High turnover of employees, low average deal size... | LoanDepot Reviews

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LoanDepot

56 Employee Ratings

56 Ratings

71% Verified

3.4

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Current Employee

2.3

Sep 30, 2025

High turnover of employees, low average deal size and low commission percentage on said deals. Draw against commission. High lead quantity but low quality. Upper management ethos is to squeeze every last drop of daily effort from employees, constantly moving goalpost for target production. Would not recommend

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Former Employee

4.1

Sep 26, 2023

Overall it was great. They changed commission structure approximately 4 or more times since I was employed there. Ultimately, I had to leave because the compensation structure was no longer beneficial to me and had to look elsewhere for better opportunities.

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Former Employee

3.7

Aug 15, 2023

Was a good spot to work until the pricing model changed to a ridiculous pad above market rates.

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