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: Lenders shouldn’t be held responsible for appraisers’ actions
Apr 24, 2023The MBA is concerned that the CFPB and DOJ will hold lenders liable for appraiser actions, while not an employee or an agent of the lender.
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loanDepot settles with Hsieh, nominates Steve Ozonian to the board
Apr 05, 2023 -
loanDepot’s Lisa Moriello on the evolution of the reverse industry
Mar 31, 2023 -
loanDepot moved $225M out of Signature, maintains credit lines
Mar 15, 2023 -
CFPB and DOJ: Lenders are liable for appraisal discrimination
Mar 13, 2023 -
loanDepot reports another big loss in Q4 as board fight looms
Mar 08, 2023 -
Baret Kechian, top loanDepot LO, sees bidding wars returning to his market
Feb 10, 2023 -
Anthony Hsieh steps down as loanDepot’s executive chairman
Feb 08, 2023 -
Anthony Hsieh is fighting with the loanDepot board
Feb 07, 2023 -
A top producing loanDepot team heads to Revolution Mortgage
Jan 25, 2023 -
loanDepot and Black Knight partner on integrated loan origination system
Jan 19, 2023 -
loanDepot targeted by lawsuit alleging poor work conditions
Jan 06, 2023