Is LoanDepot credible?

Is LoanDepot Reputable? LoanDepot is accredited by the Better Business Bureau and has an A+ rating. Trustpilot scores loanDepot 3.7 out of 5 stars, an average rating. The Consumer Financial Protection Bureau received 276 mortgage-related complaints in 2020 about loanDepot’s parent company, LD Holdings Group.

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Considering this, does LoanDepot charge a fee?

LoanDepot has no application fees or prepayment penalties for any of its loans, but the lender does charge a late fee if a borrower is more than 15 days late on a mortgage payment. You can call the lender to get a full breakdown of the fees you might pay on a refinance or purchase mortgage.

Similarly, how long does LoanDepot take to close?

3 to 5 days

Moreover, how long has LoanDepot been in business?


Is LoanDepot a broker or lender?

Because it’s a direct lender, loanDepot says it can deliver low rates and close loans 50% faster than the industry average application process. The company offers a wide range of mortgage refinance options, including conventional, jumbo loans, FHA and VA refinance.

Is LoanDepot federally backed?

LoanDepot mortgage loan types

LoanDepot has a variety of mortgage products: fixed- and adjustable-rate loans for purchases and refinances, jumbo loans and loans backed by the Federal Housing Administration and the Department of Veterans Affairs.

Is LoanDepot federally insured?

Is LoanDepot FDIC-Insured? LoanDepot does not appear to be FDIC-insured, most likely because they’re not a bank. If this is a concern of yours, I would ask an agent directly if the company has FDIC insurance that might apply to your loan situation.

What type of lender is LoanDepot?

Mortgage lending

Type Public
Industry Mortgage lending
Founded 2010
Founder Anthony Hsieh
Headquarters Lake Forest, California , U.S.

Who is Deborah on the LoanDepot commercial?

Debora Wilson –

Who is LoanDepot owned by?

Anthony Hsieh

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