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 scam?
loanDepot is a scam and a bad service provider as per the report filed on They are not aggressive towards their customer satisfaction and complaint grievance.
Is loanDepot legit?
First loanDepot is not a legit business owner or provider. You must take necessary precautions/measures before buying or using their services.
How many reviews are submitted by loanDepot’s consumers?
There is/are 18 review(s) posted about loanDepot and it indicates that the severity of the scam is High.
Where is loanDepot located?
loanDepot is located at 407 Atlantic Ave, Brooklyn, NY 11217, USA. You can contact loanDepot by dialing (646) 586-5608 or visit their website before filing a lawsuit. We are no way affiliated with better business bureau or yelp reviews platform.
How much monetary loss is incurred by loanDepot’s customers?
According to the report(s), US $600 was the total loss incurred by loanDepot’s customers.

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18 Reviews on loanDepot

  1. 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.

  2. They should ALLBEJAILED!!!

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

  3. 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.

  4. Very helpful through the long process of purchasing our first home.

    Excellent team, answered all our questions clearly. Very helpful through the long process of purchasing our first home.

  5. I would recommend Dean and loanDepot to anyone who's looking for a new mortgage.

    We just bought our dream home 3 months ago, here in Crestwood, Westchester, and it was all made possible by Dean Curtis and his ” LoanDepot” excellent team.. Dean is extremely knowledgeable and passionate on what he does. The house we just bought, our dream house turned out to be desired by many buyers, making the deal more difficult for us. We got to the point that we were about to give up.

    Dean and his great team came to the rescue; he always has a solution, plan B. I can’t say enough about our experience with Dean. Dean is the mortgage mastermind, he is very knowledgeable about financing options, he is very quick, very professional and he reaches out to his clients, making sure that their needs are covered on the best way possible. I would recommend Dean and loanDepot to anyone who’s looking for a new mortgage.

  6. Excellent team

    Excellent team, answered all our questions clearly. Very helpful through the long process of purchasing our first home.

  7. loanDepot

    100% scam. I estimate my house for 320k, the asked me to hire appraisal. appraisal estimated for 315k. the difference is 1.7%………that’s it they called my application!!! ……..they did all that to make me pay 500 dollars to the appraisal.

  8. Most importantly, he found us an AMAZING rate, and in the end

    My wife and I just refinanced with Adam and I can’t speak highly enough of him, Robert, Steven and the entire team. They were attentive and professional throughout the process, even when there were a couple unexpected turns.

Reported Loss :600 $
Severity of Scam :High
Reported by : Anonymous
Views :