Loan Depot Impersonal Mass Layoffs - Loan Servicing Specialist loanDepot Employee Review

2.0
14 Jul 2021
Recommend
CEO approval
Business outlook

Pros

Decent Salary and Bonus Structure until you are laid off without warning

Cons

They did a mass layoff without warning, calling everyone into a zoom meeting and read off a page. This was a company I put in long hours with, which costs me time, energy, and my health. For those considering them in the future, there isn't job stability. If you are deciding between a few job offers. Consider all your options at length.

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loanDepot Response
4y
Thank you for your candid feedback regarding your time with loanDepot. If you would like to discuss this further, please email wecare@loanDepot.com

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5.0
4 Jun 2026
Recommend
CEO approval
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Pros

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Cons

Time was very demanding honestly

4.0
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Recommend
CEO approval
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Pros

Great benefits, good place to work

Cons

I was laid off along with many other people

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