loanDepot – This company has turned into a sweatshop. The amount of pressure they put on employees is truly horrible. They keep laying off people and then expect the remaining employees to do the work with no regard to our personal life, health or well-being. | Comparably

loanDepot – This company has turned into a sweatshop. The amount of pressure they put on employees is truly horrible. They keep laying off people and then expect the remaining employees to do the work with no regard to our personal life, health or well-being.

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
236
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1996
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This company has turned into a sweatshop. The amount of pressure they put on employees is truly horrible. They keep laying off people and then expect the remaining employees to do the work with no regard to our personal life, health or well-being.

What is the best part about your compensation package?

The Health insurance is good, not great, but good

What did you like most about the interview process?

I'm not sure how to answer, the company was completely different when I started several years ago

What do your coworkers need to improve and how could you work together better?

Unfortunately it starts at the top. They push is all to do so much, very quickly.... but don't make a mistake or you'll be written up

What does the leadership team need to get better at?

How about carrying about the employees, that would be a great start. They make it appear that OT is optional, but the expectation is to work until it's all done and that means OT, and lots of it.

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