loanDepot Employee Reviews

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Could be worse.....
Loan Officer (Former Employee) –  Foothill Ranch, CASeptember 22, 2017
It could be worse but Management seems lost. Lack of sales support, processing team seem to forget its sales they have to thank for the food on their table.
Cons
everything
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fun
Senior Escrow Officer - Refinance Desk (Former Employee) –  Lake Forest, CAAugust 31, 2017
co-workers were fun to work with. flexible hours. company had luncheons for appreciation. holiday parties always fun. office location close to where i live, that was a plus!
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overall good place to work
UW Manager (Former Employee) –  Plano, TXAugust 29, 2017
layers of management. Sometimes the message gets lost while being passed to staff. provide lunch for the month end crunch. Overall a good place to work at
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Great compensation if you are able to deal with horrible managers
Sr. DE Underwriter III (Former Employee) –  Plano, TXAugust 27, 2017
Great place for the process itself of underwriting, but the management is sub par (managers are not educated). That is the downfall of LD. Poor choice of people in areas of management that bully their employees. Once you cross one of them, they all work together to make your life miserable. Their motto is to stick together...it's management against the lowly worker bees.
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Productive and fun place to work at with great Benefits
Filing/Document Mailing Specialist (Current Employee) –  Lake Forest, CAAugust 15, 2017
Great typical day. I come to work we have coffee and snacks and then get to work. I learn its a great company to work for. Management is great they work with you and understand you.
Pros
free coffee and snacks
Cons
healthcare is not that great
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promises
Senior Mortgage Planner (Current Employee) –  Raleigh, NCAugust 14, 2017
I was promised a builder account that was in December.
this would give me a very constant income and a better home life.
as lender they have many programs for my clients
Pros
personal loans
Cons
software is slow
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Typical Mortgage Job
Production Assistant (Former Employee) –  Newport Beach, CAAugust 14, 2017
Nice company but will ask for more than they put in sometimes. They don't want you to work OT but there is too much work to be done in the short work day
Pros
environment
Cons
No OT but work to be done
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Great Company Overall
Closing Coordinator (Current Employee) –  San Diego, CAAugust 13, 2017
Great job opportunities and personal growth opportunities. Employees are all so friendly and always willing to help if there is something you are unsure of. Closing Manager and Sales Branch manger are amazing people to work for.
Pros
occasional casual days
Cons
none
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No Bueno
SENIOR UNDERWRITER (Former Employee) –  Scottsdale, AZAugust 6, 2017
Loan Depot was a fantastic place to work until they went overboard on the mergers and aquisitions and determined to become No. One in the lending business. Then, all the niceties went out the window.

Oh, they still bribe their people with tons of junk food every day, but the work environment became high pressure and passive aggressive. There is no real communication that happens there but lots of "rah-rah."

I do not recommend.
Pros
There really is such a thing as a free lunch at Loan Depot.
Cons
"Under pressure!"
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Work you to death and throw you out like trash
Funder (Former Employee) –  Plano, TXAugust 3, 2017
Well lets see. It was ok up until they started hiring incompetent management. People get hired because they know people. Not because they know the job. They like to keep people who don't know the job but layoff people who actually know how to perform the job properly. Co workers are awesome. Management is incompetent. CEO will buy hundreds of t shirts for employees but lay off others weeks prior. The company will go on team outings BUT layoff hard working employees weeks earlier. Demote competent management but leave the incompetent manager in their position. Don't work here because the company does not care about you. It's a who you know and who you blow type of environment.
Pros
Free Food
Cons
Incompetent management, co workers in other department who don't know what they are doing, no work life balance
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Hard to get a raise
DE/ VA LAPP/SAR/Conventional Underwriter (Current Employee) –  Plano, TXJuly 25, 2017
Fun environment but hardly ever get a raise even when a tenured employee.
I really enjoy working here but am looking to make more money at this point.
Pros
bonus
Cons
management
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great opportunity
Underwriter (Current Employee) –  Lake Forest, CAJuly 22, 2017
great company and a great company to work for. i enjoyed the people and the amenities at work. they have a very beautiful building and it's fun to come to work every day.
Pros
all
Cons
none
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Difficult work life balance
Senior Account Manger II (Former Employee) –  Plano, TXJuly 21, 2017
A typical day at work is easy 10-12+ hours with lots of customer interaction.

The hardest part of the job is finding a work life balance until you are granted at home access for your overtime. This job is fast paced and you must be able to switch gears quickly.

The most enjoyable part of he job (working for the company) is their culture and employee engagement. Always an open door or ability to make suggestions for a better work place.
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Fun Environment
Licensed Lending Officer (Current Employee) –  Plano, TXJuly 6, 2017
All around great workplace. The management is one to always encourage and allow your own workspace to accomplish your own goals. Everyone here will pick you up and keep the motivation high.
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All about money
Mortgage Banker/Loan officer (Former Employee) –  Scottsdale, AZJuly 3, 2017
The Company preaches Family and helping each other. However, it is all smoke and mirrors. If you come in and get lots of sales and do well management loves you. If you falter and have personal things come up in your life, they give you time to take care of it but if you are not up at your numbers they will let you go. They hardly give you enough time to get back on your feet. They say nothing about getting off any personal performance issues only if you get on it.

Senior leadership has vision but middle management at the site level only care about the bottom line and how you perform. They expect you to come in and work 50 to 60 hrs a week but will not say so.
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Productive
Loan Officer (Former Employee) –  Plano, TXJune 20, 2017
It's nice that you don't have to cold call. You're phone will ring all day long, there is a quota that you have to meet each month. Be prepared to work long days, and you do sit all day long.
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Hmmmmm
Mortgage Loan Processor/Loan Coordinator (Former Employee) –  Fairfield, NJ 07004June 19, 2017
The day to day was good. Every now and then it would get crazy but in the mortgage business this is typical. Bonuses from the company in itself blew. Some of the behind your back talk was bad though.
Pros
They were very flexible with scheduling and such and if you needed to work from home, you could
Cons
Not many. The stress given to push was a bit overwhelming at times.
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productive competitive environment
Customer Service Representative (Former Employee) –  Lake Forest, CAJune 16, 2017
loan depot was an amazing company to work for with amazing benefits and room for advancement after six months. The job is very repetitive and you can easily get burnt out if you do not pace your self with the overtime because they let you work as much OT as you would like.
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Great Company ... Great People
Compliance Assistant (Current Employee) –  Walpole, MAJune 14, 2017
The best place I have ever worked for.
I have achieved a lot to my Banking Career working for LoanDepot.
I was lucky to work for this company and I do wish all to succeed in their goals and target.
Pros
Relaxing work day
Cons
Nothing worth mentioning!
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its ok
Sr. Loan Officer (Current Employee) –  Southfield, MIJune 7, 2017
if you have worked at quicken loans is literally the same thing. the only good thing is that management is not on you you with 100 reports to look at every single day
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Overall rating

3.4
Based on 112 reviews
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Ratings by category

Work/Life Balance
3.0
Compensation/Benefits
3.7
Job Security/Advancement
2.8
Management
2.9
Culture
3.3

CEO Approval

80%
65 ratings
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