Yes, loanDepot is a reputable lender. LoanDepot or LoanDepot.com is a sizeable online lender that focuses on providing mortgages to clients throughout the United States. “Lender fees” do not include discount points associated with the loan transaction. It is reportedly the second largest non-bank provider of direct-to-consumer loans in the United States. Please contact one of our Licensed Lending Officers at (888) 983-3240 for a customized rate and payment quote. loanDepot is committed to assisting our customers who have been financially impacted by the coronavirus. Individuals pictured may not be that of the endorsers and is for display purposes only. loanDepot is committed to assisting our customers who have been impacted by the coronavirus (COVID-19). Problem-solving skills are highly regarded within the banking industry. I could not ask for anything more, they did exactly what they said they would and I have had no problems. Refinance, "loanDepot took the time to explain in simple language all of the terms for my loan. LoanDepot.com. The Guarantee is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a “home equity loan”), renovation loans, bond loan programs and down payment assistance programs. The ability to redeem the Guarantee in part or in whole also is subject to future changes in Federal or state law, or investor or guarantor restrictions on refinancing the existing loan. Our proprietary mello® software platform powers every loan transaction, and, together with our mello™ smartloan—the world’s first end-to-end fully digital mortgage—we can ensure that your transactions with us are fast, straightforward and hassle-free. The Guarantee may only be used by submitting an application directly to loanDepot. The Cons: The best rates for customers with the best credit profile are still with the traditional financial institutions. About loanDepot. Now it's not. Since launching in 2010, loanDepot has become the second-largest non-bank consumer lender and the fifth largest retail mortgage originator. loanDepot Lifetime Guarantee ("Guarantee")  —  Subject to the conditions and contact requirements outlined below, the Guarantee applies to the refinancing of an outstanding loan originated by loanDepot that is secured by the same property upon which that borrower previously received from loanDepot a loan and “loanDepot Lifetime Guarantee” certificate. {{ productKicker }}: {{ formStep }} of {{ totalSteps }}. Now that’s SMART! The ability to redeem the Guarantee in part or in whole also is subject to future changes in Federal or state law, or investor or guarantor restrictions on refinancing the existing loan. Hi Tiffany – We apologize that your experience was not satisfactory and would like to learn more. The borrower’s ability to qualify for a future loan will be subject to the loan program terms and conditions available at that time. loanDepot Lifetime Guarantee ("Guarantee") — Subject to the conditions and contact requirements outlined below, the Guarantee applies to the refinancing of an outstanding loan originated by loanDepot that is secured by the same property upon which that borrower previously received from loanDepot a loan and “loanDepot Lifetime Guarantee” certificate. On adjustable-rate loans, interest rates are subject to potential increases over the life of the loan, once the initial fixed-rate period expires. loanDepot.com, LLC, NMLS # 174457. LoanDepot overview. loanDepot cannot guarantee that the borrower will be approved for a future loan, the interest rate for a future loan, or the future appraised value of the home. Since launching, it has become the fifth largest retail mortgage lender in the US and the second largest nonbank loan originator, funding over $248 billion in mortgage products. Applying for a loanDepot loan indirectly through a third party (e.g., LendingTree) makes the borrower ineligible for this Guarantee. Everything was communicated in a professional and timely manner and with a courteous attitude. LoanDepot CEO Anthony Hsieh tells Employees To Quit Whining And Complaining. Subject to the conditions and contact requirements outlined below, the Guarantee applies to the refinancing of an outstanding loan originated by loanDepot that is secured by the same property upon which that borrower previously received from loanDepot a loan and “loanDepot Lifetime Guarantee” certificate. Comparably 169 views. Testimonial disclosure — Compensation was not paid in exchange for any testimonial on this site. The Guarantee also does not apply to loans applied for through third parties (e.g., Lending Tree) or originated through loanDepot’s Wholesale division. Origination fees are flexible, commonly falling between 1% and 5%, depending on the loan grade. Click here pdf document opens in new window to learn more. The Guarantee also does not apply to loans applied for through third parties (e.g., Lending Tree) or originated through loanDepot’s Wholesale division. On top of the company’s online lending platform, there is also a range of physical locations that customers can use to apply for loans in person. Future applicants must contact loanDepot directly via the website: www.loandepot.com/MyGuarantee or via telephone (877-395-7381) to qualify for the Guarantee. 25K likes. loanDepot is committed to assisting our customers who have been affected by the recent disastrous events. They originate conventional adjustable and fixed-rate mortgages, government-backed FHA and VA loans, and Jumbo loans. ", Steven M. The company operates direct, retail and wholesale business channels. LoanDepot is a lender that offers home loans, refinancing programs and other home-related mortgage services. David M. The Guarantee may only be used by submitting an application directly to loanDepot. Rate Assumptions — Rates displayed are subject to change and assumes that you are buying or refinancing an owner-occupied single family home, debt-to-income ratios of 35% or lower, asset and reserve requirements are met, and your property has a loan-to-value of 80% or less. Buying a House, "loanDepot did a great job helping me buy my first home. Our goal is to provide you with an exceptional level of care as we assist you in achieving your financial goals. This is a very important objective question, I hope you believe that you will be, but what you need to get your balance mortgage, and the parameters can work on the floor for some different situations. Refinance, "I received great service from loanDepot. For Guarantees issued on or after January 1, 2019, the Guarantee may not be redeemed within 12 calendar months of the Date Issued. They were also able to give me a personal loan. With mello smartloan™, it's not. LoanDepot Mortgage, Therefore, they have access to financial documents … ", Jessica R. For future loans meeting the above requirements and which are successfully closed, the appraisal fee will be reimbursed at the closing of the loan transaction and no lender fees will be charged. Buying a House, "We tried to buy a house for months with 4 different lenders. loanDepot cannot guarantee that the borrower will be approved for a future loan, the interest rate for a future loan, or the future appraised value of the home. I am so glad we received a call from loanDepot. The company has funded more than $165 billion in loans to date, including home, personal and home equity debt. The paperwork was all electronic and all my questions were answered in minutes. Subject to the conditions and contact requirements outlined below, the Guarantee applies to the refinancing of an outstanding loan originated by loanDepot that is secured by the same property upon which that borrower previously received from loanDepot a loan and “loanDepot Lifetime Guarantee” certificate. Testimonial disclosure — Compensation was not paid in exchange for any testimonial on this site. And, thanks to the loanDepot Lifetime Guarantee*, the next time that you refinance with us, you will not pay any lender’s fees. The Annual Percentage Rate (APR) is based on the loan amount and may include up to 3 points. ", Jenifer P. Individuals pictured may not be that of the endorsers and is for display purposes only. Time to refinance? Great service is just around the corner with helpful mortgage information and valuable resources to make buying your home quick and easy! 1,084 loanDepot reviews. Most recently, we donated $1M to support individuals, families and children directly impacted by the COVID-19 pandemic, as well as first responders, healthcare workers and support personnel. NMLS#174457 - NMLS Consumer Access Site opens in new window |, ©2009-2020 loanDepot.com, LLC   all rights reserved. Home Means Everything. Click below for more information on how we can help. Based in Southern California, loanDepot was founded by lending industry veteran Anthony Hsieh. Future applicants must contact loanDepot directly via the website: www.loandepot.com/MyGuarantee or via telephone (877-395-7381) to qualify for the Guarantee. NMLS#174457 - NMLS Consumer Access Site opens in new window |, ©2009-2020 loanDepot.com, LLC   all rights reserved. On adjustable-rate loans, interest rates are subject to potential increases over the life of the loan, once the initial fixed-rate period expires. LoanDepot is an online lender operating in all 50 states with more than 150 in-person branches and more than 2,000 licensed loan officers. The Guarantee is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a “home equity loan”), renovation loans, bond loan programs and down payment assistance programs. Applying for a mortgage shouldn't be complicated. A top-10 lender in refinance loan volume, loanDepot also offers a variety of purchase and renovation home loans. loanDepot is an approved seller and servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Founded in 2010 by mortgage industry innovator Anthony Hsieh, our company is focused on creating a straightforward mortgage experience that meets—and exceeds—your expectations. Everyone I dealt with was very kind. In just minutes, we’ll be able to tell you how much you can save in time and money on your loan. “Appraisal fee” includes only the fee associated with the first appraisal on the loan transaction and does not include any ancillary appraisal fees that may be charged in connection with the loan transaction (e.g., second appraisal fee, appraisal re-inspection fee, appraisal recertification fee, etc.). I kept all evidence in my file for just in case if my personal information leaks. Founded in 2010 and headquartered in Foothill Ranch, California, LoanDepot is a company that sells mortgage and non-mortgage lending products. LoanDepot reprocessed and rescheduled for closing for me without any adjustment from what I already paid at the previous closing after I requested for several times via emails, portal messages. 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