Job alerts from loanDepot
Never miss new job openings
No, I'm not interested
bell icon
3.4
29 ratings
4.1
Salary & Benefits
3.1
Professional growth
3.4
Work-Life balance
3.2
Recognition & Support
3.1
Culture & Values
Join the Conversation and  or

Established by Anthony Hsieh, a mortgage industry innovator loanDepot is committed towards developing a straightforward mortgage experience to meet and exceed client’s expectations. Since its inception in 2010, the company has grown to become the country’s fifth largest retail mortgage lender as well as the second largest nonbank retail originator, funded more than $248 billion. loanDepot works with a vision to render client an exceptional level of care and assist them in achieving their financial goals. To achieve this, the company employs a best team of 9,000-plus members who not only provides clients an expert guidance but also them to achieve their financial goal. Till date, loanDepot expert team has assisted more than 25,000 customers. Alongside, the company also design mello® software platform that empowers every loan transaction and bring together mello™ smartloan, the world’s first end-to-end fully digital mortgage. Through this proprietary software, loanDepot ensures that client’s each transaction is fast, straightforward, and flawless.

Company - Private
Large
Multiple locations
Credit Intermediation Companies
2010
What departments loanDepot employees work at?
DepartmentsRatio
Credit / Loan42.9%
other occupation19.7%
Computer / IT8.1%
Sales Managers & Supervisors7.4%
Administrative - Other6.7%
Financial Analysts and Advisors5.6%
Management5.4%

Team

Professional experience

How many years of experience do loanDepot employees have before joining?
Years of experience at loanDepot: Newcomers: 16%, Experiencers: 16%, Experts: 22%, Veterans: 46%. loanDepot employees have 8+ years experience on average before joining.
Where did loanDepot employees work before joining?
Where they've worked before loanDepot: Bank of America, Caliber Home Loans, loanDepot (formerly imortgage). Typical loanDepot employees have worked at Bank of America.
Bank of America
Caliber Home Loans
loanDepot (formerly imortgage)
What industries did loanDepot employees work in previously?
Industry Background: The most typical industries of loanDepot: Commercial Banking Companies, Insurance Agency & Brokerage Firms, Investment Banking & Securities Brokerage Firms, Finance & Insurance Companies, Consulting Companies. loanDepot employees most likely come from a Commercial Banking Companies industry background.
Where did loanDepot employees work before joining?
Past employers' size at loanDepot: Small: 30%, Medium: 18%, Large: 52%. Most loanDepot employees have previously worked at large companies.

Educational background

What did employees at loanDepot study?
Where did employees at loanDepot study?
Arizona State University-Tempe
California State University-Fullerton

Employee data

How long do people stay in a role at loanDepot?
Time employed at loanDepot: <1: 15%, 1-3: 50%, 4-8: 30%, 9-13: 4%, 14-20: 1%, 20+: 0%. Most loanDepot employees stay with the company for 1-3 years which is less than the industry average.
How does loanDepot rank for age & gender diversity?
Gender ratio at loanDepot: 63.1% Male and 36.9% Female. Age ratio at loanDepot: 16-20: 0%, 21-30: 34%, 31-40: 33%, 41-50: 21%, 51-60: 10%, 60+: 2%. loanDepot rates - 6.1% less female than the industry average. Most loanDepot employees are 21-30, which is below the industry median age range.

Career advancement

How does loanDepot rank for career advancement?
Career advancement at loanDepot: low. loanDepot ranks low for career advancement which is same as the industry average.

Find your job at loanDepot

loanDepot Reviews and Ratings

Have some insight of loanDepot?
Get the scoop on what others who have experience with loanDepot think of working there or join the conversation by leaving a review.
puzzle icon
avatar-of-creator
Senior closing specialist
Remote - January 30, 2024
Fast pace, high energy
4.2
Ratings
4
Professional growth
5
Salary & Benefits
4
Work-Life balance
4
Recognition & Support
4
Culture and Values
Nothing to share remote work time differential from Florida to California, zoom meetings ………………………..

Pros and Cons
Remote only Starbucks cards for encouragement
Non applicable
avatar-of-creator
Title Review Specialist
Remote - April 24, 2023
Remote position gave me a work/life balance
4.8
Ratings
4
Professional growth
5
Salary & Benefits
5
Work-Life balance
5
Recognition & Support
5
Culture and Values
Worked with LD for 14 months, the world collapsed financially and morally and we were let go do to financial situations.

Pros and Cons
great pay, great support team, extremely happy with my supervisors and assistant supervisor
no cons, It was a great position all the way around
avatar-of-creator
Regional Processing Director
Remote - April 24, 2023
Top notch company
5.0
Ratings
5
Professional growth
5
Salary & Benefits
5
Work-Life balance
5
Recognition & Support
5
Culture and Values
A lot of career growth at loanDepot. The company cared about their employees and support work-life balance

Pros and Cons
Very high technology
None that I could think of
avatar-of-creator
Funding Specialist - Mortgage Refinance
Victor, NY - March 9, 2023
Loved my job
4.2
Ratings
4
Professional growth
4
Salary & Benefits
5
Work-Life balance
4
Recognition & Support
4
Culture and Values
I was laid off after the housing market nose-dived in 2022. I enjoyed the culture and work. If loanDepot were to call and ask if I'd go back - YES I definitely return to the company.

Pros and Cons
flexible, knowledgeable management, excellent team work.
sometimes long hours & mandatory OT would pop up in the evening if forecasting was incorrect
avatar-of-creator
Loan Processing Manager
December 1, 2022
Disorganzied
3.0
Ratings
3
Professional growth
5
Salary & Benefits
3
Work-Life balance
2
Recognition & Support
2
Culture and Values
During my time at LoanDepot, while I was well compensated I did feel a bit of disorganization there. The hiring process we implemented was a joke, as it was during the best times to obtain a loan for most consumers. We severely over-staffed on our side and eventually the lay-offs came quick and abundant. I think we had lay-offs every single month at for about 4-5 straight months due to downsizing after the market started to shift. I was very happy for the opportunity don't get me wrong, but it was all over the place during my time there.

Pros and Cons
Remote opportunities
Over-staffed, unorganized, lack of experience
avatar-of-creator
Verification Specialist
Plano, TX - September 18, 2022
LOVED MY JOB!
5.0
Ratings
5
Professional growth
5
Salary & Benefits
5
Work-Life balance
5
Recognition & Support
5
Culture and Values
I would still be there if not for layoffs. Everyone worked hard and was easy to get along with. We had wonderful managers (open door policies) and co-workers. Productive and happy work environment. The company provided ongoing support and training. The management team worked with employees to ensure accurate and successful work.

Pros and Cons
Celebrated birthdays and holidays
No cons at Loan Depot
avatar-of-creator
Mortgage loan Officer
Irvine, CA - August 10, 2022
NO work life balance
2.4
Ratings
3
Professional growth
4
Salary & Benefits
1
Work-Life balance
2
Recognition & Support
2
Culture and Values
If all you care about in life is money, it is a decent choice company. They mainly support the MLOs that have been there for a while (give them the good leads) while everyone else starts off with warm transfers that have no idea why they are on the phone. If you work your 10 hours and leave, everyone will look down upon you as if you just ran someone over. They will guilt you into working every weekend. Expect longer than long hours. Other than that pay is good.

Pros and Cons
free coffee; training is great
no work life balance.
avatar-of-creator
sr. mortgage underwriter
Atlanta, GA - May 18, 2022
horrible company
2.4
Ratings
4
Professional growth
5
Salary & Benefits
1
Work-Life balance
1
Recognition & Support
1
Culture and Values
this company overworks its underwriters. You easily put in 50+ hours a week, yes you get paid for it, but there is no work life balance. You also work most weekends.

Pros and Cons
There are no pros for this company
overworked, no work life balance, not a good culture
avatar-of-creator
April 19, 2022
account manager jr processing
5.0
Ratings
5
Professional growth
5
Salary & Benefits
5
Work-Life balance
5
Recognition & Support
5
Culture and Values
I have developed talents for clear communication and relationship-building through my studies, work and personal life. My confidence and presentation skills help me to close sales and build relationships. You can count on my top strengths , customerService, order management, lead pipeline management and product knowledge and teamwork abilities.

Pros and Cons
great team
really just sad had to get laid off great company
avatar-of-creator
Foothill Ranch, CA - December 9, 2021
Not Women Friendly
2.8
Ratings
2
Professional growth
4
Salary & Benefits
3
Work-Life balance
3
Recognition & Support
2
Culture and Values
Saw too many disturbing things to share. Reality falls far short of the hype. Look really carefully before joining.

Pros and Cons
Good pay, ok benefits, questionable leadership
Very few women in senior leadership
avatar-of-creator
Closing Disclosure Specialist
Lake Forest, CA - September 3, 2021
Enjoyable Tenure
4.0
Ratings
3
Professional growth
3
Salary & Benefits
5
Work-Life balance
4
Recognition & Support
5
Culture and Values
A Great Working Experience rom the 1st of my employment to my very last day. I enjoyed going to work everyday at loanDepot. Somedays work did not feel like actual work, partly because I loved my job and my Co-workers. Best Management in the Business, from my Team Lead to the EVP.

Pros and Cons
Office Personnel is Awesome
Advancement is slow

How do I match this company?

How Do I Match This Company?
Are you and loanDepot a perfect pairing? Let's explore your common touchpoints.
puzzle icon

Discussion about loanDepot

Want to know more about loanDepot?
Share your thoughts and ideas about loanDepot with others in our community.
discussion icon
What’s the gender distribution at loanDepot?
avatar-of-creator
Isabella Holmes3 years ago
36.9% female, 63.1% male.
When did they start loanDepot?
avatar-of-creator
Isabella Holmes3 years ago
In 2010, I believe.
What industry does loanDepot fall under?
avatar-of-creator
Benjamin Gardner3 years ago
Accounting/Finance.
avatar-of-creator
2 years ago
Mortgage / Real Estate -Finance
How often do employees get promoted at loanDepot ?
avatar-of-creator
Benjamin Gardner3 years ago
advancement opportunities are low
avatar-of-creator
2 years ago
Slow, because the Turn Over Rate is Low!
How long do people usually work for loanDepot?
avatar-of-creator
Sophie Hayes3 years ago
1-3 year(s).
what kind of companies did loanDepot employees work for?
avatar-of-creator
Sophie Hayes3 years ago
Large companies before loanDepot.
Top future employers of loanDepot employees?
avatar-of-creator
Sophie Hayes3 years ago
Caliber Home Loans, CrossCountry Mortgage, Fairway Independent Mortgage, First Direct Lending, Loanpal, Movement Mortgage, New American Funding, Paramount Equity.
Where did employees work before joining loanDepot?
avatar-of-creator
Sophie Hayes3 years ago
Bank of America, Caliber Home Loans, loanDepot (formerly imortgage), Movement Mortgage, Prospect Mortgage, Quicken Loans, Wells Fargo, Wells Fargo Home Mortgage.
How old are loanDepot’s employees in general?
avatar-of-creator
Isabella Holmes3 years ago
around 21-30, 31-40.
Where did most of loanDepot employees go to school?
avatar-of-creator
Isabella Holmes3 years ago
Arizona State University-Tempe, California State University-Fullerton, California State University-Long Beach, University of California-Irvine, University of Phoenix-Utah.
Can someone tell me about the vacation policy at loanDepot?
avatar-of-creator
2 years ago
120 Hours of PTO, (Vacation Time) per year.
Is loanDepot a good place to work?
avatar-of-creator
2 years ago
I loved working at loanDepot, advancement and increase in pay was slow.
How long did you work for loanDepot?
avatar-of-creator
2 years ago
6 Years
Where were you before joining loanDepot?
avatar-of-creator
2 years ago
ServiceLink fka: Lenders Processing Services, fka Fidelity National Default Solutions
What are the working hours
avatar-of-creator
2 years ago
Varies by Department
what’s the hiring age ?
avatar-of-creator
2 years ago
18-70, No discrimination at loanDepot
Where did you study before joining loanDepot?
avatar-of-creator
2 years ago
Cal State San Bernardino
When can I expect a raise, it's been 6 months since I joined 🙁
avatar-of-creator
7 months ago
It happens rarely 😢
avatar-of-creator
7 months ago
I got once in 2 years
Do they drug test? I just gave my interview today
avatar-of-creator
6 months ago
They don't.
avatar-of-creator
6 months ago
No drug test.
I have to go back to my country to visit my family, do they give vacations here?
avatar-of-creator
8 months ago
10 days
avatar-of-creator
8 months ago
Not enough 🥲
How long do I have to wait for promotions. It's been 8 months already 🙇
avatar-of-creator
7 months ago
There are very less options
avatar-of-creator
7 months ago
No standard process.
I must need dental covered in my healthcare insurance. Should I apply here.
avatar-of-creator
8 months ago
Yes, apply ASAP
avatar-of-creator
8 months ago
Dental is covered 😇
Can someone guide me about the working hours here, I'm planning to work here.
avatar-of-creator
8 months ago
I do 8 hours
avatar-of-creator
8 months ago
10 hours but with a lot of breaks.
Would I be getting a Christmas bonus this season? I just joined
avatar-of-creator
6 months ago
No bonus
avatar-of-creator
6 months ago
Nothing in the name of bonus just a party.
I really love working here. One of the best jobs I ever had.
avatar-of-creator
6 months ago
I worked here till 2016. Such a nice place ❤
avatar-of-creator
6 months ago
Can't relate much but happy for you buddy.
I have my interview tomorrow, what questions can I expect from them 🤔
avatar-of-creator
7 months ago
They'll ask about personal experience.
avatar-of-creator
7 months ago
Problem solving skills
Do they give paid time off? I really wish to spend some quality time with my family
avatar-of-creator
8 months ago
Very less days.
avatar-of-creator
8 months ago
10 days per year
What's the best part for you guys about this job. Mine is getting to hang out with my colleagues
avatar-of-creator
7 months ago
Great people here
avatar-of-creator
7 months ago
Going back home 😆
Just received call from LoanDepot, I have my interview on Wednesday. I'm feeling it's gonna go very bad 😔
avatar-of-creator
6 months ago
Nothing to worry about.
avatar-of-creator
6 months ago
You got this buddy. Don't lose hope.
I used to get my feedback from through managers where I worked before. What about here.??
avatar-of-creator
7 months ago
You get feedback when you do something wrong. 🤗
avatar-of-creator
7 months ago
No proper way.
Can someone please guide about the interview process.
avatar-of-creator
7 months ago
I got hired in 3 zoom meetings.
avatar-of-creator
7 months ago
It happens on the phone. 😊
My sister wants to apply here, what benefits do these guys offer.
avatar-of-creator
8 months ago
Health, medicare etc 🤝
avatar-of-creator
8 months ago
Pet Insurance
I feel we are a little micromanaged sometimes, anybody feeling the same
avatar-of-creator
6 months ago
Not in my department ☺
I loved working from home during COVID, are there similar opportunities here 🤔
avatar-of-creator
6 months ago
100% work from home.
avatar-of-creator
6 months ago
Remote is supported.
My friend is expecting, how long do one have to work before they can go on maternity leave🥰
avatar-of-creator
7 months ago
Congratsss
avatar-of-creator
7 months ago
1 year atleast
Can someone guide me about dress code here, I forgot to ask and it's my first day tomorrow.
avatar-of-creator
6 months ago
Business casual.
avatar-of-creator
6 months ago
Anything if you work from home 😁
I have my interview tomorrow, what should I do?
avatar-of-creator
7 months ago
They're good guys 🤗
avatar-of-creator
7 months ago
It was fun when I gave mine.
My cousin told me that they also give pet insurance, is it true🤔
avatar-of-creator
7 months ago
It's quite normal.
avatar-of-creator
7 months ago
All my friends have this.
I really love this company, pay they offer is great.
avatar-of-creator
7 months ago
My brother works the same hours as me but get paid very very less.
avatar-of-creator
7 months ago
Only reason why I'm here
My niece wants to work here, can someone tell me about the work environment here
avatar-of-creator
8 months ago
This place has been a great teacher for me.
avatar-of-creator
8 months ago
Good place overall.
I had my interview today but I forgot to ask if vision is covered. I have eyesight issues and I need regular checkups 😔
avatar-of-creator
7 months ago
Did you get the job?
avatar-of-creator
7 months ago
Hopefully yes.
Job alerts from loanDepot
Never miss new job openings
No, I'm not interested
bell icon

Disclaimer

informationLENSA generates certain information provided on this website by compiling and analyzing publicly available data and data from employees/former employees. All company names are the registered trademarks of their original owners. The use of any trade name or trademark does not imply any association with the third-party company. None of the information provided is endorsed in any way by any of the companies mentioned. We do not guarantee the accuracy, currency, or suitability of this information (including regarding demographics or salary estimate) and you are responsible for how you use it. ALL INFORMATION IS PROVIDED “AS IS” AND “WITH ALL FAULTS”. We are not responsible for nor endorse third party content on our website. If you notice any inaccurate information or information you think is proprietary you can email us at [email protected]. See our Terms and Conditions and Community Guidelines for more information.
1
Isabella Holmes Career Advocate
Isabella Holmes
Career Advocate
Are you and loanDepot a perfect pairing? Let's explore your common touchpoints.