loanDepot Claimed Company

loanDepot is the third largest private, independent retail mortgage lender in the U.S. and provides residential loans. loanDepot’s current read more

EMPLOYEE PARTICIPANTS: 231

TOTAL RATINGS: 1953

CEO: Anthony Hsieh

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Joining loanDepot - Employee Onboarding

Employee Sentiment

The prevailing opinion from employees about joining loanDepot is that the company was somewhat prepared on their first day. loanDepot employees concluded that their overall onboarding experience was positive. 67% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.

Answer	Percent
Yes	100%
No	0%

Did you have a positive onboarding experience when you were hired at your current company?

Answer	Percent
Very Prepared	0%
Prepared	50%
Somewhat Prepared	50%
Unprepared	0%
Very Unprepared	0%

How prepared was your company on your first day of onboarding?

Answer	Percent
Yes	67%
No	33%

Was your direct manager helpful with your onboarding during your first 90 days?

Meet Your Managers

Your direct manager highly affects your experience at a company; overall managers at loanDepot are rated a C+. At loanDepot most employees said they received feedback once a month or never. 60% of employees also said they felt comfortable giving their managers feedback. Learn More about your managers at loanDepot.

Answer	Percent
Every week	18%
Once a month	36%
Once a quarter	10%
Once a year	9%
Never	27%

How often do you get valuable feedback on how to improve at work?

Answer	Percent
Yes	0%
No	100%

Does your boss expect you to work when you're on vacation?

Answer	Percent
Yes	60%
No	40%

Do you feel comfortable giving your boss negative feedback?

Negotiate Salary

If you think you and your skill set should be valued higher than your offer, negotiate your salary! 75% of employees at loanDepot said they negotiated their salaries. On average, loanDepot employees earn $114,375. loanDepot ranks in the Bottom 20% for compensation in Los Angeles. Learn More about Salaries at loanDepot.

Average Salaries at loanDepot by Department

$143k*

Engineering

$174k*

Product

$107k*

Design

$88k*

Marketing

$85k*

Operations

$56k*

Admin

$107k*

Business Dev

$95k*

Finance

$78k*

Customer Support

$167k*

$109k*

$157k*

Legal

$156k*

Sales

^* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.

Get Acclimated

Now that you’ve joined loanDepot, get acclimated. Is lunch a social time or do people sit at their desks? At loanDepot the most common answer selected by employees is a 1 hour break. Understand your coworkers and why they’ve chosen to stay at loanDepot, many employees say it’s because of the company mission.

Answer	Percent
Company Mission	100%
Comp & Benefits	0%
Co-Workers	0%
Comfort & Familiarity	0%
Career Advancement Opportunities	0%

What's the main reason you stay at your current company?

Answer	Percent
>1 hour	50%
1 hour	50%
45 minutes	0%
30 minutes	0%
I eat at my desk	0%

How long do you take for lunch breaks?

Answer	Percent
Multiple times a week	33%
Once a week	0%
Once a month	34%
Once a quarter	0%
Never	33%

How often do you socialize with team members outside of work?

Professional Development

loanDepot ranks in the Bottom 30% of companies for professional development in Los Angeles. 63% of employees feel as though loanDepot is beneficial to their continuous career growth, and 25% said they had a mentor at the office. Learn More about Professional Development at loanDepot.

Answer	Percent
Yes	25%
No	75%

Do you have a mentor at work?

Answer	Percent
Yes	63%
No	37%

Does your current company provide you meaningful opportunities for career advancement?

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