loanDepot will supply all of the mortgage education and tools necessary to pass the NMLS SAFE exam.
During this time you will be pre-screening borrowers and learning how to handle basic rebuttals and sell company history.
It’s time for what we call an “MBA in mortgage.” Learn mortgage from A-Z including but not limited to: federal guidelines, product knowledge, *mello* (loanDepot's proprietary software) and how to sell & take care of our customers the loanDepot way.
Ring Ring! You are now on the phones speaking with our valued customers to determine how best to support their financial needs. Here you will begin to sell mortgage loans while receiving hands-on support from our best-in-class ACES Managers, Floor Coaches, VP’s, and top-performing Licensed Lending Officers.
You did it. You are officially an ACES graduate and now a Licensed Lending Officer on a sales team. loanDepot will continue to provide ongoing training & support throughout your long career with loanDepot. Cheers!
Yes, all ACES hires are compensated with an hourly rate in addition to a competitive bonus plan.
You bet! All employees at loanDepot who work over 30 hours per week receive health, dental, vision, 401K & many more amazing employment benefits. Check out our benefits site: www.loandepotlivewell.com.
The great part about the loanDepot ACES program is we have created a training machine to hire the best & brightest sales talent from all industries. Whether it be from hospitality, financial services, auto, insurance, door to door sales — you name it and there is someone in our company that has gone through our ACES program with success. We focus our hiring on attitude & ability!
Yes. Federal regulation requires all Loan Originators to be licensed in every state where you conduct business. We will guide you through this process. Additionally, you must be willing to deactivate any real estate license to receive your nmls license with loanDepot. We will guide you through that process.
You must be able to pass a federal background check and credit report check which we will confirm during the hiring process. In addition, you must be able to pass the SAFE exam at a score of 75% or higher.
Our Licensed Lending Officers are very busy! We do ask that anyone accepted into the ACES program be prepared to work approximately 45-50 hours per week to help support our wonderful customers. In addition, you may be required to work up to one Saturday per month.
All marketing leads funnel first through our highly valued Customer Lending division. Our Customer Lending Representatives will go through a list of pre-qualifying questions and once the borrower confirms an interest, the call will be transferred to you as their dedicated Loan Officer.
No. The direct lending model was strategically created to support and assist our borrowers through our internal marketing campaigns. However, if you do have outside business through friends, family & realtors — we happily welcome that business as well.
After ACES training, the fun continues & you are now officially ready to start your long-term career within the mortgage industry taking care of our customers. You will graduate to a team of approx. 15 Loan Officers reporting to a Sales Manager.
90%+ of our Sales Management staff were Loan Officers at loanDepot at one point in their career.
Attitude, commitment, and perseverance are some of the main attributes that contribute to success within loanDepot’s ACES program. Every ACES candidate receives the same opportunity to become successful. It’s just up to you as a new employee to seize it!
“The ACES program at loanDepot gives you all the tools you need to become a top mortgage loan originator. I did not have any experience in the financial industry before going through the ACES program. After ACES, I had all the knowledge and tools needed to become a successful MLO, and I felt very confident from day 1 on the job. The trainers are great and the program is 2nd to none!.”
“The ACES structure is designed to fast track your success as a Loan Officer. The management team will cultivate that success and provide constant support throughout because they care deeply about your growth.”
“When I think of ACES I think of support, leadership, and guidance. Support in making sure we have all the tools needed to perform at a high level and accomplish any goal we can think of. Leadership to teach us how to navigate any situation and ensure success.”
“ACES stands for Accelerated Sales which is exactly what you will get, if you are new to mortgages or sales in general you will be provided the tools for success at loanDepot. The training and management staff truly care about your growth and development. If you bring a positive, open mindset, strong work ethic, and trust the process; you will find yourself in a financially life-changing position.”
“ACES has given me the foundation to get out what I put in. If we are willing to grind and put in the effort the return you can get here is 10-fold. It is a truly incredible program that helps set the bar for future success.”
