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Can anyone comment on Loan Depot experience recently? I saw some people mention in the past of locking with them but nobody responded whether they actually closed or not. I'm thinking about refinancing with them.  Are they sneaky with fees and who did they sell the loan to? Thanks

It?s been crickets. No approval. No denial. No phone call. Emails go unanswered from the loan officer. They were super quick and response by email and phone call to collect paperwork and lock in the rate and e-sign. From that point on, it?s downhill. I searched Yelp and clearly this situation is...

5 weeks 1 day in with interactive and although my rate lock expired already and they verbally promised to extend it on their own dime, they?ve blown me off.  No response from the officer or processor. been given the run-around that ?it?s been submitted to uw?. weeks go by and just crickets. i...

Recently I?ve been hearing that brokers are requiring that you agree to a 6-month prepayment penalty if you refinance through them. If that is the case, one should turn around and run as fast as possible out of the door. Who would agree to a 6-month pre-pp when rates are so volatile? Nobody has...

What happens when lender B tries to pay off lender A who has already transferred the loan? You first refinance with lender A who plans to transfer your loan within 30 days after close. So after you closed with lender A, you start a second refinance with lender B a couple days later. Lender B...

correct me if i'm wrong but my understanding was that these mortgages are bundled and sold together to fannie and freddie, not per individual mortgage per investor? 

I am now on my third refinance, having just paid off the 2nd bank in the middle in which the loan was a hair tad under 30 days. I did not even make a mortgage payment to them. Now, my 3rd lender is possibly going to be paid off within 30 days by the 4th lender. How would any of them lose...

good lord. So just closed Owning on the 25th this week. If this is true @2.375%, I might do it another refinance for the 3rd time this year! this will save me grocery money.

wow what a headache! I closed my second refinance for the same home in the SAME month and let me tell you of the problems you could run into. I refinanced back in late June and closed and funded July 31th. Then, immediately that weekend, August 2nd, I opened a loan application again with...

it looks like today owning adjusted their rates up big time due to the 0.5% hit from fannie.

thank you for the feedback- i can sleep better now that there's a chance it will not be SLS.

the only blunder is that i heard they use SLS loan servicing which i have discovered is a terrible servicer. can anyone shed light on this, perhaps who is your servicer now for Owning?