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loanDepot and LGI Homes Debut - GuruFocus.com


PR Newswire
SCOTTSDALE, Ariz., April 29, 2021
SCOTTSDALE, Ariz., April 29, 2021 /PRNewswire/ loanDepot.com, LLC, a subsidiary of loanDepot, Inc. (NYSE: LDI ), the nation s third largest retail mortgage lender, and LGI Homes, one of the fastest growing home builders in the nation, today announced an exciting new joint venture partnership named LGI Mortgage Solutions. The new venture is a perfect pairing of LGI s dream fulfillment focus and loanDepot s commitment to delivering exceptional lending experiences, one home at a time.
LGI Mortgage Solutions is a robust partnership between two best-in-class companies with well-matched values and quality standards, said Dan Pea, executive vice president of national joint ventures for loanDepot. Having been a preferred lender with LGI Homes since 2015, we have been extremely impressed by each other s ability to scale while still delivering industry-leading customer service. ....

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How (And Why) loanDepot Is Courting Homebuilders Now


Inman Connect
After growing into the nation’s fourth-largest mortgage lender largely by refinancing loans provided directly to consumers, loanDepot is looking to build its purchase loan business by forming more joint venture partnerships with homebuilders.
A joint venture with Woodlands, Texas-based LGI Homes announced Thursday is the third such deal inked by loanDepot in a little more than four months. The company announced joint ventures with Schell Brothers in March and Brookfield Residential in December.
Each of the joint ventures will utilize loanDepot’s end-to-end digital lending platform, mello, which the company introduced in 2017 after pouring $80 million into its development over 18 months. ....

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CRM, Ops, Consumer Direct, AE, LO Jobs; JV and MSA Updates; Redwood Trust Results; CFPB Action


CRM, Ops, Consumer Direct, AE, LO Jobs; JV and MSA Updates; Redwood Trust Results; CFPB Action
Apr 30 2021, 8:26AM
How are we 1/3 done with 2021 already? Few are sitting on their hands as the months roll on. Exxon had its first profitable quarter since 2019. Fannie Mae posted its first quarter results this morning: $5.0 billion net income for the first quarter of 2021 (compared with $4.6 billion for the fourth quarter of 2020), and its net worth increased to $30.2 billion as of March 31, 2021. In regulatory news, the CFPB took action against a reverse mortgage lender for deceptive advertising. And in IRS news, you don’t need new taxes if you enforce the old ones. Lots of loan officers made a lot of money in 2020, but you’ll need a net worth greater than $4.4 million to be in the top 1 percent in the U.S., and I mention this because the IRS and the Biden Administration believe that as much as $1.4 trillion in additional revenue could be raise ....

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LGI Homes, loanDepot enter joint venture


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