Reputation. 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.
Similarly one may ask, how long has loanDepot been in business?
One may also ask, is loanDepot a good stock to buy?
loanDepot’s analyst rating consensus is a ‘Moderate Buy. … loanDepot released its earnings results on Oct 31, 2021. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.387 by $0.073.
Is LoanDepot a lender or broker?
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. The company offers several types of mortgage loans, including conventional mortgage loans, jumbo loans, FHA loans, and VA loans.
Is loanDepot federally 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 are loanDepot requirements?
To qualify for an FHA loan and FHA Streamline refinance borrowers need to:
- Be a U.S. citizen with a valid social security number.
- Have a steady employment history that demonstrates adequate income.
- Use the loan to purchase, build or refinance a primary residence.
- Ensure total debt does not exceed 43 percent of your income.
What is it like to work at loanDepot?
LoanDepot has been good to me. Great management support and great team mates. Mortgage industry is overall stressful no matter what company you work for. Working remotely is great.
What type of lender is LoanDepot?
LoanDepot, sometimes stylized as loanDepot, is a Lake Forest, California-based holding company which
| Type | Public |
|---|---|
| Industry | Mortgage lending |
| Founded | 2010 |
| Founder | Anthony Hsieh |
| Headquarters | Lake Forest, California , U.S. |