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Prior to being with loan depot I bought a home and also an investment property.I have been a homeowner for 16 years and refinanced many times and know the process.

LoanDepot will give you zero communication except to collect your money. I believe they’re in collusion with their appraisal company. Their appraiser made so many mistakes my property was valued $30-50k less than it should be appraised for. But they cashed my $475 appraisal check and guess what?

A week later I got a letter stating I could refinance and ADD $20k to my loan to get the lower interest rate.Scam artists.

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Anonymous
#1389533

Why would you pay for an appraisal before the deal was closed?

Anonymous
to Tom #1402795

Good point Tom!

I'm thinking Idiot Alert!

What do you think Tom?

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