loanDepot announced on Thursday it will celebrate its 10 year anniversary by paying off one lucky customer AND one employee’s mortgage through its nextX Mortgage Sweepstakes, which will feature $680,000 in total prizes. According to loanDepot, the nextX Mortgage Sweepstakes is part of its year-long #nextX celebration that commemorates the milestones the company has achieved in its first decade in business.
“The Company made a courageous and bold decision to launch post financial crisis, at a time when many mortgage companies had either closed their doors or had significantly scaled back. Today, thanks to the vision of Founder and CEO Anthony Hsieh, loanDepot has propelled to becoming the nation’s second largest nonbank lender while at the same time revolutionizing the industry.”
Speaking about the company’s epic milestone, Founder and CEO of loanDepot, Anthony Hsieh, stated:
“We founded loanDepot in 2010 with one goal: to delight the customer. Everything we do—and have done—in every area of the business has been strategically focused on that sole accomplishment. And that is, in a large part, how we’ve achieved such trajectory in such a short time.”
loanDepot then noted that it has made a $100 million investment in its proprietary mello technology that creates a more seamless loan experience for customers and loan officers alike. The company also claims it was the first nonbank lender to expand beyond mortgage loan products. In regards to the sweepstakes, Hsieh added:
“Being able to help someone pay off their home—or purchase a new one—is a life-changing moment, and we are looking forward to celebrating with them on the big day.”
