Overworked and under appreciated with unrealistic expectations - Anonymous employee loanDepot Employee Review

1.0
Oct 19, 2012
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Fun parties, good co-workers. Nothing else.

Cons

They overwork you and don't have realistic expectations. They don't seem to take reality into account when creating goals. Medical benefits are poor and not competitive. They talk a lot about the culture they have but don't follow through with the values and ideals they promote.

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loanDepot Response
12y
We appreciate feedback both constructive and positive, so thank you for taking the time to share your experience. At loanDepot one of our Core Values is “Taking Care of Our People” and we demonstrate our commitment to this in a number of ways. We are a young company and being less than four years old, we still provide benefits that rival most in our space, and we're adding to our package all the time. In fact, we've begun 401k matching and have some great new and exciting benefits in store for 2014. We also try hard and have invested in our people via training. We have a comprehensive Learning Management System, fantastic classroom sessions, one-on-one coaching and we're building a more robust on-boarding training program now. It's important to us to ensure all of our team members have the tools to make them successful and have high, but realistic goals. Our average bankers earn in the six figures and our top performers earn significantly higher, consistently. The business and industry are competitive; and at loanDepot we tend to attract very high caliber mortgage bankers because we strive for Excellence, another of our Core Values. Again, thank you for taking the time to share your feedback and we apologize for not meeting your expectations as an employer. - Tara

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5.0
Jul 7, 2026
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CEO approval
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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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