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
2018 HW Tech100 Winner: loanDepot
Apr 02, 2018loanDepot recently launched its proprietary technology platform, mello, to streamline the loan process to a blended digital/local relationship covering all aspects of consumer lending and homeownership. With mello, consumers can run any mortgage or non-mortgage loan from application through funding from any device on their own or with local loan consultants who can advise the process.
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loanDepot makes big move into mortgage securitization
Mar 27, 2018 -
loanDepot’s new $100 million mello HQ set to redefine digital mortgage game
Mar 23, 2018 -
loanDepot names Tammy Richards chief operations officer
Mar 22, 2018 -
loanDepot taps former Keller Williams CEO Chris Heller to lead mello Home
Feb 07, 2018 -
loanDepot unveils ambitions to expand beyond lending into entire real estate transaction
Jan 23, 2018 -
loanDepot partners with homebuilder AV Homes to launch mortgage venture
Jan 03, 2018 -
Impac hires loanDepot's former chief administrative officer to lead CashCall Mortgage
Dec 14, 2017 -
“Whole-tail” lenders: The entire premise of BRAWL is flawed
Dec 11, 2017 -
2017 HW Vanguard: Dan Hanson
Dec 01, 2017 -
EXCLUSIVE: Nation’s top mortgage lenders reveal their secrets to success
Oct 16, 2017 -
loanDepot CEO: Mortgage technology does not replace loan officers
Sep 28, 2017