LoanDepot

LoanDepot is a nonbank mortgage lender based in Foothill Ranch, California. Founded in 2010 by Anthony Hsieh, LoanDepot offers a variety of mortgage products, including conventional, FHA, VA, and jumbo loans, as well as refinance options. The company operates through a network of licensed loan officers and an online platform.

LoanDepot's business model involves originating, underwriting, and servicing mortgages. They also engage in mortgage-backed securities trading. The company went public in 2021 (NYSE: LDI), but subsequently went private again in 2023.

LoanDepot has faced regulatory scrutiny and has been subject to settlements related to its business practices. These settlements have involved allegations of deceptive advertising and improper lending practices. The company has also experienced fluctuations in financial performance, reflecting the cyclical nature of the mortgage industry.