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loanDepot history
loanDepot company history timeline
On a Wednesday evening in November 2015, Anthony Hsieh was about to dig into a celebratory dinner in a conference room on the top floor of Morgan Stanley’s midtown Manhattan offices.
So LoanDepot set about developing the mello platform, which launched in 2017 and made it faster and easier for customers to get mortgages online while also simplifying the onboarding of new loan officers at brick-and-mortar locations.
For Guarantees issued on or after January 1, 2019, the Guarantee may not be redeemed within 12 calendar months of the Date Issued.
“That mello platform allowed them to take advantage of the overwhelming demand that occurred in 2020 when [interest] rates fell,” says Carr at Jefferies. “Many competitors weren't equipped with the right capacity to be able to address that much demand.”
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loanDepot competitors
Company Name  | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| First Residential Mortgage Network, Inc. | - | $57.5M | 150 | - |
| Quicken Loans | 1985 | $3.4B | 17,000 | 90 |
| Network Capital | 2002 | $49.6M | 200 | - |
| US Mortgage | 1994 | $21.4M | 360 | 50 |
| Residential Finance | 1997 | $77.0M | 300 | - |
| Wyndham Capital Mortgage | 2001 | $44.4M | 650 | 426 |
| The Money Source | 1997 | $960,000 | 50 | 3 |
| Home Financing Center | 1984 | $8.3M | 50 | - |
| American Bancorp | - | $48.8M | 45 | 14 |
| New Penn Financial, LLC | 2007 | $800.0M | 3,000 | 1 |
loanDepot history FAQs
Zippia gives an in-depth look into the details of loanDepot, including salaries, political affiliations, employee data, and more, in order to inform job seekers about loanDepot. The employee data is based on information from people who have self-reported their past or current employments at loanDepot. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by loanDepot. The data presented on this page does not represent the view of loanDepot and its employees or that of Zippia.
loanDepot may also be known as or be related to Loan Depot LLC, loanDepot, loanDepot Inc, loanDepot LLC, loanDepot, Inc., loanDepot.com LLC and loanDepot.com, LLC.