LoanMagic vs loanDepot Mobile
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
LoanMagic
Manage your home loan from start to finish. Track real-time progress, securely share and sign documents, and communicate directly with your mortgage team. Stay organized and informed throughout the entire loan process.
- Real-time loan status updates
- Secure document upload and sharing
- In-app document signing
- Direct messaging with mortgage team
- Calendar integration for important dates
- Encrypted file sharing via cloud services
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*The LoanMagic app requires an ACTIVE HOME LOAN. Ask your mortgage lender for a FREE invitation with your unique login! The LoanMagic app lets borrowers manage the entire loan process. Keep track of your loan status in real-time. Send, receive and sign your loan documents. Message your mortgage team instantly, and schedule important events right to your calendar! REAL-TIME LOAN STATUS UPDATES Follow your loan progress in real-time. The loan tracker means you’ll always know where you are in the loan process. Each stage of the loan process is clearly explained and LoanMagic’s push notifications ensure that you never miss critical dates. SEND DOCUMENTATION TO YOUR LENDER VIA THE APP No more copying, faxing or mailing files to your lender/broker. It’s so easy, and fast, to take pictures of documents or upload them to the app. Now your loan files are secure and organized in one place to share with your lender via LoanMagic’s encrypted integrations. (Share files via Dropbox, GoogleDrive, Box, and MS OneDrive). REVIEW & SIGN DOCUMENTS Complete and sign your loan documents right from the app. eSigned documents are automatically sent to your lender via LoanMagic’s secure & encrypted connection. COMMUNICATE PRIVATELY & SECURELY WITH YOUR MORTGAGE TEAM Get your questions answered immediately. LoanMagic’s secure chat feature stops the endless back-and-forth of email and voicemail. LoanMagic gives you everything you need to manage and close your home loan in one convenient place. CONNECT Support https://www.docmagic.com/support About us: www.docmagic.com If you’re a Lender or Settlement agent who wants to offer the LoanMagic app to your customers, please contact us at https://www.docmagic.com/webservices/contact/
loanDepot Mobile
Manage your mortgage payments, view loan balances, and access important documents securely. Set up autopay, track payment history, and go paperless with convenient alerts and statement access.
- Make and schedule mortgage payments
- Set up automatic payments
- View payment history and status
- Track loan balances and escrow
- Access loan documents and statements
- Manage linked bank accounts
- Configure account alerts
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MAKE PAYMENTS AND SET UP AUTOPAY* • Make fast, easy and secure payments with just a few taps • Schedule automated payments for on-time payments • Check payment history and status of pending payments • Securely manage payment bank accounts KEEP TRACK OF YOUR LOAN • Easily view your account standing • Access your loan documents • Monitor your principal and escrow balances • View interest and total amounts due • Link multiple loans, if necessary GO PAPERLESS • Access statements and documents through the app • Configure alerts for important account notifications *AUTOPAY is not available on HELOC loans. Disclaimer: Equal Housing Opportunity, loanDepot.com, LLC. All rights reserved. NMLS ID# 174457 (http://www.nmlsconsumeraccess.org). For more licensing information, please visit loanDepot.com/licensing. For privacy information, please visit loandepot.com/privacypolicy. For terms of use information, please visit loandepot.com/termsofuse
Screenshots
Verdict
The clearest difference is review sentiment: loanDepot Mobile at 70% against LoanMagic's 0%. loanDepot Mobile also leads on rating (4.9 vs 4.0) and ratings volume (4.6K vs 4). LoanMagic's advantage is monetization model (free vs free with in-app purchases) and iOS requirement (9.0 vs 15.0). On price, update cadence, ads and in-app purchases there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
loanDepot Mobile holds the better App Store score, 4.9 against 4.0. That said, the two scores are not equally well evidenced: loanDepot Mobile has 4.6K ratings behind it against 4, so its average is the more settled of the two. Written reviews point the same way: 0% of LoanMagic's written reviews are positive against 70% of loanDepot Mobile's.
LoanMagic ships an update monthly, loanDepot Mobile every 3 weeks. The most recent releases landed on September 21, 2026 and September 26, 2026 respectively.
| Parameter | LoanMagic | loanDepot Mobile |
|---|---|---|
| Price | Free | Free |
| Rating | 4.0 (4 ratings) | 4.9 (4.6K ratings) — better |
| Positive reviews | 0.0% of reviews | 70.5% of reviews — better |
| Number of ratings | 4 | 4.6K — better |
| Update frequency | Monthly | Every 3 weeks — better |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free — better | Free with in-app purchases |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 9.0 — better | 15.0 |
| Further details — not scored | ||
| Size | 123 MB | 41 MB |
| Age rating | 4+ | 4+ |
| Developer | DocMagic, Inc. | loanDepot.com, LLC |
Customer experience
LoanMagic
loanDepot Mobile
Bugs and requests
LoanMagic
Not enough reviews yet to summarise bugs or requests.
loanDepot Mobile
Reported bugs
3 issues- App constantly freezes when trying to make payments
- App doesn't recognize login credentials
- Unable to link loan account to the app
Requested features
4 requests- Allow principal-only payments to be queued
- Bring more website functions to the app
- Add ability to see current property value
- Implement auto-pay and bi-weekly payment options
In-app purchases
LoanMagic
No in-app purchases
loanDepot Mobile
No in-app purchases
Questions
Is LoanMagic free?
Is loanDepot Mobile free?
Which has better reviews, LoanMagic or loanDepot Mobile?
Do LoanMagic or loanDepot Mobile have ads?
Which is updated more often, LoanMagic or loanDepot Mobile?
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