loanDepot Reviews | Glassdoor

loanDepot Reviews

Updated December 14, 2017
734 reviews

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3.9
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loanDepot Founder and CEO Anthony Hsieh
Anthony Hsieh
512 Ratings

734 Employee Reviews

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Pros
Cons
  • Work/life balance is the biggest challenge with this position (in 42 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 62 reviews)

More Pros and Cons

  1. "The lender of the future"

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

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

    Pros

    loanDepot is adapting to the new digital age while other lenders are becoming obsolete. Translation: Your job will still be here a few years from now.

    Cons

    You'll be paid exactly what you're worth. If you're not willing to work hard and be worth a lot you won't be paid a lot.


  2. Helpful (1)

    "Licensed Lending Officer"

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

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

    Pros

    The administration of this company is awesome. From the CEO to production managers everyone is on the same page. The atmosphere with employees is great, positives attitudes are contagious in this place. Hands down the best company in America from top to bottom.

    Cons

    Longer days at work, but most weekends are off!

    Advice to Management

    Keep doing what you're doing!

  3. "Not for wimps"

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

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

    Pros

    They promote from within, they take good care of their employees, wonderful facilities, company culture promotes growth. Strong bonus and commission structure at all levels of employment

    Cons

    Extremely long hours, work can be stressful.

    Advice to Management

    This is the best job I've ever had I hope to make it a lifelong career keep doing what you're doing.


  4. "Best Mortgage Company"

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

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

    Pros

    It is a great company if you are a go getter! The people are the best part, that and the endless possibilities for growth if you work hard.

    Cons

    None that I have seen so far.


  5. "Licensed Lending Officer"

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

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

    Pros

    What to say about this amazing company. I've never work for a company that is so invested in it's employees. Loan Depot will literally do everything in it's power to make sure you succeed. The work environment is competitive and challenging in the best way possible. This truly is a career with no limits. Our office also has a starbucks machine so that is a huge pro! The management in the TN office is superb and I could not feel more blessed to work with such a supporting team.

    Cons

    Now in order to have a career with no limits you must prepare to put in the time to achieve your career and financial goals. The hours can be long but honestly well worth it.


  6. "Best Job I've ever had"

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

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

    Pros

    Compensation, Benefits, Leadership, Management, Training, Environment, Culture

    Cons

    Typically long hours if you want to make the big bucks, at least until you become more efficient.

    Advice to Management

    Keep up the great work

    loanDepot Response

    Dec 5, 2017 – Employee Experience Team

    Thanks for taking the time to share your review!


  7. "Great place to work"

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

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

    Pros

    Work from home, flexible schedule, leads provided, in house processing and underwriting, quick closing time

    Cons

    None to mention, na na

  8. "Executive Lending Officer"

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

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

    Pros

    Senior Leadership dedicated to not only the financial rewards for their team members, but constant attention to their growth within the company.

    On site processing and POD's that are extremely good at what they do.

    An atmosphere that makes you feel like the hard work required is both understood and appreciated.

    Cons

    My wallet hurts my back from all the money I'm making

    Advice to Management

    Continue the awesome promotions involving trips, raffles, etc.

    loanDepot Response

    Dec 4, 2017 – Employee Experience Team

    Thank you for adding your review. It's great to hear that you are doing well while helping customers accomplish their financial goals. Wishing you continued success!


  9. "Licensed Lending Officer Review"

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

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

    Pros

    Working at LD will change your life for the better, as it did for me. I have been here for almost a year now (full time).
    -Compensation (the compensation is well worth the amount of work you have to do.)
    - The Culture and outlook amongst the entire team (feels like Family)
    -Great management team to guide you and your business
    -Benefits
    -On going training

    Cons

    -Long hours (Usually is in this environment, not a bad thing if you want to have a good income though)


  10. "Licensed Lending Officer"

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

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

    Pros

    I have been with loanDepot 3 years. I started with the company with no mortgage background and the company has supplied me with the proper training to do my job, and do my job well. The culture within the Scottsdale location is truly unique. Very tight family environment that colleagues, managers, senior leaders all go above and beyond to show appreciation. The company pays wells for hard work, I couldn’t be happier to be part of the family.

    Cons

    I really don't have a specific downside. We are asked to come in and bust our tails in which we are rewarded for. If you don't like hard work or long hours, you may not enjoy my job.

    Advice to Management

    Continue supporting us to be successful.

    loanDepot Response

    Dec 4, 2017 – Employee Experience Team

    Thanks for this review. We are happy to have you as part of the team. Our Arizona branch is led by an incredible site leader, who like the rest of our leaders, truly care about your personal growth... More


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