The combined forces represent more than $15 billion in annualized origination volume, a balanced portfolio of refinance lending and purchase lending, and a quick-to-grow service business. The two companies have 2,200 employees, with more than 700 licensed loan consultants.
The combination of loanDepot and imortgage marries the complementary capabilities of both organizations to form what is arguably one of the best positioned lenders of the post-crisis mortgage industry, Hsieh said, in a written statement.
With 56 retail lender branches, I am excited to see this merge happen. It is expected to close in the fourth quarter of 2013. For more information on how this can help you, contact one of my partners at loanDepot:
Greg Coughlin: gcoughlin@loandepot.com
Author: Erin Bican
Phone: 520-991-1440
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