loanDepot
LoanDepot is one of the nation’s largest online mortgage lenders, most recently ranking No. 3 in retail lending through the third quarter of 2021. The company was founded in 2010 by Anthony Hsieh, an industry veteran who had launched and sold two mortgage lenders prior to launching loanDepot. Now, the company has more than 10,000 employees and serves more than 27,000 customers each month. Headquartered in Lake Forest, California, loanDepot went public in February 2021 and is publicly traded on the NYSE under the ticker LDI.
LoanDepot has made it a priority to provide customers with a digital mortgage experience that makes the process fast and easy. By utilizing its proprietary Mello software platform, loanDepot uses machine learning to streamline the mortgage process for customers. It gives customers an end-to-end fully digital mortgage experience that seamlessly collects income, employment, and asset information.
In September 2021, Hsieh compared loanDepot to Rocket Mortgage, saying “We are the Lyft to their Uber.” Hsieh believes that loanDepot’s unique mix of a recognizable brand, leading tech platform, and on-the-ground presence will set it apart from its competitors beyond the current interest rate cycle.
LoanDepot made headlines in 2021 for filing a lawsuit against seven former employees and their new employer, CrossCountry Mortgage, for allegedly stealing client lists and funneling business away from loanDepot prior to their departure.
Latest Posts
No. 1 mortgage originator Shant Banosian to speak at engage.talent Feb. 6
Jan 16, 2020During his panel at engage.talent, Shant Banosian will discuss the technology and support that helped him close 1,906 units and fund $914 million in loans in 2019 alone.
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Brian Covey to speak at engage.talent Feb. 6
Jan 02, 2020 -
loanDepot names Sudhir Nair chief information and technology officer
Dec 04, 2019 -
loanDepot expands its leadership team with key hire
Nov 11, 2019 -
loanDepot Wholesale provides high-touch customer service
Sep 30, 2019 11:59 pm -
Industry veteran David King joins loanDepot as chief marketing officer
Sep 24, 2019 -
Former loanDepot Chief Technology Officer Dominick Marchetti lands at Guaranteed Rate
Aug 19, 2019 -
loanDepot Chief Technology Officer Dominick Marchetti stepping down
Aug 01, 2019 -
Chris Heller leaves loanDepot and mellohome for AI real estate company OJO Labs
Jul 19, 2019 -
Housing News Podcast: LoanDepot’s Alec Hanson & TJ Freeborn discuss the importance of leveraging human-touch in mortgage lending
Jun 26, 2019 -
Ginnie Mae removes loanDepot’s VA loan restrictions
Jun 21, 2019 -
Now hiring: loanDepot plans to add 1,300 loan officers by end of 2019
Jun 20, 2019