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
imortgage appoints two senior production executives
Jan 22, 2016imortgage, a division of loanDepot, announced it appointed two senior production executives, Mary Bane and Jim Weir. Dan Hanson, executive vice president of national production for imortgage, said that the hiring and promotion reflect the lender’s goal to expand.
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loanDepot’s fight to be the No. 1 nonbank consumer lender
Jan 11, 2016 -
loanDepot closes first $150M securitization of personal loans
Dec 01, 2015 -
loanDepot CEO explains IPO cancellation
Nov 19, 2015 -
Sources: loanDepot withdraws Initial Public Offering
Nov 12, 2015 -
loanDepot officially files for IPO
Oct 09, 2015 -
loanDepot hires new tech team
Oct 05, 2015 -
HUD-OIG: loanDepot originated substandard FHA mortgages
Oct 01, 2015 -
Guaranteed Rate purchases remains of Discover Home Loans
Sep 04, 2015 -
Dear Parents, don’t expect your homebuying Millennials to pay you back
Sep 03, 2015 -
Sources: loanDepot readies IPO filing
Sep 03, 2015 -
loanDepot expansion plans now include home equity loans
Aug 10, 2015