MODERN LENDING is here.
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loanDepot loanDepot is a non-bank lender offering home loans nationally. Headquartered in Southern California, the company operates Direct, Retail and Wholesale business channels.
LARGEST NON-BANK LENDER
Licensed in all 50 states, loanDepot generates loan production from 12 operational centers, employs 4,500 mortgage professionals including 2,000 loan consultants working from 200+ branch locations across the country. loanDepot is an approved seller and servicer for Fannie Mae, Freddie Mac and Ginnie Mae.
A CONTEMPORARY CONSUMER FINANCE BRAND
loanDepot is the only contemporary brand amongst the top retail lenders in the U.S.
loanDepot 2018 Total Volume $14.6B
Top Retail Originators: 12M2018
Quicken Loans Inc
Wells Fargo & Company
Bank of America Home Loans
Fairway Independent Mort. Corp
Guaranteed Rate Inc.
U.S. Bank Home Mortgage
Caliber Home Loans
Guild Mortgage Co
RANK LENDER 1
Source: Inside Mortgage Finance, Copyright 2019
Year of Brand Founding
loanDepot Annual Originations $45 $40 $35 $30 ($ in Billions)
BANK OF AMERICA
$2.5 BILLION+ ORIGINATED MONTHLY IN 2018
$15 $10 $5
Helped 130,000 Home Owners & Buyers in 2018
OUR JOURNEY TO THE FUTURE OF LENDING Founded in 2010, Privately held; majority-owned by management
Scale to 2nd largest non-bank consumer lender in U.S.
JULY 2017 $135B Funded
1st non-bank lender to develop non-mortgage, consumer loans to establish proprietary product development capabilities
• $100+ million invested in next generation technology - melloTM
• VA Renovation Loans launched • Beta testing of Digital Purchase Lead Program (DPLP) begins
• $100 billion funded in 7 years since inception
loanDepot named #1 Retail Volume Lender
As listed by Scotsman Guide Magazine
loanDepot launches proprietary Jumbo Advantage Program 2017
• Anthony Hsieh, the first mortgage CEO, to speak at Inman Connect Conference
Official launch of Digital Purchase Lead Program (DPLP)
• mellohomeTM founded with top real estate executive, Chris Heller, as CEO
DEC 2018 Modern Lending Playbook Launched
Anthony Hsieh named Executive of the Yearby Lendit Fintech
Launch of mello™ Application & mello™ smartloan loanDepot developed an easy-to-use web app that allows our customers to take control of their mortgage journey. We also launched the mello™ smartloan, the complete, end-to-end digital mortgage designed to delight today’s online-savvy consumer
MEET ANTHONY HSIEH
“Now is the opportunity to define, shape and lead the lending industry in a way that only comes along once in a lifetime.” ANTHONY HSIEH, Founder & CEO
Anthony Hsieh is the Founder and CEO of loanDepot and the Founder of mellohome. A national mortgage industry expert and innovator who has successfully navigated multiple housing and economic cycles spanning 30+ years, Mr. Hsieh is known for his vision, his innovative spirit and his market timing. The companies that Hsieh has founded over the course of his career are recognized for their pioneering approach in their industry and for the business integrity by which they are operated. A champion for optimizing the customer experience, Hsieh is the driving force behind the digital lending revolution. His latest vision, mello, is a fully digital web-based lending ecosystem that is creating faster, smoother lending experiences and is forever changing the way consumers leverage credit.
ANTHONY HSIEH Founder & CEO
ANTHONY HSIEH IS ON A MISSION TO REVOLUTIONIZE THE CONSUMER LENDING EXPERIENCE.
Additionally, Hsieh is forcing disruption in the real estate industry with mellohome, which when partnered with loanDepot, is creating a seamless purchase and selling experience that eliminates an often-cited pain point: communication. Hsieh’s expectations are that mellohome, in partnership with loanDepot, will become a transformational business model that will reshape both the lending and real estate industries. loanDepot’s focus on excellence is one of the key factors that has powered its 70 percent year-over-year origination growth and its ranking as the nation’s fifth largest retail mortgage originator and second largest nonbank consumer lender. The company has funded more than $165+ billion in lending nationwide since inception, focusing on home purchase and home refinance, as well as home builder and Joint Venture programs.
Follow Anthony on LinkedIn to learn more about our dynamic and growing company.
MEET OUR LEADERS JEFF WALSH
INNOVATORS TAMMY RICHARDS
CHIEF OPERATING OFFICER
Jeff Walsh has been instrumental in transforming the technological development of loan products, production and operations of wholesale lending and enterprise-wide operational systems. Under Jeff’s leadership, the company’s wholesale channel has become the broker partner of choice for independent licensed loan officers nationwide.
CHIEF RETAIL PRODUCTION OFFICER Dan Hanson is leading the transformation of the company’s retail production team to achieve its ambitious goals. Dan is responsible for developing loanDepot’s future enterprise growth strategy and platform for the company’s retail sales production team. He is also leading the sales organization through further expansion and an increased scope of origination opportunities nationwide.
EVP, CHIEF OPERATING OFFICER
EVP, NATIONAL SALES Bianchi has almost 30 years of experience leading nationally-recognized sales organizations and inspiring high performance, customer-centric sales cultures. He is widely considered to be a transformative leader and one who understands the needs of top and emerging producers. In addition to being a well-respected leader, Bianchi is a top performer and has been recognized as one of the top five mortgage originators in the country. Prior to joining loanDepot, Bianchi served as EVP, National Retail Lending for Caliber Home Loans, and held sales leadership positions with Bank of America and Countrywide Home Loans.
In her role, Richards is responsible for the growth and refinement of our loan production processes including underwriting, processing, funding and closing, and quality assurance protocols. Her charter further embeds integrated tech application and process-driven insights to simplify and improve our consumer-facing loan processes.
VP, RETAIL BUSINESS DEVELOPMENT
Shane is responsible for driving growth throughout the entire loanDepot retail enterprise through organic sales force growth and volume creating initiatives. Shane was recognized with HousingWire’s Rising Stars in 2016 as one of the 50 young leaders energizing the industry.
Total Volume Funded in 2018
D E D I C A T E D
B O R R O W E R S
in loans funded throughout the U.S. since 2010
Customers served in 2018
N A T I O N W I D E
NMLS#12345 (508) 123-4567
LOAN OPTIO NS
OUR GOAL IS TO BE THE LENDER OF CHOICE &
THE EMPLOYER OF CHOICE
BY BEING A COMPANY THAT OPERATES ON SOUND
EXCEPTIONAL VALUE ETHICS & TRANSPARENCY
DIGITAL DISRUPTION DRIVING INNOVATION
Best-in-class digital origination tools and fulfillment processes empower our loan
consultants and referral partners to enhance their business and grow market share.
We’ve invested over $100 million into the melloTM digital platform, providing proprietary technology to meet the challenge of this everevolving digital revolution.
Our team of over 450+ technologists are exclusively dedicated to achieving loanDepot’s purpose – becoming one of the most innovative fintech companies in the country.
SECOND-TO-NONE STRATEGIC PARTNERS In addition to proprietary technology development, we’ve aligned with the most innovative technology partners available.
“We have a special spirit in this company where we will do anything — as long as it is with integrity and well within ethical boundaries — to win. Combine that with our strategy to empower our people, invest in creating cutting-edge custom technology — technology no one else has — led by a strong, proven management team, and we are creating a competitive advantage impossible to beat.” ANTHONY HSIEH, Founder & CEO
At its melloTM Innovation Lab, loanDepot assembled a team of world-class engineers and challenged them to create a better mortgage experience, one in which customer satisfaction was exponentially increased and the cost of loan manufacturing was markedly reduced. The end result was the development of proprietary technologies that allow for automation of all back-end loan operations, enabling data to be intelligently processed through proprietary loan engines. This process allows validated, expanded data to be used all the way through loan processing, closing and funding.
BLENDING TRADITIONAL & MODERN LENDING MODELS *The survey, conducted by Drive Research in July 2018, and based upon a random national sampling of nearly 1000 home purchase customers.
73.5% of homebuyers say they sought out home financing options before they began looking for a home. Among first-time homebuyers, that number rose to 85.1%*.
Real Estate Agent
Title & Closing Agent
WHY REAL ESTATE IS PRIME FOR DISRUPTION No longer an MLS monopoly Old technology & inefficient processes Compensation disconnection from service provided Non balance sheet business Massive wealth market with control of ancillary services
Title & Closing Agent
Real Estate Agent
WHATâ€™S LIKELY TO HAPPEN IN B2B/B2C MARKETS Consumer behavior changing the referral paradigm Banks consolidating from retail New non-bank technology players (balance sheet) 1 out of 7 refinances are already disrupted New players entering the real estate market Growing trend for consumers to seek financing first
• Puts Your Borrowers in Control of Their Mortgage from Application to Digital Document Upload
• Web-based, Intuitive, Responsive • Quick Credit, Application, AUS
• Ability for Borrower to Instantly Retrieve Their Income and/or Assets Through the Digital Mortgage Application
• Customized Loan Comparisons, Pre-quals, & Worksheets • Pipeline Dashboard & Management
• More Streamlined and Accurate User Experience Frees Up Loan Consultants to Drive Sales
CRM & MARKETING • Realtor & Partner Co-Marketing System
• View, Upload, Acknowledge and Sign Docs
• Realtor & Loan Consultant Marketing Library • Easy Management of Past, Present and Future Leads, Clients and Business Partners • Integrated with Website, LOS & POS
CONSUMER PORTAL • Secure Document Management System
• Single Property Websites
POINT OF SALE
L O A N C O N S U LT A N T S
• Secure Messaging Between Borrower, Loan Consultant, & Processor • Access to Historical Loan Details & Docs
L O A N C O N S U LT A N T S .
THE SMARTER WAY TO MORTGAGE
Upfront collection of income, assets and employment, combined with PIW, results in a 23-day average improvement in turn times from app to close vs. time consuming paper collection!
Automated underwriting of the appraisal report eliminates archaic hand-offs to multiple departments, providing customers with comfort and surety of the value of their home much earlier in the process!
SMART. Do more with mello™
Digital title can come back clear-to-close in as little as an hour!
Customers can review their documents in the comfort of their own home and reduce the time at the closing table to well under an hour!
mello smartloan™ uses proprietary mello™ technology and intelligent data to shave up to 80% of the work required from application to loan close and, in many cases, bypass costly and time consuming appraisals—enabling loan originators to deliver results in minutes.
SIMPLE. SECURE. SMART The mello smartloan™ virtually eliminates all the legwork and stress associated with obtaining a mortgage, and puts the power in your customers’ hands to stay competitive in today’s market! In just a few a minutes after applying, loanDepot can identify the loan that is going to provide borrowers with the greatest potential cost-and time-savings. That translates into a faster, smoother and more certain closing!
here’s how it works
We’ll need to gather some basic contact information.
Forget scrambling for paper files, we can seamlessly and securely collect income, employment and asset information without breaking a sweat.
In just minutes, the Loan Consultant will be able to tell the borrower how much they can save in time and money on their loan.
N o w
t h a t ’ s
EXPERIENCE FASTER LOAN ORIGINATION
Originating loans is typically harder than it has to be, but with mello™ POS, we have virtually eliminated the hassles. No more getting lost in a maze of data fields, because mello™ POS guides you to where you need to go, when you need to go. mello™ POS allows Loan Consultants to originate from anywhere. Being tethered to a network is a thing of the past. We are continually working to ensure mello™ POS is the best and most efficient origination platform for loanDepot loan experts. This revolutionary technology is designed to further strengthen the ability to originate with speed and ease.
SIMPLE AND EFFICIENT Perform all the necessary steps from creating a lead to sending a loan to set up all from one system.
DYNAMIC PRICING & LOAN SCENARIOS
PRE-QUALIFICATION MADE EASY
Seamlessly run pricing and generate multiple loan scenarios at once.
Quickly run AUS, and put a fully generated pre-qualification letter in your customer’s inbox with the click of a button.
FAST AND EASY FEE TEMPLATES
SEND TO SET UP SEAMLESSLY
Originate anywhere there is an internet connection whether it is within your branch, at home, or even at a local coffee shop.
Easily & efficiently update fees with the ability to create and customize fee templates to apply to future loan scenarios.
SEND WORKSHEETS DIRECTLY
Validate your loan information, complete your set up submission form & sales checklist, upload a purchase contract and proof of fees, and send your loan to Set Up all from one window.
Dynamic pipeline to easily sort, filter, customize, and view all of your applicable loans.
Easily generate and email Loan Detail & Fee Worksheets and Loan Comparison Forms to your customers and partners directly from POS.
EXCELLENCE WE ARE COMMITTED TO BEST IN CLASS WITH INTEGRITY.
WE TAKE OWNERSHIP & ACCOUNTABILITY ASPIRE TO & FLAWLESS
EXECUTION AND QUALITY.
BEST TALENT WE EMBRACE DIVERSE BACKGROUNDS AS WE SEEK THE
AND PROMOTE ITS DEVELOPMENT.
THE ULTIMATE OMNICHANNEL, MULTIMEDIA MARKETING PLATFORM
EXTENSIVE MARKETING LIBRARY
Library is complete with over 660 relevant, updated, and eye-catching flyers, postcards, emails, social media graphics and more!
Provides you and your real estate partners free, 24/7 access with direct MLS integration, the ability to create co-branded single property websites, lead capture applications, listing flyers and much more.
With unique content, automated delivery and actionable analytics to help nurture your relationships, at the click of a button.
Technology and media driven inbound lead capture & nurture systems supported by trigger leads, AdWords and a national brand awareness campaign.
PROVIDING THE TOOLS YOU NEED TO GROW MARKET SHARE IN ANY ENVIRONMENT!
IN-HOUSE MARKETING TEAM
INTEGRATED SOCIAL MEDIA PLATFORM
Consists of copywriters, coordinators and graphic designers to support your custom requests.
Accessible anywhere, it seamlessly integrates with your website and LOS. melloTM, empowers you to manage your pipeline, capture and nurture leads, and foster meaningful partnerships all in one ecosystem.
Allows you to engage with prospects, clients, and partners across Facebook, LinkedIn and Twitter with a single sign on. Fully customizable postings allowing you to stay social with minimum effort but maximum return.
Allows you to connect with clients and referral partners on a personal level to increase sales and drive business.
MODERN LENDING PLAYBOOK PREPARING THE LOAN ORIGINATOR FOR THE DIGITAL AGE
showup:evolve “The Modern Lending Playbook is a one of a kind, paradigm-shifting educational powerhouse aimed to advance and empower today’s retail loan officer to leverage the consumer-centric disruption our industry is going through.”
SVP, DIVISIONAL MANAGER
HEAR THE HYPE.
OR BE PART OF IT. showup:evolve
BUILDING YOUR DIGITAL BRAND
Stand out from peers and competition with an authentic personal brand.
DIGITAL MARKETING Discover winning strategies that grow your audience, reputation, and revenue!
What does your local market care about?
“Developing a local marketing plan needs to be the foundation of a Loan Consultant’s business origination strategy. It not only serves as an un-duplicable model which an online lender cannot match, but also allows an opportunity to reach the customer first, grow strong business relationships and showcase tremendous value.”
Take your partnership opportunities and support to the next level.
Systemize and leverage your leads to optimize conversions.
“It’s crucial we master a strong, technologically supported lead management system that can assist us in cultivating massive amounts of customer information and converting more customers into our sales cycle.”
CONSULTATION & QUOTING Improve the customer experience and overcome business objections.
Achieve transactional alignment to better the customer’s journey.
RELATIONSHIP FOR LIFE
Create referral business for life.
A simplified homebuyer experience run by local real estate and lending pros.
mellohome connects pre-approved loanDepot homebuyers with the best local real estate pros. loanDepot sources and vets millions of homebuyers per year, constantly pre-approving buyers who aren’t yet working with a real estate agent. After loanDepot loan consultants confirm these buyers are ready to transact, mellohome pairs them with a verified local agent who shares our standards for smart, responsive service.
GET REFERRALS, NOT LEADS
GROW YOUR BUSINESS, WHEREVER YOU ARE
SEAMLESS, UNINTERRUPTED SERVICE
DIGITAL REFERRALS, HUMAN SERVICE
With traditional leads, you pay for leads upfront whether or not buyers ever close. mellohome gives you ready-totransact customers who’ve received digital credit and underwriting preapprovals, connected with experienced local loanDepot loan consultants, and have requested to be connected with a local real estate expert to start the process of purchasing a home.
Wherever you do business in the U.S., we are there to partner with you and help you serve more local homebuyers. If you already work with a loanDepot loan consultant, they can recommend you for mellohome. If you don’t work with loanDepot, you can still sign up for mellohome to help grow your business by getting connected with ready-totransact buyers.
The mellohome and loanDepot partnership ensures seamless, uninterrupted service throughout the home financing and buying process. We ensure real-time response time and clarity for the client, and are there to help you and the loan consultant. There is no fee for real estate agents to join mellohome, but we do confirm that you meet our membership criteria before we start sending homebuyers to you.
When you’re a part of mellohome, we’ll keep referrals coming your way in real-time through digital delivery so you can track all of your progress with your new homebuyer clients. But whenever you need help tracking progress of a buyer, understanding how our system works, or anything else, just pick up the phone and the mellohome team is at your service.
JOIN THE NETWORK
MANAGE YOUR WAY
FIND A HOME
CLOSE & GROW
Sign-up is free for agents that meet our criteria. Our team will make it quick and easy!
The mellohome team will introduce you to ready-to-transact buyers and the loan consultant who pre-qualified them.
Manage mellohome referrals your way, and let your local expertise and advice shine for the client.
Find the perfect home for your homebuyer.
Only pay a referral fee at closing, so you can grow your business with less cost.
READY-TO-BUY CLIENTS NEED LOCAL EXPERTISE TO CLOSE
DIGITAL PURCHASE LEAD PROGRAM
As one of the nation’s top digital lead aggregators, we have the local
DIRECT TO CONSUMER MEETS RETAIL
connectivity and the power to equip our digital lending pros in this digital age. loanDepot is creating a fully digital experience through our complex infrastructure and powerful technology to enable the transfer of Direct leads to our Retail loan consultants in the most efficient and streamlined way possible. This strategic, one-stop shop, go-to-market approach opens the door to infinite possibilities for our Retail loan consultants.
• melloLeads supports the modern originator with new leads • Marries the Direct and Retail models through superior infrastructure • Unlike anywhere else in the industry, it provides a one-stop shop, strategic go-to-market bundled approach for our Retail originators
Our digital ecosystem supports programs designed to help our loan consultants scale and retain their business: Digital Purchase Loan Program (melloLeads)
Lead Pool Program
Book of Business Retention Program
mellohome has a dramatic positive effect on our purchase business through the expansion of its real estate agent network and the referrals that generates. It’s one of, if not the largest demand gen sources we have, and by far the most cost effective. The leads and fundings it generates are coming out of the pockets of our competitors.
Retail fundings in 2018 increased by
3,289 UNITS over 2017
Fundings originated from mellohome agent leads to ID have increased by
2,389 in 2018
mellohome agent leads made up
of ID Retail purchase funding growth in 2018
Total melloLeads transfers to Retail in 2018:
Total Retail transfers to mellohome in 2018:
CONTINUALLY EXPANDING PREMIER PRODUCT SUITE Fixed and Adjustable Rate Mortgages
Rate, Term & Cash Out Refinances
Conforming & Non-Conforming Loans
Foreign Nationals & ITIN
State / Bond Programs
Second Mortgages & HELOCs
Government Loans (FHA, VA, USDA)
Condo / Co-op Financing
Bank Statement Programs
Since I began my tenure at loanDepot my business has doubled, and this year is projected to triple. This is due to the access to underwriting, product mix and competitively low rates provided to me by this company, which I believe is all a loan officer needs to be successful. I am happy to say there is no better place to be an originator. CHRISTIAN BABCOCK, Senior Loan Officer, Tarrytown, NY
GROUNDBREAKING PROPRIETARY PRODUCTS THE JUMBO ADVANTAGE
In 2017, loanDepot launched The Jumbo Advantage — a proprietary jumbo mortgage product — as a way for our originators to win more market share in the highly competitive jumbo market. This leading product provides our clients a streamlined closing process and highly competitive price. The Jumbo Advantage is fully delegated with underwriting authority to provide 24-48 hour turn times, simple appraisal process (supported by our local appraisers), and in-house condo approvals based on Agency guidelines.
With our Rate Lock Float Down option borrowers can hedge risk against interest rate volatility and potentially save thousands of dollars for a relatively small cost.
JUMBO LOANS WITHOUT THE
A Float Down is a specific type of rate lock with an extra feature: if rates decline between now and the time the mortgage is closed, the borrower can still obtain a lower rate. This way, they are secured against either possibility – should rates rise or fall.
INTEREST RATE BUYDOWNS loanDepot brings customers a variety of flexible interest rate buydown options designed to help free up some cash flow and start enjoying their new home. Buydowns can be a vehicle to provide upfront flexibility to lower monthly mortgage payments, thus enabling borrowers to help achieve financial goals. Our current available buydown options include: •
Buydown | 1.5-0.5 Buydown | 2-1 Buydown
The buydown funds may come from the borrower, builders, sellers or another interested third party and is subject to interested party contribution limitations. (For VA loans, the buydown funds may only come from the seller, including builders).
REDUCED MORTGAGE PAYMENTS
Our story is long from over. This is just the first chapter. As we all unite together under the powerful loanDepot brand, we’re making huge investments in our future — in brand recognition, technology, and people — pumping a billion dollars back into the economy every year. We are setting the pace, and others are watching, following us and trying to emulate us... we are positioned to win the next 93 years as we build a 100-year old brand together.
— ANTHONY HSIEH, Founder & CEO
POWER SQUAD No matter your traditional style of business, we have invested in the industry’s best leaders to support and coach you to bring your business to the next level. There are no limits to where you can take your career with these valuable programs and specialists.
RENOVATION SPECIALISTS We have Renovation Specialists that are regionalized for optimal loan officer renovation lending support. They are assigned at application and manage the renovation loan until completion – giving clients a single point of contact throughout the process. What makes our process unique is that all renovation functions are completely managed in-house, including all draw functions to establish top tier service to your clients. Our renovation support will ensure every renovation training and transaction will be easy, smooth and a springboard for more referrals.
IN FHA 203K ORIGINATIONS*
ONE OF THE ONLY LENDERS OFFERING
FANNIE MAE HOMESTYLE LENDER SINCE
*Source: 2018 HUD Endorsement Report
INTERNAL CONDO TEAM
SCENARIOS & INCOME DESK
loanDepot’s internal Condo Team identifies condo and co-op transactions at application and works quickly to establish warrantability. They take the hassle out of reaching out and obtaining all required documentation by utilizing and maintaining our proprietary project database. They will also assist in obtaining GSE approval for established projects that are currently not eligible. This team also supports builder functions with GSE approval submissions for new construction transactions and advises developers in structuring projects to meet GSE guidelines.
Combined, our powerhouse Scenarios Team has over 100 years of experience in residential mortgage sales, operations and customer service. Every team member has a positive can-do attitude and is committed to providing clear, concise communication on how to best structure a deal and present it to underwriting.
In house database with 5K projects Currently working with 50+ developers on new projects Nationwide expertise including Co-ops, broken projects & non gut conversions
Their primary mission is to support sales and operations by marrying specific lenders and programs with unique applications. The scenario desk also performs tax return reviews/analysis. Through open channels of communication with internal and external business partners they clarify and vet credit policies giving you an edge against the competition. By providing consistently accurate and viable lending solutions our loan officers are able to find the perfect one to their ‘one of a kind’ lending scenario.
PRODUCTS Extended Lock Program – Lock rate up to twelve months with float down option prior to close. This flexible option allows borrowers to hedge risk as their home is being completed.
Lock-n-Sell – Features a 30-day, no charge float down prior close. Allows builders to quickly reduce inventory while at the same time incentivizing potential buyers to make a purchase decision today.
POWERFUL BUILDER PRODUCTS & PROCESSES
WE’RE FAMILIAR WITH EVERY NUANCE IN THE BUILDER SECTOR. OUR RELIABLE PRODUCTS WILL TURN ANYONE’S UNCERTAINTY INTO CONFIDENCE.
–D an Peña
Senior Vice President | National Joint Ventures
Jumbo Loans – Multiple options that extend the credit box beyond one lender. A competitively priced proprietary Jumbo Advantage is designed to provide a controlled process for your Jumbo customers. Eliant Customer Satisfaction scores exceed 90% for
PROCESSES melloTM smartloan & Builder Express – Proprietary technology and processes streamline the mortgage for our buyer and builders. Partnership Opportunities – loanDepot aligns with builders in several strategic ways including Preferred Lender, co-branded marketing, MSAs, LenderExpress, and Joint Ventures.
Minimal Overlays – Compared to most lenders, our minimal credit overlays result in faster approvals with expanded options for buyers. CLOSED OVER
NEW HOME BUYER LOANS IN 2018
5 YEARS STRAIGHT New Home Lender Rankings:
#5 NATIONALLY #1 PRIVATE LENDER New Home Lending Volume for 2018
OUR LIFETIME GUARANTEE
loanDepot understands the needs of a borrower today may require a different lending solution in the future. In an effort to evolve together, weâ€™ve brought forth the Lifetime Guarantee. After a loan funds with us, weâ€™ll waive the lender fee and reimburse the appraisal fee on any future refinance with
Our Lifetime Guarantee gives borrowers the flexible option to obtain the property they want today, and opt-in for a no fee refinance in the future, should their needs change down the road!
Most home owners will refinance their mortgage every 7 years. That means over the course of a 30-year mortgage your clients are likely to refinance at least 4 times, twice during a 15-year mortgage. That can mean thousands in lender and appraisal fees every time.
*loanDepot Lifetime Guarantee: Terms and conditions apply. Please refer to the website: www.loanDepot.com/MyGuarantee for the most current terms and conditions as they are subject to change without notice.
MOST HOME OWNERS
4X 30-YR LOAN 2X 15-YR LOAN OVER LIFE OF OVER LIFE OF
lenderExpress allows banks, credit unions, and lenders to contract with loanDepot as a Lending Partner. Lending Partners receive lender paid broker comp for completion of certain preliminary origination tasks.
WHY ALIGN WITH A CONTEMPORARY LENDING BRAND?
of regional and community banks are collaborating with fintechs.* of regional and community banks feel that working with fintechs is “absolutely essential” or “very important” to their institution’s success.*
THE PROCESS Step 1
Loan Consultant (LC) receives notification of a new loan in email from Lending Partner (LP), containing: • Application • Financial Docs • Notice and Authorization
LC onboards loan into mello™ and sends loan number to LP. LC inputs the LP source code in POS (same day).
Within 24 hours of entering a new loan into mello™, LP sends to LC: • P DF of flood certification • Certification Form
LC uploads Certification Form and PDF of flood certification.
Operations coordinates to close the loan.
Lending Partner is paid lender paid broker comp at closing by the escrow company via check.
loanAdvantage is an employer benefit program offered by loanDepot that provides closing cost discounts, educational opportunities and personalized guidance to assist an employer’s workforce with future home financing decisions. This complimentary program can be tailored to fit and expand an employer’s benefits package, as well as help you establish a long-term partnership with their employees.
• Expand your current business network by aligning with corporate HR departments. • Establish corporate affinity relationships with local businesses.
LUNCH & LEARNS
• Educational seminars to help employees make better financial decisions. • Brochures, flyers, Powerpoints and other pamphlets available to share with your audience.
$500 LENDER CREDIT • Employees enjoy a lender credit upon closing. • Ongoing educational and consulting opportunities at their place of work.
Trifold Brochure Social Posts
loanDepotCONNECT is a collection of partnership programs that utilize the power of local as a marketing tool, placing the loanDepot brand in the real estate and banking market. • Settlement service providers can partner with Loan Consultants who know their customers to create a streamlined home buying experience. • Partners can earn compensation for services provided to loanDepot such as marketing, originations, and commercial space.
BENEFITS TO LENDING PARTNERS
Opportunity to expand business reach Establishment of preferred service, strategic relationships Convenient home buying for the benefit of all parties Local Loan Consultants who know the customers’ needs
TOGETHER WE CAN DO MORE loanDepot utilizes several partnership programs, including:
The Power of Local Connections
Joint Ventures – Own a piece of a mortgage company
Office Space – Private office or cube space, puts our LCs in your office
Compliant MSAs – Listing and office signage, websites, mail campaigns, and more
Sponsorship Activity – Custom partnership for one or more events
BRAND YOUR BUSINESS, INSIDE AND OUT Discover a selection of more than a million branded promotional marketing items to grow your business. Now you have the ability to order your loanDepot and melloTM branded apparel, gadgets, closing gifts, event and office signage and a whole lot more! We’ve worked hard to simplify your shopping experience so you can win your customers and industry associates time and time again.
THE SHOP: HIGH QUALITY PROMOTIONAL PRODUCTS
• Partnership with the nation’s largest promotional marketing company — offering over 1.1 million products
• Event Branding
• Closing Gifts
• Centrally located warehouse allows for faster turnaround times
• Active Wear
• and more...
• Order in bulk or smaller quantities • Buy more and save with competitive pricing • Dedicated customer service team available 24-hours a day
SHOP GIFTS & SWAG
CELEBRATING THE SUCCESS OF OUR TOP SALES PROFESSIONALS
Our Elite members are result-oriented, courageous, energetic and committed to personal growth. As one of the top-producing Loan Consultants, Branch Managers, Sales Managers and Regional Builder Sales Managers, you will gain an opportunity to align with some of the brightest minds in our company.
Lavish Elite Awards Dinner Ceremony White Glove Experience for All Members Luxurious Locale for a Once in a Lifetime Experience
THE COMPANY THAT PLAYS TOGETHER STAYS TOGETHER
TOGETHER WE GIVE DECORATED MILITARY VETERANS TO STEP ABOARD ANTHONY HSIEH’S BAD COMPANY FOR A #TEAMLOANDEPOT FISHING ADVENTURE
Dedication and tenacity are a part of the power behind #TeamloanDepot and our success in assisting responsible borrowers every year to achieve their dreams. It’s that same level of determination that also inspired us to donate nearly $500,000 and hundreds of hours of time to charities nationwide in 2017. As 2017 came to a close, more than 50 different charities received funding, toys or food from loanDepot— representing a year of continued commitment to support the communities in which we work and live. Throughout the year #TeamloanDepot supported charities from food pantries such as Second Harvest Food Bank, The Community Food Bank in Dallas, and the Greater Boston Food Bank to health-related charities such as United Cerebral Palsy, American Red
Cross, the Leukemia & Lymphoma Society and the Autism Project. Our company helped support various hurricane relief efforts through Habitat of Humanity and the Austin Diaper Drive. As part of our annual holiday festivities, we also donated thousands to local charities such as Make-A-Wish Foundation, and made the holidays brighter with the gift of thousands of toys given to Marine Toys for Tots, Houston Children’s Charity, and Operation Santa Claus.
MILLIONS WE’RE COMMITTED TO BETTERING THE LIVES OF
OF PEOPLE THROUGH ITS PRODUCTS AND CHARITIES
BUSINESS, FINANCE & ECONOMIC EDUCATION • ARTS EDUCATION • HEALTH AND HUMAN SERVICES
BIG BROTHERS AND SISTERS OF ORANGE COUNTY
MAKE A WISH
LEUKEMIA & LYMPHOMA SOCIETY
MARCH OF DIMES
MINNIE’S FOOD PANTRY
TOYS FOR TOTS
THE GREATER BOSTON FOOD BANK
AMERICAN RED CROSS BOYS AND GIRLS CLUB
PHOENIX CHILDREN’S HOSPITAL
NEVER EVER GIVE UP
NATIONAL MULTIPLE SCLEROSIS SOCIETY
Reverse Mortgages: A reverse mortgage is a loan and may result in negative equity. Minimum age is 62. Borrower must continue to pay property taxes and homeowner’s insurance. HOA Fees, if applicable. Must maintain and occupy home as principal residence. This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Loans are subject to credit and property approval. Other limitations may apply. Rates, terms and availability of programs are subject to change without notice.
©Copyright 2019 - Rates, terms, and availability of programs are subject to change without notice. loanDepot.com, LLC, 26642 Towne Centre Drive, Foothill Ranch, CA 92610. All rights reserved. NMLS #174457 (www.nmlsconsumeraccess.org) AZ: Mortgage Banker/Broker with the Arizona Department of Financial Institutions #0911092. CA: Department of Business Oversight under the California Residential Mortgage Lending Act#4131040. CO: Colorado Department of Real Estate under a Mortgage Company Registration. CT: Connecticut Department of Banking as a Mortgage Lender #ML-174457. FL: Florida Lender License number MLD903. GA: Georgia Residential Mortgage Licensee #24020. IL: Illinois Residential Mortgage Licensee #MB.6760709. MA: loanDepot is a Mortgage Lender in Massachusetts License #MC174457. MD: Mortgage Lender by the Commissioner of Financial Regulation #06_18928. MN: This is not an offer to enter into an interest rate lock agreement under Minnesota law. MS: Licensed by the Mississippi Department of Banking and Consumer Finance. NH: Licensed by the New Hampshire Banking Department. NJ: Licensed Mortgage Banker – NJ Department of Banking and Insurance. NY: Licensed Mortgage Banker – NYS Department of Financial Services. OR: License # ML-4972. PA: First mortgage banker by the Department of Banking. RI: Rhode Island Licensed Lender. TN: under Mortgage License No. 110371; VA: mortgage lender and broker by the Virginia State Corporate Commission #MC-5431; WA: licensed by the Department of Financial Institutions under the Consumer Loan Act#CL-174457. Also licensed in: AK, AL, AR, DC, DE, HI, IA, ID, IN, KS, KY, LA, ME, MI, MO, NC, ND, NE, NM, NV, OH, OK, SC, SD, TX, UT, VT, WI, WV and WY. loanDepot.com, LLC and mellohome (a licensed Texas real estate brokerage) are sister companies. (031319 145901)