Is LoanDepot credible?

LoanDepot is accredited by the Better Business Bureau with an A+ rating. Based on more than 3,400 customer reviews on Trustpilot, the lender scores a 3.6 out of five stars.

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Moreover, is loanDepot a broker or lender?

As a direct lender, loanDepot says it can deliver low mortgage rates (depending on your credit score) and get you to the closing table 50% faster than the industry average. … loanDepot is the fifth-largest VA lender in 2018, with more than 27,000 loans guaranteed by the Department of Veterans Affairs.

Furthermore, what type of lender is LoanDepot?

Mortgage lending

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

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