LoanDepot Mortgage Complaint

VA mortgage Application, originator, mortgage broker

LoanDepot Mortgage department,

VA mortgage Application, originator, mortgage broker North Dakota

I recently applied for a VA Home Loan through Loan Depot. - -, Senior Mortgage Banker, ( - ) -, -- was the contact. It was -/-/2015. I agreed to pay Loan Depot $2500.00 for the origination charge with no charge to lock in the interest rate of 3.75 %. Between North Dakota 's title company and abstractor, the process of closing this loan was so slow that my loan interest rate of 3.75 % unlocked and through no fault of my own, I lost my interest rate of 3.75 %. On -/-/2015 I was forced to pay Loan Depot a higher origination fee of $2600.00 PLUS an additional fee of $1300.00 to secure a HIGHER rate of 3.875 %. - -, Sr. Account Manager III, ( - ) - tel/fax, ( - ) - ext. -, -- dealt with North Dakota 's title company and abstractor. The amount of time it took for - to get the paperwork in order was very slow. Loan Depot knew the delays on - - 's application were outside the control of both parties '', but they went ahead and raised my rate and hit me with new charges anyway. I considered that unethical but I signed out of fear they would raise the rate even more. Knowing the delays were beyond both parties, why am I the one paying for the delays while Loan Depot is collecting additional interest, higher fees, and additional fees? See also : Case number : -

LoanDepot customer in North Dakota
Aug 11, 2015

* Source: CFPB Complaint Database

LoanDepot response to complaint:
Closed with explanation

Consumer disputes how LoanDepot handled their complaint

Get Help

Get personal financial help today. Free tools, resources, and support you need.

Help Me

File a complaint

Submit a complaint with the Consumer Financial Protection Bureau today

File Complaint

Stop Phone Calls

Stop the phone calls, learn how to stop harassing phone calls

Stop Calls

Loading similar complaints

{{x.COMPANY}} {{x.ISSUE}} {{X.SUB_ISSUE}}

{{x.COMPLAINT_WHAT_HAPPENED | preview}}...

Read more