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2.7
5 ratings
3.4
Salary & Benefits
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Professional growth
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Work-Life balance
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Recognition & Support
3.2
Culture & Values
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LoanDepot provides national home buying and refinance loans. The corporation is registered in all 50 states, headquartered in Southern California, and operates direct, online and wholesale market outlets serving consumers around the country. The firm, an innovator since its founding in 2010, has funded more than $275 billion since its establishment and is currently listed as the second largest non-bank retail lender and one of the United States' top retail mortgage lenders. For Fannie Mae, Freddie Mac and Ginnie Mae, LoanDepot is an authorized seller and servicer. It offers career opportunities to talented people. Apart from this, LoanDepot is providing benefits for its team such as medical and dental insurance, paid and flexible leaves, and retirement plans.

Company - Private
Large
Multiple locations
Investing Companies, Financial Transactions Processing / Reserve / Clearinghouse Companies, Consulting Companies
2010
What departments loanDepot (formerly imortgage) employees work at?
DepartmentsRatio
other occupation40.6%
Credit / Loan37.8%
Administrative21.7%
You comment as
See what companies are similar to loanDepot (formerly imortgage)
Credit Intermediation Companies
Large size
Commercial Banking Companies
Large size
You comment as

Team

Professional experience

How many years of experience do loanDepot (formerly imortgage) employees have before joining?
Years of experience at loanDepot (formerly imortgage): Newcomers: 23%, Experiencers: 19%, Experts: 24%, Veterans: 34%. loanDepot (formerly imortgage) employees have 8+ years experience on average before joining.
You comment as
Where did loanDepot (formerly imortgage) employees work before joining?
Where they've worked before loanDepot (formerly imortgage): Bank of America, Freedom Mortgage, imortgage. Typical loanDepot (formerly imortgage) employees have worked at Bank of America.
You comment as
Bank of America
Freedom Mortgage
imortgage
What industries did loanDepot (formerly imortgage) employees work in previously?
Industry Background: The most typical industries of loanDepot (formerly imortgage): Commercial Banking Companies, Investment Banking & Securities Brokerage Firms, Insurance Agency & Brokerage Firms, Finance & Insurance Companies, Credit Intermediation Companies. loanDepot (formerly imortgage) employees most likely come from a Commercial Banking Companies industry background.
You comment as
Where did loanDepot (formerly imortgage) employees work before joining?
Past employers' size at loanDepot (formerly imortgage): Small: 25%, Medium: 18%, Large: 57%. Most loanDepot (formerly imortgage) employees have previously worked at large companies.
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Educational background

What did employees at loanDepot (formerly imortgage) study?
You comment as
Where did employees at loanDepot (formerly imortgage) study?
Arizona State University-Tempe
Northern Arizona University
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Employee data

How long do people stay in a role at loanDepot (formerly imortgage)?
Time employed at loanDepot (formerly imortgage): <1: 0%, 1-3: 27%, 4-8: 59%, 9-13: 10%, 14-20: 2%, 20+: 2%. Most loanDepot (formerly imortgage) employees stay with the company for 4-8 years which is the same as the industry average.
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How does loanDepot (formerly imortgage) rank for age & gender diversity?
Gender ratio at loanDepot (formerly imortgage): 47.7% Male and 52.3% Female. Age ratio at loanDepot (formerly imortgage): 16-20: 0%, 21-30: 27%, 31-40: 27%, 41-50: 19%, 51-60: 19%, 60+: 7%. loanDepot (formerly imortgage) rates - 9.3% more female than the industry average. Most loanDepot (formerly imortgage) employees are 21-30, which is below the industry median age range.
You comment as
What are the top roles at loanDepot (formerly imortgage)?
Top roles of loanDepot (formerly imortgage): Loan Officer, Loan Consultant, Production Assistant, Loan Processor, Underwriter. The top role at loanDepot (formerly imortgage) is Loan Officer.
You comment as
Loan Officer
Loan Consultant
Production Assistant
Loan Processor
Underwriter

Career advancement

How does loanDepot (formerly imortgage) rank for career advancement?
Career advancement at loanDepot (formerly imortgage): very low. loanDepot (formerly imortgage) ranks very low for career advancement which is below the industry average.
You comment as
What companies do loanDepot (formerly imortgage) employees go on to work at?
Future employers of loanDepot (formerly imortgage): Academy Mortgage, American Pacific Mortgage, Fairway Independent Mortgage, Finance of America Mortgage LLC, Guild Mortgage. People who work at loanDepot (formerly imortgage) most typically go on to work for the Academy Mortgage.
You comment as
Academy Mortgage
American Pacific Mortgage
Fairway Independent Mortgage
Finance of America Mortgage LLC
Guild Mortgage

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Discussion about loanDepot (formerly imortgage)

Want to know more about loanDepot (formerly imortgage)?
Share your thoughts and ideas about loanDepot (formerly imortgage) with others in our community.
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What’s the gender distribution at loanDepot (formerly imortgage)?
avatar-of-creator
Isabella Holmes3 years ago
52.3% female, 47.7% male.
You comment as
When was loanDepot (formerly imortgage) founded?
avatar-of-creator
Isabella Holmes3 years ago
I think 2010.
You comment as
What industry is loanDepot (formerly imortgage) in?
avatar-of-creator
Sophie Hayes3 years ago
Accounting/Finance.
You comment as
How often do employees get promoted at loanDepot (formerly imortgage) ?
avatar-of-creator
Isabella Holmes3 years ago
advancement opportunities are very low
You comment as
What’s the average length of tenure at loanDepot (formerly imortgage)?
avatar-of-creator
Benjamin Gardner3 years ago
Typically 4-8 year(s).
You comment as
What size of companies did loanDepot (formerly imortgage) employees used to work for?
avatar-of-creator
Liam Brown3 years ago
Most worked for large businesses before.
You comment as
Top future employers of loanDepot (formerly imortgage) employees?
avatar-of-creator
Isabella Holmes3 years ago
Academy Mortgage, American Pacific Mortgage, Fairway Independent Mortgage, Finance of America Mortgage LLC, Guild Mortgage, HomeStreet, loanDepot, Movement Mortgage.
You comment as
Who are the top previous employers of loanDepot (formerly imortgage) employees?
avatar-of-creator
Benjamin Gardner3 years ago
from what i found these companies Bank of America, Freedom Mortgage, imortgage, JPMorgan Chase & Co., loanDepot, Prospect Mortgage, Wells Fargo, Wells Fargo Home Mortgage.
You comment as
How old are loanDepot (formerly imortgage)’s employees in general?
avatar-of-creator
Sophie Hayes3 years ago
21-30, 31-40.
You comment as
What were loanDepot (formerly imortgage)’s employees' top fields of study?
avatar-of-creator
Sophie Hayes3 years ago
No higher education.
You comment as
What is the vacation policy? 🤔
avatar-of-creator
7 months ago
You get eight paid holiday days and one floating day🥰. The rest is PTO that you must accrue and they hope you never use.
avatar-of-creator
7 months ago
10-20 based on longevity in company 🤗
You comment as
How is feedback from management delivered? 🧐
avatar-of-creator
9 months ago
sometimes they provide negative reviews 😔
avatar-of-creator
8 months ago
In my opinion, they are not professional that much 😬
You comment as
How do you feel about the future of this company? 🤔
avatar-of-creator
8 months ago
even they have good reputation in the market. 🤩
avatar-of-creator
8 months ago
You guys can easily build connection 🙏
You comment as
Do they hire felonies? 😬
avatar-of-creator
8 months ago
I don't think so that they hire any felonies. 🤔
avatar-of-creator
8 months ago
There is no hope. 😬
You comment as
Do you need experience to work here?🤔
avatar-of-creator
9 months ago
No need they will train u
avatar-of-creator
9 months ago
not needed but anything is a plus​
You comment as
Is this a good company to work for?🤔
avatar-of-creator
8 months ago
This place would be a dream.🤗
avatar-of-creator
8 months ago
I would rate it as one of the best mortgage companies to work for.🔥
You comment as
I'm starting my new job next week but I've no idea 🤔about how the company's work-life balance works.
avatar-of-creator
9 months ago
Yes.offers a good balance of work and fun.🥳
avatar-of-creator
9 months ago
here work-life balance is flexible and fair
You comment as
What is the work environment and culture like here? 🤗
avatar-of-creator
8 months ago
It's a pleasant and comfortable working environment 🥰
avatar-of-creator
8 months ago
very supportive atmosphere 🥰
You comment as
Can loan analysts work remotely a few days a week?or have remote UW positions
avatar-of-creator
9 months ago
possibly Yes
avatar-of-creator
9 months ago
If you advance and become an Underwriter for the company, then yes, you can work remotely. However my position is not high enough to work remote.🤨
You comment as
What is a typical day like for you? 🤔
avatar-of-creator
8 months ago
I miss it! It was a great atmosphere. I was able to pay all my bills and support my family. 🥰
avatar-of-creator
8 months ago
8 hours of reviewing appraisals for VA loans👍
You comment as
What is the promotion process of them? 🧐
avatar-of-creator
7 months ago
Didn’t get any promotion
avatar-of-creator
7 months ago
It's very tough to move up within company 😬
You comment as
What advice would you give the CEO about how to improve it?🤔
avatar-of-creator
8 months ago
Wouldn't know what advice to give since I only worked in an office position and not in the main office with the CEO in Massachusetts.🤔
avatar-of-creator
8 months ago
Being the biggest isn't always the best 🙏
You comment as
Curious🙄 about to know how much does the average banker and top banker make per year in here?
avatar-of-creator
8 months ago
average should be about 10-15k/month. Top bankers probably make upwards of 30-40k/mo
avatar-of-creator
8 months ago
it should be $35k low end for average baker and $40,200 high end. <$50k for top banker per year.
You comment as
I'm just wondering, how are the working hours at this place works.
avatar-of-creator
9 months ago
Amazing!!! I go 8 to 10 then work a 2nd shift🥰
avatar-of-creator
9 months ago
They are good. Management tries to work with you as far as days you need off and they understand if you have children.
You comment as
Do they provide any training to their employees? 🧐
avatar-of-creator
9 months ago
Training in certain departments is very minimal.🙏
avatar-of-creator
9 months ago
Online classes, as everything is online these days.👍
You comment as
How many years people like to spend here? 🤗
avatar-of-creator
8 months ago
people love to work here 🥰
avatar-of-creator
8 months ago
This is really plus point for us 🤩
You comment as
What is the best part of working here? 🤩
avatar-of-creator
8 months ago
The compensation was incredible.🔥
avatar-of-creator
8 months ago
Everyone is wonderful 💕 I love coming to work and I'm part of an awesome team
You comment as
How difficult is it to get a job here? 😬
avatar-of-creator
7 months ago
I submitted my resume and within 1-2 weeks I had an interview😎
avatar-of-creator
7 months ago
Not at all, just have good customer service skills and understand basics of mortgages 🔥
You comment as
Can anyone tell me about their interview procedure? TIA🙏
avatar-of-creator
8 months ago
The do a round table Panel interview with 15 other applicants interviewed all at the same time. Be ready for basic questions and the long hours of work. 🙏
avatar-of-creator
8 months ago
Each candidate was only asked a maximum of 5 questions total. 👍
You comment as
I'm so happy😊 that it has been a transformative experience in my life and my career. I like the most of its is the atmosphere and work ethic.
avatar-of-creator
8 months ago
The company offers many opportunities for advancement and career growth along with a warm and supportive work environment.😂
avatar-of-creator
8 months ago
It is a an inclusive workplace with diverse culture😊
You comment as
Can anyone tell me about their interview procedure? It will be really helpful to me. TIA🙏
avatar-of-creator
8 months ago
Phone screen with recruiter then a zoom interview with the hiring managers. The interview process was quick and easy. 🤗
avatar-of-creator
8 months ago
But this company is not clear about what they are looking for the title says. 😬
You comment as
Best part working here
avatar-of-creator
8 months ago
everyone is wonderful 💕 I love coming to work and I'm part of an awesome team :)
avatar-of-creator
8 months ago
the compensation
You comment as
Does anyone know about their benefits? 🤔
avatar-of-creator
9 months ago
Managers and above had Discretionary PTO which is similar to unlimited PTO🙏
avatar-of-creator
9 months ago
Their packages are okay 👍
You comment as
Why did you leave your job? 😬
avatar-of-creator
9 months ago
I also left the job same reason 😔
avatar-of-creator
9 months ago
I got another job that's what I left this company 🤫
You comment as
I'm looking some reviews of their interview. TIA🙏
avatar-of-creator
8 months ago
Very fast and easy. Recruiter was accommodating at every step of the process and called in regularly. 🤗
avatar-of-creator
8 months ago
It was a very friendly meeting 🤝
You comment as
I'm just wondering what is the interview process.🤭
avatar-of-creator
8 months ago
Pretty quick hiring process😘
avatar-of-creator
8 months ago
I applied at 1am, got a call at 1pm. Interviewed the next day.
You comment as
Is there a salary + commission? Or is it straight commission.🤔
avatar-of-creator
9 months ago
both of them😁
avatar-of-creator
9 months ago
underwriters are paid base salary + bonus + OT
You comment as
How often do you get a raise? 🤗
avatar-of-creator
9 months ago
hmm, you are right 👍
avatar-of-creator
9 months ago
I wish they raise in every year 🙏
You comment as
They have a solid benefits package 🥰. It's really beneficial for us
avatar-of-creator
9 months ago
you are right. It covers all 🤗
avatar-of-creator
8 months ago
Their PTO days are minimal 👍
You comment as
What is the easiest and the quickest way to apply for a job here?
avatar-of-creator
8 months ago
apply at loanDepot careers online.
avatar-of-creator
8 months ago
if you know someone who works there they can help you. However you will still need to apply online at their career page
You comment as
I'm just wondering what benefits does this company offers for employees
avatar-of-creator
9 months ago
pay and benefits were great.👍
avatar-of-creator
9 months ago
commissions are offered for some positions
You comment as
If you were in charge, what would you do to make a better place to work?🤔
avatar-of-creator
8 months ago
Train management to help sales and operations. This will result in a better employee and customer experience.😎
avatar-of-creator
8 months ago
I would also raise the compensation to compete with competitors.🔥
You comment as
Do you get a Christmas a bonus?🤔
avatar-of-creator
8 months ago
They don't provide it to their employees 😬. But only the executives get it
avatar-of-creator
8 months ago
normally they don't provide it. 😬
You comment as
How are the working hours? 🧐
avatar-of-creator
9 months ago
there are plenty of breaks 🤩
avatar-of-creator
9 months ago
The hours can be long especially at the end of the month👍
You comment as
I've heard that they have all age level of employees 🥰
avatar-of-creator
9 months ago
They give chance to all🙏
avatar-of-creator
9 months ago
but their majority employee's age range is 21-30 years old 👬
You comment as
Can you work remotely at this company? 🤔
avatar-of-creator
9 months ago
absolutely you can work from home 🏡
avatar-of-creator
9 months ago
you can work remotely for servicing dept . I am not sure about other departments.🤗
You comment as
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Isabella Holmes Career Advocate
Isabella Holmes
Career Advocate
Are you and loanDepot (formerly imortgage) a perfect pairing? Let's explore your common touchpoints.