loanDepot recognized as a 2024 Diversity Leader by National Mortgage Professional Magazine
February 01 2024 - 3:32PM
Business Wire
Honor recognizes unwavering commitment to
fostering diversity within the mortgage industry
loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), a leading
provider of home lending solutions that enables customers to
achieve the dream of homeownership, has been selected as one of
National Mortgage Professional Magazine's “Diversity Leaders” for
2024. The honor recognizes companies that demonstrate an
“unwavering commitment to fostering diversity within the mortgage
industry,” according to the magazine. loanDepot, the country’s
third-ranked lender serving minorities1, earned the honor in part
for creating a more inclusive path to homeownership by promoting
diversity within its organization.
“One of the most important things we can do as a mortgage lender
is to remove barriers to homeownership, especially for the
increasingly diverse communities seeking to become first-time
homebuyers,” said loanDepot, Inc. President and CEO Frank Martell.
“Our recognition as a Diversity Leader underscores our commitment
to creating a more inclusive path to homeownership through our
team, a multicultural and multilingual group of mortgage
professionals who help us better serve the unique needs of diverse
and under-represented communities.”
loanDepot actively supports the unique needs of diverse and
under-represented communities by recruiting and retaining
multicultural and multilingual talent. loanDepot’s team of mortgage
professionals comprises 52 percent minorities, which plays a
crucial role in supporting the needs of minority and other
traditionally underserved homebuyers.
The Company regularly provides training programs to its team,
including the 'Keys to Homeownership Specialist' program, a
purpose-built credential for retail loan originators. Across four
training sessions, originators learn about the distinctive needs of
the increasingly diverse communities of first-time homeowners and
receive the tools necessary to support their communities.
loanDepot’s ACES program recruits and trains a diverse talent
network from outside of the financial services industry,
transforming careers with opportunities for advancement within the
field. For consumers, loanDepot hosts educational workshops each
year to help aspiring homeowners understand the steps to becoming
‘mortgage ready.’
“Supporting the needs of today’s underserved communities extends
beyond just speaking their language,” said loanDepot Vice President
of Community Lending Jesus Cruz. “It’s about understanding their
culture and being committed to serving their unique needs. We’re
passionate about this because we know it makes a difference in our
ability to help more families purchase a home. As we seek to make a
positive impact on the lives of the people we serve, properly
supporting their first home purchase is so important as it’s one of
the largest drivers of generational wealth and strengthens our
communities.”
Beyond cultivating a diverse workforce, loanDepot plays an
important role in championing industry diversity at a national
level. The company actively supports organizations like the
National Association of Hispanic Real Estate Professionals, the
National Association of Real Estate Brokers, the Asian Real Estate
Association of America, the LGBTQ+ Real Estate Alliance, and others
through national and local chapter participation that includes
volunteer leadership and advocacy around issues that affect home
buyers and homeowners. Further, company representatives regularly
attend and participate in presentations and panel discussions on
diversity and inclusive housing policy at industry conferences.
National Mortgage Professional Magazine is the source for top
originators, providing industry leadership, resources for
professional development, and more.
About loanDepot
loanDepot (NYSE: LDI; NMLS # 174457) is an equal housing lender
and digital commerce company committed to serving its customers
throughout the home ownership journey. Since its launch in 2010,
loanDepot has revolutionized the mortgage industry with a
digital-first approach that makes it easier, faster and less
stressful to purchase or refinance a home. Today, as one of the
nation's largest non-bank retail mortgage lenders, loanDepot
enables customers to achieve the American dream of homeownership
through a broad suite of lending and real estate services that
simplify one of life's most complex transactions. With headquarters
in Southern California and offices nationwide, loanDepot is
committed to serving the communities in which its team lives and
works through a variety of local, regional and national
philanthropic efforts.
1 According to 2022 HMDA data
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version on businesswire.com: https://www.businesswire.com/news/home/20240201060087/en/
Media Contact Jonathan Fine VP, Public Relations (781)
248-3963 jfine@loandepot.com
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