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LoanDepot mortgage review 2024

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
LoanDepot offers cash-out and rate-and-term refinancing, as well as home equity loans and lines of credit. LoanDepot scored below average on J.D. Power's 2024 Mortgage Origination Satisfaction Study but ranked well above average for mortgage servicing, which involves managing the loan after closing.
The article from CNBC Select provides a comprehensive review of loanDepot, one of the largest non-bank retail mortgage lenders in the U.S. It highlights loanDepot's offerings such as conventional loans, FHA loans, VA loans, jumbo loans, and HELOCs, with a focus on their digital-first approach to mortgage lending. The review discusses loanDepot's mello smartloan platform, which streamlines the mortgage application process, offering features like online pre-approval and a digital closing process. It also covers the company's customer service, noting that while they provide 24/7 support, some customers have reported issues with responsiveness. Additionally, the article mentions loanDepot's competitive rates, various loan options tailored for different needs, and their commitment to providing a seamless online experience. However, it points out potential drawbacks like higher fees compared to some competitors and mixed customer reviews regarding service quality. The review concludes by suggesting that loanDepot could be a good choice for those looking for a tech-savvy lender with a wide range of loan products, but advises potential borrowers to consider customer service feedback and compare fees.

Read the Full CNBC Article at:
[ https://www.cnbc.com/select/loandepot-mortgage-review/ ]