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. 50% of employees would recommend working at loanDepot to a friend and 47% 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?

50% 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 3.1 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 196 reviews)); "Great benefits for medical and dental" ((in 120 reviews)); "They offer great training and will pay for licensing" ((in 119 reviews)); "The company stride to be the leading direct lending company built on great customer service and culture for their employees" ((in 101 reviews)); "You really connect with your team as an LO and you meet some truly great people" ((in 94 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 154 reviews)); "You will have no work life balance and also can be let go very quickly." ((in 137 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 72 reviews)); "Frequent layoffs and restructuring company" ((in 60 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

50% would recommend to a friend

(2,857 total reviews)

Anthony Hsieh

69% approve of CEO

47% positive business outlook

Ratings by category

3.5

Diversity & inclusion

3.3

Compensation and benefits

3.2

Culture & values

3.1

Work/Life balance

3.1

Career opportunities

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

5.0

Jul 7, 2026

Supportive management but needs more lead development time

Mortgage loan officer

Recommend

CEO approval

Business Outlook

Pros

Lots of leads and support from management

Cons

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

loanDepot Response

1w

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!

5.0

May 8, 2026

Best Company in the Business

Sr production manager

Recommend

CEO approval

Business Outlook

Pros

Growth opportunities, ear-to-floor leadership and the compensation plan.

Cons

This is a career not a job, it's not meant for everyone but those that see it through will enjoy the fruition of their hard work.

loanDepot Response

1w

Thank you for your review! We're thrilled to hear that you've found value in the growth opportunities, leadership accessibility, and compensation at loanDepot. We appreciate your contributions and are grateful to have dedicated team members like you helping drive our success.

5.0

May 7, 2026

Love it here!

Principal

Recommend

CEO approval

Business Outlook

Pros

Great onboarding process, the tech setup is great, everyone is friendly, helpful, and work as a team. Health benefits are great - very reasonable and coverage. Executive leadership is engaged and trustworthy, a real breath of fresh air.

Cons

No employee loan program discount.

loanDepot Response

1w

Thank you for your review! We're thrilled to hear that your experience has been so positive, from the onboarding process and technology to the collaborative culture and engaged leadership. We appreciate you being part of Team loanDepot and thank you for taking the time to share your experience.

Viewing 1 - 3 of 2,857 Reviews

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Loan Officer Training Program (ACES)

Loan Officer Training Program (ACES)

Loan Officer Training Program (ACES)

Loan Officer Training Program (ACES)

loanDepot

loanDepot reviews

Ratings by category

Ratings by demographic groups

Reviews by job title

Supportive management but needs more lead development time

Best Company in the Business

Love it here!

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