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$100 dollar bills Photo by Dmitry Demidko on Unsplash |
The country’s second-largest nonbank lender and fifth largest retail mortgage loan provider, Loan Depot is experiencing exceptional growth. The rapid expansion is fueled by its mello smartloan™ loan process, a comprehensive digital end-to-end proprietary technology. To sustain this growth, it will have added close to 1,400 new jobs by the end of 2019.
Around 1,000 loan officers are being added in or close to the lender’s five direct lending national locations, while approximately 300 more are being added in the firm’s local retail branch locations. Loan Depot’s wholesale and joint venture channels are also receiving new hires. Of the new hires, at least 450 are undergoing Loan Depot’s ACES loan officer training program, which is popularly viewed as one of the nation’s top financial services training program.