Horrible company - Mortgage Loan Processor loanDepot Employee Review

1.0
Jan 27, 2022
Recommend
CEO approval
Business Outlook

Pros

There are no pros at this company.

Cons

Stay away from this company from the CEO to the management. No one knows what there doing at this job. The training was rushed and not put together properly. They went from paying employees $28hr and recently changing titles to start changing the pay to $17hr which is horrible drop in pay for a company. That alone shows how poor accounting and future analytics never took into account interest rates rising. Tomo rather worry about buying MLB advertisement then taking care of his employees.

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loanDepot Response
4y
Thank you for sharing your feedback. We'd like to learn more about your experience with Team loanDepot. Please reach out to us at HumanResources@loandepot.com.

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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