loanDepot and Onx Homes Announce New Joint Venture
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) e Onx Homes hanno annunciato una nuova joint venture chiamata Onx X+ Mortgage, unendo le loro competenze per offrire opzioni di finanziamento semplificate per i nuovi acquirenti di case in Florida e Texas. La partnership combina l'approccio innovativo alla costruzione di case di Onx Homes con l'esperienza e la piattaforma di prestiti di loanDepot.
La joint venture, con sede a Georgetown, TX, si propone di sostenere la missione di Onx Homes di offrire valore lungo tutto il percorso del proprietario di casa, espandendo al contempo la presenza di loanDepot nel mercato dei mutui per l'acquisto. La collaborazione si concentrerà particolarmente nel servire i compratori di case per la prima volta, sfruttando il design e la tecnologia proprietari di Onx Homes insieme all'esperienza di prestito di loanDepot per creare un processo di possesso della casa più accessibile.
loanDepot (NYSE: LDI) y Onx Homes han anunciado una nueva empresa conjunta llamada Onx X+ Mortgage, combinando su experiencia para proporcionar opciones de financiamiento simplificadas para compradores de vivienda primerizos en Florida y Texas. La asociación fusiona el enfoque tecnológico de Onx Homes en la construcción de viviendas con la experiencia y la plataforma de préstamos de loanDepot.
La empresa tendrá su sede en Georgetown, TX, y tiene como objetivo apoyar la misión de Onx Homes de ofrecer valor a lo largo del viaje del propietario de una casa, al mismo tiempo que expande la presencia de loanDepot en el mercado de hipotecas de compra. La colaboración se centrará especialmente en atender a los compradores de vivienda por primera vez, aprovechando el diseño y la tecnología propios de Onx Homes, junto con la experiencia en la industria de préstamos de loanDepot, para crear un proceso de propiedad de vivienda más accesible.
loanDepot (NYSE: LDI)와 Onx Homes는 Onx X+ Mortgage라는 새로운 합작 회사를 발표하며, 플로리다와 텍사스의 신규 주택 구매자를 위한 간소화된 자금 조달 옵션 제공을 위해 전문성을 결합했습니다. 이 파트너십은 Onx Homes의 기술 주도 주택 건설 접근 방식과 loanDepot의 대출 전문성 및 플랫폼을 통합합니다.
Georgetown, TX에 본사를 둔 이 합작 기업은 Onx Homes의 주택 소유자 여정 전반에 걸쳐 가치를 제공하는 미션을 지원하는 것을 목표로 하며, loanDepot의 구매 모기지 시장 내 존재감을 확장합니다. 특히 첫 주택 구매자를 대상으로 하고, Onx Homes의 독점 디자인 및 기술과 loanDepot의 대출 산업 전문성을 활용하여 주택 소유 프로세스를 더욱 접근 가능하게 만드는 데 집중할 것입니다.
loanDepot (NYSE: LDI) et Onx Homes ont annoncé un nouveau partenariat appelé Onx X+ Mortgage, combinant leur expertise pour fournir des options de financement simplifiées aux nouveaux acheteurs de maison en Floride et au Texas. Ce partenariat fusionne l'approche axée sur la technologie de Onx Homes dans la construction de maisons avec l'expertise et la plateforme de prêt de loanDepot.
La société, dont le siège est situé à Georgetown, TX, vise à soutenir la mission de Onx Homes de fournir de la valeur tout au long du parcours des propriétaires tout en élargissant la présence de loanDepot sur le marché des prêts hypothécaires d'achat. La collaboration se concentrera particulièrement sur le service des primo-accédants, en tirant parti du design et de la technologie propriétaires de Onx Homes, en plus de l'expertise de l'industrie du prêt de loanDepot, afin de créer un processus d'accession à la propriété plus accessible.
loanDepot (NYSE: LDI) und Onx Homes haben ein neues Joint Venture namens Onx X+ Mortgage angekündigt, das ihre Expertise kombiniert, um vereinfachte Finanzierungsoptionen für neue Hauskäufer in Florida und Texas anzubieten. Die Partnerschaft vereint den technologiegetriebenen Ansatz von Onx Homes im Hausbau mit der Kreditkompetenz und Plattform von loanDepot.
Das Unternehmen mit Sitz in Georgetown, TX, hat das Ziel, die Mission von Onx Homes zu unterstützen, während es gleichzeitig die Präsenz von loanDepot im Kaufhypothekenmarkt ausweitet. Die Zusammenarbeit wird sich insbesondere auf die Unterstützung von Erstkäufern konzentrieren, indem die proprietären Designs und Technologien von Onx Homes sowie die Expertise von loanDepot in der Kreditbranche genutzt werden, um einen zugänglicheren Prozess für Wohneigentum zu schaffen.
- Strategic expansion into purchase mortgage market
- Geographic expansion in Florida and Texas markets
- Enhanced service offering for first-time homebuyers
- Technology integration between both companies
- None.
Insights
The strategic joint venture between loanDepot and Onx Homes represents a calculated response to current market dynamics, particularly addressing the critical housing shortage affecting first-time homebuyers. This partnership merits attention for several key reasons:
The venture, Onx X+ Mortgage, strategically positions both companies in two of the nation's most active real estate markets - Florida and Texas. These states have experienced significant population growth and housing demand, making them ideal testing grounds for this integrated home building and financing model.
From a business perspective, this partnership offers multiple revenue synergies:
- For loanDepot, it provides a dedicated pipeline of purchase mortgages, reducing dependency on the volatile refinancing market
- For Onx Homes, the integrated financing solution could accelerate sales velocity and improve conversion rates
- The joint venture model typically generates higher margins compared to standalone mortgage operations
The timing is particularly strategic given the current market environment where:
- Housing inventory remains constrained, especially in the entry-level segment
- Rising construction costs and interest rates have created affordability challenges
- First-time homebuyers face significant barriers to entry
By combining Onx's tech-driven construction approach with loanDepot's digital lending platform, the venture could potentially reduce both construction timelines and lending friction, creating a more efficient path to homeownership. This efficiency could translate into cost savings for buyers and improved margins for both companies.
Homebuilder disrupting the industry joins forces with leading mortgage lender to deliver seamless customer experience through Onx X+ Mortgage
Named Onx X+ Mortgage, the venture brings together two companies that leverage technology to better serve today’s homebuyers. It supports Onx Homes’ mission to deliver more value at every step of the homeowner journey while expanding loanDepot’s footprint in the purchase mortgage market. The partnership will benefit from Onx Homes’ proprietary design, technology and a customer-centric approach while capitalizing on loanDepot's lending industry expertise and best-in-class platform.
“loanDepot and Onx share a mission to support customers throughout their entire homeownership journey, and this new joint venture allows us to deliver sustainable solutions that make homeownership more accessible,” said Dan Peña, executive vice president of national joint ventures for loanDepot. “We’re so impressed by the approach and speed with which Onx creates not just new homes, but entire communities—it’s an innovative solution for today’s housing shortage, especially for serving the critical first-time homebuyer segment that loanDepot is dedicated to supporting.”
Ravi Bhat, chief operating officer of Onx Homes, stated, “This new venture allows Onx Homes to focus on our mission of providing a seamless customer experience for new homebuyers. Through this partnership, we aim to offer homebuyers value and convenience with speed and efficiency, redefining the future of homebuilding. By leveraging loanDepot’s expertise in mortgage lending, we are creating an exceptional home loan process for our customers.”
Onx X+ Mortgage is headquartered in
About loanDepot
At loanDepot (NYSE: LDI), we know home means everything. That’s why we are on a mission to support homeowners with a suite of products and services that fuel the American Dream. Our portfolio of digital-first home purchase, home refinance and home equity lending products make homeownership more accessible, achievable, and rewarding, especially for the increasingly diverse communities of first-time homebuyers we serve. Headquartered in
About Onx Homes
Onx Homes is pioneering a new era of homes and neighborhoods. Founded in 2021 by construction experts, design thinkers, and technology leaders, it is committed to providing homeowners with the next generation of living spaces. With corporate and manufacturing facilities in
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250205402242/en/
Media Contact:
Jonathan Fine
VP, Public Relations
(781) 248-3963
jfine@loandepot.com
Source: loanDepot, Inc.
FAQ
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