Tagged: loandepot

October 1, 2021 @ 6:43 pm By JD Alois  |  

Recently, loanDepot (NYSE:LDI) was hit with a lawsuit by a former executive that alleges fraudulent activity at the online mortgage lender. In a filing dated September 21, 2021, Tammy Richards alleged that loanDepot allowed an environment that enabled sexual harassment and gender discrimination.  Additionally, Richards… Read More

March 23, 2021 @ 9:43 am By Samantha Hurst  |  

  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… Read More

February 18, 2021 @ 8:59 am By JD Alois  |  

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

February 12, 2021 @ 9:46 am By JD Alois  |  

loanDepot (NYSE:LDI) floated shares today on the NYSE following a significant decrease in its IPO price. The online mortgage lender listed shares at $14 each after previously filing an S-1 indicating its intent to float shares in a range of $19 to $21. The number… Read More

February 11, 2021 @ 12:14 pm By JD Alois  |  

loanDepot lowered the price of its initial public offering (IPO) to $14 a share – far below its expected $21 a share float. loanDepot shares, trading under the ticker symbol LDI, listed on the New York Stock Exchange (NYSE) today trading higher in early action…. Read More

February 2, 2021 @ 3:29 pm By JD Alois  |  

Yesterday, loandDepot filed an updated S-1 with the Securities and Exchange Commission as it bumped up its share price to $21 for a forthcoming initial public offering (IPO) that may raise a gross amount of over $362 million. According to the document, loanDepot is offering… Read More

January 9, 2020 @ 5:36 pm By Samantha Hurst  |  

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… Read More

January 23, 2018 @ 10:02 am By Samantha Hurst  |  

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

June 23, 2017 @ 12:00 pm By JD Alois  |  

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

March 10, 2017 @ 12:17 pm By JD Alois  |  

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

March 6, 2017 @ 8:13 am By Samantha Hurst  |  

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

January 25, 2017 @ 1:30 am By JD Alois  |  

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

December 1, 2016 @ 11:47 am By JD Alois  |  

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

November 2, 2016 @ 10:32 am By JD Alois  |  

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

August 23, 2016 @ 10:01 am By Samantha Hurst  |  

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

March 22, 2016 @ 8:44 am By Samantha Hurst  |  

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

March 10, 2016 @ 9:27 pm By JD Alois  |  

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

February 29, 2016 @ 7:57 am By JD Alois  |  

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

February 24, 2016 @ 2:54 am By Midori Yoshimura  |  

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

January 11, 2016 @ 1:48 pm By Samantha Hurst  |  

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