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LoanDepot Mortgage Evaluate 2021 – The Easy Greenback

SCORE: 3.9

By David McMilin

LoanDepot Mortgage Evaluate 2021 | The Easy Greenback


3.8 / 5.0

SimpleScore LoanDepot 3.8


LoanDepot was based in 2010 and has rapidly grow to be one of many largest names within the mortgage market. In 2020, the lender originated greater than $100 billion in dwelling loans, serving to greater than 84,000 homebuyers with purchases and greater than 209,000 owners refinance. The lender presents an end-to-end digital course of, however debtors may also get in-person help at greater than 200 branches throughout the U.S. The lender claims it will probably beat trade common closing instances 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). Should you use a matched actual property agent, safe your property mortgage with LoanDepot and select its title and owners insurance coverage companies, you’ll be eligible for as much as $7,000 again at closing a digital dwelling safety system and another perks.

Breakdown of LoanDepot overview rating

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

Execs and cons

  • Waives charges for present prospects who refinance
  • Affords a wholly digital course of from utility to shut
  • Greater than 200 branches throughout the nation
  • Charges and costs not accessible on-line
  • No USDA loans

Good for 

Debtors who need a digital mortgage expertise with the choice to hunt in-person help at greater than 200 places throughout the U.S.


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

Refinancing with LoanDepot

You possibly can refinance your present mortgage with LoanDepot. The lender presents a Lifetime Assure program: Finance one mortgage with the corporate, and it’ll by no means cost you a payment for an additional refinance on the identical property. Plus, you’ll get your appraisal payment reimbursed. Should you’re a brand new buyer, you’ll have to ask a mortgage officer about refinance charges and prices, as they don’t seem to be listed on-line.

Evaluate methodology 

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

Click on right here to learn the remainder of LoanDepot’s client evaluations.



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