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      loanDepot

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      Related searches: loanDepot reviews | loanDepot jobs | loanDepot salaries | loanDepot benefits
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      Aces Interview

      Dec 11, 2017
      Anonymous employee
      Los Angeles, CA
      Accepted offer
      Positive experience
      Easy interview

      Application

      I applied through an employee referral. The process took 2 weeks. I interviewed at loanDepot (Los Angeles, CA) in Jan 2017

      Interview

      Fairly easy interview process as long as you're qualified and have a solid background of sales experience. Other than that the interview was pretty easy if you're prepared. Overall good experience.

      Interview questions [1]

      Question 1

      Why should we pick you, aside from everyone else.
      Answer question
      2

      Other Aces Interview Reviews for loanDepot

      Aces Interview

      Nov 2, 2017
      Anonymous employee
      Accepted offer
      Neutral experience
      Easy interview

      Application

      I applied through a recruiter. The process took 3 weeks. I interviewed at loanDepot in Oct 2017

      Interview

      Phone interview with a recruiter who was pretty helpful and seemed to be pretty honest about the company. Though she spun it positively - which is her job. Invited me to an interview with the recruiters in person, scheduled a date, received email confirmation. Took a Wonderlic and a PI test. I probably bombed the Wonderlic - I got way too caught up in solving an algebra problem and didn't finish half the test. lol. Showed up for the interview and there were a bunch of others there dressed in suits as well - this was a group interview - I had no idea - was a little bit pissed and felt like it was a cattle call - but not a big deal. Would have just been nice to know in advance. But maybe this is how they try to see if you're adaptable. Interview was pretty straightforward, about 12 people in the room with a few recruiters, everyone is asked the same few questions as they go around the table, all pretty generic. They then open it up to questions. They also give you a rundown of the process and what to expect at the job. It seemed like a test to see if you can talk and how you handle speaking in front of people and how you handle the nerves. If you can stay calm and confident, you are fine. Less than 36 hours later they got back to me with feedback inviting me on to the final round. Appreciated the quick feedback. Showed up at the second interview and was honestly surprised at some of the folks that they pushed through to the final interview - I wouldn't have thought they would have made the cut if it was up to me. But whatever. There were about 24 people in the next interview. Bigger group, definitely a few better candidates in this batch. Same format as the first one, a couple questions around the table. Followed by the sales VP giving you a blunt explanation of how difficult this job really is going to be. From what I know - don't take it with a grain of salt - he's deadly serious. A tip for the interview: Don't ramble, don't run on and get sidetracked and trip over your words. Answer the question and move on, you don't need to give your life story when they ask about where you used to work. Some people like to talk with they get into uncomfortable situations, you'll only talk yourself into trouble, then try to talk yourself out and you'll sound dumb. If you can stay calm, be coherent, and organized in your response you are in good shape. Again, in less than 36 hours, they got back with feedback pushing me through to the final round which is a licensing interview and background and credit check. As far as I have been told, these last steps are formalities so long as you did not fabricate your resume, have a foreclosure, or have a criminal record. Overall it was a good process, not nearly as difficult as other panel interviews I have been a part of. I did appreciate the quick feedback and the up-front scheduling of future interviews, they set a deadline and stuck to it. I was a little bit disappointed because of the lack of quality of some of the other candidates. At times it felt like a bit of a cattle-call. I'm a pretty qualified person with a strong resume and good background (but not in mortgage). I felt like about half the people around me were riff-raff. But college education isn't a requirement for the job, so that's natural - we'll see who makes it to the actual class.

      Interview questions [1]

      Question 1

      We have one spot left - why should you be the one who gets it.
      Answer question
      3
      avatar
      loanDepot response
      8y
      Thanks so much for leaving a review of your ACES Interview experience. We are very proud of our ACES program and we strive to develop the next generation of lenders, with the integrity loanDepot stands for. Your comments will help others as they decide to take their own ACES journey, and we appreciate your honest take. Thanks again.

      Aces Interview

      Apr 6, 2017
      Anonymous employee
      Plano, TX
      Accepted offer
      Positive experience
      Average interview

      Application

      I applied through other source. The process took 4 weeks. I interviewed at loanDepot (Plano, TX) in Dec 2016

      Interview

      The ACES program required 3 interviews. The first required an initial phone interview with a recruiter. The second was a 1on1 with HR and the 3rd interview was a group interview. All the questions asked were pretty basic.

      Interview questions [1]

      Question 1

      What is going to be the biggest challenge for you going through the ACES program?
      1 Answer
      2

      loanDepot interviews FAQs

      • Aces applicants have rated the interview process at loanDepot with 2.3 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 67% positive. To compare, the company-average is 64.8% positive. This is according to Glassdoor user ratings.
      • Candidates applying for Aces roles take an average of 22 days to get hired, when considering 3 user submitted interviews for this role. To compare, the hiring process at loanDepot overall takes an average of 15 days.
      • Common stages of the interview process at loanDepot as a Aces according to 3 Glassdoor interviews include:

        IQ intelligence test:  23%

        Phone interview:  15%

        Personality test:  15%

        Drug test:  15%

        Group panel interview:  15%

        Other:  8%

        Presentation:  8%

      • Here are the most commonly searched roles for interview reports -

        1. Loan Officer(258) ;
        2. Mortgage Loan Officer(213) ;
        3. Licensed Lending Officer(188) ;
        4. Senior Mortgage Banker(107) ;
        5. Loan Processor(93) ;
        6. Customer Lending Representative(76) ;
        7. Senior Account Manager(66) ;
        8. Mortgage Loan Processor(54) ;
        9. Licensed Loan Officer (LLO)(46) ;
        10. Mortgage Underwriter(46) ;
        11. Underwriter(42) ;
        12. Licensed Loan Officer(41) ;
        13. Customer Service Representative(40) ;
        14. Loan Consultant(34) ;
        15. Account Manager(30) .


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