Senior Mortgage Banker in Scottsdale AZ - Senior Mortgage Banker loanDepot Employee Review

5.0
Oct 19, 2012
Recommend
CEO approval
Business Outlook

Pros

I was pretty hesitant coming over in April, I had heard about the comp plan but it was so far from other plans being offered in the valley I was skeptical. Since I've joined it's been an amazing experience. The management team is exceptional; they're transparent with what's going on now, what the plans are for building out in the coming years and positioning for when the market changes. The pay is nothing short of ridiculous, plenty of bankers earning well over $20k monthly with no signs of slowing down. Over the six months I've been here lead quality has actually improved drastically and the average # of loans closed per banker has increased significantly. We're growing like crazy and everyone in this place is literally smiling all the time. I've never been a 'company guy', but I've bought into loanDepot, drank the KoolAid and I couldn't be happier.

Cons

Wish I had some covered parking, and would love to see some kind of stock options, although the company isn't publicly traded. We work HARD. It's long hours, but with rates this low I don't mind spending extra time here. We don't all come in early and/or work late because they make us do it or expect us to, it's because the bankers and processors here are the best around and are self- (and money-) motivated.

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loanDepot Response
12y
Thank you for taking the time to write about your experience as an employee at loanDepot. We appreciate your feedback! We are so glad you "drank the kool-aid", I can relate! We are always evaluating our benefits package and began 401k matching this year and have some additional, exciting benefits coming for 2014. - Tara

Explore other reviews about loanDepot

5.0
Jul 7, 2026
Recommend
CEO approval
Business Outlook

Pros

Lots of leads and support from management

Cons

More time to work on your leads instead of taking new ones

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loanDepot Response
2w
Thank you for sharing your feedback. We're glad to hear you found value in the lead opportunities and management support. We appreciate your perspective!
2.0
Jul 12, 2026
Recommend
CEO approval
Business Outlook

Pros

Work from home, loans get closed on time

Cons

They are not scared to fire pregnant women or to downgrade their job after maternity leave and pretend like it's the same job- it happened to me and at least one other employee

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