Founded by industry innovator Anthony Hsieh, loanDepot LLC is an emerging-growth nonbank lender offering mortgage and nonmortgage lending products in all 50 states. As America's lender, loanDepot is disrupting finance and redefining the market amid changes in consumer behavior, technology, economic cycles and market consolidation. The company operates under the brand names of loanDepot.com, imortgage, Mortgage Master and LDWholesale. It is licensed in all 50 states, generates loan production from five online business production centers, employs 4,500+ people including more than 1,500+ licensed loan officers, and operates over 130+ lending stores throughout the nation. The company maintains corporate headquarters in Foothill Ranch, CA with Retail, Consumer Direct, Wholesale, Affinity and servicing operations across the nation. loanDepot is an approved seller and servicer for Fannie Mae, Freddie Mac and Ginnie Mae. loanDepot.com, LLC, NMLS # 174457. Learn more at loanDepot.com.
We employ uncompromised ethical standards demonstrating honesty and fairness in every action we take. We treat one another with respect and value each other's contributions.
Employees are our most important asset and biggest competitive advantage. We celebrate successes and recognize achievement. We encourage feedback, suggestions and ideas to surface from anywhere within the organization. We appreciate multiple perspectives and diverse expertise.
We are committed to Best in Class with integrity. We take ownership and accountability and aspire to flawless execution and quality. We embrace diverse backgrounds as we seek the best talent and promote its development.
We strive to exceed customer expectations through dynamic listening and timely responses. We consistently educate our customers and seek to continuously improve our service.
Together we are passionate and determined to stimulate and embrace change and drive innovation. With a devoted sense of urgency, we always do more with less.
Anthony Hsieh is a lifelong entrepreneur and the chairman, chief executive officer and founder of loanDepot LLC, an emerging growth nonbank consumer lender.
He is a national mortgage industry expert and innovator who has successfully navigated through multiple housing and economic cycles spanning 30+ years. He is known for integrity, innovation and market timing.
In 1989 he acquired a mortgage brokerage company and quickly transformed it into LoansDirect.com just as the internet sector was taking off. The company remained one of the most profitable and successful mortgage lenders in the 1990s, and was acquired by E*TRADE Financial in 2001.
In 2002, Hsieh founded HomeLoanCenter.com, the first online lender to offer a full spectrum of home loan products in all 50 states featuring live interest rate quotes and loan offerings tailored to individual borrower needs and credit profiles. Hsieh continued to lead the business for three years after merging IAC/Interactive subsidiary Lending Tree in 2004.
Hsieh launched loanDepot in 2010 with a commitment to responsible lending and customer-first service. The company has nearly doubled in market share every year since 2012, and today employs approximately 4,500 people that includes 1,500+ licensed loan officers.
Always looking to the future, today Hsieh is leading loanDepot LLC into nonmortgage consumer lending to diversify the company's origination portfolio so it remains sustainable in all market conditions and is a national nonbank lender of choice.
John C. Frojen - Chief Financial Officer
As loanDepot's Chief Financial Officer, Jon Frojen is responsible for leading all aspects of the company's financial management across all divisions including loanDepot.com, imortgage and LDWholesale.
Frojen's nearly 30-year record of success in corporate finance, capital markets, mergers and acquisitions, and private equity makes him well-positioned to oversee the next phase of loanDepot's growth journey.
Frojen comes to loanDepot after serving as Chief Financial Officer for Cetera Financial Group, one of the nation's largest independent broker-dealer and investment advisor families. At Cetera, Jon led all financial functions, including acquisition strategy and capital management, as the company grew from $600 million to $1.2 billion in revenues.
Prior to Cetera, Jon was Managing Director for Milestone Advisors, where among other duties he co-founded the Milestone Asset Resolution Company platform for distressed real estate debt. Frojen's extensive experience in the lending industry includes serving as CFO with IndyMac Commercial Lending Corporation, a small balance commercial mortgage lending platform, during the 2007-2008 credit crisis. From 2003 to 2007 Jon was CFO of ResMAE Mortgage Corporation, where as part of the senior management team he led the process to sell the company during severely stressed market conditions.
Brian Biglin - Chief Risk Officer
As loanDepot's chief risk officer, Biglin leads the innovation of new mortgage and nonmortgage loan products, credit risk models, and the connection of capital markets to consumer demand.
Biglin is a widely respected leader in both the lending and technology industries. He was instrumental in developing advanced consumer credit risk, payment and financial product models for companies such as Intuit, PayPal and Microsoft that have enabled profitable and compliant risk growth.
His specialties include credit risk and portfolio management, customer analytics and segmentation, statistical modeling, targeted marketing, and credit product management.
Biglin joined loanDepot in April 2015 after leading global risk, compliance, pricing and risk operations for more than $200 billion in transactions for Intuit's payment, payroll and small business groups. Before Intuit, he served as chief risk officer at PayPal, a subsidiary of eBay Inc., where he led a credit portfolio of $5.8 billion and managed $180 million in credit and fraud losses. At PayPal, he was also responsible for portfolio management strategies, statistical modeling and credit risk product architecture.
His career also includes senior leadership roles in business intelligence, financial modeling, and product development for Washington Mutual, Household Finance, and Bill Me Later.
Biglin earned a bachelor's degree in finance from Brigham Young University Marriot School of Management.
Jeff DerGurahian - EVP, Capital Markets
Jeff DerGurahian was named Executive Vice President of Capital Markets for loanDepot in May of 2012. In this role, DerGurhian oversees loanDepot's secondary marketing and capital markets efforts including investor relations, loan trading, hedging, pricing strategies and product development.
Prior to joining loanDepot, DerGurahian served for 9 years as Executive Vice President of Capital Markets for Prospect Mortgage, LLC and was a Hedge Manager for Tuttle Risk Management Services before joining Prospect (formerly MetroCities Mortgage).
DerGurahian holds a bachelor's degree in Finance from the University of Virginia.
Bryan Sullivan - EVP, Chief Investment & Strategy Officer
Bryan Sullivan joined loanDepot in October 2013 as EVP, Chief Investment Officer. In this role, he is primarily responsible for strategic partnerships, asset acquisitions, operations, financings, corporate capital markets and M&A.
Sullivan has more than 15 years of financial services experience and previously worked at Pacific Investment Management Company (PIMCO) as their lead portfolio manager focusing on private equity investing, asset investing and other special situation investment opportunities.
Prior to PIMCO, Sullivan was a senior member of the Special Situations group at Goldman Sachs focused on private equity, asset investing, lender finance and other distressed and special situations investing. Previously he was a financial institutions investment banker with FBR & Co., focusing on M&A and capital-raising for regulated and unregulated financial services companies. He began his career at KPMG in Los Angeles providing assurance services to financial services clients.
Sullivan has a bachelor's degree in Accountancy from the University of San Diego and is also a licensed CPA in the State of California.
Dominick Marchetti - Chief Technology Officer
As Chief Technology Officer at loanDepot, LLC, Dominick Marchetti oversees the evolution of new technology to support the company's consumer-direct strategy on an enterprise level to enable the further expansion of new lending products across multiple platforms.
Marchetti came to loanDepot from Blueberry Systems, where he was chief operating officer, responsible for product development and the day-to-day operations of the company. Throughout his career, he has created a series of industry portals, credit companies, insurance platforms and an offshore company focused on business process outsourcing.
Marchetti graduated from the University of Arizona with a Bachelor of Science degree in economics.
Peter Macdonald - EVP, General Counsel
Peter Macdonald serves as General Counsel, Executive Vice President for loanDepot, LLC. Macdonald is well-versed in legal, compliance and regulatory standards and has advised financial services clients for more than 15 years. He currently oversees all aspects of the Legal Department including the Legal & Compliance Team and Consumer Finance Protection Bureau Readiness. He also has oversight of all litigation, regulatory compliance, licensing, regulatory exams, quality assurance, customer service, audits, and employment-related legal matters. Macdonald is responsible for managing outside counsel in all 50 states. He and his team are also responsible for communications with borrowers, regulators, state attorneys general, potential and current investors.
During his professional career, Macdonald has participated in the execution of acquisitions, organizational restructuring and the success of fast-growth companies. Prior to joining loanDepot, Macdonald served as General Counsel, VP, and Secretary for Home Loan Center and LendingTree from September 2003 through November 2006. His experience prior to joining the mortgage industry includes counsel to various established and start-up companies, as well as a prosecutor in his role as Deputy City Attorney for the City of Anaheim.
'Your success will be inevitable': #TeamloanDepot spotlight on Marissa Moore, VP Next Generation Lending
Marissa Moore is passionate about taking on new challenges. An inventive thinker, she is constantly challenging herself to come up with new and interesting ways to approach projects that bring fresh solutions to her team. A dedicated #TeamloanDepot associate, Marissa joined the company shortly after its inception, and looks forward to the amazing growth ahead.
“My experience with Anthony and his previous two companies – in addition to his commitment to ethics and integrity – were all I needed to know when I was considering the opportunity to join loanDepot,” she said. “I have always respected how he does business and I knew he’d make this new venture an incredible success.”
And she was right. In these past five years, Marissa has seen the company grow from a handful of dedicated professionals to more than 4,500 strong today, with plans to hire another 1,000 people in the coming year.
“What I love is that we’ve never lost our commitment to our mission or the family atmosphere from when we first started,” she said.
Her role at loanDepot has been equally as exciting and dynamic as the company’s growth. She started as sales manager, where she led a team for two years. Marissa continued to rise through the ranks, with promotions and expanded responsibilities given to her in May 2013, March 2014, and, most recently, on Sept. 4 when she was named VP, Next Generation Lending.
“Marissa is an extremely passionate, production-minded individual who is process and tech savvy, a perfect combination to help us fuel the next chapter of our next generation lending products,” said CEO and Founder Anthony Hsieh.
Marissa looks at every challenge as an opportunity. Prior to the announcement of her most recent promotion, she served a liaison between tech and production, overseeing the entire launch process of new products, from inception to implementation. She said that finding new and creative ways to develop and premiere these innovative products is very rewarding.
“One thing I’d love people to know if they’re considering coming to loanDepot is to walk the sales floor or visit a production environment as soon as you can after starting,” she said. “You will feel the energy and the positivity that radiates from the team. Everyone works hard but there is a family atmosphere that is very special.”
Marissa finds the excitement that exists day-to-day at loanDepot only helps elevate everyone’s game across almost every department.
“The support we receive at loanDepot at all levels is second to none,” she said. “As long as you remain coachable and take advantage of the training, mentorship and leadership development offered to you here, your success will be inevitable.”
#TeamloanDepot spotlight: Alex Madonna, SVP of sales for direct lending
For Alex Madonna, every day is filled with exciting new projects and new objectives.
As one of an original handful of #TeamloanDepot members, Alex Madonna has grown his career along with the company. A mortgage industry veteran and senior vice president of sales for direct lending, he is committed to helping responsible borrowers with their credit needs.
Alex’s first role at loanDepot was production manager. After 18 months, he was promoted to director of national sales. Always looking for the next career challenge, he went to Arizona to help open the Scottsdale online business production center, and then returned to Foothill Ranch as a vice president of sales in January 2012.
While Alex's role has changed over the years, he always finds himself challenged. It was announced Sept. 4 that he was promoted to senior vice president of sales for direct lending, largely due to the leadership and innovation he’s demonstrated as loanDepot has taken its products from a mortgage-only operation to a multi-product line, full-service lender.
“For me to define my greatest challenge at loanDepot is difficult because every single day is a new project, a new objective – so it’s always a quest to achieve something we haven’t before,” Alex said. “It’s kind of an underlying mantra of the company that we are always working to become better; we are always being challenged.”
His experience recruiting and training continually reconfirms our culture at loanDepot is special.
“I think people know quickly – often on the first day – that this company is different,” he said. “When you believe in the vision of this company and let go of your past experiences, that’s when the light bulbs come on for people. This company offers something unique, and they recognize it quickly for themselves.”
When asked what the most standout or significant moments for him at loanDepot were, he said, “That first funding was incredible! The members of our funding team came running from their offices and down the halls and we were screaming and cheering. It was a great experience to be one of the first in the company to help a consumer with their lending needs and be one of the first to fund that first loan.”
His advice to new employees of loanDepot:
“No matter where you came from, if you think, trust and follow the plan, you will be supported and you will find your personal best.”
#TeamloanDepot spotlight: Taryn Barnett, platinum licensed lending officer
Taryn Barnett thanks loanDepot’s innovative Accelerated Career in Effective Sales (ACES) program for her quick ascent to platinum level lending officer. New to the mortgage industry when she came to loanDepot in January, 2012, her ACES training helped her to make the leap from junior mortgage banker to platinum licensed lending officer in less than three years.
“I was nervous coming to the lending industry with no experience, but my mentors assured me I could do it,” she said. “And once I had the opportunity to participate in ACES, I never looked back. As a member of the first class, we were feeling our way around a bit, but I think it only brought us together as a group and helped us all dig deep and support each other.”
Taryn said a core group of her ACES team is still with loanDepot, though some have chosen to focus on different departments such as sales or processing.
“I’m so impressed with the ACES program,” she said. “It continues to evolve and gets better and better. [Senior corporate trainer] Leslie Nguyen is great. I had the opportunity to help out with coaching during a recent ACES program session and I’d love the opportunity to do it again.”
Taryn’s accolades as a #TeamloanDepot member include being named Top National Mortgage Banker in December 2012, just six months after being named a licensed lending officer. In June of this year, Taryn became a platinum licensed lending officer. Executive level – the highest rank – may not be far off.
Now that this one-time rookie is a seasoned vet, what advice would she give to new hires?
“The possibilities are endless at loanDepot and your hard work is recognized and appreciated day after day,” she said. “I find it a wonderful, positive atmosphere and I am surrounded by talented people I learn from every day.”
#TeamloanDepot spotlight: lending officer Yousuf Shah
Yousuf Shah, a senior licensed lending officer on #TeamloanDepot, is a shining example of how bright, talented and motivated individuals can exceed their career goals at loanDepot, LLC.
Yousuf joined the company in May 2014 as a mortgage banker. Wanting to grow his career, he signed up for loanDepot’s Accelerated Career in Effective Sales (ACES) program and completed it in September 2014. In five short months, he was promoted to senior licensed lending officer. Of his many achievements, he recently helped eight borrowers in one day successfully lock in their loan rates.
Those lucky enough to know Yousuf personally are not surprised by his success as he is no stranger to a fast-paced, time-sensitive environment. A former linguist for the military, he completed a four-year tour with Special Forces in Afghanistan in 2014. When his military tenure concluded, he sought insight about loanDepot from his brother, John Afzal, who also is a #TeamloanDepot associate. Impressed with the company’s culture, Yousuf was confident that it would be the ideal place for him to excel.
“One of the things that attracted me to loanDepot is the stability of the company,” he said. “You don’t always find that in this industry; and it’s a growing organization, which is great.”
Better still, the company’s Foothill Ranch headquarters are close to his Irvine, Calif., roots, so he’s never far from his family – or his work family.
When asked what advice he’d give a new hire, he said:
“Every expert was once a beginner. Every pro was once an amateur. If you want something bad enough and you strive for it, anything is attainable.”
Taking the reins of the mortgage market
Finding new and better ways of delivering on our promise to responsible borrowers, even if it means disrupting the status quo, is nothing new for loanDepot. It's part of our DNA and our success in helping consumers achieve their own American dreams. So it came as no surprise when data released Tuesday by the federal government affirmed that nonbank lenders – loanDepot mentioned among them – are changing America's lending landscape.
According to federal government data, in 2014 non-depository independent mortgage companies accounted for 47.2 percent of home purchase loans and 42 percent of refinance loans. That’s nearly half of all mortgages in 2014 – and it’s the biggest share of the mortgage market since 1995. Additionally, more Americans took out mortgages to purchase a home in 2014 compared to the year before, up 4.6 percent over the prior year.
A portion of the increase can be attributed to the fact that many of the large banks, such as Wells Fargo & Co., J.P. Morgan Chase & Co., and Bank of America have opted out of the mortgage arena amid a variety of challenges ranging from compliance to shrinking margins. These institutions are also less inclined to tackle the lending changes required by TRID – a challenge we have embraced – and that we look forward to implementing on Oct. 3.
Americans will continue to want – and need – access to credit as they secure homes for their families. At loanDepot, we're happy to support and encourage the pursuit of the American dream. We do this every day by offering responsible borrowers a full suite of high quality, competitively priced lending products, all supported by superior customer care.
Milestone moment: #TeamloanDepot originates its first home equity loan
At loanDepot, we never stop looking for opportunities to provide our borrowers with the products they need to make their financial dreams a reality.
Today, we marked yet another exciting milestone with the origination of our first home equity loan (a closed-end second mortgage) as part of an early pilot program for our recently announced home equity loan product line. We’re proud to celebrate this exciting milestone as a coast-to-coast team of 4,300.
The home equity pilot program will continue for a few more weeks so we can ensure that every consumer touch point of this newest loanDepot offering delivers seamless, best-in-class service. Once the early pilot is complete, we’ll start expanding the program nationwide and restoring access to credit that has been widely unavailable to American borrowers for more than seven years.
With the rollout of our home equity loans coming so quickly after we introduced our personal loans, loanDepot confirms our commitment as a market-leading brand, fast-tracking as the lending industry’s ultimate game-changer.
We have many exciting product and service innovations on the horizon – all designed with one goal in mind: To provide responsible borrowers with a variety of choices to help them achieve their dreams, while delivering value to our business partners. As always, striving to exceed customer expectations throughout the lending experience remains a top priority for #TeamloanDepot.
We’re extremely proud of our home equity loan team; another exciting milestone achieved and another day well-executed at loanDepot!
We are refining and redefining the future of marketplace lending and we will continue to do so.
loanDepot ranks high on Inc. 5000 list with 604% growth
Inc. Magazine today named loanDepot, LLC one of thefastest-growing private companies in the nation.
With 604 percent revenue growth from 2011 to 2014, loanDepot ranked in the top 15 percent of the 5,000 companies on this year’s Inc. 5000 list at number 746.
The company’s tremendous growth is showing no signs of slowing.
Overall loan funding volume across the loanDepot platform in the first half of 2015 reached $14.3 billion, an increase of 165 percent compared to the first half of 2014, rising from $5.4 billion.
loanDepot’s new personal loans have rapidly gained market acceptance, with funding volume in the first two months after launch, reaching more than $40 million.
In September, the company will start offering home equity loans to become the first marketplace lender in the nation to offer mortgage loans, unsecured personal loans and home equity products nationwide.
loanDepot employs more than 4,300 people and has plans to add more in the near future across the country. The company doubled its office space this year to nearly 1 million square feet nationwide to support its growth and expansion.
The 2015 Inc. 5000, according to Inc. Magazine, is the most competitive crop in the list’s history. The companies on the 34thannual list achieved an average three-year growth of 490 percent. The Inc. 5000’s aggregate revenue is $205 billion, generating 647,000 jobs over the past three years.
The Inc. 5000, started in 1982, is an exclusive and comprehensive list of America’s fastest growing independent companies. It has become a hallmark of entrepreneurial success. Companies on the list have included Pandora, Dell and LinkedIn.
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I have been working at loanDepot full-time (Less than a year)
Great Training, Great environment! Staff Truly Cares! Upper management has an incredible business track record. Opportunity's for entry level up to executive! Growing so fast! We even have a culture Officer ! AN EMPLOYER THAT TRULY CARES! CALL AND TALK TO SOMEONE!!!
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Keep doing what your doing. Grow the junior sales floor to find what each potential customer needs and how we can be of service! We will be the one stop shop for Finance Nationally!
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Getting an Interview
- Accepted OfferPositive ExperienceEasy Interview
I applied through other source. The process took 2+ weeks. I interviewed at loanDepot (Foothill Ranch, CA).
Very smooth process interviewing with the Vice President President so this may not be typical as I think most people interview with managers. Otherwise it was relatively straightforward and simple process where the numbers did most of the talking.
- Main questions were about guideline questions, years of experience and work experience. 1 Answer
This is not a position that you typically negotiate for income.
loanDepot, LLC, is America’s lender offering home purchase and refinance loans, personal loans and home equity products nationwide. The company operates under the brand names of loanDepot.com, imortgage, Mortgage Master and LDWholesale. It is licensed in all 50 states, generates loan production from five online business production centers, employs 4,500+ people including more ...
Mission: Our goal is to be the lender of choice for consumers and the employer of choice by being a company that operates on sound principles of exceptional value, ethics and transparency.