LoanDepot Mortgage Review

High interest rate

I closed on this loan earlier pay it off but they still charge me interest for the whole month. This is not cool will never get a loan again.

None · None

From Lender Transition to Closing in Just 37 Days — An Incredible Team

My experience with loanDepot deserves more than a simple five-star rating because there is a much bigger story behind this closing. I was purchasing a four-unit property using an FHA 203(k) renovation loan, so this was already a more involved transaction than a traditional mortgage. On top of that, my financing originally began with another lender. When it became necessary to transition lenders in the middle of an active real estate transaction, there was a very real concern that the additional time and complexity could create major delays or potentially jeopardize the transaction altogether. Then the loanDepot team stepped in. We officially pulled the trigger with loanDepot on August 9, 2026 and I sat at the closing table on September 15, 2026, August 9 → September 15 → 37 days → CLOSED! Considering the circumstances, that accomplishment says a tremendous amount about the people who worked on my loan. I especially want to recognize Joshua, David, Vivien, Cyndie, Julie; and Nancy. And there were undoubtedly people in underwriting, processing, closing, renovation lending, and other departments whose names I may never know. To every person who touched my file and helped move it forward: thank you. What impressed me most wasn't that everything went perfectly. Complicated real estate transactions rarely work that way. There were underwriting requirements, documents, deadlines, questions, last-minute requests, moving pieces, and hurdles that had to be addressed. What impressed me was how the team responded when those challenges appeared. They communicated. They problem-solved. They followed up. They coordinated with one another. Most importantly, they continued working toward a solution rather than allowing an obstacle to automatically become the end of the transaction. And again, thank you to the underwriters, closers, processors, managers, and everyone else whose work may not always be visible to the borrower. A successful closing doesn't happen because of one person it takes an entire team. There were plenty of moments throughout this journey when I was watching deadlines closely and wondering what the next hurdle might be. That's why finally sitting at the closing table meant so much. For me, this wasn't simply another mortgage transaction. This was becoming a property owner. It represented months of work, persistence, paperwork, financial preparation, uncertainty, and refusing to give up on something I wanted to accomplish. Receiving those keys represented the beginning of an entirely new chapter for me. And loanDepot helped me get there. Another thing I appreciated was that the relationship didn't simply end when the documents were signed. Because this is an FHA 203(k) renovation loan, closing is really the completion of one phase and the beginning of another. I now have the rehabilitation process ahead of me, including working through the renovation funds, material draws, inspections, contractor payments, and ultimately completing the improvements to the property. Knowing that there is still a team available to help me understand and navigate that process gives me additional confidence going into this next phase. If you're reading this review because you're considering loanDepot particularly for a transaction that isn't completely straightforward my experience showed me the value of having people who are willing to communicate, stay persistent, and work through problems when they arise. I started this chapter uncertain about whether transitioning lenders in the middle of my transaction would work. Thirty-seven days later, I walked away from the closing table as a property owner. That is something I will never forget. To the entire loanDepot team: thank you for your persistence, patience, communication, problem-solving, and all of the work that happened both in front of me and behind the scenes. You didn't just help close a loan. You helped me reach a major milestone in my life. Now it's time for the next chapter: turning this property into everything I know it can become. 37 days. Closed. Keys in hand. Mission accomplished.

AJ · Chicago IL

Love these guys !

Emanuel Scordos is calm and not pushy . It's been great working with him on a REFI and he works hard ! Highly recommend him ! Very professional. He doesn't treat you like he's in a hurry and can't wait to make a commission. I've been with Loan Depot 9 years, and yes I tried other Mortgage.

Nike B. · Ohio