If you would like to talk with someone further about your concerns, please do not hesitate to email us at wecare@loanDepot.com. Remote position that pays well within the industry. These loans need to be reviewed daily to make sure they are going through the process for a closing in the future. 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. If you would like to discuss your experience with us at any time, please do not hesitate to email us at wecare@loandepot.com. A typical day at loan depot was getting to the office around 6 AM, going to the break room to get coffee because you needed it. Team members both recent and established alike gathered to hear an information-packed update from our leader. Learn how to enable cookies. If you would like to talk with us, please email us at wecare@loandepot.com to get the conversation started. Loan Officer (Former Employee) - El Centro, CA - December 13, 2019 overall is a great company, personal experience as a loan officer was not satisfying however the company treats employees in a great way and hours are very flexible. In 2015, loanDepot began offering personal loans as well, which … Copyright © 2008–2021, Glassdoor, Inc. 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I would highly recommend them as they have one of the best processes to apply … Everything is framed that "he" did it, or that "he" is the best. Great location, always a food truck outside, and energy drinks are rolled around on a cart for free every now and then. Thank you for sharing your thoughts about your time with loanDepot. Have to manage your time properly between pricing, pitching a deal and managing your loans, the day will FLY by. Explore information on salaries, job satisfaction, skills and more, Learn about loanDepot in popular locations. 8 Questions You Should Absolutely Ask An Interviewer, "Great sales support, horrible processing support". Lots of overtime, No HR department that cares Leads suck. All who started with me came in with a bad history ad it didn't help to keep us focused. Training, Management, Support, Systems, and policies. I asked for help from the start and never got any. I have the ability to work remote, and get my job doen wherever I am. Sad and I was promised I would not be let go, and next day was let go after being engaged, and moving along for the better. If you would like to talk with us at all about your experience, or share more feedback, please email us at wecare@loandepot.com. As a remote loan officer, I have no required production output. It operates more than 150 loan locations nationwide with a team of 2,000+ licensed loan officers. Thank you for sharing your feedback with us. If you would like to talk with someone at any time, please email us at wecare@loandepot.com. They prefund loans so title companies can release funds at will. If you would like to talk with us at all about your experience, or share more feedback, please email us at wecare@loandepot.com. Explore work from home during COVID-19, remote work support and work-life balance. Disrupting Finance and Technology? 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. Reviews. Leads often times don't know how they got on the phone and tell you to put them on DNC list. Very few holidays, pto is slow to build up and sick days are part of your pto. We appreciate the feedback and would like to know if we can assist further. Numbers are the only thing that matter, and not the individual talent. On Trustpilot, LoanDepot receives 3.8 out of 5 stars based on 3,037 reviews. Youâre expected to clear underwriting conditions, draw up your closing docs, chase notaries when they are no shows and follow up on findings. I enjoyed the co-workers and the only downside was the technology and how they distributed lead flow through out the bankers. Enjoy working at loanDepot. If at any time you would like to talk with someone further, please do not hesitate to email us at wecare@loandepot.com to schedule a call. The company tries to be innovative, trend setting, and inspirational. Glassdoor will not work properly unless browser cookie support is enabled. Iâm an experienced loan officer and the âtechâ they offer only goes so far. The only … Get weekly updates, new jobs, and reviews, loanDepot selected this as a representative review. Thank you for sharing this review, we appreciate the feedback! A free inside look at company reviews and salaries posted anonymously by employees. I don't think I've ever disliked a CEO of a company ever and this guy made me dislike him. So much work pressure. 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. We strive to create a positive work enviroment that inspires innovation and growth. 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. 53 loanDepot reviews. Horrible managers. There's no other place in the world where you can go from totally inexperienced to successful in a matter of a couple months. But you'll make at least 100k. Our community is ready to answer. I enjoyed working there. Our employees are our greatest asset and we are delighted to hear that you are happy with your overall experience. Of the complaints, the most frequent is about LoanDepot’s high origination fee, which can be as high as 5% of your loan… Loan pricing, turnaround time, lack of relationships due to everchanging Processors. The first two years were great, with a transfer, I had new management. Lack of training. Is there a in person interview or over the phone only? The company is a pretty relaxed environment for being a mortgage banker. If you would like to discuss anything further, please email wecare@loandepot.com. I had a great time working there. Being new is different than at most other companies that have normal turn over. Thank you for taking the time to write about your experience as an employee at loanDepot. If you enjoy a fast paced environment you will love Loan Depot. Explore skills and training, pay raises and promotions and management and culture. Slow processing. Hereâs Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Thank you for sharing this feedback with us, we appreciate it! The rate and closing costs were as promised. We appreciate the feedback regarding your time as a member of Team loanDepot. How do you feel about the future of 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. A free inside look at company reviews and salaries posted anonymously by employees. Please email us at wecare@loandepot.com if you ever have concerns. Wish this company the best of luck. Please email us at wecare@loandepot.com if you would like to discuss them further. Help people considering your employer. This is the employer's chance to tell you why you should work for them. Thank you for leaving this review. I have been working at loanDepot full-time for more than a year, Growth minded, good culture, diverse experience, Well established company/employees have been there a long time. Thank you for sharing your experience with us. The job is super hard. Software is great, environment is cool and comfortable. But when interest rates go up better be a top performer or you may get cut. LoanDepot Sounds good, but has it's issues. overall is a great company, personal experience as a loan officer was not satisfying however the company treats employees in a great way and hours are very flexible. Our refinance closed within 30 days. 29 loanDepot reviews. Scoring one of the "Best Places to Work" in less than ten years of its... – More. You were to answer phones non-stop, some of the leads were just pushed by the call center so they get bonus. loanDepot has been offering mortgage refinance loans since 2010, funding more than $100 billion. Share your experience. Loandepot seems like an upstanding Loan company and I did get my loan closed. Thank you for sharing your thoughts about your time with loanDepot. Thank you for the feedback. The people I directly worked with, benefits are okay and bonus incentives are great. Was this review … Applying for a loanDepot loan indirectly through a third party (e.g., LendingTree) makes the borrower … Managers are slow. The information provided is from their perspective. Great people to work with. Lots of work but what else are you going to do with your life. I have the flexibility of working remotely. I had the misfortune of getting a less than stellar loan officer who made the loan … While I loved the people I worked with, it didn't last. Read employee reviews and ratings on Glassdoor to decide if loanDepot is right for you. Every time I've worked with them my family's financial health and quality of life has been blessed by the competence and integrity of their their Loan officers, … Thank you for taking the time to share this feedback with us! 2 Reviews. If you work hard and you believe in yourself that you are helping someone with an essential part of homeownership it feels right good to work in the office energy is high adjustments to work from home was smooth and management is on top of capital markets and know what is going on in the industry they inform us well and we are trained well in markets and products, but should inform us on how to manage pipelines and fund loans more smoothly, $, Good manager, good coworkers, meet very interesting people, Stress, you have to be ready to work, can’t just wing it. How to Answer: What Are Your Strengths and Weaknesses? Sweat shop. Pros. This will replace the current featured review for targeted profile. That's loanDepot. Tech was good. We are sorry that your time with us did not meet your expectations and we will share your review with our management team. Just is what it is at this top of the industry job. The people I directly worked with, benefits are okay and bonus incentives are great. We appreciate the feedback regarding your time as a member of Team loanDepot. If the need arises again, I will use Loan Depot … If In person how was the experience? If you would like to discuss this further, please email wecare@loanDepot.com. This company is not yet accredited.See reviews below to learn more or submit your own review.. LoanDepot is a direct lender that offers home loans, refinancing and other related mortgage … We're sorry that your experience with us was less than exemplary. They were totally wrong, look how great it is here!" BBB accredited since 11/4/2014. This place is like being in a blender. Freedom Mortgage Review: Multiple Loan Options, but In-Person Service ... Freedom Mortgage offers a variety of loan options, but you'll need to talk with a loan officer for rate quotes, pre-approval, and obtaining your loan… Your response will be removed from the review – this cannot be undone. I was always early, worked late, never complained because I loved the high sales part of the job. 195 loanDepot reviews. They were able to pick up all my information and my loan closed in about 21 days, all involved were very professional. We will share your kind words with the team. We appreciate this feedback regarding your experience as a member of Team loanDepot. The loan officer and processing was… The loan officer and processing was relatively smooth and efficient. ), 7 of the Best Situational Interview Questions. Well when a conventional rate was the same as a VA/FHA rate thatâs an issue. The technology they use is ahead of all our competitors. Great benefits for medical and dental Hi there! Good company. I have been working at loanDepot full-time for less than a year. It's wonderful the company is successful but the price that's paid is customers having to wait for about 2 months for a loan to close. Thank you for providing feedback regarding your experience as a member of Team loanDepot. Money is real, the majority of the sales floor is getting paid (150-300k) not just a couple here and there. Loandepot literally chews your soul apart and then spits it back out when you're tired of chasing down problems for other people. LoanDepot On Youtube Make sure the loan amount is based on what you know what you can do, and the loan officer does not tell you what you can do. What advice would you give the CEO of loanDepot about how to improve it? How did you get your first interview at loanDepot? If you have a bad month prepare for the worst, and they will let you go in a heart beat no matter your character or how you present yourself. A free inside look at company reviews and salaries posted anonymously by employees. Fun and creative group of leaders. If you would like to talk with someone further about your experience, please email us at hello@loandepot.com. LoanDepot has made its name in tech-first mortgage lending and refinance. Sometimes that’s stressful if there’s something personal going on, but working here is rewarding. This company by far is one of the greatest company i have ever worked for. We appreciate the feedback regarding your time as a member of Team loanDepot. They provide leads that aren't so bad however, after about 3 weeks and not getting an application I decided to go elswhere. The only thing I looked forward to at this job every day was fliting with the girls, management is clueless, every month you get an entirely different schedule, if you get a 5:00 AM start or 7:00 PM stop say good bye to having any resemblance of a social life! This company offers home loans and mortgage refinancing in all 50 states and provides 180 affiliated loan … Everyday I'm here enjoy every minute of it. Sad when a company only thinks for ultimate profits instead of getting everyone adjusted. Flexibility, remote location, technology is good. Many borrowers speak highly of its loan officers, saying customer service is quick and professional. A free inside look at company reviews and salaries posted anonymously by employees. benefits were great. What is the work environment and culture like at loanDepot? CEO talked about his COVID Vaccine in December (or november, whenever it first was released in US) before it was even available to the public and was almost bragging about it. This place is a joke and pathetic. Growing relationships and helping homeownership, Poor workflow within the company to move loans to closing. Loan Depot Review; loanDepot Mortgage Review. ConsumersAdvocate.org Rating: 4.5 / 5 ... Consumers interested in their service can complete an easy online mortgage application or speak to a loan officer … Computer systems constantly going down. Many customers love this model, but as with any lender, there are … Thank you for your feedback about your recent experience with us; we will share it with the team. Cons. Yr just a number. And the bonus structure is great. I worked at loanDepot full-time for more than a year. LoanDepot has a variety of mortgage products: fixed- and adjustable-rate loans for purchases and refinances, jumbo loans and loans backed by the Federal Housing Administration and … loanDepot Mortgage Review for 2021. We strive to be your employer of choice and will share your concerns. I notified the agent I originally spoke to you at loan depot … I have been working at loanDepot full-time for more than 3 years, great leads, marketing, and origination platform, long closing times, major disconnect with sales and operations, I worked at loanDepot full-time for less than a year. We appreciate your honest feedback! My local manager was more concerns with his personal stuff than assisting. While loanDepot offers personal loans in addition to home products, this review will focus on mortgage and home equity loans. 4 reviews of loanDepot "This office has a fantastic group of local loan officers that truly has your best interests at heart! 62 loanDepot reviews. We appreciate this feedback and would like to know if we can assist further. Waste of time just use them to get licensed and leave. Glassdoor has 1,147 loanDepot reviews submitted anonymously by loanDepot employees. We will share this review with our management team. I followed a previous manager to work here. No training Please email wecare@ loandepot.com if you would like to discuss anything further.
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