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loanDepot

4.0

About this business

loanDepot is the nation's fifth-largest retail mortgage lender and second-largest nonbank consumer lender. Based in Orange County, California, loanDepot was the first nonbank lender to offer home, personal and home equity loans. 

Location details

26642 Towne Centre Dr, Foothill Ranch, CA, 92610, United States

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WeekdayScheduleStatus
Mon9:00 a.m. to 5:00 p.m.
Tue9:00 a.m. to 5:00 p.m.
Wed9:00 a.m. to 5:00 p.m.
Thu9:00 a.m. to 5:00 p.m.
Fri9:00 a.m. to 5:00 p.m.
SatClosed
SunClosed
4.05,902 reviews
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Shauna P.'s profile image
Shauna P. 
6 years ago

Our experience with Loan Depot has been awful. I have never had such a bad experience with a lender. We have had several issues. The refinance process went well but we have had issues with payments almost every month since. Our very first payment was paid through our bank and that was cashed without a problem by loan depot. The next 2 months of payments were sent out on time the same way but loan depot said they did not receive them. The money was taken from our account so we did not want to pay twice so we waited to see wha... read more

Business response:

Dear ******, Thank you for sharing your feedback. We would like to learn more about your situation, please contact Customer Care at 888-337-6888 x6789. 

Dina G's profile image
Dina G 
6 years ago

We were very happy with both men who assisted us. They kept us informed every step of the way. We had Adam ****** and Jeffery ******. Everything was completed within 30 days which was sooner than we thought. We are very pleased with LoanDepot and we highly recommend them. 

Business response:

Dear ****, we appreciate the time you took to provide your feedback and thank you for allowing loanDepot to provide you with excellent service. 

ramy a's profile image
ramy a 
6 years ago

they waste your time!! they call you and they told you that they can give you an offer on your home refinance. you give them all the information they ask for and they told you will call you back with the offer and you will never hear back from them and after 5 calls and cold transfer from one department to another you find out that you been declined after they assure you that you will have pre-approval but all you get hard credit pull for nothing. just don't answer their call and save your time and credit score 

Business response:

Dear ****, Thank you for sharing your feedback. We would like to speak to you regarding this matter. Please contact Customer Care at 888-337-6888 *****so that we can learn more. 

Ryan S.'s profile image
Ryan S. 
6 years ago

I debated giving any star. I went through the refinance process with Loan Depot. Their fine print said I would get a $450 assessment fee if the refinance didn't work out. The paperwork didn't give any exceptions to this. Therefore I went ahead and agreed to get the assessment. Well it turns out they didn't approve my refinance and stole $450 from me, refused to refund it. Stating it was my "specific situation" that prevents the $450 being refunded. Again, nothing in their fine print said anything about specific situations. I... read more

Business response:

Hello, Ryan. Thank you for sharing your feedback. We would like to learn more about your experience, please contact Customer Care at 888-337-6888 X6789 to discuss this further. 

Steve P's profile image
Steve P 
6 years ago

We used Loandepot at first my wife was really worried but we went ahead and all turned out well. They were great to work with and helped me along the way to make sure I knew what was going on. The even worked with us when I had a motorcycle wreck and it almost messed thigs up but we got through it all. 

Business response:

We appreciate the time you took to provide your feedback and thank you for allowing loanDepot to provide you with excellent service. 

SHB's profile image
6 years ago

My experience with LoanDepot was seamless, easy, quick, communicative, and all positive. I've already referred them to a friend. Everyone I worked with was great. The closing costs were high but I knew that going into it. The ease of doing everything online was worth the higher cost (vs. what I would have paid had I used a local bank). I would use them again! 

Business response:

We appreciate the time you took to provide your feedback and thank you for allowing loanDepot to provide you with excellent service. 

holdtran's profile image
holdtran 
6 years ago

On July 26 2017, we (HOLD TRANSLATIONS) sent to Loan Depot, 4800 N Scottsdale Rd, Ste 3800, Scottsdale, AZ 85351 our invoice *****of $380.00 fot translation services, which is unpaid as of November 19, 2018. How can BBB assign a rating of A+ to a business that is unwilling or unable to pay a small debt? 

Business response:

Hello *******. Thank you for sharing your feedback, we would like to learn more. Please contact Customer Care at 888-337-6888 X6789 for assistance with this matter. 

Joe T's profile image
Joe T 
6 years ago

Although my experience was great in receiving the loan, paying the loan back is extremely archaic. I was used to I am trying to get my finances straight by making bi weekly payments but I have to pay a month in advance to do it. Even though the entire payment made it to Loan depot by the due date. Their system can not take partial payments. I will definitely be shopping for a new provider as soon as it is beneficial for me to do so. 

Business response:

Hello ***. We apologize for your experience and for any inconvenience this may have caused. Customer feedback is taken very seriously at loanDepot. We will review your communication and use your feedback to look at opportunities for improvement moving forward. If you wish to further discuss, please contact Customer Care at, 888-337-6888 ext. 6789. 

Kris A's profile image
Kris A 
6 years ago

These folks couldn’t have made the loan process any easier, helpfully, quick to respond to questions, explained everything thoroughly, and followed through. My wife & I choose the right loan company for us, thanks again Loan Depot 

Business response:

Thank you for your feedback and for allowing loanDepot to provide you with excellent service! 

Frequently asked questions about loanDepot

How is loanDepot rated?

loanDepot has a 4 star rating with 5,902 reviews. 

When is loanDepot open?

loanDepot is open now. It will close at 5:00 p.m.  

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