# loanDepot

> loanDepot is a U.S. nonbank mortgage lender that combines online applications, licensed loan officers, local retail teams and partner channels. It originates home purchase, refinance and home-equity loans, sells mortgages into the secondary market and earns recurring servicing fees. Its current rebuilding effort emphasizes home equity, customer retention and lower production costs.

- **Founded:** 2010
- **Headquarters:** Irvine, United States
- **Founders:** Anthony Hsieh (Founder, Executive Chairman, Chief Executive Officer and President)
- **Products:** Home purchase mortgages, Mortgage refinancing, Digital HELOC, 5x5 HomeLoan, mello
- **Notable:** Reached $137.0 billion in annual mortgage originations in 2021., Introduced mello in 2017 following an $80 million technology investment over 18 months., Completed transition to in-house mortgage servicing in February 2023.

## Products & services

- **Home purchase mortgages** — Conventional fixed-rate and adjustable-rate loans, FHA and VA programs, and jumbo mortgages, delivered through licensed loan officers and digital applications.
- **Mortgage refinancing** — Rate-and-term and cash-out refinancing for existing homeowners, subject to underwriting and product eligibility.
- **Digital HELOC** — Home-equity borrowing without replacing an existing first mortgage; launched in the fourth quarter of 2022.
- **5x5 HomeLoan** — Figure-powered digital home-equity lending initiative announced in April 2026, with expansion into purchase and refinance uses described in the launch announcement; advertised timing is conditional.
- **mello** — Proprietary lending platform introduced in 2017 with a consumer portal, mobile loan-officer tools and digital application workflow.
- **Mortgage servicing** — Payment collection, investor remittances, escrow administration and borrower support through an in-house platform.
- **Wholesale lending** — Broker-facing lending channel launched in March 2026 after the previous wholesale business exited in 2022.

## Achievements

- Reached $137.0 billion in annual mortgage originations in 2021.
- Introduced mello in 2017 following an $80 million technology investment over 18 months.
- Completed transition to in-house mortgage servicing in February 2023.
- Reported $592 billion funded directly to consumers since inception by September 2026.

## Latest updates

- **2026-03** — Reopened wholesale lending for mortgage brokers.
- **2026-04** — Announced Figure partnership and the 5x5 HomeLoan initiative.
- **2026-07** — Announced a Miami corporate center planned for September, initially with capacity for 120 employees; principal executive office remained Irvine in the August SEC filing.
- **2026-08** — Reported Q2 2026 originations of $7.99 billion, revenue of approximately $337 million and a $6.6 million consolidated net loss.
- **2026-08** — Received an NYSE minimum-price deficiency notice after its 30-trading-day average share price fell below $1; no immediate effect on listing or operations was announced.
- **2026-09** — Announced HomeSmart marketing services agreement.

## Links

- Website: https://www.loandepot.com/
- LinkedIn: https://www.linkedin.com/company/loandepot
- Twitter/X: https://twitter.com/loanDepot
- YouTube: https://www.youtube.com/channel/UCYzcEu_uaP1z8IWaVk8mSmw/featured
- Instagram: https://www.instagram.com/loandepot/
- Facebook: https://www.facebook.com/loandepotdotcom

---

Profile page: https://yespress.io/loandepot
Published by YesPress — https://yespress.io
Last updated: 2026-10-22