Loan Depot Mortgage Complaints

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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. 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 – 50 Reviews – Mortgage Brokers – 407. – Yelp – Dealing with Loan Depot was one of the worst experiances of my life. Loan officer Alex Park, is the person that convinced me to use Loan Depot after several mortgage companies wanted to process my loan. Alex persuaded, me to pay $500 for an appraisal, before I was approved.

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loanDepot Mortgage Review | Find a Loan | US News –  · In 2018, the Consumer Financial protection bureau received 162 mortgage-related complaints about loanDepot, with a timely response for most. online features loandepot allows borrowers to apply for a mortgage or find a loan officer or branch online.

loanDepot Mortgage Review for 2019 – – With $30 billion of loans originated for new home purchases (not to mention an extra $70 billion in refinances), loanDepot has certainly earned its spot as one of the leading online mortgage lenders. They’re eligible to do business in any state, plus they place high importance on customer service.

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Loan Depot’s seems completely backwards, I am still confused why the lender was more concerned about appraising the house, rather then verify if I could actually pay for it. This seems very reminiscent of predatory lending, I know car sales managers that do more due diligence, then loan depot. needless to say I’m not forfeiting my deposit.