LoanDepot Mortgage Evaluation/Review 2023 – The Easy Greenback

LoanDepot Mortgage – LoanDepot was based in 2010 and has shortly turned out to be one of many greatest names within the mortgage market. In 2020, the lender originated greater than $100 billion in residence loans, serving to greater than 84,000 homebuyers with purchases and greater than 209,000 owners refinance. The lender gives an end-to-end digital course, however, debtors may get in-person help at greater than 200 branches throughout the U.S.

The lender claims it could actually beat trade common closing occasions by 50 p.c. In October of 2021, the lender expanded past serving to you discover a mortgage with a brand new Grand Slam bundle (a nod to its sponsorship because the official mortgage supplier of Main League Baseball). For those who use a matched actual property agent, save your own home mortgage with LoanDepot, and select its title and owner’s insurance coverage providers, you’ll be eligible for as much as $7,000 again at closing a digital residence safety system and another perk.

Breakdown of LoanDepot evaluation rating

  • Affordability: 14.75/15
  • Availability: 14/15
  • Borrower expertise: 10/10

Pros and Cons


  • Waives charges for current prospects who refinance
  • Gives a wholly digital course from utility to shut
  • Greater than 200 branches throughout the nation


  • Charges and charges not accessible on-line
  • No USDA loans

Good for 

Debtors who desire digital mortgage expertise with the choice to hunt in-person help in greater than 200 areas throughout the U.S.


LoanDepot is accredited by the Higher Enterprise Bureau with an A+ score. Based mostly on greater than 3,400 buyer critiques on Trustpilot, the lender scores 3.6 out of 5 stars. When it comes to originating loans, LoanDepot scored 844 out of a 1,000-point index (12 factors under the trade common) in J.D. Energy’s most up-to-date buyer satisfaction rankings. Debtors are extra happy with the lender’s method of servicing mortgages: It completed eighth in J.D. Energy’s 2021 buyer satisfaction examination, scoring 18 factors above the trade common.

Refinancing with LoanDepot

You’ll be able to refinance your current mortgage with LoanDepot. The lender gives a Lifetime Assure program: Finance one mortgage with the corporate, and it’ll by no means cost you a price for an additional refinance on the identical property. Plus, you’ll get your appraisal price reimbursed. For those who’re brand new buyers, you’ll have to ask a mortgage officer about refinance charges and prices, as they aren’t listed online.

Evaluation methodology 

To find out a mortgage lender’s SimpleScore, The Easy Greenback’s editorial workforce charges lenders on a scale of 1 to 5 stars primarily based on quite a lot of components regarding the lender’s services and products. The Easy Greenback’s companions compensate us, however, our opinions are personal, and companion relationships don’t affect our critiques. Right here is our full methodology.

LoanDepot Mortgage
LoanDepot Mortgage
LoanDepot Mortgage
LoanDepot Mortgage

Click on right here to learn the remainder of LoanDepot’s shopper critiques.

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