loanDepot reviews

Guilt trips to stay late if your day was not productive (aka locked a loan). New Hires are given the crappiest and bottom of the barrel leads. You need to make a ridiculous amount of phone calls to find 1 good prospect while the best leads are given to the top MLO's in the platinum level. Management is okay depending upon who you get. The first Team Lead I had was awesome. The second was like a lost puppy who did not know how to train and lead a team. Upper management is terrible. They talk a big game and there is a lot of pounding on the chest like they were in Wolf of Wall Street. Pay plan changed twice and benefits cut when interest rates increased.

Mortgage industry volume can be cyclical, leading to periods of uncertainty. Fast-paced environment can result in long hours during peak production periods. Frequent changes in market conditions require employees to adapt quickly. Sales and production goals can be demanding. Communication between departments can sometimes be improved. Processes and procedures may change frequently as the company responds to market conditions. Work-life balance can be challenging during busy periods. Staffing levels may fluctuate with changes in loan volume.