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loanDepot

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loanDepot

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loanDepot Employee Reviews about "long hours"

Updated Jan 16, 2021

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Found 80 of over 1,522 reviews

3.8
70%
Recommend to a Friend
85%
Approve of CEO
loanDepot Founder and CEO Anthony Hsieh
Anthony Hsieh
1,044 Ratings
Pros
  • "flexibility, pay, growth, opportunity , Good work environment(in 56 reviews)

  • "Loan Depot is Truly an amazing company to represent(in 42 reviews)

  • Cons
  • "You have to work long hours to build up a pipeline if you're new(in 80 reviews)

  • "work-life balance can be a little tough(in 68 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Ratings by Demographics

    This rating reflects the overall rating of loanDepot and is not affected by filters.

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    Reviews about "long hours"

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    1. 5.0
      Former Employee, more than 3 years

      Great opportunity

      Dec 27, 2020 - Licensed Lending Officer in Foothill Ranch, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      This is where you go to work hard, grind out what you can and make life changing money.

      Cons

      There are not many cons...long hours

      Continue reading
      Be the first to find this review helpful

      loanDepot Response

      loanDepot

      We are delighted to hear that your experience with loanDepot was positive. Thank you for sharing this feedback and leaving us a review!

    2. 4.0
      Former Employee, less than 1 year

      Great Company to work for as a New LO

      Dec 28, 2020 - Licensed Lending Officer in Irvine, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      excellent training, amazing software, strong company culture, 401k match

      Cons

      long hours, slow processing and funding time

      Continue reading
      Be the first to find this review helpful

      loanDepot Response

      loanDepot

      Thank you for sharing your thoughts about your time with loanDepot. If you would like to talk with us at all about your experience, or share more feedback, please email us at wecare@loandepot.com.

    3. 1.0
      Current Employee, more than 3 years

      Don’t work here

      Oct 17, 2020 - Platinum Licensed Loan Officer in Foothill Ranch, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Morning breakfast spread and Starbucks coffee machine.

      Cons

      1. Pressure. 2. Never enough and want more. 3. Long hours. 4. Anthony Hsieh expects more and does not appreciate sales team. 5. Their appreciation is as good as your last lock, and funding ratio. 6. The can’t get loans funded on time and lie about their system being the best in the industry. 7. They hide and remove all negative postings about them.

      Continue reading
      5 people found this review helpful
    4. 5.0
      Current Employee, more than 1 year

      loanDepot and the ACES program, best in class

      Aug 7, 2019 - Licensed Lending Officer in Irvine, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      After having been at loanDepot for just about a year, and after extensive history working for other mortgage lenders, I can say that loanDepot is without a doubt the best place to work at in the mortgage industry. Solid commission structure, world class training through the ACES program (suggested for anyone with less than 2 years in the industry, or even industry vets who could stand to lose bad habits), and the best management imaginable. Unlike many other lenders, you feel that loanDepot has a game plan not only for this month, but this year, the next, and the next decade. When rates rise, it's all too easy to look for greener pastures, and this is the first lender I've worked for where they constantly strive to improve the employee experience.

      Cons

      Long hours, however you are compensated with OT unlike many lenders who will only offer you a draw. After you've established a consistent pipeline, the hours are much more manageable.

      3 people found this review helpful
    5. 3.0
      Current Employee, less than 1 year

      Excellent training and support

      Aug 11, 2020 - Customer Lending Representative in Plano, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people, many opportunists for success and advancement

      Cons

      Long hours, low pay, poor lead quality

      3 people found this review helpful

      loanDepot Response

      loanDepot

      We value this insight into your experience and would appreciate hearing more. Please reach out to wecare@loandepot.com so that we can schedule some time.

    6. 5.0
      Current Employee, more than 1 year

      Great Company if you want to win daily

      Aug 7, 2019 - Licensed Lending Officer in Irvine, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Great work environment - ACES Training program, they taught me the entire exam and gave me the tools I needed to pass my SAFE exam - Pay is based out on a tier system that compensates you very well.. Very Well - Open door policy with anyone from management and they actually are there to listen to your feed back - Once on an executive officer level you can work where ever you want either from home or office - Lead flow is non stop you wont be sitting around very much depending on what kind of banker you are. If you are constantly putting in bad loans that wont fund your intake will be slowed down, but if you just do your job correctly don't try to "fluff" numbers you will have a steady non stop flow of solid leads all day. - My location in Irvine has the best management staff possible, more than half of what i've accomplished is all because the management team has your back and they will fight for you every step of the way. - Amazing health benefits and Paid time off is very easy to apply get done.

      Cons

      - If you are someone who wants to work 8 hours a day do not even bother coming here, this company is here to for one purpose only for both US & LoanDepot to get paid. No one leaves on the dot since the lead potential is always over flowing so it is looked down on if you do home right on the dot at 6pm. - Be expected to work long hours

      Continue reading
      6 people found this review helpful
    7. 4.0
      Former Employee

      Good

      Mar 25, 2020 - Llo in Irvine, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Pay was good at the time

      Cons

      Long hours, slow to respond

      1 person found this review helpful

      loanDepot Response

      loanDepot

      We appreciate the honest feedback regarding your time as a member of team loanDepot. We will share your experience with management.

    8. 5.0
      Current Employee, less than 1 year

      Great opportunity

      Aug 7, 2019 - Licensed Lending Officer in Irvine, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The best technology in the industry

      Cons

      You have to work long hours to build up a pipeline if you're new. Other than that there's no cons.

      Continue reading
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    9. 2.0
      Former Employee, less than 1 year

      Better companies out there

      Nov 19, 2019 - Loan Officer in Plano, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Mello Loan platform was decent.

      Cons

      Long hours, high pressure, poor management

      Continue reading
      4 people found this review helpful

      loanDepot Response

      Recruiting Manager

      We would like to learn more about your experience. Please email us at wecare@loandepot.com so that we can schedule a call.

    10. 4.0
      Former Employee, less than 1 year

      fun at the time being job became tiresome after 300 calls a day

      Jun 20, 2019 - Customer Service Representative 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      work enviroment was fun pay was decent

      Cons

      Long hours management breathing down your neck

      4 people found this review helpful

      loanDepot Response

      loanDepot

      Thank you for sharing your feedback about your recent experience with us. If you would like to talk with someone about your experience, please send us an email at wecare@loandepot.com. Thank you!

    Viewing 1 - 10 of 80 Reviews

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