Can LoanDepot be trusted?

Can LoanDepot be trusted?

LoanDepot is accredited by the Better Business Bureau with an A+ rating. Based on more than 3,600 customer reviews on Trustpilot, the lender scores a 3.7 out of five stars.

Is LoanDepot a real company?

Licensed to lend to people in all 50 states, LoanDepot has grown to become one of the largest mortgage lenders in the U.S. since the company’s founding in 2010. The lender offers a number of different mortgages, including low down-payment options that can be great for first-time homebuyers and refinancing.

Is LoanDepot accredited?

LoanDepot is accredited by the Better Business Bureau and has an A+ rating. Trustpilot scores loanDepot 3.7 out of 5 stars, an average rating.

What kind of company is LoanDepot?

LoanDepot, sometimes stylized as loanDepot, is a Lake Forest, California-based holding company which sells mortgage and non-mortgage lending products. In 2015, the company claimed to be the second largest non-bank provider of direct-to-consumer loans in the United States.

Is LoanDepot FDIC insured?

Is LoanDepot FDIC-Insured? LoanDepot does not appear to be FDIC-insured, most likely because they’re not a bank.

How long does LoanDepot take to close?

Once the loan documents are signed and delivered back to us, your loan will close in 3 to 5 days. If you are pulling cash out of the equity in your home, you will receive your funds 1 to 3 days after your loan closes. For more details, please visit our Refinance process Refinance process link page.

Is LoanDepot federally regulated?

All of our mortgage bankers are SAFE Act licensed and registered and we’re compliant with all federal and state licensing and lending policies.

Who is LoanDepot owned by?

Anthony Hsieh
Anthony Hsieh is the founder and CEO of California-based mortgage lender loanDepot. He founded loanDepot in 2010 and took it public in February 2021; he owns 54% of the company, which has a 2% float on the New York Stock Exchange.

What LOS does LoanDepot use?

LoanSphere Empower®
Empowering Disruption with Technology loanDepot selected the Black Knight Financial Services Loan Origination System (LOS), called LoanSphere Empower®.

What LOS does loanDepot use?

How long does loanDepot take to close?