Loan Depot loans are closed by LD Escrow, Inc. The last one I closed indicated that the closing fees charged to customer were $500.00 The original offer of $55.00 was rejected by me and I settled at a negotiated price of $85.00 After reviewing the amount of unnecessary requirements placed upon me by their QC people and the fact that I had to wait around ninety days for a check made me decide not to do any further work with SStream. The clincher was that they collected a large enough fee from the borrowers to justify a three digit closing fee for my work, but between LD and Signing Stream that all got retained. The borrowers pay for the extra convenience of having a signing done at their location on their terms and the person most directly responsible for the signing gets shortchanged. |