LoanDepot Mortgage Complaint

Conventional fixed mortgage Application, originator, mortgage broker

LoanDepot Mortgage department,

Conventional fixed mortgage Application, originator, mortgage broker Florida

I applied for a loan with Loan Depot -. The process was a nightmare but I have a specific complaint about the loan. Loan Depot sells the loan to a 3rd party. They approved and funded '' the loan on - -. That is when I started paying interest on the new loan. However they did not pay of the old loans until - -. I was charged duplicate interest for the loans during that period of time. I should not have to pay interest on a new loan until they actually fund the loan and pay off the old loans.

LoanDepot customer in Florida
Jul 09, 2015

* Source: CFPB Complaint Database

LoanDepot response to complaint:
Closed with explanation

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