Consumer complaint received 2025-05-19 00:00:00
Product: Mortgage — FHA mortgage
Issue: Closing on a mortgage — Closing disclosure or other related disclosures
Company: LD Holdings Group, LLC
State: CO

Complaint narrative:
This is a formal complaint against loanDepot.com, XXXX regarding serious and material violations of federal lending laws, including the Truth in Lending Act ( TILA ), Real Estate Settlement Procedures Act ( RESPA ), and consumer fraud statutes. These violations occurred during the origination and immediate post-closing transfer of our mortgage loan in XX/XX/XXXX and have caused lasting financial and legal harm. 
We signed a mortgage note and deed of trust in XX/XX/XXXX with loanDepot.com, XXXX listed as the lender for a purported loan of {$250000.00}. However, after thorough review and investigation, we have discovered that : loanDepot did not actually fund the loan, despite being listed as the lender ; The wire transfer to escrow was in the amount of {$250000.00} and originated from a third-party bank ; loanDepot sent us an invoice and statement around XX/XX/XXXX confirming a {$0.00} balance and that the loan had been transferred ; XXXX  ( XXXX XXXX XXXX XXXX XXXX ) was assigned as the new servicer prior to our first payment, suggesting a prearranged transfer ; No TILA-mandated Notice of Right to Cancel was provided, nor was the HUD Special Information Booklet XXXX The finance charge disclosed in our closing documents exceeded the loan amount by more than {$41000.00} a sign of deceptive and unconscionable loan structuring ; And no documentation has ever been produced to confirm lawful funding, standing, or consideration. 
Legal Violations : XXXX in XXXX XXXX ( XXXX ), XXXX XXXX. XXXX, XXXX, XXXX ; XXXX XXXX XXXX & XXXX The finance charge ( {$280000.00} ) exceeded the loan amount, violating XXXX ( a ) ( XXXX ). 
No Notice of XXXX to XXXX was delivered. 
The transaction failed to disclose the identity of the true lender, as required under XXXX and XXXX XXXX XXXX. 
XXXX. Real Estate Settlement Procedures Act ( RESPA ), XXXX XXXX. XXXX XXXX HUD XXXX XXXX XXXX was delivered. 
No proper itemization or explanation was provided for the inflated finance charges. 
The transaction was table-funded loanDepot originated the loan but transferred it immediately to XXXX after securing value from a third-party funder. 
XXXX. XXXX and XXXX XXXX Concerns We deliver a commercial invoice and remittance advice and purchase order asking for the consideration of the note value {$250000.00} that was promised as a loan, but never provided in XX/XX/XXXX, and which was ignored. 
The note may not have been a valid negotiable instrument ( due to a maturity date XXXX months ), and was likely securitized or pledged without lawful consideration or assignment. 
XXXX. XXXX XXXX XXXX XXXX ( XXXX  ) The attorneys representing the transferee entity filed a sworn declaration in XXXX  XXXX  containing materially false statements about ownership and standing. 
These statements were made under penalty of perjury and directly contradict what was provided to us by loanDepot. 
XXXX of XXXX : We closed the loan in XX/XX/XXXX. 
We discovered accounting irregularities beginning in XX/XX/XXXX. 
The full extent of the violations including note invalidity, jurisdictional issues, and CHFAs role was not discovered until the past 56 months. 
As a result, the statute of limitations should be tolled under the delayed discovery doctrine. 
Damages and Ongoing Harm : Our property was foreclosed through XXXX XXXX XXXX, even though it was a federally insured loan ( XXXX ) XXXX requiring foreclosure authorization by HUD under XXXX C.F.R. XXXX. 
We were forced to file bankruptcy under duress, and the bankruptcy and foreclosure continue to appear on our credit reports. 
Our XXXX XXXX has been irreparably damaged. 
Despite multiple disputes, credit bureaus and furnishers continue to report these accounts, violating the Fair Credit Reporting Act ( FCRA ). 
XXXX Requested : Full investigation into loanDepots role in this transaction. 
XXXX for XXXX and RESPA violations, and table funding without disclosure. 
Subpoena of funding records, account ledgers, and custodial history of the note. 
Referral to DOJ or HUD OIG for further investigation into systemic misconduct. 
Assistance with removal of related credit reporting items. 
Damages or restitution for deceptive practices and unlawful loan structuring. 
We are prepared to provide : XXXX and TILA disclosures, Wire verification, Invoice and remittance package sent to loanDepot, XX/XX/XXXX letter from loanDepot, XXXX  XXXX filing with false statement, Certified mail receipts and evidentiary correspondence. 
Anything else we can assist in providing to investigate their deceptive actions.

Company response to consumer: Closed with explanation