loanDepot is an independent retail mortgage lender that provides residential loans, refinance loans, and personal loan products nationwide.
loanDepot is the third-largest private, independent retail mortgage lender in the U.S. and provides residential loans. loanDepot’s current business channels include direct lending, affinity, branch retail, and servicing. The innovative online consumer direct lending platform operates under the loanDepot brand. The company is also a leader in a distributed branch purchase platform under the imortgage brand. loanDepot currently has more than 2,200 employees and more than 700 licensed loan officers serving all 50 states.
Licensed in all 50 states, loanDepot is an approved seller/servicer to Fannie Mae, Freddie Mac, and Ginnie Mae and services a majority of the loans it originates. Its product lineup includes FHA, HARP, VA, and Jumbo loans.
The company opened its doors for business in 2010 following the U.S. financial meltdown and was founded on the principles of fair and ethical lending, with a customer-centric strategy to deliver great service and competitive rates. loanDepot’s CEO and Chairman is an industry veteran Anthony Hsieh, an innovator in the mortgage lending industry. The loanDepot leadership team is comprised of seasoned executives who have helped lead some of the largest and most successful mortgage companies and financial institutions in the U.S
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Feb 11, 2021 | IPO | $54M | — | — | — | Detail |
Aug 17, 2016 | Debt Financing | $150M | — | — | — | Detail |
Mar 31, 2015 | Series Unknown | $19.75M | — | — | — | Detail |
Jan 15, 2014 | Series Unknown | $12.19M | — | — | — | Detail |
Jan 5, 2010 | Private Equity(PE) | — | 1 | Parthenon Capital Partners | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Parthenon Capital Partners | Yes | Private Equity(PE) |
loanDepot has acquired 2 organizations. Their most recent acquisition was Mortgage Master on Nov 13, 2014. They acquired Mortgage Master for 0.
Date
Company Name
|
Industry | Acquisition Type | Price | |
---|---|---|---|---|
Nov 13, 2014
Mortgage Master
|
Banking | acquisition | — | Detail |
Dec 1, 2016
Closing USA
|
Commercial Real Estate | acquisition | — | Detail |