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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 shortly grow 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 householders refinance. The lender affords an end-to-end digital course of, however debtors also can get in-person help at greater than 200 branches throughout the U.S. The lender claims it could actually beat business common closing instances by 50 %. In October of 2021, the lender expanded past serving to you discover a mortgage with a brand new Grand Slam package deal (a nod to its sponsorship because the official mortgage supplier of Main League Baseball). For those who use a matched actual property agent, safe your house mortgage with LoanDepot and select its title and householders insurance coverage companies, you’ll be eligible for as much as $7,000 again at closing a digital residence safety system and another perks.

Breakdown of LoanDepot overview rating

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

Professionals and cons

  • Waives charges for present prospects who refinance
  • Affords a completely digital course of from software to shut
  • Greater than 200 branches throughout the nation
  • Charges and charges 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. Primarily based on greater than 3,400 buyer critiques on Trustpilot, the lender scores a 3.6 out of 5 stars. When it comes to originating loans, LoanDepot scored 844 out of a 1,000-point index (12 factors beneath the business 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 research, scoring 18 factors above the business common.

Refinancing with LoanDepot

You possibly can refinance your present mortgage with LoanDepot. The lender affords a Lifetime Assure program: Finance one mortgage with the corporate, and it’ll by no means cost you a price for one more refinance on the identical property. Plus, you’ll get your appraisal price reimbursed. For those who’re a brand new buyer, you’ll have to ask a mortgage officer about refinance charges and prices, as they aren’t listed on-line.

Evaluate 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 elements referring to the lender’s services. The Easy Greenback’s companions compensate us, however our opinions are our personal, and associate relationships don’t affect our critiques. Right here is our full methodology.

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



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