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loanDepot, Inc. (NYSE: LDI) is a leading nonbank consumer lender in the United States, specializing in home purchase and refinance loans, personal loans, and home equity products. With a robust presence nationwide, loanDepot operates under various brand names, including loanDepot.com, imortgage, Mortgage Master, and LDWholesale.
Founded with the mission to simplify the loan process, loanDepot leverages advanced technology to serve customers through multiple distribution channels. These include five online business production centers, over 130 lending stores, and a workforce of more than 5,000 employees, including over 1,500 licensed loan officers. The company is licensed in all 50 states and maintains dual corporate headquarters in Foothill Ranch, CA, and Plano, TX.
loanDepot's diverse operations include retail, consumer direct, wholesale, affinity, and servicing divisions. The company is an approved seller and servicer for major government-sponsored enterprises like Fannie Mae, Freddie Mac, and Ginnie Mae, ensuring a broad range of mortgage products for its clients.
In recent years, loanDepot has made significant strides in the industry, driven by its innovative approach and customer-centric services. The company's comprehensive product portfolio and extensive reach enable it to compete effectively with traditional banks and other financial institutions. Whether it's a first-time homebuyer looking for a mortgage or a homeowner seeking to refinance, loanDepot provides tailored lending solutions to meet diverse needs.
For more information about loanDepot and its offerings, visit loandepot.com.
loanDepot (NYSE: LDI) has announced that In-Market Retail Loan Consultant Toy Eng has earned the top spot in the State of New York Mortgage Agency's (SONYMA) Hall of Fame for the second consecutive year. This recognition celebrates loan officers who support first-time homebuyers through SONYMA's initiatives.
SONYMA provides low-interest mortgage loans, down payment assistance programs, and educational resources to help qualified first-time homebuyers. Eng, with 16 years of experience as a loan consultant, has dedicated her career to empowering first-time homebuyers and advocating for sustainable homeownership.
Beyond her professional duties, Eng volunteers for organizations supporting affordable housing, including Community Housing Innovations and Yonkers Affordable Housing. Her progression in SONYMA's Hall of Fame has been steady, moving from No. 15 in 2016 to No. 2 in 2022, and achieving No. 1 in 2023.
loanDepot (NYSE: LDI) has expanded its equityFREEDOM portfolio by adding 10- and 30-year fixed-term options to its existing 20-year fixed-rate home equity loan. This expansion complements their first- and second-lien home equity lines of credit (HELOCs), targeting nearly 50 million American homeowners with access to tappable home equity.
The company's home equity products allow homeowners to borrow up to $400,000, based on credit profile and combined loan-to-value ratio (CLTV). With 75% of existing mortgages carrying rates below 5%, these options enable homeowners to access equity without affecting their current mortgage rates. The products feature no prepayment penalties and may not require new home appraisals in many cases.
The HELOC offering includes a three-year draw period and, in most states, a 10-year interest-only payment period followed by a 20-year amortizing repayment term.
loanDepot (NYSE: LDI) has promoted Phil Iossa to Regional Vice President for the Tri-State territory, overseeing operations in New York, Connecticut, and New Jersey. Iossa, who joined loanDepot in 2015 as a branch manager, demonstrated significant success by growing his branch from one originator to nearly 30 people, making it one of the company's top five branches within five years.
Prior to this promotion, Iossa served as area sales manager and has a background of 15 years as a mortgage banker with Wells Fargo. The promotion aligns with loanDepot's growth strategy for 2025 and beyond, focusing on building strong in-market sales leadership talent.
loanDepot (NYSE: LDI) and Onx Homes have announced a new joint venture called Onx X+ Mortgage, combining their expertise to provide streamlined financing options for new homebuyers in Florida and Texas. The partnership merges Onx Homes' technology-led homebuilding approach with loanDepot's lending expertise and platform.
The venture, headquartered in Georgetown, TX, aims to support Onx Homes' mission of delivering value throughout the homeowner journey while expanding loanDepot's presence in the purchase mortgage market. The collaboration will particularly focus on serving first-time homebuyers, leveraging Onx Homes' proprietary design and technology alongside loanDepot's lending industry expertise to create a more accessible homeownership process.
loanDepot (NYSE: LDI) President and CEO Frank Martell has been named to Inman's 2025 'Power Players' list for the third consecutive year. The index recognizes influential executives in real estate, mortgage, finance, and proptech who are shaping the housing industry's future.
Martell, who has also received Inman's 'Best of Finance' award for two consecutive cycles, leads loanDepot's vision of making homeownership accessible through their digital-first portfolio of home purchase, refinance, and home equity lending products. The company aims to serve as a lifetime partner throughout the homeownership journey.
loanDepot (NYSE: LDI) has appointed Bart Evans as regional vice president for its Southeastern operations, overseeing Alabama, Arkansas, and Tennessee. Evans, a 20-year mortgage industry veteran and former professional baseball player, will report to Senior Vice President of Production Paul Ramos.
The appointment aims to capitalize on the accelerated population growth these states have experienced over the past decade. Evans brings extensive experience from previous leadership roles at Movement Mortgage and Summit Funding. As one of the nation's top new home lenders for homebuilders, loanDepot sees an opportunity in the region's increasing new home construction sales.
loanDepot (NYSE: LDI) and Smith Douglas Homes have appointed Teresa Carlile as president of their newly formed joint venture, Ridgeland Mortgage. With over 25 years of leadership experience in the mortgage industry, particularly in the Atlanta area, Carlile will lead the business' growth and daily operations.
The joint venture aims to provide financing solutions for Smith Douglas Homes' customers, combining the homebuilder's focus on quality homes at competitive prices with loanDepot's lending expertise. Ridgeland Mortgage plans to operate in multiple markets across the Southeast and Texas, including Atlanta, Houston, Birmingham, Charlotte, Chattanooga, and other major cities.
loanDepot (NYSE: LDI) has been recognized in the Orange County Business Journal's 2024 'Companies That Care' report for its community contributions. The company's recognition stems from its extensive community involvement, including its partnership with Habitat for Humanity's 'Home is the Key' campaign, where employees helped construct multi-family homes and playhouses.
The company demonstrates significant commitment to military communities through the War Heroes on Water (WHOW) tournament, which has raised over $7 million for combat-wounded veterans. LDI also supports the Marine Corps Scholarship Foundation and sponsors Military Appreciation Day at the HOAG Classic.
Additional community initiatives include support for the American Heart Association's Go Red for Women campaign, STEM education mentorship, and partnerships with organizations like the American Red Cross of Orange County, Operation HOPE, and Second Harvest Food Bank.
loanDepot (NYSE: LDI) has launched its new 'Home Means Everything' brand campaign, showcasing real customer stories about their homeownership journeys. The campaign will be distributed across various platforms, including social media, Connected TV, and YouTube, featuring mid-form videos supported by dedicated landing pages with educational resources. Each landing page allows users to explore detailed stories and connect with loanDepot's team. The first story features a U.S. Navy Veteran and his wife, demonstrating how loanDepot assisted them in their homeownership process.
loanDepot (NYSE: LDI) has been recognized as one of 2024's 'Best Military Lenders' by National Mortgage Professional for its exceptional service to military members, spouses, and Veterans. The company has strengthened its VA lending program by appointing former U.S. Army Sergeant David Smith as VP of National VA Lending and U.S. Navy Veteran Bryan Bergjans as National Director of Military Growth and Strategy.
The company offers comprehensive VA lending solutions, including programs with a 520 minimum FICO score and VA renovation loans. loanDepot provides VA Masterclass for originators and free public online training to increase awareness about VA loans. The company also supports military families through investments in organizations like the Marine Corps Scholarship Foundation and War Heroes on Water.
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