loanDepot earns HousingWire’s 2024 Tech100 Mortgage award
February 06 2024 - 2:30PM
Business Wire
Recognizes the most impactful and innovative
mortgage solutions companies
loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), a leading
provider of home lending solutions that enables customers to
achieve the dream of homeownership, has received HousingWire’s 2024
“Tech 100 Mortgage” award, celebrating the most innovative and
impactful organizations in housing. loanDepot received the honor
for the continued advancement of its industry-leading proprietary
mello platform, a technology-driven ecosystem that delivers ease,
speed, and hassle-free transactions for both customers and
originators.
“As we continue advancing the vision for which loanDepot was
founded, to support the American dream of homeownership by
modernizing mortgage lending and setting innovation standards for
the industry, we’re so encouraged by this honor,” said loanDepot,
Inc. President and CEO Frank Martell. “Technology is the foundation
of our Vision 2025 strategy – it quite literally opens the door to
opportunity for our customers, and as we continue to deliver
significant innovations through the current market cycle, we’re
positioned for growth and success on the other side.”
Since the launch of Vision 2025 in July of 2022, the Company has
introduced several new capabilities, most notably its fully
automated melloNow underwriting engine, which delivers a
conditional loan approval to customers in minutes rather than hours
or days by utilizing a fully digital verification process. The
engine swiftly analyzes credit reports, detects fraud, and
validates income and employment data at the point of sale,
instantaneously generating unique borrower conditions. Other recent
technological advancements included the rollout and scaling of a
national digital HELOC offering and the upgrading of the company’s
direct lending customer acquisition platform.
“Our approach to technology is always in service of improving
the loan origination process and experience for our originators
and, ultimately, our customers,” said loanDepot Chief Information
Officer George Brady. “Our team continues to innovate and create
new ways to make it easier, faster, and less stressful to purchase
a home – and to support our customers throughout their entire
homeownership journey.”
The Tech100 award marks the second time in recent months that
loanDepot’s tech innovations have been recognized by HousingWire.
Brady received the outlet’s “Tech Trendsetters” award at the end of
2023 for his leadership and his team’s accomplishments in the
industry.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240206301474/en/
Jonathan Fine VP, Public Relations (781) 248-3963
jfine@loandepot.com
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