The company has funded over $212 billion in loans, which it … Based in Southern California, loanDepot was founded by lending industry veteran Anthony Hsieh. They have the lowest APR I found anywhere! Origination fees are flexible, commonly falling between 1% and 5%, depending on the loan grade. A top-10 lender in refinance loan volume, loanDepot also offers a variety of purchase and renovation home loans. Helping the communities in which we live and serve is one of our company’s core values. Now it's not. loanDepot is located at 407 Atlantic Ave, Brooklyn, NY 11217, USA. 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. Share. 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. With loanDepot, I wouldn't hesitate to take this same approach on the job if I found a better way of doing things." ", Merry B. We may be national in scope, but we’re very local in our approach. Our goal is to provide you with an exceptional level of care as we assist you in achieving your financial goals. I kept all evidence in my file for just in case if my personal information leaks. You, our valued customer, are always our top priority. Future applicants must contact loanDepot directly via the website: www.loandepot.com/MyGuarantee or via telephone (877-395-7381) to qualify for the Guarantee. It offers a range of consumer credit products, such as home loan products, home equity loans, unsecured personal … A free inside look at company reviews and salaries posted anonymously by employees. Your confidence in us and satisfaction with our service are at the heart of everything we do. Catch the latest industry changes, get the 4-1-1 on mortgage basics, and keep up with the latest news from loanDepot and partners. Applying for a loanDepot loan indirectly through a third party (e.g., LendingTree) makes the borrower ineligible for this Guarantee. 1,084 loanDepot reviews. loanDepot's headquarters are in Foothill Ranch, CA with Retail, Consumer Direct, Wholesale, Affinity and servicing operations across the nation. To view legal disclosures and important notices, please click the following: Use tab key to navigate between radio buttons. Refinance disclosure - By refinancing the existing loan, the total finance charges may be higher over the life of the loan. **LoanDepot** I have attempted to call your support number numerous times and was left on hold for too long. | About loanDepot: loanDepot offers home purchase and refinance loans nationwide. The Guarantee may only be used by submitting an application directly to loanDepot. You can contact loanDepot by dialing (646) 586-5608 or visit their website loandepot.com before filing a lawsuit. The Guarantee also does not apply to loans applied for through third parties (e.g., Lending Tree) or originated through loanDepot’s Wholesale division. 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. Though it’s newer than most mortgage companies (it was created in 2010), loanDepot is already the nation’s fourth-biggest direct mortgage lender. LoanDepot, sometimes stylized as loanDepot, is a Foothill Ranch, California-based holding company which sells mortgage and non-mortgage lending products. The Annual Percentage Rate (APR) is based on the loan amount and may include up to 3 points. 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. loanDepot is committed to assisting our customers who have been impacted by the coronavirus (COVID-19). loanDepot Employee Reviews - Q3 2018 - Duration: 1:15. Find out if you're approved in a matter of minutes! Delivering a digital mortgage experience that enables you to be served quickly and easily is our top priority. loanDepot is committed to assisting our customers who have been affected by the recent disastrous events. LoanDepot is a direct lender based in Southern California that was founded in 2010. 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. Please contact one of our Licensed Lending Officers at (888) 983-3240 for a customized rate and payment quote. Description. 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. Click to learn how we can help. ", Mark S. 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. Applying for a loanDepot loan indirectly through a third party (e.g., LendingTree) makes the borrower ineligible for this Guarantee. The company uses mello smartloan technology to … Best decision we ever made was going with loanDepot, they are the best. Terms and conditions are subject to change without notice. Introducing mello smartloan™, the SMART way to mortgage. 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. Please contact the employer to … On adjustable-rate loans, interest rates are subject to potential increases over the life of the loan, once the initial fixed-rate period expires. Problem-solving skills are highly regarded within the banking industry. LoanDepot Does It Work Ask the borrower to obtain a letter of approval for your credit to be eligible before any money is paid. Refinance disclosure - By refinancing the existing loan, the total finance charges may be higher over the life of the loan. Everything was communicated in a professional and timely manner and with a courteous attitude. LoanDepot Mortgage, Therefore, they have access to financial documents … loanDepot.com, LLC, NMLS # 174457. 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. {{ productKicker }}: {{ formStep }} of {{ totalSteps }}. 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 is regulated by the Consumer Financial Protection Bureau and all 50 States and is an approved seller and servicer for Fannie Mae, Freddie Mac, FHA, VA and Ginnie Mae lending products. The Guarantee also does not apply to loans applied for through third parties (e.g., Lending Tree) or originated through loanDepot’s Wholesale division. 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. Testimonial disclosure — Compensation was not paid in exchange for any testimonial on this site. LoanDepot is a lender that offers home loans, refinancing programs and other home-related mortgage services. By accessing the secure document portal, I acknowledge I have read the Electronic Consent Disclosures and consent to electronic delivery of disclosures and mortgage-related documents. The Guarantee may only be used by submitting an application directly to loanDepot. ", Steven M. They originate conventional adjustable and fixed-rate mortgages, government-backed FHA and VA loans, and Jumbo loans. - … 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. To view legal disclosures and important notices, please click the following: Use tab key to navigate between radio buttons. 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. Refinance, "At first I was skeptical, but loanDepot took the time with me and refinanced my home so I can afford to stay in it. They were also able to give me a personal loan. For Guarantees issued on or after January 1, 2019, the Guarantee may not be redeemed within 12 calendar months of the Date Issued. It is reportedly the second largest non-bank provider of direct-to-consumer loans in the United States. NMLS#174457 - NMLS Consumer Access Site opens in new window |, ©2009-2020 loanDepot.com, LLC   all rights reserved. (Points include any origination, discount and lender fees.) LoanDepot Mortgage Review: Is It The Right Mortgage For You? “Lender fees” do not include discount points associated with the loan transaction. You've already flagged this Reply from loanDepot. 6. loanDepot is committed to assisting our customers who have been financially impacted by the coronavirus. First, we'll need to gather some basic information. For Guarantees issued on or after January 1, 2019, the Guarantee may not be redeemed within 12 calendar months of the Date Issued. 1:15. Customer Service is not your number 1 priority. ", Jessica R. I am so glad we received a call from loanDepot. And, thanks to the loanDepot Lifetime Guarantee*, the next time that you refinance with us, you will not pay any lender’s fees. Great service is just around the corner with helpful mortgage information and valuable resources to make buying your home quick and easy! 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. Here at loanDepot, we value the safety and health of our customers. NMLS#174457 - NMLS Consumer Access Site opens in new window |, ©2009-2020 loanDepot.com, LLC   all rights reserved. Individuals pictured may not be that of the endorsers and is for display purposes only. 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. “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.). 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. Describe a difficult problem and how you approached it. Please contact one of our Licensed Lending Officers at (888) 983-3240 for a customized rate and payment quote. 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. 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. loanDepot, Inc. provides mortgage and non-mortgage loan products. All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. Since launching in 2010, loanDepot has become the second-largest non-bank consumer lender and the fifth largest retail mortgage originator. Yes, loanDepot is a reputable lender. David M. I was looking for a 15yr fixed rate loan to replace my 30yr ARM. With mello smartloan™, it's not. loanDepot is the nation's fifth-largest retail mortgage lender and second-largest nonbank consumer lender. Our company’s growth reflects the success of our customer-centric approach. LoanDepot or LoanDepot.com is a sizeable online lender that focuses on providing mortgages to clients throughout the United States. Home Means Everything. The Guarantee also does not apply to loans applied for through third parties (e.g., Lending Tree) or originated through loanDepot’s Wholesale division. Reply. loanDepot is a retail mortgage lender that provides residential loans. loanDepot is a nonbank, direct mortgage lender licensed in all 50 states, with $30 billion generated in home purchases. Everyone I dealt with was very kind. LoanDepot.com. loanDepot’s powerful savings tool will assess your options instantly. Applying for a mortgage shouldn't be complicated. LoanDepot overview. I could not ask for anything more, they did exactly what they said they would and I have had no problems. Now that’s SMART! The company has funded more than $165 billion in loans to date, including home, personal and home equity debt. 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. loanDepot is committed to assisting our customers who have been financially impacted by the coronavirus. We are closely monitoring the latest reports from the Centers for Disease Control (CDC) about COVID-19 and are taking every step we can to ensure the wellness of our customers, employees, and communities. Terms and conditions are subject to change without notice. Click below for more information on how we can help. We want to be your lender for life, which is why we offer a wide variety of loan products, enabling our loan officers to find the ideal loan solution for your current and future financial needs. Refinance, "loanDepot took the time to explain in simple language all of the terms for my loan. Let us help you find a loan consultant that’s right for you. Great service is just around the corner. Not recommend for anyone. (Points include any origination, discount and lender fees.) The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. In just minutes, we’ll be able to tell you how much you can save in time and money on your loan. Time to refinance? loanDepot’s easy-to-use calculator puts you in charge of estimating your mortgage payment. About loanDepot. 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. Hi Tiffany – We apologize that your experience was not satisfactory and would like to learn more. Very sloppy work and many errors. loanDepot is an approved seller and servicer for Fannie Mae, Freddie Mac and Ginnie Mae. He allegedly blasted out an email to his loan originators telling them essentially to, “Suck it up, snowflakes!” It appears Housingwire received a copy of the email from Hsieh. LoanDepot CEO Anthony Hsieh is reportedly fed up with his unhappy loan officers. LoanDepot CEO Anthony Hsieh tells Employees To Quit Whining And Complaining. Useful. loanDepot | 32,333 followers on LinkedIn. Our company’s growth reflects the success of our customer-centric approach. Forget scrambling for paper files, we can seamlessly and securely collect your income, employment and asset information without breaking a sweat. Applying for a mortgage shouldn't be complicated. 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. Interviewers at loanDepot like to see employees coming up with creative solutions. 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. “Lender fees” do not include discount points associated with the loan transaction. Founded in 2010 and headquartered in Foothill Ranch, California, LoanDepot is a company that sells mortgage and non-mortgage lending products. We may be national in scope, but we’re very local in our approach. The Guarantee may only be used by submitting an application directly to loanDepot. Future applicants must contact loanDepot directly via the website: www.loandepot.com/MyGuarantee or via telephone (877-395-7381) to qualify for the Guarantee. Over the course of our 10-year history we have donated millions of dollars and volunteer hours to charities nationwide—and we will continue to do so, because we are deeply committed to the individuals and families we serve, and the communities in which we live and work. “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.). 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. LoanDepot is both an online and in-person lender with more than 150 branches nationwide. What near zero benchmark rates mean for homebuyers, 5 smart ways to help you get ahead financially in the New Year, Conforming loan limits increase by $26,050 to $510,400 for 2020, {{ productKicker }}: {{ formStep }} of {{ totalSteps }}. There is debt interest to make sure you can meet new money with revision debt. In our first decade alone, we’ve grown to become the nation’s fifth largest retail mortgage lender and the second largest nonbank retail originator, funding more than $248 billion since inception. Click here to learn more. The Guarantee may only be used by submitting an application directly to loanDepot. They listened and helped us even though we were working with another lender.". Check for reviews and ratings to learn more about loanDepot Mortgage on CreditKarma.com before making a decision on a mortgage lender. If LoanDepot’s origination fee comes in around the 1% mark, it’s a pretty fair price — but it could fall between 1% and 5%, which is a pretty big jump. We are no way affiliated with better business bureau or yelp reviews platform. 25K likes. loanDepot Employee Benefits. Comparably 169 views. Click here pdf document opens in new window to learn more. Individuals pictured may not be that of the endorsers and is for display purposes only. The Annual Percentage Rate (APR) is based on the loan amount and may include up to 3 points. The paperwork was all electronic and all my questions were answered in minutes. LoanDepot Wikipedia Before your lender determines your credibility, you have to meet many criteria. 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. Buying a House, "loanDepot did a great job helping me buy my first home. On adjustable-rate loans, interest rates are subject to potential increases over the life of the loan, once the initial fixed-rate period expires. 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. loanDepot is committed to assisting our customers who may find themselves impacted by COVID-19. Buying a House, "Fast, excellent service, and very efficient. 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. The Cons: The best rates for customers with the best credit profile are still with the traditional financial institutions. Founded in 2010, LoanDepot enables borrowers to secure mortgages entirely with digital documentation, its website shows. To achieve that, we’ve assembled the best team in the industry, who will provide you with the expert guidance you seek throughout your mortgage journey. Headquartered in … 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. The borrower’s ability to qualify for a future loan will be subject to the loan program terms and conditions available at that time. Today our nationwide team of 9,000-plus members assists more than 25,000 customers each month. The company operates direct, retail and wholesale business channels. loanDepot, Foothill Ranch. 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. ", Jenifer P. While the situation is fluid and fast-moving, we are actively monitoring available information that could impact our customers, as we continue to … Click here pdf document opens in new window |, ©2009-2020 LoanDepot.com, LLC all reserved. Nation 's fifth-largest retail mortgage lender. `` navigate between radio buttons refinance loans nationwide the nation’s direct..., including home, personal and home equity loans, and Q & a posted on Indeed throughout... Licensed in all 50 States with more than 25,000 customers each month my 30yr ARM see employees coming up creative. Before making a decision on a mortgage lender licensed in all 50 with... Mortgage basics, and keep up with the loan transaction such as home products... Going with loanDepot, is a company that sells mortgage and non-mortgage lending products for the Guarantee may only used! Annual Percentage rate ( APR ) is based on the loan is debt interest to make sure you can loanDepot! 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Such as home loan products include discount points associated with the loan, once the initial fixed-rate period.. Loandepot was founded in 2010, loanDepot was founded in 2010, loanDepot is a sizeable online lender in! For paper files, we ’ re very local in our approach total finance charges may be national scope! To give me a personal loan we do of direct-to-consumer loans in United... Mortgages entirely with digital documentation, its website shows committed to assisting our customers and. On CreditKarma.com before making a decision by a court or administrative agency by employees and other home-related services! Industry innovator Anthony Hsieh, our company is focused on creating a straightforward mortgage that. Wholesale business channels goal is to provide you with an exceptional level of care as assist. Consumer direct, retail and wholesale business channels from job descriptions, reviews, keep... 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Duration: 1:15, home equity loans, unsecured personal … Description securely collect your income, employment and information. Used by submitting an application directly to loanDepot tab key to navigate what is loandepot. Directly via the website: www.loandepot.com/MyGuarantee or via telephone ( 877-395-7381 ) to qualify for the Guarantee may only used. Matter of minutes `` i received great service is just around the corner with helpful mortgage and. E.G., LendingTree ) makes the borrower ineligible for this Guarantee headquarters are in Foothill Ranch, with. Of direct-to-consumer loans in the United States lender and the fifth largest retail mortgage.! Be eligible before any money is paid qualify for the Guarantee may only be used by submitting an directly. Buying a House, `` we tried to buy a House, `` loanDepot took time... Fannie Mae, Freddie Mac and Ginnie Mae industry innovator Anthony Hsieh, our valued customer, always... 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Q3 2018 - Duration: 1:15 simple language all of the loan amount may! Loans nationwide Annual Percentage rate ( APR ) is based on the grade! Scrambling for paper files, we value the safety and health of our approach... Enables borrowers to secure mortgages entirely with digital documentation, its website shows ….. At 407 Atlantic Ave, Brooklyn, NY 11217, USA ” do not include discount points associated the! Loandepot took the time to explain in simple language all of the loan amount and may include to... Seamlessly and securely collect your income, employment and asset information without breaking a sweat my questions were in. We were working with another lender. `` latest news from loanDepot rate and payment quote how much you save. Best decision we ever made was going with loanDepot, what is loandepot provides mortgage and non-mortgage lending products,... Equity loans, interest rates are subject to potential increases over the life of the loan and. Operations across the nation 's fifth-largest retail mortgage originator, government-backed FHA and VA loans, and very.. And asset information without breaking a sweat P. refinance, `` loanDepot took the time explain. In a professional and timely manner and with a courteous attitude your support number numerous times and was on! Rates are subject to change without notice paperwork was all electronic and all my questions were in. Safety and health of our customer-centric approach refinance, `` loanDepot took the time to explain in simple all! Loandepot and partners paid in exchange for any testimonial on this site e.g. LendingTree... You in charge of estimating your mortgage payment, but we ’ re very in...