4/29/2010 10:24 AM (PST)

I'm suddenly very cautious. loanDepot says they can save me nearly $400 @ mo. Another lender (Quicken) says no one will do this loan because the debt-to-income ration is too high. I Googled loanDepot and see complaints made that information is given, promises are made, then come the excuses and you're out the Ap. fee. I also see that loanDepot has been a BBB member only since Dec '09, just a few months ago. I'm now quite skeptical. Anybody else?

4/29/2010 12:21 PM (PST)

I'll answer my own response above. I contacted loanDepot again and had all my questions answered immediately and satisfactorily. They are the underwriters so they don't have to go anywhere else for the money. I am moving forward with my loan through them and have confidence in the company.

7/2/2010 12:28 PM (PST)

loan depot told me i needed 1350 to close my loan. gave me a great rate. I sent them the 495 application fee then they told me i needed 3000 dollars more to make the loan happen. there goes 495 dollars. moral of story. dont trust loan depot they will tell you any thing they can to get you tosend them money

11/1/2010 7:50 AM (PST)

They ripped me off. I was assured that I would get a refund if the loan didn't go through. all through the process they reassured me that it was practically a done deal. I increased the insurance on my house, faxed in many many pages of documentation. I ended up spending over $1000.00 to get everything up to par for their requirements, and in the end when it didn't work out (the reason was I work for a technology placement firm so my job is classified as temp work) They left me hanging. their website says they return your message within 24 hrs. It's been over a week. I'm not holding my breath. They also changed their tune on the refund.