Item: loanDepot
Rating: 5
Author: Current employee - Senior Mortgage Banker

Question 1

Is loanDepot a good company to work for?

Accepted Answer

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.

Question 2

Does loanDepot pay their employees well?

Accepted Answer

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.

Question 3

How satisfied are employees working at loanDepot?

Accepted Answer

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.

Question 4

What are the top reviewed jobs at loanDepot?

Accepted Answer

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)

Question 5

What are the pros of working at loanDepot according to real employee reviews?

Accepted Answer

"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))

Question 6

What are the cons of working at loanDepot according to real employee reviews?

Accepted Answer

"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))

Question 7

What are employees saying about loanDepot layoffs in 2026?

Accepted Answer

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.

Question 8

What are the top reviewed loanDepot locations?

Accepted Answer

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

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