loanDepot Reviews

Cons

pay could be a lot better

Cons

Tougher market but company is responding and making the right moves to make things easier

Cons

Not everyone makes the money, and not everyone sticks around. In my recruiting class only 50% have made it a year. Most have quit and a few have been let go. That’s how the industry is.

This job is the definition of a grind. Phone sales is hard, and the industry is cutthroat you are literally fighting to put food on the table every day against another guy trying to put food on his table. You need to be able to connect with someone only using your voice and that’s menatlly draining. Plus 80% of people don’t qualify. The job is repetitive so you need to find ways to mix it up.
I’ve heard mixed things about the health of the company and about certain management decisions. Which is concerning. But the company tries to paint a rosy picture. It’s impossible to know who to believe.

Brutally long days in incubation. But it does prep you for the floor.

Market is in a bad cycle right now - but phones ring.

Lots of turnover, especially of high producers, I would think they would try a little harder to keep top people.

Cons

I had a good job and they convinced me with lots of promises.
The worst decision of my life so far.

Cons

Work is unexciting. Learning opportunities are scarce. Very little mentorship going on. Lots of conflict between coworkers, especially at the higher levels. Lots of negative personalities. Rapidly eroding trust between engineers and managers, as well as between managers and senior leadership. Leadership lacks the will and/or interest to address the maladies affecting the department. After losing most of the best people, the IT department is now more or less just of bunch of posturing, manipulative conmen and phony, annoying douchebags.

Cons

Limited room to advance one career.

Cons

Toxic atmosphere encouraged from top down. Not one person in my department received a raise or a promotion and I was there three years. The bonuses that were part of our compensation package at signing were a lie. Not one person (in dept.) received a bonus the entire time I was there.

Executives were inexperienced and by all accounts, were encouraged to be demeaning and cruel to employees. They hired well and brought on many talented people but turnover was huge in our department with people leaving scarred, angry and miserable. Favorites were played constantly and once you fell out of favor (usually for an arbitrary reason), there was no redeeming yourself. You were on "the list."

Approvals were used as a weapon. If you were on the "list," your requests for approvals would be ignored to the point that you missed deadlines. This prevented people from doing their jobs and power games resulted in nothing productive getting done. Team members were pitted against each other and given ultimatums by department head until forced to throw coworkers under the bus.

Titles were manipulated to play people against each other as well. Men with less experience were paid more than women in at least one known situation.

Cons

- No yearly bonus or raise.
- Employee moral is low, not much recognition or events for birthdays/holidays.

Cons

Strict Time policies, kinda like a prison,

Cons

No cons jump to mind