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 reaches landmark $100 billion in funded loans
Jan 26, 2017loanDepot kept busy the past seven years since it launched into the housing finance market after the financial crisis. And all the hard work is paying off as the nonbank announced it funded $100 billion in home, personal and home equity loans. And Chairman and CEO Anthony Hsieh says that the company isn’t done growing.
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loanDepot acquires Closing USA and American Coast Title
Dec 01, 2016 -
loanDepot partners with Aflac to insure new borrowers at no extra cost
Nov 21, 2016 -
loanDepot opens direct-lending production center in Michigan
Oct 26, 2016 -
loanDepot officially withdraws IPO filing
Sep 15, 2016 -
Plan B: loanDepot closes on $150M in capital transaction
Aug 17, 2016 -
LDWholesale promotes Phil Garcia to VP of Operational Production
Jun 16, 2016 -
Mortgage Master celebrates grand opening in Illinois
Apr 05, 2016 -
loanDepot teams up with Avant to reach new market
Mar 22, 2016 -
Why you should think twice before jumping into the mortgage industry
Mar 17, 2016 -
loanDepot announces new partnership with Orchard Platform
Feb 29, 2016 -
LoanDepot adds three to its product and consumer experience team
Feb 24, 2016