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.
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loanDepot parts ways with top mortgage loan officer
May 02, 2019 -
loanDepot top 25 originator surrenders California MLO license over allegations of mortgage misconduct
Apr 10, 2019 -
Loan officers cast serious doubt on latest loanDepot, Chase mortgage promises
Mar 05, 2019 -
Guaranteed Rate appoints new chief innovation officer
Feb 28, 2019 -
loanDepot releases tech to close mortgages in 8 days
Feb 20, 2019 -
Expert: Here are the two markets lenders should focus on in 2019
Feb 18, 2019 -
Ginnie Mae hits loanDepot with VA mortgage restrictions
Jan 31, 2019 -
loanDepot creates national sales leadership position, fills it with industry top gun
Jan 08, 2019 -
loanDepot CEO tells his “unhappy” LOs: Stop acting entitled
Dec 06, 2018 -
Monday Morning Cup of Coffee: The truth behind the recent loanDepot negative news cycle
Nov 26, 2018 -
loanDepot hires 60 loan officers while reportedly laying off “hundreds”
Nov 16, 2018