A lot of smoke and mirrors - Anonymous employee loanDepot Employee Review

2.0
Jun 26, 2018
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The salary was excellent, the benefits were good, and the 401K is very generous. When they told me they were laying me off, the severance was also very generous.

Cons

My time with loanDepot started three months before they hired me, it took them that long to go through the interview process and get me onboard. While the recruiter was great at keeping me appraised of what was going on, it still took forever during which time I became reluctant to accept a role if offered. However, they came in with the highest salary, so I took the job. I was brought on to join a team that was growing quickly and was told that I would be managing my duties and reporting to someone who I had interviewed with but I felt did not like me in my interview. I was correct in this assumption. Instead of being trusted to do a job, I sat at a desk and begged for work to do. She was a lovely person, but incredibly protective of her work and did not share or hand anything off to me. I had no opportunity to sink or swim, to prove my worth. I felt from day one that I had been judged and found wanting without any actual proof of this. The management that I reported into was incredibly insular, I never once felt that I was a valued part of the team and that I was wanted. At the end of my tenure, I was laid off, which did not come as much of a surprise. My direct manager did not like me, did not want to work with me and did not need me. I received a generous severance, but then the two women I reported to directly gave me the cold shoulder, not speaking to me again for the remaining time I was with the company. I feel that as a company, that claims to want to "take care of our people," that this was an EPIC fail on the part of loanDepot. This treatment showed to me that it is a place where people are interchangeable and are not valued in any way shape or form. I would never recommend that someone work for this company, I was shown time and again that the company is not a place where anyone could or would want to grow their career.

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loanDepot Response
8y
We take our corporate culture seriously and it’s disheartening to learn that you didn’t find it to be a positive work environment for you. We strive to build a culture based on ethics, accountability, forward thinking and an entrepreneurial spirit. Your feedback will help us to continue to improve. If you would like to speak to someone about your experience, please email us at wecare@loandepot.com and we will set up a time to connect.

Explore other reviews about loanDepot

5.0
Jul 7, 2026
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Pros

Lots of leads and support from management

Cons

More time to work on your leads instead of taking new ones

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loanDepot Response
2w
Thank you for sharing your feedback. We're glad to hear you found value in the lead opportunities and management support. We appreciate your perspective!
2.0
Jul 12, 2026
Recommend
CEO approval
Business Outlook

Pros

Work from home, loans get closed on time

Cons

They are not scared to fire pregnant women or to downgrade their job after maternity leave and pretend like it's the same job- it happened to me and at least one other employee

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