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
loanDepot CEO Anthony Hsieh shuts down 10 rumors about his company
Aug 18, 2017Anthony Hsieh is the founder and CEO of one of the most prominent nonbanks in the industry, loanDepot. For a CEO of a company that has funded more than $100 billion in loans since its inception, he regularly opens up a seat at the table for others to listen in on what it’s like to be at the helm of one of the biggest mortgage companies. Anyone who follows Hsieh on LinkedIn is privy to this. This latest post, in particular, caught a lot of attention.
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loanDepot adds top 1% loan originator to team
Jul 19, 2017 -
SEC chair explores reason behind major drop in IPOs
Jun 26, 2017 -
loanDepot expands executive leadership team, adding two new EVPs
Jun 22, 2017 -
June Kudos: Celebrating milestones, launches and awards in the mortgage industry
Jun 01, 2017 -
2017 Rising Stars: Alec Hanson
Jun 01, 2017 -
loanDepot increases VA home loan volume by nearly 225% in two years
May 26, 2017 -
Dear lenders, we need more young talent in mortgage finance
Mar 29, 2017 -
Attempt two: loanDepot reconsiders filing for IPO?
Mar 15, 2017 -
Want to start a mortgage company? loanDepot CEO updates thoughts on barriers to entry
Mar 09, 2017 -
loanDepot launches end-to-end digital lending platform
Mar 06, 2017 -
loanDepot promotes Dan Hanson to chief retail production officer
Feb 23, 2017