LoanDepot Company was founded by Anthony Hsieh, an entrepreneur in 2010. He is also a founder of another mortgage company Home Loan Center acquired by LendingTree and LoansDirect, recently acquired by E*Trade. The products of the company are home equality loans, FHA, jumbo, fixed-rate, and also negative amortization products and ARM (adjustable rate mortgages) that are more controversial. In November 2015, the poor market conditions are cited with the postponed IPO plan by the company.
In March 2017, the loan process was automated by introducing a new technology by the company. It allows the customers to process the mortgage loan without speaking with the loan officer. In 2018, two new products were launched by the company with the help of its technology platform:
- Mello Home: a new platform connecting both realtors and the pre-approved buyers.
- Mello: A home improvement process allowing customers to get financed from the contractors.
In 2019, the Century 21 Redwood Realty partnered with LoanDepot Company to create a new mortgage platform that is available for the Mid-Atlantic area customers.
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Loan Administration Process
LoanDepot customers are allowed to access their mortgage loan account through the online portal with the help of the LoanDepot Loan Administration official access portal. Customers are allowed to view their mortgage statement, payments, recent loan activity, escrow, taxes, insurance, and as well as other site benefits and features.
The loan portal is secure and safe for allowing the users to register and manage their loan account through their mobile phone or computer with a stable internet connection at any time and anywhere with your convenience. This is a free service offered by the LoanDepot Loan Administration website. It is not required to process any payment or additional cost for utilizing these services.
LoanDepot Loan Administration Portal – Registration Process
As a new user, it is mandatory to register for an account to gain authorized access to your loan account or loan portal. It is a simple registration process and will not take much more of your time. You should have your Loan or Mortgage information in handy for initiating the LoanDepot Loan Administration account registration. Follow the below steps for creating a new account:
- Open up a web browser and visit the LoanDepot Loan Administration Portal official website.
- On the home page, press the “Register Now” icon.
- Input your 9-digit SSN number (Social Security Number)
- Input your 10-digit Loan number (it is important that you should input the numbers along with all leading zeros).
- After providing the required information, press the Submit icon.
Once the account is verified, it will redirect to the Security section. Input the entire mandatory fields and fill the requested fields. Now, you are allowed to create your account login credentials such as Username or User ID, Account Password, and successfully create your online loan or mortgage account.
LoanDepot Loan Administration Portal – Login Process
It is an easy and simple process to access your loan or mortgage account with the help of the LoanDepot Loan Administration Portal. Only two details are required for completing the login process. Follow the below steps to log in to your Loan account:
- Open up a web browser and visit the LoanDepot Loan Administration Portal official website.
- On the existing home page, press the Login icon.
- Input your account username or User ID and its respective account password.
- After providing the credentials, press the blue color Login icon to access your loan account.
LoanDepot Loan Administration Account – Reset Account Password
Users are allowed to recover or reset their LoanDepot account password by using the “Forgot Password” feature. They are provided with numerous options such as answering the security questions, or using the registered mobile phone or even using the registered email address. To recover or reset the account password using an SMS text message or email address, a verification code will be sent to the registered email address or mobile number. After receiving the verification code, just provide the same and press the Submit icon. Now, users will be prompted to recover or reset their LoanDepot account password.
In case if you prefer to reset your account password by answering the provided security questions then you need to answer only two questions that are selected during your account registration process. After selecting the questions, press the Submit icon. Now, you are allowed to reset or recover your LoanDepot account password. Your identity should be verified by connecting the LoanDepot Chat Representative. Ensure that you complete the entire mandatory fields. In case of non-normal business hours from Monday to Friday at 08:00 AM to 08:00 PM EST, it will redirect to each the Email Support team.
LoanDepot Loan Administration Account – Reset Account Username
Users are allowed to recover or reset their LoanDepot account username by using the “Forgot Username” feature. You need to provide the following information for verifying your LoanDepot account username:
- 4-digit SSN number (Social Security Number)
- Your 10-digit Loan number (For example 00963258741)
- The registered email address linked with your LoanDepot account
To recover or reset the account username using an SMS text message or email address, a verification code will be sent to the registered email address or mobile number. After receiving the verification code, just provide the same and press the Submit icon. Now, you can view your LoanDepot Username in the blue box and press the “Proceed” icon to access your LoanDepot account.
LoanDepot Loan Administration Account – Make Online Loan Payments
You need to follow the below prerequisites before utilizing the services of Automatic Payment or Online Pay:
- You should have enough money for initiating the complete fund transfer within the payment account.
- Your LoanDepot Payment account should include the United States Savings or Checking account.
- You must be the authorized signer or the owner of the payment account.
- You have to utilize a current loan account.
Pay Online is another free service and directly transfer or make mortgage payment using the electronic debit card, U.S. Savings account, or Checking account. The first one-time payment will be a manual process for each month by accessing your LoanDepot account.
You can register for the Automatic Payment process for scheduling the payment arrangement to deduct the specific amount each month and the same day. Until your cancel your Automatic Payment authorization it will remain active and the entire amount should be paid on-time. In case of failure, you will not be able to continue the offered services.
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