What company owns loanDepot?
LoanDepot, sometimes stylized as loanDepot, is a Lake Forest, California-based holding company which sells mortgage and non-mortgage lending products….loanDepot.
| Type | Public |
|---|---|
| Industry | Mortgage lending |
| Founded | 2010 |
| Founder | Anthony Hsieh |
| Headquarters | Lake Forest, California , U.S. |
How much do loan officers make loanDepot?
Average loanDepot Loan Officer yearly pay in California is approximately $111,226, which is 36% below the national average.
Is loanDepot a lender or broker?
As a direct lender, loanDepot says it can deliver low mortgage rates (depending on your credit score) and get you to the closing table 50% faster than the industry average. The company offers several types of mortgage loans, including conventional mortgage loans, jumbo loans, FHA loans, and VA loans.
Is loanDepot a good place to work?
loanDepot is the best company to work for in the mortgage industry. The company offers competitive compensation, unlimited leads, and great support to ensure that each one of its LLOs has an opportunity to succeed. I’ve been with the company for over five years and my life has sincerely changed for the better.
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®.
Does LoanDepot sell their loans?
Applicants can either receive in-person help at more than 200 branches nationwide or complete the mortgage process entirely online. LoanDepot is headquartered in Foothill Ranch, California, and offers conventional loans, government-backed mortgages, renovation loans, and refinance loans.
Does loanDepot sell their loans?
How much do underwriters make at loanDepot?
How much does an Underwriter make at loanDepot in the United States? Average loanDepot Underwriter yearly pay in the United States is approximately $77,451, which meets the national average.
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.
What credit score does LoanDepot use?
Borrowers need a minimum FICO score of 580 to qualify for a 3.5 percent down payment. If your FICO score is between 500 and 579, a 10 percent down payment is required.
Can a loan be denied after closing?
Can a mortgage loan be denied after closing? Though it’s rare, a mortgage can be denied after the borrower signs the closing papers. For example, in some states, the bank can fund the loan after the borrower closes. “It’s not unheard of that before the funds are transferred, it could fall apart,” Rueth said.
Who is president of loanDepot?
Anthony Hsieh
Anthony Hsieh serves as the CEO / President of loanDepot.
How to contact loan depot?
Contact Loan Depot customer service. You can call Loan Depot at (855) 328-6173 toll free number, write an email, fill out a contact form on their website www.loandepot.com, or write a letter to LoanDepot.com, LLC, 26642 Towne Centre Drive, Foothill Ranch, California, 92610, United States.
How does LoanDepot work?
loanDepot uses its proprietary technology to provide borrowers with unsecured personal loans; often times at rates much lower cost than traditional credit cards. Borrowers can use the proceeds to pay off high interest credit cards, consolidate debt, make improvements to their home or take that long needed vacation.
Is the loan depot reputable?
Is LoanDepot Reputable? LoanDepot earns an A-plus rating with the Better Business Bureau, and Trustpilot scores loanDepot 3.5 out of 5 stars but an overall Average rating. The Consumer Financial Protection Bureau received 276 mortgage-related complaint in 2020 about loanDepot’s parent company, LD Holdings Group.
Is loan depot legitimate?
LoanDepot is a legitimate lender that’s licensed to offer a variety of home loans and refinancing services. Like many reputable lenders of its size, the company has both positive and negative reviews.