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
MBA Annual Alert: Quicken, loanDepot leaders see fintech barrier to Amazon buy-in
Oct 16, 2018Rumors have long swirled that Amazon has eyes on the mortgage business, but industry leaders say it’s unlikely the company will dive in just yet. At MBA’s annual convention on Tuesday, Hsieh and Emerson said there’s still too much chaos in the space, but predict that fintech is on the verge of changing all that.
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mellohome CEO Chris Heller: The Amazon effect is taking over mortgage lending
Sep 13, 2018 -
loanDepot CEO personal net worth reportedly at $2 billion
Aug 24, 2018 -
2018 Women of Influence: Eileen Kim
Aug 01, 2018 -
2018 Women of Influence: Tammy Richards
Aug 01, 2018 -
2018 Rising Stars: Richard Calle
Jun 01, 2018 -
2018 Rising Stars: Kamran Bakhtiari
Jun 01, 2018 -
Communication is key: Q&A with loanDepotÕ Julius Washington
May 15, 2018 -
MBA Tech: What’s next for the mortgage industry?
Apr 17, 2018 -
Monday Morning Cup of Coffee: Goldman Sachs buys startup Clarity Money to bolster Marcus
Apr 16, 2018 -
Chad Smith, loanDepotÕ former head of direct lending, lands at Caliber Home Loans
Apr 13, 2018 -
Chad Smith out as head of direct lending at loanDepot
Apr 12, 2018