Another Mortgage Lender Embattled; LoanDepot Faces Disruptions
LoanDepot is one of the nation’s most widespread nonbank mortgage lenders, offering financial solutions and opportunities to homeowners. Based in Irvine, California, LoanDepot allows homeowners to purchase land, refinance it, and strike the best deal in equity costs. After coming into existence in 2010, their history became one of upward growth; two years later, they were licensed in all 50 states and began expansions.