Tagged: anthony hsieh

loanDepot Reports Q4 Record Revenue of $4.3 Billion, Net Income of $2 Billion

Following its initial public offering, online mortgage lender loanDepot (NYSE:LDI) is out with Q4 earnings. According to a company statement, loanDepot generated record revenue, as well as earnings as top-line numbers, came in at $4.3 billion generating $2 billion of net income. Shares in loanDepot… Read More

loanDepot Expands mello Brand Into New Real Estate & Home Improvement Business Lines

On Tuesday, loanDepot announced it is continuing the expansion of its mortgage and personal loan businesses by launching newly formed venture, mello Home, which connects pre-approved homebuyers with verified real estate agents in their local market and help consumers find and hire home improvement and other… Read More

loanDepot: “The Momentum is Just Starting”

While the revelation that online mortgage lender Sindeo was turning off the lights and shutting down was disappointing news in the Fintech space. But other online mortgage lenders continue to execute and grow. One of the most promising is loanDepot, the creation of CEO Anthony… Read More

Seen & Heard at LendItUSA 2017: An Industry Built to Last

LendItUSA, the annual event that jumps between New York City and San Francisco everu 12 months, opened up to larger audiences and an industry sector that endured a challenging year. The online lending sector received a two-punch assault in 2016; a battle that left the… Read More

Online Lender loanDepot Launches Proprietary Digital Lending Platform

loanDepot announced on Monday the launch of its proprietary digital lending platform, mello, which is part of an $80 million investment in technology over the last 18 months. According to the online lender, the new platform is an end-to-end technology solution designed to scale with the… Read More

loanDepot at $100 Billion in Loans: A Top 5 Mortgage Lender

loanDepot challenges the status quo of traditional banking every day. loanDepot has just achieved an impressive milestone.  In the past 7 years since platform launch, loanDepot has now funded $100 billion in home, personal and home equity loans making it a top-five retail mortgage lender… Read More

loanDepot Acquires Title, Escrow & Settlement Companies Closing USA & American Coast Title

loanDepot is extending its reach and services by acquiring both Closing USA (CUSA) and American Coast Title (ACT). The pair of acquisitions is designed to boost loanDepot’s national footprint for title, escrow and settlement services which are complimentary to its mortgage lending operation. Upon closing… Read More

loanDepot Rises to Become 5th Largest Mortgage Lender in US

LoanDepot, founded by Anthony Hsieh less than 7 years ago, has become the 5th largest mortgage lender by volume according to the most recent report by Inside Mortgage Finance.  In 2015, loanDepot was acknowledged as the 7th largest retail mortgage provider. Joining loanDepot in the… Read More

Brief: loanDepot Closes $150M Capital Transaction

Last week, loanDepot announced the closing of its $150 million capital transaction. The online lender revealed it plans to use the funds to continue investments in technology and product development. Sharing details about the transaction, Anthony Hsieh, chairman and CEO at loanDepot, stated: “Capital investment in consumer lending and in the mortgage industry… Read More

loanDepot Announces New Partnership With Avant to Expand Credit Options For Borrowers

loanDepot announced it has formed a new partnership with Avant as a way to expand credit options for borrowers nationwide. The online lender revealed that it has teamed up with Avant through an API integration to offer borrowers access to credit products that match their financial needs. Speaking about the partnership, loanDepot, LLC… Read More

loanDepot CEO Anthony Hsieh talks Online Lending (Video)

Anthony Hsieh, CEO and founder of loanDepot, visited the studios of CNBC for a session of Power Lunch last week.  Hsieh shared some perspective into his platform and the over $60 billion in loans it has provided since 2010.  The non-bank lender explained the difference… Read More

loanDepot Partners with Orchard

loanDepot has announced a new partnership with Orchard Platform – the company that is at the nexus of online lending and institutional participation. loanDepot will now be integrating its performance data into the Orchard U.S. Consumer Marketplace Lending Index and Market Data products. loanDepot states believes… Read More

Brief: loanDepot Launches Product And Consumer Experience Team

loanDepot on Wednesday announced the launch of its consumer experience and product development team with the appointment of Tim Von Kaenel as chief product officer, Rick Medeiros as chief digital officer and Helen Wang as head of consumer experience, according to a recent press release. The appointment… Read More

Direct Lender loanDepot Surpasses $60 Billion in Loan Funding

On Monday, direct lender loanDepot announced that it is heading into 2016 after a record-breaking 2015. This is due to the fact that the company added 125,000 new consumers to its community of borrowers over the past twelve months and has increased year-over-year fundings by… Read More

Brief: Marketplace Lender loanDepot Closes $150M Securitization Of Personal Loans

loanDepot, America’s lender, today announced the closing of a $150 million securitization of its popular unsecured personal loans accessed by consumers. This $150 million securitization was structured and sold by Jefferies, a global investment banking firm. In the first six months since launching its first… Read More

LoanDepot Bags IPO. For Now.

In a blog post, LoanDepot CEO Anthony Hsieh explained his decision to hold off on launching an IPO for now.  Hsieh used the experience of Square, which dropped its IPO price by 25% to boost investor interest just prior to offering shares to the public…. Read More

LoanDepot Appoints Michael H. Wilson as Senior Vice President of Information Technology

LoanDepot LLC, a marketplace lending platform, announced on Thursday the appointment of Michael H. Wilson as SVP, Information Technology. Michael H. Wilson joins loanDepot after serving as CIO and Director of IT Strategy at Ball Aerospace where he led classified and unclassified IT strategy, including… Read More

Marketplace Lending Platform loanDepot Announces Plans to Offer Home Equity Products

loanDepot announced on Monday plans to offer new home equity products. loanDepot is a marketplace lender that offers American consumers a choice of credit products through purchase and refinance home loans, unsecured personal loans, and now home equity loans on one convenient tech-enabled lending platform. This announcement comes… Read More

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