great way to get foot in the door
Cons
Long hours, costs are high
- Former Employee, more than 1 year★★★★★
Pros
Excellent training Great technology Great earning potential if you meet expectations
Cons
Long hours micro-managing Loan production is their top priority Weekend shifts
loanDepot Response
Recruiting Manager
Thank you for your feedback. We pride ourselves on our technology, training and competitive earning potential and appreciate you sharing this insight with others. We are always looking to improve and will be sure to share your comments with leadership. For further conversation, we are here: wecare@loandepot.com.
- Current Employee, more than 1 year★★★★★
Pros
Benefits and great management team.
Cons
Recent change in pay structure
- Former Employee, more than 3 years★★★★★
Pros
Amazing understanding bosses Get to watch the ballgame at times
Cons
$6 lunches 20 min breaks Low pay
- Former Employee, more than 5 years★★★★★
Pros
Good money, good people to stay in the industry
Cons
Lots of work but good pay
loanDepot Reviews FAQs
loanDepot has an overall rating of 3.5 out of 5, based on over 1,811 reviews left anonymously by employees. 61% of employees would recommend working at loanDepot to a friend and 54% have a positive outlook for the business. This rating has decreased by -7% over the last 12 months.
61% of loanDepot employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated loanDepot 3.2 out of 5 for work life balance, 3.4 for culture and values and 3.6 for career opportunities.
According to reviews on Glassdoor, employees commonly mention the pros of working at loanDepot to be benefits, culture, career development and the cons to be work life balance, management.
Popular Careers with loanDepot Job Seekers
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loanDepot Response
Recruiting Manager