They are not loyal to their customers for repeat business

they are not loyal to their customers for repeat business. I am an investor and serviced my first investment property with loan depot. My property was appraised at 225k and I was seeking half that to refinance to a traditional mortgage. It was a long 2 month grueling process that eventually got done.

To keep things simple I went back to loan depot thinking ok we have a relationship now all of my things are on file this should be easy…. I was terribly wrong. It was now a 3 month process of sending receipts, bank statements from tenants because I prefer to accept rent in cash or PayPal.

I gave them every single piece of document they asked for only for some in-experienced loan officer come back to tell me Underwrighting didn’t approve the loan because it doesn’t meet “investor standards” that is a load of crap.

But I thank them because when they were given me the run around I sought out a small local bank. And they are happy to do business with me cashing me out for 104K!!!

I urge you to do business where you live with local banks. They will work for you and believe in building relationships unlike this online things that take your money for apprasials and waste your time!

Is loanDepot a legit?

loanDepot is not running a legit business. They are not aggressive towards customer satisfaction and complaint grievance redressal, Hence 19 consumer[s] submitted negative ratings, and only a few left positive feedback.

Where is loanDepot located?

loanDepot is headquarted at Atlantic Avenue 407 NY US. You can contact loanDepot by dialing (646) 586-5608 or visit their website

How much monetary loss is incurred by loanDepot’s customers?

According to loanDepot’s customers, a monetary loss of US $600 has been reported. The severity of entire incident reports is high.

Write a review or complaint on loanDepot

Your email address will not be published. Required fields are marked *

19 Reviews on loanDepot

  1. false lead to get my info

    After the false lead they kept calling. I don’t know how they did it but they froze my phone so I can’t hang up or turn off my phone. Don’t answer or try to dismiss the call or this could happen to you.

  2. I suggest you block their number.

    For called around 6 times nonstop during work and told them to stop calling. For a voice mail and they didn’t stop until I let them speak then told them to fuck off.

  3. They should ALLBEJAILED!!!

    They are all piers and should be put in jail. They made fools of us……..and I didn’t like it

  4. David and Jim are excellent!

    David and Jim are excellent! I was a first time buyer (with a working visa) and had many questions, they helped me throughout the entire process.

Reviews: 19
Reported Loss : 600 $
Severity : High
Reported by : Anonymous
Views :