loanDepot.com, LLC, a subsidiary of loanDepot, Inc. (NYSE:LDI”), a U.S.-based retail nonbank mortgage lender, announced on Tuesday it has teamed up with home builder Schell Brothers to launch a new venture, Henlopen Mortgage. The duo reported that through the venture, Schell Brothers will have access to loanDepot’s lending platform. Mark Jones, who will lead Henlopen Mortgage as Vice President of Regional Production, shared more details about the venture by stating:
“Henlopen Mortgage helps home buyers achieve their dream of homeownership in a seamless and pleasing way. Whether it’s their first home purchase or their fiftieth, we’re here to ensure that their experience is exceptional in every way.”
Founded in 2010, loanDepot offers home purchase and refinance loans nationwide. The company is licensed in all 50 states, and operates direct, retail, and wholesale business channels servicing customers across the nation, and has funded more than $300 billion.
“loanDepot offers a diversified network of direct-to-consumer, in-market, and partner business channels, uniquely positioning it to serve a wide range of customers.”