Is loanDepot a good company to work for?

loanDepot has an overall rating of 3.2 out of 5, based on over 2,893 reviews left anonymously by employees. This rating has increased by 2% over the last 12 months. 51% of employees would recommend working at loanDepot to a friend and 46% have a positive outlook for the business. The best reviews about loanDepot have been left by employees working as Platinum Licensed Lending Officer , Executive Licensed Lending Officer and Closing Manager .

Does loanDepot pay their employees well?

According to anonymously submitted Glassdoor reviews, loanDepot employees rate their compensation and benefits as 3.3 out of 5. Find out more about salaries and benefits at loanDepot. This rating has been stable over the past 12 months.

How satisfied are employees working at loanDepot?

51% of loanDepot employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated loanDepot 3.1 out of 5 for work life balance, 3.2 for culture and values and 3.2 for career opportunities.

What are the top reviewed jobs at loanDepot?

Loan Officer (258) , Mortgage Loan Officer (213) , Licensed Lending Officer (188) , Senior Mortgage Banker (107) , Loan Processor (93) , Customer Lending Representative (76) , Senior Account Manager (66) , Mortgage Loan Processor (54) , Licensed Loan Officer (LLO) (46) , Mortgage Underwriter (46) , Underwriter (42) , Licensed Loan Officer (41) , Customer Service Representative (40) , Loan Consultant (34) , Account Manager (30)

What are the pros of working at loanDepot according to real employee reviews?

"Pay is good and the bonuses that are given for the work you complete is worth it." ((in 194 reviews)); "Great benefits and" ((in 121 reviews)); "They offer great training and will pay for licensing" ((in 115 reviews)); "The company stride to be the leading direct lending company built on great customer service and culture for their employees" ((in 109 reviews)); "People are great and they make it a very fun place to work" ((in 99 reviews))

What are the cons of working at loanDepot according to real employee reviews?

"Poor management is the crux of all that is wrong with this company." ((in 148 reviews)); "You will have no work life balance and also can be let go very quickly." ((in 135 reviews)); "Long hours to be successful and most clients have not heard of us so we need to build the brand name with clients." ((in 115 reviews)); "If you dont have a good manager you are doomed." ((in 71 reviews)); "4. Low employee morale due to massive layoffs" ((in 67 reviews))

What are employees saying about loanDepot layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about loanDepot layoffs and their outlook for job security at loanDepot in 2026.

What are the top reviewed loanDepot locations?

Foothill Ranch , Irvine , Scottsdale , Plano , Lake Forest , Southfield , Franklin , Phoenix , Chandler , Dallas , Los Angeles , Nashville , Atlanta , Walpole , Orange , Chicago , San Diego , New York , Detroit , Charlotte , Costa Mesa , Roseville , Remote , Tucson , Houston , San Francisco , San Jose , Tampa , Foothill Rnch , Salt Lake City

loanDepot reviews

3.2

51% would recommend to a friend

(2,857 total reviews)

Anthony Hsieh

66% approve of CEO

46% positive business outlook

Ratings by category

3.5

Diversity & inclusion

3.3

Compensation and benefits

3.2

Culture & values

3.2

Career opportunities

3.1

Work/Life balance

3.0

Senior management

loanDepot has an employee rating of 3.2 out of 5 stars, based on 2,857 company reviews on Glassdoor which indicates that most employees have a good working experience there. The loanDepot employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

3K reviews

1.0

Jan 25, 2012

Don't plan on seeing your spouse/girlfriend or boyfriend/children etc, if you choose to work at loanDepot.

Senior mortgage banker

Recommend

CEO approval

Business Outlook

Pros

You are required to make money. For the amount of time and effort that you must spend here, you will make money. If you're a single man/woman and want to do nothing but work for six months to a year before you're completely burned out, this could be the place for you.

Cons

Required: Minimum of 10-hour shift w/ extra time "strongly recommended". And don't forget about Saturdays. Required: Minimum of 4 hours of "talk-time" every day. Even if you submitted 2 loans the day prior, and are a top-producing agent, if you did not have 4 hours of "talk-time" you will not be assigned any leads the following day. They have even sent top-producers home for this to make a point. You are constantly reminded that the executives are "best-in-class" and you, as a loan originator, are very, very expendable. It doesn't matter what they may tell you in an interview, you will not be promoted. Know that any an all future mgmt positions have already been tapped.

loanDepot Response

12y

We appreciate feedback both constructive and positive, so thank you for taking the time to share your experience. We do recognize that work/life balance is critical to employee happiness as well as productivity. We offer 15 days of PTO annually and more, based on tenure. Do we require you to work hard? Absolutely. It's a competitive industry and we are a competitive company. Our average Senior Mortgage Bankers earn into the six figures and our top performers earn significantly more, consistently. Just because you've locked two loans one day, doesn't mean you shouldn't want to have an even better day the next... and if that's your measure of success, then sales probably isn't the right profession for you. We have promoted, internally, 15 sales positions over the last two months. We absolutely promote from within, where applicable and for those who work hard to get promoted. Again, thank you for taking the time to share your feedback and we apologize for not meeting your expectations as an employer. - Tara

3.0

Mar 15, 2011

Great Pay, but too much politics inside the office

Senior account manager

Recommend

CEO approval

Business Outlook

Pros

Great Pay when volume is provided, good atmosphere with fellow employees.

Cons

Politics, no room to grow, management already set.

loanDepot Response

12y

We appreciate feedback both constructive and positive, so thank you for taking the time to share your experience. We're glad you found our pay to be great and the atmosphere good. We have a number of new training programs designed to help employees grow with our company and we try hard to promote from within, when applicable. Again, thank you for taking the time to share your feedback and we apologize for not meeting your expectations as an employer. - Tara

1.0

Feb 15, 2011

Loan Depot is a sweat shop! It is very stressful.

Senior account manager

Recommend

CEO approval

Business Outlook

Pros

Pros-paycheck and overtime. They promote from within, but only if you worked for their prior companies. If you want to spend all your time at work and have no life, then this is the place for you.

Cons

Cons-You are only a number, poor management, sweat shop. This place is like high school with lots of clique's. They will let you know that you are disposable.

loanDepot Response

12y

We appreciate feedback both constructive and positive, so thank you for taking the time to share your experience. We do recognize that work/life balance is critical to employee happiness as well as productivity. We offer 15 days of PTO annually and more, based on tenure. Again, thank you for taking the time to share your feedback and we apologize for not meeting your expectations as an employer. - Tara

Viewing 2854 - 2856 of 2,857 Reviews

Top companies for "Compensation and Benefits" near you

Wells Fargo

3.7★Compensation & Benefits

JPMorganChase

3.9★Compensation & Benefits

Bank of America

3.8★Compensation & Benefits

Capital One

3.9★Compensation & Benefits

Jobs at loanDepot

Document Control Assistant

Fair Lending Specialist, Sr

Fair Lending Specialist, Sr

loanDepot

loanDepot reviews

Ratings by category

Ratings by demographic groups

Reviews by job title

Don't plan on seeing your spouse/girlfriend or boyfriend/children etc, if you choose to work at loanDepot.

Great Pay, but too much politics inside the office

Loan Depot is a sweat shop! It is very stressful.

Top companies for "Compensation and Benefits" near you

Jobs at loanDepot

loanDepot reviews FAQs

Want the inside scoop on your own company?

Bowls

Followed companies

Job searches

Top companies for "Compensation and Benefits" near you

loanDepot reviews FAQs

Jobs at loanDepot