Loandepot a Review report

Having 20 plus years as a realestate co, with over many full time agents..
Having dealt with the same loan officer in various lenders this is the worst loan co we have dealt with.
Never mind the fact that they are one of the oldest online lenders... Online experience will not translate to human contact and TACT... (The officer is human the Co is NOT)
They will not move forward with the file such as when there is an issue with the credit report even if the potential borrower earns over a million per year.   This will cause delays
They will NOT order an Appraisal to the property while any issue is pending, (Signature or an Addendum) This will cause a delay in the contract deadlines... needing extensions.
Major Issue or Problem.. They have no SAY on WHO does the Appraisal... In our case the sent a NOVICE appraisal to evaluate a UNIQUE REMODELED property. The appraisal to the property came to the same price as the most recent sale needing COMPLETE REBUILDING..
If you are a real estate agent looking for a loan solution and a straight forward loan...
STAY AWAY FROM Loan Depot...
Don''t believe this issue? Good for you Read the reviews at CREDIT KARMA. Link below
https://www.creditkarma.com/reviews/mortgage/single/id/loan-depot-mortgages

https://www.loandepot.com/

Good luck with your loan
Abraham Ben Judea

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