What Is Loan Depot


Powered by mello® Technology

Our main goal is to provide you with a digital mortgage experience that makes it easy and quick for us to assist you. Every loan transaction is powered by our in-house mello® software platform. Combined with our mello smartloan, an end-to-end fully digital mortgage that can, in most cases, collect your income, employment, and asset information seamlessly and securely, we can make sure that your interactions with us are simple, quick, and hassle-free.

You Are a Customer for Life

Our mission is to help you reach your financial objectives while offering you the highest caliber of care possible. In order to do that, we’ve put together one of the top teams in the business, who will offer you the knowledgeable direction you need throughout the mortgage process. Everything we do is driven by your satisfaction with our service and your faith in us.

We’re Also Here for Our Communities

One of the guiding principles of our business is giving back to the communities we live in and serve. Most recently, we gave $3 million to help first responders, medical professionals, support staff, and families and children who were directly affected by the COVID-19 pandemic. We have given millions of dollars and volunteer hours to charities across the country during the course of our 11-year existence, and we will keep doing so because we have a strong commitment to the people and families we serve as well as the communities in which we live and work.

With the help of loanDepot’s user-friendly calculator, you can determine how much your mortgage will cost.

Is it time to refinance? loanDepot’s robust savings tool will evaluate your possibilities in real time.


What does loanDepot do?

LoanDepot offers both rate-and-term and cash-out refinancing options. The lender also provides a program called Lifetime Guarantee, which states that if you get a loan or mortgage from them, they will never charge you fees to refinance the same property again. Plus, you’ll get your appraisal fee reimbursed.

Is loanDepot a legitimate lender?

With the ability to lend money to borrowers in all 50 states, LoanDepot has expanded to rank among the biggest mortgage lenders in the S. since the company’s founding in 2010.

What’s the minimum credit score for loanDepot?

What is the lowest credit score that LoanDepot will accept? For conventional mortgages, LoanDepot requires a minimum credit score of 620, and for FHA loans with a 3 point differential, it is 580. 5% down payment or 500 with a 10% down payment.

What is going on with loanDepot?

LoanDepot notified the Attorney General’s Office of New Hampshire in April 2023 that it had been the victim of a phishing attack in early August 2022. Chief risk officer of loanDepot Joseph Grassi notified the authorities in New Hampshire that four employees’ email accounts had been compromised by hackers.

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