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Working at loanDepot

Zippia Score 4.7

Overview

JobsSalaryRevenueReviewsHistoryDemographicsCompetitorsCEO & Executives

loanDepot overview

Industry
Banking
Revenue
$146.5M
Headquarters
Employees
11,307
Founded In
2010
Website
Organization Type
Public
CEO
Anthony Hsieh
Social Media
loanDepot is the third largest private, independent retail mortgage lender in the U.S. and provides residential loans. loanDepot's current business channels include direct lending, affinity, branch retail and servicing. The innovative online consumer direct lending platform operates under the loanDepot brand. The company is also a leader in a distributed branch purchase platform under the imortgage brand. loanDepot currently has more than 2,200 employees and more than 700 licensed loan officers serving all 50 states. Licensed in all 50 states, loanDepot is an approved seller/servicer to Fannie Mae, Freddie Mac and Ginnie Mae and services a majority of the loans it originates. Its product lineup includes FHA, HARP, VA, and Jumbo loans. The company opened its doors for business in 2010 following the U.S. financial meltdown and was founded on the principles of fair and ethical lending, with a customer-centric strategy to deliver great service and competitive rates. loanDepot's CEO and Chairman is industry veteran Anthony Hsieh, an innovator in the mortgage lending industry. The loanDepot leadership team is comprised of seasoned executives who have helped lead some of the largest and most successful mortgage companies and financial institutions in the U.S
The staff at loanDepot come from unusually diverse demographic backgrounds. The company is 50.9% female and 51.1% ethnic minorities. loanDepot employees are more likely to be members of the Democratic Party than the Republican Party, with 56.0% of employees identifying as members of the Democratic Party. But those numbers could change quickly because the turnover rate at loanDepot is relatively high. Employees at loanDepot stay with the company for an average of 2.9 years before leaving.
loanDepot is an industry leader with 11,307 employees and an annual revenue of $146.5M that is headquartered in California.

loanDepot's Mission Statement

To be the lender of choice for consumers and the employer of choice by being a company that operates on sound principles of exceptional value, ethics and transparency.

We apply. You watch Netflix.

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3.9/5

loanDepot employee reviews

Based on 8 ratings

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loanDepot employee reviews

loanDepot employee reviews
3.9/5

Based On 8 Ratings

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Employee Reviews
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4.0
A zippia user wrote a review on Jun 2023
Pros of working at loanDepot

Very high earning potential, uncapped commission

Cons of working at loanDepot

The position was stressful, over time was required at times

loanDepot Benefits

I got to work remotely

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5.0
A zippia user wrote a review on Dec 2021
Pros of working at loanDepot

great enviornment. always provides opportunity for advancement and training. Pay is higher than average.

loanDepot Benefits

bonus

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3.0
A zippia user wrote a review on Dec 2021
Pros of working at loanDepot

Good structure for success

Cons of working at loanDepot

No work life balance

loanDepot Benefits

The amounts of incentives to hit Quotas

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4.0
A zippia user wrote a review on May 2021
Pros of working at loanDepot

The compensation is great. The management team has good communication.

Cons of working at loanDepot

Work Life Balance.

loanDepot Benefits

The bonus structure

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5.0
A zippia user wrote a review on Apr 2021
Pros of working at loanDepot

Great training and support

Cons of working at loanDepot

It was not flexible.

loanDepot Benefits

It was located close to my home

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2.0
A zippia user wrote a review on Oct 2019
Pros of working at loanDepot

Short commute, good co-workers, steady hours,

Cons of working at loanDepot

There is not very much room for growth, no reviews, no raises, no overtime, lots of turnover, very poor compensation, poor communication from upper management. Fewer and fewer perks every year. Health care getting worse and more expensive every year.

loanDepot Benefits

They do offer a 401k match. Who know when that will also be taken away as well.

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The team at loanDepot

  • The founders of loanDepot is Anthony Hsieh.
  • The key people at loanDepot is Anthony Hsieh.
Key People
Anthony Hsieh

loanDepot Rankings

loanDepot is ranked #39 on the Best Finance Companies to Work For in California list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

loanDepot salaries

Average loanDepot Salary
$50,440
yearly
$24.25 hourly
Updated March 14, 2024

Evaluate loanDepot's commitment to diversity and inclusion.

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loanDepot diversity

9.8
Diversity Score
We calculated loanDepot’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of loanDepot’s workforce.
loanDepot diversity summary. Zippia estimates loanDepot's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated loanDepot's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of loanDepot's workforce.
  • loanDepot has 11,307 employees.
  • 51% of loanDepot employees are women, while 49% are men.
  • The most common ethnicity at loanDepot is White (49%).
  • 28% of loanDepot employees are Hispanic or Latino.
  • 10% of loanDepot employees are Asian.
  • The average employee at loanDepot makes $50,440 per year.
  • loanDepot employees are most likely to be members of the democratic party.
  • Employees at loanDepot stay with the company for 2.9 years on average.

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loanDepot Financial Performance

9.8
Performance Score

We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

LoanDepot currently has 200.2M in revenue. LoanDepot's most recent quarter produced 33.1m (q2'2023).

loanDepot annual revenue

$262M
$210M
$157M
$105M
$52M
$0
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Updated March 14, 2024

Zippia gives an in-depth look into the details of loanDepot, including salaries, political affiliations, employee data, and more, in order to inform job seekers about loanDepot. The employee data is based on information from people who have self-reported their past or current employments at loanDepot. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by loanDepot. The data presented on this page does not represent the view of loanDepot and its employees or that of Zippia.

loanDepot may also be known as or be related to Loan Depot LLC, loanDepot, loanDepot Inc, loanDepot LLC, loanDepot, Inc., loanDepot.com LLC and loanDepot.com, LLC.