imortgage Opens New Branches in Boca Raton and Fort Lauderdale

Expansion Brings Additional Credit Options to South Florida Homebuyers

Mar 5, 2015

BOCA RATON, Fla., March 5, 2015 /PRNewswire/ -- imortgage, one of the nation's top five nonbank retail mortgage lenders and a division of loanDepot LLC, announced today the opening of two new home lending branches located at 600 North Pine Island Road, Ste 360, Plantation FL and 2255 Glades Rd., Suite 324A, Boca Raton, FL.

With the opening of the newest South Florida imortgage branches, imortgage Branch Manager Francine Martino is currently building a roster of licensed loan consultants including Sales Manager Paul Raditz, Loan Officers Dianne Morin, Liz Garcia, Richard Gilbert, Toni Ridzy, and Production Assistant, Eneida Rodriguez.

Martino and the imortgage team are looking forward to introducing the company's extensive mix of credit products and home finance options, including traditional and jumbo loans. imortgage also offers financing for special asset classes such as condotels and unwarrantable condos, and provides personal-touch assistance for foreign nationals.

"We've studied the unique needs of home buyers in the South Florida market and we are excited to assist local homebuyers with the financing they need to purchase their dream home," said Martino. "Our goal is to offer a high-level of customer service and attention to detail so our clients have an easy and enjoyable experience every time they do business with us."

The median list price of homes in Fort Lauderdale is $359,000 while the median home sale price is $303,250[1]. Since February 2014, Fort Lauderdale's home resale inventories have increased by 23 percent[2]. In Boca Raton, FL, the median list price of homes in February is $347,788 while the median sale price is $253,950[3]. Since February 2014, Boca Raton's home resale inventories have increased by 39 percent[4].

"Fort Lauderdale and Boca Raton are the first imortgage offices to open in South Florida," imortgage Sales Manager Paul Raditz said. "We are looking forward to getting involved and becoming a valuable asset to the community."

ABOUT IMORTGAGE
imortgage is a leading private nonbank national retail mortgage lender based in Scottsdale, AZ. Established in 1999, imortgage operates 85+ local branch offices throughout the United States and is one of the fastest-growing, most well-respected retail lenders in the country today. imortgage delivers a service-driven, customer-focused home loan purchase experience which has earned the company the exclusive Eliant Certification for Customer Service Excellence. imortgage is a loanDepot LLC brand operating under NMLS# 174457. Learn more about imortgage at imortgage.com or by calling a local branch.

ABOUT LOANDEPOT LLC
Launched in 2010, loanDepot LLC is an emerging-growth nonbank consumer lender and market leader offering mortgage and nonmortgage lending products in all 50 states. Founded in 2010 by industry pioneer and innovator Anthony Hsieh, loanDepot LLC operates under the brand names loanDepot.com, imortgage, Mortgage Master, and LDWholesale.  The company maintains dual headquarters in Foothill Ranch, CA and Plano, TX, operates 130+ local branches offering lending products to consumers nationwide, and generates loan production from four technology-enabled business centers. More than 4000 people are employed by loanDepot, including 1300+ licensed loan officers. As America's consumer lender, loanDepot is disrupting consumer finance and redefining the market with less division between mortgage and nonmortgage credit amid changes in consumer behavior and technology, access to credit, economic cycles and market consolidation. loanDepot LLC is an approved seller and servicer for Fannie Mae, Freddie Mac and Ginnie MaeloanDepot LLC, NMLS # 174457 Learn more at loanDepot.com.

[1] http://www.zillow.com/fort-lauderdale-fl/home-values/ 

[2] http://www.movoto.com/fort-lauderdale-fl/market-trends/

[3] http://www.zillow.com/boca-raton-fl/home-values/

[4] http://www.movoto.com/boca-raton-fl/market-trends/  

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SOURCE loanDepot LLC

For further information: Carrie Loranger | loanDepot LLC, (949)465-8493 | CLoranger@loanDepot.com; Julie Reynolds | loanDepot LLC, (949)595-7110 | jreynolds@loandepot.com; Ashley Murphy I Rubenstein Associates, (212)843-8017 I amurphy@rubenstein.com