loanDepot, America's lender, matches borrowers through technology and high-touch customer care with the credit they need to fuel their lives. As a fast-growing national consumer lender, the loanDepot platform is disrupting finance by dissolving the lines between mortgage and nonmortgage credit.
The company has funded over $110 billion in loans since inception and is passionate about emerging financial technology and dynamic product delivery supported by excellent customer service to empower consumers.
Headquartered in Southern California, loanDepot employs almost 7,000 across the country including 1,700+ licensed loan officers. The company operates almost 200 local loan locations nationwide. NMLS #174457
An emerging-growth lending technology company
At the helm of loanDepot is Chairman and CEO Anthony Hsieh, a lending industry veteran known for his integrity and innovation. Hsieh, who founded loanDepot after playing a critical role in developing LoansDirect.com, E*TRADE Mortgage, and LendingTree, attracted a talented and experienced leadership team to create an efficient, legacy-free lending platform that would re-instill confidence and trust in a highly fragmented market.
Since launching in 2010, loanDepot has funded more than $110 billion in home, personal and home equity loans. In just a few short years, loanDepot is now the nation's fifth largest retail mortgage originator, and the second largest nonbank consumer lender. Committed to leading the lending industry into the next generation of modern lending, the company continues to make significant reinvestments into its proprietary technology and marketing platform, credit and risk models, and dynamic product delivery systems to empower consumers with access to credit.
Consistent, sustainable growth
Our consistently strong balance sheet, free cash flow and revenue and market share growth demonstrate the inherent structural advantages of our scalable platform. Positioned for continued growth as a diversified nonbank financial services company, we will leverage our strength and entrepreneurial spirit to aggressively diversify our origination flow as a natural extension of who we are: a complete consumer lender that is diversified and well-capitalized to grow market share and remain sustainable in all market conditions.
In 2015, loanDepot expanded into marketplace lending to create a new category of consumer lending with mortgage at its foundation. With the launch of our first personal loan products, we remain a trusted lending source for consumers as they turn away from national bank brands to non-mortgage personal loans.
Since then loanDepot has launched mello™, their proprietary digital lending platform that 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. mello is part of the company's $80 million investment in its technology over the last 18 months. Users have the option to either do their loan fully online through mello, or to use it as a tool while a licensed loan officer guides them through the process of buying a home.