loanDepot and Onx Homes Announce New Joint Venture
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
LDI-IR
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Media Contact:
Jonathan Fine
VP, Public Relations
(781) 248-3963
jfine@loandepot.com
Source: loanDepot, Inc.