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 restructuring creates new digital products/services unit
Mar 10, 2022“Mello,” LoanDepot’s new unit, will put technology, lead generation, digital marketing, real estate and title insurance products in one division led by Zeenat Sidi.
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LoanDepot’s Anthony Hsieh puts his money where his mouth is
Feb 17, 2022 -
Mortgage stocks are in free fall. So what’s next?
Feb 03, 2022 -
LoanDepot’s profit in Q4 sinks 91% to $14.7M
Feb 01, 2022 -
Private-label market wraps up January with a roar
Feb 01, 2022 -
loanDepot’s CEO picks up pricey real estate in Florida
Jan 18, 2022 -
loanDepot brings Ginnie Mae loan servicing in-house
Jan 04, 2022 -
Gay, disabled ex-employee sues loanDepot for discrimination
Nov 24, 2021 -
LoanDepot profits surge in Q3 as margins rebound
Nov 01, 2021 -
LoanDepot sued 7 LOs after they left for a rival
Sep 29, 2021 -
Ex-loanDepot COO: Tony Hsieh cut corners to boost volume
Sep 23, 2021 -
Unlicensed mortgage broker defrauded wholesale lenders
Sep 01, 2021