loanDepot's Groundbreaking Tech Spurs Demand for New Innovation Lab
SoCal Tech Campus Designed, Inspired by Company's Digital Fin-Tech Ecosystem, mello™
Aug 1, 2017
IRVINE, Calif., Aug. 1, 2017 /PRNewswire/ -- loanDepot, America's lender, today announced details of its new standalone tech campus, the mello ™ Innovation Lab. At this unique facility, the LD tech team will continue to innovate and expand mello, the company's proprietary digital-lending technology.
With loanDepot's goal to transform the lending industry, its mello ecosystem is shaping lending's future as it expands its online and offline consumer relationship model. mello's technology includes an intuitive web-based consumer portal, a state-of-the-art, mobile point-of-sale system, and a fully-digital mortgage loan application experience. The company has invested $80 million to date on its digital-first technology strategy.
"Our lending professionals and LD tech team have combined strengths to create an unstoppable force in next-gen lending," said loanDepot CEO and Chairman Anthony Hsieh. "Our never-ending, iterative innovation process is the basis of our business strategy and our true competitive advantage."
loanDepot's mello exists within a larger next-gen lending ecosystem that is boosted with the integration of digital-marketing tools and by third-party data enrichment that ensure greater accuracy, speed and certainty throughout the origination experience. On a massive scale, mello is changing the loan origination process into a digital consumer experience, making it faster, easier, and more accurate.
"As a profitable and growing lender with a deep understanding of the compliance challenges in lending and the expectations of today's consumers, we know how to drive consumer engagement through our diverse business model," Hsieh continued. "More importantly, we're building a digital-first, industry-changing brand that will forever reshape lending services. At loanDepot, we are rewriting the rules and making mortgages cool again."
These digital solutions are seamlessly integrated with the company's scalable web-based loan origination system (LOS) and are accessible to consumers, referral partners, and lending professionals via collaborative dashboards from mobile or desktop devices.
"Our new Innovation Lab is the physical incarnation of mello," said Dominick Marchetti, CTO at loanDepot. "The combination of collaborative spaces and dedicated quiet rooms will let employees work in the environment they are most comfortable and allows for a quick ignition of ideas and engaging work flow."
In designing the new space, Hsieh and Marchetti focused on defying convention to create an open-air, collaborative work environment to connect 400+ technologists with not only each other but with the beautiful Southern California weather as well. The space incorporates the spirit of fun, including a slide for when stairs are just too slow; open stadium seating for skunkworks-inspired sessions; and areas to relax with a quick game of ping pong or rest in quiet areas. As an added bonus, the Innovation Lab is just minutes away from gorgeous, world-class beaches and iconic Surf City USA.
The mello Innovation Lab is currently under construction and has a goal of opening at the end of 2017 or the beginning of 2018.
The mello Innovation Lab is the second major expansion of 2017. In June, the company opened 65,000 square foot online direct-lending production center, also located in Irvine. Additionally, in June, loanDepot unveiled its newest next-gen retail lending store in Palm Springs, Calif. The store represents the company's commitment to giving consumers the ability to connect with a loanDepot licensed lending officer in the way that works for the individual - through various digital channels and/or in person. The store's design and visual identity represent the future of modern lending with its sleek and elegant design.
loanDepot is the nation's fifth largest retail mortgage lender and second largest nonbank consumer lender. The company was the first nonbank lender to offer home, personal and home equity loans. The company has surpassed $110 billion in funding in just seven years since its founding in 2010.
For further information: Lara Wyss, (949) 652-1142, firstname.lastname@example.org