Time Off and Holidays

Time off can be used for a variety of purposes including vacation or personal days, when you or a family member is ill, or for any other reason. Many full-time employees are eligible for time off. If you are unclear about your eligibility, please refer to your offer letter or contact your Human Resources manager.

PTO


The amount of PTO an hourly employee can accrue is based on length of service with loanDepot. PTO will stop accruing once an employee has reached the maximum accrual cap; once the balance has fallen below the accrual cap, an employee will resume accruing time each pay period. Please review the table below detailing accrual levels and maximum caps for full-time employees. Note that PTO does not accrue during leaves of absence or other periods of inactive service.




DTO


Under loanDepot policy, all exempt employees are eligible for flexible time off under the DTO policy. Time off is similar to PTO in that it must be documented in Workday and is subject to your leader’s approval. Unlike PTO, there is no accrual of hours – exempt employees use time as needed/approved by leadership.




Holiday Schedule


In addition to your PTO, loanDepot offers the following paid* holidays in 2021 effective your first day of employment. The loanDepot holiday calendar will be established and published annually on the intranet for planning and business purposes.

*Employees will be paid for the scheduled number of hours they typically work for each Company holiday. Holidays will not be considered as time worked for purposes of calculating overtime.

**The floating holiday is a paid day that can be taken at any time with manager approval. Date must be requested in advance through Workday.