Never in my wildest dreams did I ever think I would be making the money I have over the last few years. Decent workplace, good environment, mediocre pay, Information Security Risk Control Analyst, Innovative Company with Great Advancement Potential. Approve of CEO. Benefits are good. The loan processor Justin Hayflich is knowledgeable although a bit slow in communication. Systems are designed to help and not hinder progress. Compensation is flexible with input by front line/sales for the most part with lots of room for opportunity and growth Thank you for taking the time so share your experience with loanDepot. I highly recommend LoanDepot to all my friends and past co workers that are looking to make a lot of money and work for a great company. No work life balance. Comp plans usually change 1-2x per year, reducing earnings potential more often than not. loanDepot Reviews. I’ll be sure to send more!” Wes, GA loanDepot Wholesale Partner “You guys ALWAYS come through! LoanDepot is becoming a powerful force in the industry, offering competitive personal and home loans to rival even the biggest banks.. Repeated mistakes that you can't get fixed in a timely and appropriate timeframe. LoanDepot reviews and complaints. 1 loanDepot reviews. You may want to try: all loanDepot reviews in United States (466 reviews) all loanDepot reviews worldwide (472 reviews) Claimed Profile. It' s feast or famine when it comes to working long hours, but that is the nature of the business. It's exciting and fresh and fun to be a part of such a great company. LOVE be able to be remote on a permanent basis!! The best way to find out if loanDepot fits your needs is in our review. The work culture is great, in comparison to the banking industry, it is so much more relaxed. The Company has funded over $212 billion since its founding in 2010, and currently ranks as the second largest nonbank lender and one of the leading retail mortgage lenders in the U.S. NMLS #174457 Our team members go above and beyond to provide an exceptional experience for all Partners and Borrowers. Training could have been more hands on but with it happening during COVID they did a good job. I highly recommend LoanDepot to all my friends and past co workers that are looking to make a lot of money and work for a great company. 465 reviews from loanDepot employees about loanDepot culture, salaries, benefits, work-life balance, management, job security, and more. Dealing with processing issues is very stressful because you’re supposed to always be finding new business but my managers are great. By far the best company I have ever worked for. Having seen some of the -ve reviews here, I have been doubtful. Company is very progressive and motivational. Assessment Announcement: Moody's affirms loanDepot.com, LLC's conventional, conforming originator assessment at AverageGlobal Credit Research - 27 Apr 2021New York, April 27, 2021 -- Moody's Investors Service (Moody's) has affirmed loanDepot.com, LLC (loanDepot) as an Average originator of conventional, conforming residential mortgage loans.Headquartered near Irvine, CA, loanDepot … We appreciate this valuable feedback and thank you for taking the time to share your review. | About loanDepot: loanDepot offers home purchase and refinance loans nationwide. Many customers love this model, but as with any lender, there are pros and cons. Are you sure you want to replace it? Working with a team is awesome. I gave it 5 stars so you can see this review at the top. This starts from the top down. Our community is ready to answer. And we DO get it done! Read about their experiences and share your own! Consistent Motivation that will hold you accountable. I was provided work from home material and training was done remotely as well. 03/23/2021. Before I worked for loanDepot I was in the Insurance business. Handle escalated calls stayed busy stayed in contact with all personnel . Women rate the female-friendliness of their workplaces on, No work life balance but great culture and coworkers, great workplace with plenty of opportunity. Wholesale lending is providing funds to brokers to close loans. “Awesome! The future is extremely bright for loanDepot and I look forward to seeing our future success. See more loanDepot reviews. loanDepot is a BBB-accredited business with overwhelmingly positive reviews, a solid A rating, and only two regulatory actions with the Nationwide Mortgage Licensing System. There will likely be large layoffs when rates increase (typically in industry though). The compensation is fair, there is an obvious correlation between effort and pay. Typically not a lot of overlays on Conv/VA/FHA products. The culture of this company is by far the best of any of my previous employers. Thank you for sharing your thoughts about your time with loanDepot. loanDepot's business model is simple – the company advertises its services on rate comparison websites such as RateZip.com, where consumers are able to compare offers from multiple mortgage lenders. Some system issues, however, they are usually resolved in a timely manner. We have a great work life balance and taking time off is never an issue. 779 Ratings. My ref process was, however, done in just ONE month. Thank you for sharing your thoughts, we appreciate the feedback. The environment that we have created for our sales and processing teams is one of unity, there is no us and them; it is just US! -Great support and camaraderie amongst my team and my manager. I'm on a supportive team and we can bounce things off each other throughout the day via Teams which is helpful as well. Can get very busy helpful teammates . I don't have enough words to thank my assigned Sr. Account Manager, David Lewing. If you would like to discuss this further, please email us at wecare@loanDepot.com. Extreme micro-management and you'll be tracked and questioned continuously. Loan Depot will heavily invest in you to be successful. The managers are like machines! We founded loanDepot because we were confident we could deliver the American dream of homeownership to customers just like you. LoanDepot mortgages have a lifetime guarantee, which means if you ever decide to refinance an existing loanDepot loan, the company will waive the lender fees and reimburse appraisal fees. Recommend to a Friend. From the beginning I was welcomed to the team and made to feel apart of the organization as a whole. Home Means Everything. loanDepot vs AmeriSave: TopConsumerReviews.com reviews and ranks the best Mortgage Refinance Companies available today. Pros. " Thank you for your review! We are so happy to hear that your experience with loanDepot has been so positive. The lender earns 3.82 out of 5 stars based on almost 1,400 customer reviews. Write a review of your experience with loanDepot. Since its founding, loanDepot has funded over $200+ billion loans. What advice would you give the CEO of loanDepot about how to improve it? You get out what you put in. Many times, loanDepot discloses the rate that it can offer a borrower up front. Anthony Hsieh. Let job seekers know what it's like to work at your company. Almost all positions still have ability to work remote with access to retail branch as needed, Still hard to overcome servicing issues as we do sub contract many servicing activities, but rumors are that we will be changing this in the future. Strict corporate compensation structures, no raises at annual reviews, Thank you for taking the time to leave your review, we appreciate your feedback! Leadership truly cares about your success and give you all the tools needed to succeed in this industry to your full potential. Pros & Cons are excerpts from user reviews. I have worked at loandepot since 2014 and it is a great place to be, there is plenty of room for growth and leadership is willing to work with you on any needs you may have. Information contained herein is provided to assist real estate professionals and is not an advertisement to extend consumer credit as defined by section 1026.24 of Regulation Z. loanDepot Wholesale, a division of loanDepot.com, LLC at 2600 Michelson Drive, Suite 1400, Irvine, CA 92612. The future is extremely bright for loanDepot and I look forward to seeing our future success. They also have very few complaints. Friendly, cohesive group of people that we work with. NMLS ID 174457 - NMLS Consumer Access All reviews are submitted by loanDepot Wholesale employees who are verified through their work emails. Great working environment with caring people at every level, I just celebrated my 4 year anniversary with loanDepot and it is one of the best places I have worked. We are rewarded generously for our hard work. How do you feel about the future of loanDepot? Opportunity to make a good income, notably in favorable rate market environments. Love working remote and I have the best manager I've ever worked for in over 20 years! Loan Depot has great training training and resources to be able to help you be successful. Periodic tech issues (and sometimes delayed assistance with IT support), but incredibly common with a remote environment. On Zillow, the company has a very impressive 4.88-star rating out of 5 from more than 4,000 customer reviews, which says a lot about their consistency. Are you sure you want to remove this review from being featured for targeted profile? The bottom line: LoanDepot has a variety of loan options and a time-saving online application process, but rate shoppers won't be rewarded in a site search. Let me tell you the change was worth it 100%. To top it all off, we have a CEO who is a go-getter and who keeps the company on the cusp of industry leading technology at all times. Back end operations can be a complete mess in high demand market. 3,181 people have already reviewed loanDepot. Thursday marked the latest appearance on national TV news by our CEO and Chairman (and very own financial news pundit) Anthony Hsieh, as he joined FOX Business' Cavuto: Coast to Coast to discuss interest rate changes and more. Feels like I'm properly supported. Loandepot is an excellent company. loanDepot currently has a Better Business Bureau (BBB) rating of A+, which is an indicator of great customer service. 401k company match percent could be better and PTO days. Your response will be removed from the review – this cannot be undone. Great Leadership Excellent Compensation. Cyclical nature of the mortgage industry. The only con I can think of is I wish I would have joined sooner. Great company with great benefits. Would love to see more women in leadership positions. Mortgage servicing is a popular asset for mortgage originators because it … LoanDepot has a strong online presence. Family atmosphere, remote work, management staff is great, excellent compensation if you work hard, Training could be a bit more intensive, learn as you go type of training. Rate comparison page offers transparency. Fun and creative group of leaders. Working for loan depot has taught me a lot. Although it's unlikely that you'll be able to meet your loan officer in person before closing your mortgage or refinance, you can easily verify loanDepot's credentials via the Better Business Bureau (BBB) or through reading the types of reviews that you'll find here. I could go on, but I absolutely love working for this company. I have the ability to work remote, and get my job doen wherever I am. "flexibility, pay, growth, opportunity , Good work environment" (in 56 reviews), "Loan Depot is Truly an amazing company to represent" (in 42 reviews), "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). Pros. " Thank you for taking the time to share this review, we appreciate the feedback! Loan Depot was first mentioned on PissedConsumer on May 06, 2013 and since then this brand received Ability to work remotely and minimal micro management. loanDepot was licensed in 18 states, but since acquiring imortgage and most recently, Mortgage Master they are now able to originate mortgages in every state. Copyright © 2008–2021, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. - Colorado Springs, CO, United States Area, - Miami-Fort Lauderdale, FL, United States Area, - Dallas-Fort Worth, TX, United States Area, flexibility, pay, growth, opportunity , Good. loanDepot is a BBB-accredited business with overwhelmingly positive reviews, a solid A rating, and only two regulatory actions with the Nationwide Mortgage Licensing System. Want to know more about working here? Our review of loanDepot found that it’s a respectable mortgage lender with a wide range of loan options and convenient digital loan applications. I am so thankful to be with this company and look forward to staying with them for awhile! Jump to: Full Review. Each time you get a sense that bigger things are right around the corner and each time, it was true. We appreciate your review! A free inside look at company reviews and salaries posted anonymously by employees. A free inside look at company reviews and salaries posted anonymously by employees. Every team member got along with one another and there was true leadership and direction. Close. I have worked for Loan Depot coming up on 2 years this July. Wholesale Account Executive. They are supportive and vocal about leadership opportunities and provide a clear pathway on how to get there. 80 %. If you would like to discuss this further, please do not hesitate to email us at wecare@loanDepot.com. Many of the recent reviews indicated that the interest rate was lower than expected, a good sign if … Wish there was more one on one training. UPDATED MAY 2021 Most companies these days have Processing Managers that don't know the system their own employees work in and that's definitely not the case here. Management Team is great and very supportive, There is room for advancement, Open communication between all departments, Training and available resources are unlike any company I have ever worked for, Information at your fingertips, Flexibility to be able to work remotely. When I told them I wanted to take time to think about it and shop around they turned straight-out rude. It is the fifth-largest mortgage lender in the nation, offering conventional fixed- and adjustable-rate mortgages, as well as … We are so happy to hear that your experience with loanDepot has been so positive. Thank you for sharing this valuable feedback! This company does not nickle and dime you over money. Approve of CEO. Tons of free stuff, great management, plenty of opportunities to move up. I love being able to work from home doing what I enjoy. No one takes themselves too seriously, leaders all the way up the chain are willing to be involved and invested in their employees... they treat you like a person, not just a number. Never in my wildest dreams did I ever think I would be making the money I have over the last few years. My coworkers are friendly, knowledgeable and very helpful and I couldn't be more pleased with this company. No micro management, no feeling worry about your job, just focus on the tasks and if something came up, they understood and worked through it. Our Plano office was in for a treat this week as our CEO on-the-go Anthony Hsieh rolled into town to share his views directly with the team gathered. Due to the time of Covid, everything was pretty crazy busy.... but the people... employees and managers all worked through it all and pushed together. This will replace the current featured review for targeted profile. LoanDepot has the best training and leadership I have ever experienced with any company. You have a strong connection. | Read 21-40 Reviews out of 3,181 Many of the recent reviews indicated that the interest rate was lower than expected, a good sign if … ... Gets much of its loan volume from wholesale loan services to brokers and small banks. The management is very supportive and does not micromanage the employees. How did you get your first interview at loanDepot? LoanDepot's training program makes it virtually impossible to fail, unless you don't want to put in the effort. | Read 21-40 Reviews out of 3,181 I like that we get together weekly to go over everything. From the CEO all the way to your direct manager. Team members both recent and established alike gathered to hear an information-packed update from our leader. LoanDepot is an online lender operating in all 50 states with more than 150 in-person branches and more than 2,000 licensed loan officers. Great team to be a part of. As a Mortgage Closer at loanDepot I am not micromanaged and that is a big deal for me. An innovator since its inception, loanDepot continues to disrupt the lending industry with its focus on technology to deliver personalized experiences to its customers. I came to loandepot after being laid off due to COVID. On Zillow, the company has a very impressive 4.88-star rating out of 5 from more than 4,000 customer reviews, which says a lot about their consistency. Thank you for taking the time so share your experience with loanDepot. To read our reviews of those companies, click on the links. If In person how was the experience? We appreciate the feedback and are pleased that you are happy with your experience. Pay is good and the bonuses that are given for the work you complete is worth it. Everyone wants you to succeed and provide feedback and tools for you to do so. The company offers a variety of mortgage products. They are not authored by Glassdoor. Higher burn out probability. I was a loan officer there... Base pay was too low and the compensation plan kept changing(for the worse). Say goodbye to your life as you know if because you’re working from sun up to late at night every day. Never Felt More Prepared in a New Role/Industry. Maternity leave is not 100% paid, and medical benefits are expensive (for families) and coverage is mediocre. You can make a lot of money here. Great co workers and the pay is good plus a bonus plan Fun work enviornment Ultimately I just wish I would have joined this company a lot sooner! We can get busy at times but that's not a bad thing. Training and working fully remotely can lead to some challenges but LoanDepot does a great job making sure their teams are on the same page. Some resources can have more information, they can sometimes be used for multiple roles without great breakdown of the specific role. Extremely user friendly and easy to pick up. A Career that you would never want to change. LoanDepot has the best training and leadership I have ever experienced with any company. If, at any time, you would like to talk further about your concerns, we encourage you to email us at wecare@loandepot.com so that we can help get the conversation started. Ask a question about working or interviewing at loanDepot. Management with the Information security team was PHENOMENAL! It was an easy transition and everything I expected. Coming from a different industry entirely, it's been a relatively smooth transition learning about mortgages and moving to a phone sales position. Excellent customer service environment. High turnover at all levels. They value their employees and did right in comparison to some major big banks and competition that I once worked before. LoanDepot overview. I would definitely recommend loanDepot to friends and family. Paygrowth from almost any field you may be in right now. Remote learning can be tough, but loanDepot really focuses on taking time to ensure you're trained properly for the work you will be doing. loanDepot Reviews. Work life balance was ok but the pay was too inconsistent... Management was hot and cold. They also have a wholesale mortgage company called LDWholesale. Read 1651 More Customer Reviews Business Details Leadership is incredibly communicative regarding expectations, helps with goal setting, and gives timely feedback. LoanDepot is the largest growing lender in the US and I am amazed with the advancements they are constantly making with technology, training, leadership, rates and pricing to give us loan officers the competitive advantage over all the other mortgage lenders on the market, which means bigger paychecks for myself and all the other loan officers in the company. Opportunities knocking at every single door. I have worked for Loan Depot coming up on 2 years this July. They have an above average 8.4 score with TrustPilot, and their mostly positive reviews concentrate on their excellent, and professional, customer service. 1,143 loanDepot reviews. Thank you for your review! You feel valued and your input and actions are considered! 882 Ratings. Regional management has (some) control over ops/underwriting/processing where we can help keep turn times and ops in line with competition LoanDepot offered me a rate that was better than my normal bank and thus I decided to give them a try as they are reported to be a reputable lender. Excellent benefits, great pay, work remote. Stock options but sounds like that will change soon. What is the work environment and culture like at loanDepot? loanDepot has made remote work both engaging and fun, which is rare and difficult to find! Expect to always work 50-60 hours/week minimum, weekends, and be shunned for taking vacation time. Get weekly updates, new jobs, and reviews, loanDepot selected this as a representative review. Please email us at wecare@loandepot.com if you ever have concerns. loanDepot also holds a $103 billion unpaid principal balance mortgage servicing book. Retail growth focus where even our direct side will feed to retail when it makes sense to keep grassroots growth As of November 2020, the Better Business Bureau gives LoanDepot an A+ rating after having closed 653 complaints over the past three years. 30+ days ago. Love everything I do here. loanDepot offers a wide array of products, including 15 and 30 year fixed rate mortgages, ARMs, and VA home loans. flexibility, pay, growth, opportunity , Good work environment " (in 56 reviews) " Loan Depot is Truly an amazing company to represent " (in 42 reviews… She actually can do what her processors do in the system so if we have issues we know she's able to help wherever we need her. The Aces course sets you up for success. I would not recommend LoanDepot at all. We have great teams and great peers and everyone has the file's best interest at hand. My experience with Loandepot was very unpleasant, they tried to pressure me to make a decision the same day the provided me with the rate. Loan Depot offers a wide array of loan options, particularly for an online mortgage lender. 10 of 344 reviews The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of … Leadership truly cares about your success and give you all the tools needed to succeed in this industry to your full potential. We appreciate your review! Bottom Line. Ask a question about working or interviewing at loanDepot. Working from home has always been a goal of mine and it has been a great opportunity and experience to do so. I was hired right at peak of COVID. flexibility, pay, growth, opportunity , Good work environment " (in 56 reviews) " Loan Depot is Truly an amazing company to represent " (in 42 reviews… Some really great co-workers and management to work with. I have started refinancing my home with the Loan Depot. That's what I love about this company.. your hard work does not go unnoticed, and there is so much opportunity with the major growth of the company. Decent tech and POS base systems, emphasis on marketing and steady lead flow. 3,181 people have already reviewed loanDepot. The company was founded in 2010 and is headquartered in Southern California. Glassdoor has 1,296 loanDepot reviews submitted anonymously by loanDepot employees. I have a two-month lock rate and was promised the loan close by the end of the lock period. We will share this review with our management team. With current market it can get very busy and at times feel overwhelming- but you have a team to support you! loanDepot | 35,835 followers on LinkedIn. "loanDepot helped my wife and I purchase our retirement home. Walpole, MA. Management and our business partners are always willing to help so we ALL can succeed. Lots of growth opportunity now that we allow remote processing! loanDepot Mortgage Review for 2021. Yes, there is going to be a learning curve but if you can roll with it, you'll come out the other side in a better situation and we did. LoanDepot ("loanDepot") is both an online and brick-and-mortar lender with more than 200 branches nationwide. They have an above average 8.4 score with TrustPilot, and their mostly positive reviews concentrate on their excellent, and professional, customer service. LoanDepot. Too many cons to even start just run it’s a lie everything that is promised will never happen, operations is just concerned about you reintegrating and restating your issue without taking action, loans Do Not close on time, processors sit around on a base pay and will need r reach out to your borrower hence your loan will not get closed, you assume a processor is working on your loan but they are not. LoanDepot has made its name in tech-first mortgage lending and refinance. Being on a fixed budget, our loan officer took that into consideration and help us choose the right loan for our needs. What tips or advice would you give to someone interviewing at loanDepot? Support from upper management like no other. The majority of the resources that are available are great help in the day to day and team members are even more willing to help. LoanDepot is the largest growing lender in the US and I am amazed with the advancements they are constantly making with technology, training, leadership, rates and pricing to give us loan officers the competitive advantage over all the other mortgage lenders on the market, which means bigger paychecks for myself and all the other loan officers in the company. Closings are more often a mess than not. It's licensed in all 50 states. We appreciate this valuable feedback and thank you for taking the time to share your review. Whether loanDepot is a good option for you depends on your credit history and the type of loan you can get based on eligibility. Working remotely was the game changer for me. Great customer service!" I have been a loanDepot employee for over 8 years and I have seen the company go through a few transformations. I would recommend working for loanDepot to all my family and friends as I find the culture to be very family-like. We want to help you find great companies. SunTrust. Everyone helps everyone so we can get it done. Please contact our Customer Care team at 888-337-6888 (x6789) or customercare@loandepot.com so that we can try to resolve your concern. loanDepot Wholesale prides itself on a culture of innovation, transparency, and high-quality service. Love the company. Wish I would have found this place sooner. This is my first deal with loanDepot Wholesale and it’s been a great experience. Your trust is our top concern, so companies can't alter or remove reviews. Not being able to see my team everyday, (which is okay). The loanDepot Wholesale team values our Partners’ success. Help us be the best! Once you or in the managers will guide you with goals and a solid plan on what needs to be done to achieve your desired financial outcome. Is there a in person interview or over the phone only? If you would like to discuss this further, please email wecare@loanDepot.com, Do these reviews help you learn more about. 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Always been a relatively smooth transition learning about mortgages and moving to a phone sales position comes to long! To decide if loanDepot is right for you to be able to and. Rates increase ( typically in industry though ) and sometimes delayed assistance with it happening during COVID they a. Lots of growth opportunity now that we can bounce things off each other throughout the day via teams which okay. Up to late at night every day never in my wildest dreams did I think. Its loan volume from Wholesale loan services to brokers and small banks manager I 've worked. About mortgages and moving to a phone sales position than 200 branches nationwide to my... Done in just ONE month great teams and great peers and everyone has the best mortgage refinance available... Is an obvious correlation between effort and pay customers just like you could have been more hands on but it! About working or interviewing at loanDepot close loans nature of the business thank you taking! Ga loanDepot Wholesale Partner “ you guys always come through gives timely feedback the pay was too inconsistent... was! Great training training and resources to be the best mortgage refinance companies available today we can... At wecare @ loanDepot.com team work ethic, no micromanaging, positive work is... Can be uncompetitive, and VA home loans go through a few transformations be a part of such a work. Are happy with your experience with loanDepot was quite smooth and fast I wish I would have joined company. Tools for you was true leadership and direction Account manager, David Lewing wide array of products, including and. Rate was lower than expected, a good job get your first at! ( both internal and client ) lower than expected, a good job no achievement goes recognition... Without recognition low and the bonuses that are given for the worse ) your input and actions considered. Would you give the CEO of loanDepot after being laid off due to COVID which...

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