loanDepot Reviews | Glassdoor

loanDepot Reviews

Updated November 20, 2017
702 reviews

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3.8
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loanDepot Founder and CEO Anthony Hsieh
Anthony Hsieh
479 Ratings

702 Employee Reviews

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Pros
  • Loan Depot is the 2nd largest non banking institution in the Nation and has grown exponentially within 7 years (in 38 reviews)

  • Very good work environment, you are in charge of how much you make (in 35 reviews)

Cons
  • Work/life balance is the biggest challenge with this position (in 39 reviews)

  • Long hours but leads to unlimited income This review wants us to post 20 words for con I just can't think of any (in 55 reviews)

More Pros and Cons

  1. "Licensed Lending Officer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Southfield, MI
    Current Employee - Anonymous Employee in Southfield, MI
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Compensation plan is the best in the business, I have worked at 3 prior mortgage companies and this takes the cake. With regard to mortgage originating, you are not bogged down with getting involved with the loan process. You write the loan, gather initial required documentation and for the most part are on to the next loan. Sales calls are always available when you are and lead volume is incredible. loanDepot manages to maintain a fun competitive environment while also generating a sense of comradery. You are not asked to generate realtor business, this is inside sales. I only wish I had found this company earlier in my career, the income potential is endless and room for opportunity as the site continues to grow.

    Cons

    As I am required to provide a con I would say the only thing is this is not your typical 9-5 banker job. Be prepared for longer days and the occasional Saturday. However the days fly by as you are always busy, and the commission checks make it completely worth it. I would definitely recommend loanDepot to colleagues. If you are familiar with the business you know that you "eat what you kill", and here the eating is good.


  2. "Best company I've worked for!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CLR in Plano, TX
    Current Employee - CLR in Plano, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good hours, great payed holiday days, comfortable/pleasant work environment, supportive/encouraging management, awesome pay and benefits, the people hired are great people to work around.

    Cons

    Really can't think of any, great company!

  3. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Lending Representative in Plano, TX
    Current Employee - Customer Lending Representative in Plano, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great company overall. I love the environment my coworkers are amazing its definitely like my second home the hours are great were always having great companie activities which makes it even better

    Cons

    The commute is my only complaint


  4. "LoanDepot Contact Center"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Lending Representative in Plano, TX
    Current Employee - Customer Lending Representative in Plano, TX

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

    Pros

    This job is not easy!! But I get true satisfaction knowing we make a difference. This Company also has helped so many talented people get jobs.

    Cons

    You can not predict peoples behavior

    Advice to Management

    Keep it up ! :)


  5. "Customer Lending Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Lending Representative in Plano, TX
    Current Employee - Customer Lending Representative in Plano, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Very competitive workplace with great incentives such as monthly bonus, healthcare, and overtime.

    Cons

    Sometimes the amount of phone calls you take can be overwhelming.


  6. "A company to stick with!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Lending Representative in Lake Forest, CA
    Current Employee - Customer Lending Representative in Lake Forest, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Endless opportunity for advancement, great benefits, amazing schedules.

    Cons

    Work load is sometimes stressful, but always rewarding.


  7. "All in at loanDepot"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Lake Forest, CA
    Current Employee - Customer Service Representative in Lake Forest, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    They take care of you in every way possible.
    Awesome energy in the work area.
    Managers are always willing to help and want to see you succeed.

    Cons

    They want you to succeed

    Advice to Management

    Keep doing what you guys are doing!

  8. "All in"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Lake Forest, CA
    Current Employee - Anonymous Employee in Lake Forest, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Everyone works together to create a positive atmosphere for each other and the borrowers.

    Cons

    There is always room for improvement.


  9. "Great Place To Work!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - CLR in Lake Forest, CA
    Current Employee - CLR in Lake Forest, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Tremendous professional work environment. The staff at loanDepot make you feel like it is a family type of company. Everyone is here to motivate each other. Many opportunities to grow with the company and move up in the ranks.

    Cons

    LONG DAYS & LONG NIGHTS.

    Advice to Management

    Keep doing what your doing... The success of the company depends on it.


  10. "CLR (Call Center Rep.)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Call Center Representative in Lake Forest, CA
    Current Employee - Call Center Representative in Lake Forest, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great Opportunity For Growth And Promote From Within. Competitive & Fun Work environment .

    Cons

    I have been in the call center for 6+ months, and I have not experienced any negativity.


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