LoanDepot is a great place to work, great environment with a top notch CEO. Pros " flexibility, pay, growth, opportunity, Good work environment " (in 56 reviews) " Loan Depot is Truly an amazing company to represent " (in 42 reviews) Useful. Save job. Your local branch will offer more support than the higher ups will. It's more than Teamwork, it's more like a family coming together to fill the gap, encourage, uplift, and so on! I vividly recall our CEO telling the Processors to "deal with it" after asking the CEO for help in regards to the overwhelming influx of loans. Average Salary. The loan depot experience that I have had since I applied for a home refinance loan in August 2020 has been Horrendous. I worked at loanDepot full-time for more than a year, We appreciate the feedback regarding your time as a member of Team loanDepot. We will share your insights with our team so that we can continue to improve our corporate culture. Tonya Tipsword who I originally spoke to to try to resolve the funding talks a good talk but won’t return calls or emails. Company doesn’t really care about employees. This is the employer's chance to tell you why you should work for them. If you’re in need a quick and stress free refinance I would not go with loan depot. 100% money driven and don’t really care about employees anymore. Senior Loan Processor loanDepot Scottsdale, AZ 1 minute ago Be among the first 25 applicants. Not a lot of help from management when other departments (loan officers) are being difficult or rude. Save job. Apply on company website Save. Our managers are A++++, open, ready to give the fruits of their knowledge and receive feedback graciously. The Money is great but the circles to get to the mony isn't. Share. Hi Frank – We apologize that your … CEO is sales based, not Processing based and this causes miscommunication. Remote position that pays well within the industry. But when interest rates go up better be a top performer or you may get cut. Free interview details posted anonymously by loanDepot interview candidates. If you would like to discuss this further, please email us at wecare@loanDepot.com. What is the work environment and culture like at loanDepot? Is there a in person interview or over the phone only? Added job responsibilities keep changing. And the bonus structure is great. 181 loanDepot reviews. You've already flagged this Reply from loanDepot. Acts like he's a godsend to the world of lending, and the inventor of lending for homes, he's very pompous on internal calls with the whole division and it just rubs me the wrong way. Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. Company is very progressive and motivational. Since loanDepot hires extremely unskilled and inexperienced processing, there is a huge impact on the flow of the file from start to finish. Useful. Explore skills and training, pay raises and promotions and management and culture. Decent pay, but nothing crazy. Computer systems constantly going down. Jobs; Jobs Tips; How to Get a Job; 11 Recession-Proof Jobs; The Perfect Resume Looks Like This; How to Write A Cover Letter; 9 Attention-Grabbing Cover Letter Examples; Quiz: What Job Best Fits Your Life? Expect you to do more than your pay grade, Bonuses are great but you have to constantly work overtime to keep up with the workload. 10 loanDepot reviews. Thank you for taking the time to write about your experience as an employee at loanDepot. The company was founded in 2010 and is headquartered in Southern California. Testimonial disclosure — Compensation was not paid in exchange for any testimonial on this site. Jobs. Hi Emine! I have the ability to work remote, and get my job doen wherever I am. We’re disappointed to hear about your experience with us. It has it's pros and cons not having face to face interaction with your manager. We appreciate this feedback and would like to know if we can assist further. Fun and creative group of leaders. Even when saying things that would reflect humility he doesn't come across as genuine, more like, well I wasn't responsible directly someone below me did it and it gives the feeling that there is very little ownership of problems from him directly. 195 loanDepot reviews. 13 salaries … if you like money and love to hustle this is the place for you. Your response will be removed from the review – this cannot be undone. If you would like to talk with someone further about your concerns, please do not hesitate to email us at wecare@loanDepot.com. We are sorry that your time with us did not meet your expectations and we will share your review with our management team. Job had amazing pay. Here For You During COVID-19 Used to work for iMortgage, but it was officially taken over by LoanDepot in 2017. loanDepot reported this review for breaching of Trustpilot guidelines. The hardest part of the job for me, I would have to say is clocking out each day. Processors make mortgage companies money. Even though I did really well my last month there I had to resign due to the aged loans they would have let me go. The people I directly worked with, benefits are okay and bonus incentives are great. 23 salaries reported. Management by far is the best I've experience in a very long time in the corporate realm of my career. Great company to work for, but the emplyees are not nice, the manager do not provide propare assistance to help you grow with the company, and the LO's are lazy, they do not bother to educate the borrowers about the process that is left up to the Loan Analysts. I worked at loanDepot full-time for less than a year, no work life balance, your work is your life and you basically need to work at least 60+ hours a week, Disrupting Finance and Technology? A free inside look at company reviews and salaries posted anonymously by employees. If you would like to discuss this further, please email wecare@loanDepot.com. That's loanDepot. Great people you will learn so much. They will examine, evaluate and authorize or recommend approval of customer applications for real estate loans and will be responsible for closing of loans in a timely basis. CEO and higher up operations team do not truly care if you sink or swim. They also reward the sales guys well which makes your chances of getting some good loans pretty good. Here For You During COVID-19 NEW! You can trust that your manager is human just like you, not a programmed or self-centered person who abuses their title with the inability to perform half as well as even the less experienced new hire. Get started . While we are a company that has high expectation, we also recognize that work/life balance is critical to employee happiness, retention and productivity. Thank you for sharing your story. once you come back you have aged loans with expiring locks then guess what ..you are written up as a final warning. Thank you for sharing this feedback with us, we appreciate it! New On Glassdoor; Here For … Position Summary: The Loan Processor III is highly proficient processing conventional and government loans and has knowledge of all product types. Unprofessional management staff plays favorites. What tips or advice would you give to someone interviewing at loanDepot? You've already flagged this Reply from loanDepot. Lack of support system, Culturally unbalance. See who loanDepot has hired for this role. A free inside look at company reviews and salaries posted anonymously by employees. " And there were decoration contests around the holidays to make it a fun work environment " (in 55 reviews) " Loan Depot is Truly an amazing company to represent " (in 42 reviews) Cons " You have to work long hours to build up a pipeline if you're new " (in 79 reviews) " Micromanaging and stress and no work/life balance " (in 67 reviews) More Pros and Cons. Our leaders care deeply about our company, and always urge us to be best in class. Closing department is in shambles and you miss closing 80% of the time due to a closing related issue. They are not … We look forward to being your lender of choice for any future lending needs. Just is what it is at this top of the industry job. Are you sure you want to remove this review from being featured for targeted profile? Scoring one of the "Best Places to Work" in less than ten years of its... – More. Our community is ready to answer. Share. You've already flagged this Reply from loanDepot. If you would like to speak to someone here about your experience, please feel free to email us at wecare@loandepot.com and we will set up a time to connect. Strong company with forward thinking in the lending industry, Focused more on the technical side of business. Get weekly updates, new jobs, and reviews, loanDepot selected this as a representative review. Thank you for taking the time to leave a review regarding your experience with our team. How do you feel about the future of loanDepot? 22 salaries reported. Mortgage Loan Processor (Former Employee) - Plano, TX - February 27, 2019 LoanDepot is a great place to work, great environment with a top notch CEO. but.. literally anything that isn't in the above Pros list is a Con for LoanDepot as a processor. This is honestly the worst customer service … Loan Processor. Always giving you a template for emails. Very frustrating underwriting process and loan processor never answers a phone call. Save job. More loanDepot Banking & Finance salaries. Higher volume of work indeed! We will share this review with our management team. Always threats of layoffs. Pros & Cons are excerpts from user reviews. NO sense of security at all. Women rate the female-friendliness of their workplaces on. Loan Processor (Former Employee) - California - January 26, 2018 I worked hard, with absolute no acknowledgement.I did learn a lot more at LoanDepot than any other mortgage office due to the many loan programs they had! Hi Emine! Thursday marked the latest appearance on national TV news by our CEO and Chairman (and very own financial news pundit) Anthony Hsieh, as he joined FOX Business' Cavuto: Coast to Coast to discuss interest rate changes and more. I don't think I've ever disliked a CEO of a company ever and this guy made me dislike him. We will share this review with our management team. Learn about loanDepot culture, salaries, benefits, work-life balance, management, job security, and more. If you would like to talk with us at all about your experience, or share more feedback, please email us at wecare@loandepot.com. Great managers, good pay, great benefits. No willingness to assist employees in balancing work and life. Account Settings A free inside look at company reviews and salaries posted anonymously by employees. Team members both recent and established alike gathered to hear an information-packed update from our leader. You've already flagged this Reply from loanDepot. I hate the salary and the benefits but since I have been there I have learned to process all didn't types of loan products I was not exposed to at my previous employer. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Our Loan processors Kenetha Davis and Tanner Tobey worked very hard to close the loan. If you didn't work with anyone in the office before you are treated as an outcast. … they need. The overall company vision is awesome, however management is terrible. Favoritism with Management and company lays off a lot. I had heard about this place from other processors at my old job before I made the jump and had heard exactly what my experience was going to be. Reply. I applied in August 2020 and still have not closed as of December 1, 2020. The information provided is from their perspective. Jobs; Jobs Tips; 7 Job Hunting Tips For When Businesses Aren’t Hiring; How to Write a CV; How to Write a Great Job Application Email; 4 Great Personal Statement Examples for Your CV; How to Change Careers ; 6 Great Jobs You Can Get With … Employees were very supportive. Way too much way too early. If you would like to talk with us at all about your experience, or share more feedback, please email us at wecare@loandepot.com. If, at any time, you would like to talk with us, please email us at wecare@loandepot.com. loanDepot — We are America’s Lender. Thank you for the great review! Our Loan processors Kenetha Davis and Tanner Tobey worked very hard to close the loan. Lending Officer. … Thank you for taking the time to leave a review regarding your experience with our team. We would encourage you to email us at wecare@loandepot.com so that we can schedule time to talk with you further about your experience. Working for and with loanDepot has been the best remote experience I've ever had. Ask a question about working or interviewing at loanDepot. Hi there! We’re sorry to hear about your experience with our company. This place is like being in a blender. Average Salary. Enjoyed the people and management. Most management was pretty good. Loved working here- it had all the training available that one could want. Room for learning and growth! Way too much way too early. We look forward to being your lender of choice for any future lending needs. Apply on company website Save. ), 7 of the Best Situational Interview Questions. See who loanDepot has hired for this role . $81,185 per year. Glassdoor has 1,143 loanDepot reviews submitted anonymously by loanDepot employees. We had to walk on eggshells as the manager would be happy one min then next min angry. Tell us about yours. I work in Richmond, VA but my manager is in PA. The bonus structure was by far one of the best I experienced a loan processor. The values of the company are not what they used to be. We appreciate the feedback regarding your time as a member of Team loanDepot. Apply on company website Save. How much should you be earning? I had a great time working there. Micro managers, they take away loans from you if they don’t like you. They were totally wrong, look how great it is here!" Copyright © 2008–2021, Glassdoor, Inc. 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Responsibilities: Review loan files and … Working remote, but management and team makes it virtually inviting! LoanDepot offers a wide variety of mortgages to fit all types of needs, including conventional loans, ARMs, VA loans and FHA loans. Useful. I like working for loanDepot, my work environment is a little different because I don't work in a production center. Here For You During COVID-19 NEW! Everything is framed that "he" did it, or that "he" is the best. 15+ of those are transferred from someone who has left or been fired, and the loan is literally garbage and aged, and now you're on the hook and in trouble for their escalations that you didn't even start and puts you more behind on your own files until they too are aged and behind. 5 salaries reported. Every work experience is unique. Learn how to enable cookies. Jobs; Company Reviews; Salaries; Interviews; Account Settings. Shay Narcisse, Rico Beauford, and team won’t call or email us back. Working from home is the best, I hope they never change it. Could have asked for much more in a company setting. Lots of overtime, No HR department that cares 7 loanDepot Loan Processor interview questions and 7 interview reviews. 80+ loan pipeline when you were promised no more than 65 in recruiting. Apply on company website Save. Loan Depot delivered what they promised. Pros & Cons are excerpts from user … Job opportunities, Encouragement from Leadership to enhance career, Meetings to achieve client satisfaction. Remote work, flexibility of working hours (to an extent), Mounds of informational resources to assist with your specific position, continuous learning, wide array of benefits, compensation (base + bonus), IT access, training A++++, so much more...... We are so happy to hear that your experience with loanDepot has been so positive. Review of loanDepot Home Loan Products. How much should you be earning? However, in my instance I was fresh out of training and went from 30 to 80 loans in 10 days. However, in my instance I was fresh out of training and went from 30 to 80 loans in 10 days. Thank you for sharing your thoughts about your time with loanDepot. Individuals pictured may not be that of the endorsers and is for display purposes only. If you would like to talk with someone about your experience, please do not hesitate to email us at wecare@loandepot.com. Here For You During COVID-19 NEW! Currently I do love the flexibility to work from home but depending on your manager at the time that can change. Career recommendations for Loan Processor, Explore information on salaries, job satisfaction, skills and more, Popular locations for Loan Processor in US, Learn about loanDepot in popular locations. 80+ loan pipeline when you were promised no more than 65 in recruiting. But you'll make at least 100k. The job is super hard. Company had a variety of products that we could provide to our clients. We look forward to being your lender of choice for any future lending needs. There's absolutely no place I'd rather be employed. Loan Processor loanDepot Remote, OR 1 day ago Be among the first 25 applicants. Explore work from home during COVID-19, remote work support and work-life balance. Read employee reviews and ratings on Glassdoor to decide if loanDepot is right for you. See all loanDepot Senior Loan Processor reviews about Pay & Benefits. Thank you all. but not pay you and there bonus structure sucks. If the only skillset a processor has is arguing, the file does not progress acceptable and the customer is impact. It operates more than 150 loan locations nationwide with a team of 2,000+ licensed loan officers. This will replace the current featured review for targeted profile. Flexability with work hour and the ability to work from home. The Loan Depot (Tennessee) Reviews; Quicken Loans Reviews; New American Funding Reviews; Mr. Cooper Reviews; Caliber Home Loans Reviews; Bank of America Reviews ; Wells Fargo Reviews; Guaranteed Rate Reviews; AmeriSave Mortgage Reviews; Freedom Mortgage Reviews ; Network Capital Reviews; Amazon Reviews; Company Culture; 10 of the Best Companies for … This experience has been horrible to say the least. I enjoyed working there. It’s a fine balance. There is zero support if you need help. Seriously, I enjoy the feeling of "home" (pun intended), family, empathy, humbleness, sincerity, grace and gratitude. Great Training and tools to ensure productive skills. Jobs. Reply. Very few holidays, pto is slow to build up and sick days are part of your pto. We appreciate the feedback regarding your time as a member of Team loanDepot. See who loanDepot has hired for this role. Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. Thank you for sharing your feedback about your recent experience. benefits were great. You’re expected to clear underwriting conditions, draw up your closing docs, chase notaries when they are no shows and follow up on findings. If you would like to discuss this further, please email wecare@loanDepot.com, I have been working at loanDepot full-time for less than a year. Thank you for sharing your thoughts about your time with loanDepot. If you would like to talk with someone at any time, please email us at wecare@loandepot.com. If In person how was the experience? Lending Officer. Jody … Retail Loan Processor - Florida loanDepot Remote, OR 1 day ago Be among the first 25 applicants. Reviews from loanDepot employees about working as a Mortgage Processor at loanDepot. The crazy thing is for the first few weeks I was thinking, "Awesome! Be ready for a massive pipeline and super high expectations. Jobs; Jobs Tips; 7 Job Hunting Tips For When Businesses Aren’t Hiring; How to Write a CV; How to Write a Great Job Application Email; 4 Great Personal Statement Examples for Your CV; How to Change Careers; 6 Great Jobs You Can Get With … They also reward the sales guys well which makes your chances of getting some good loans pretty good.