After months of beta testing, loanDepot's melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance
Available everywhere except New York, loanDepot's new 'accessZERO' program provides a down payment of up to 5% in the form of a 10-year fully amortized 2nd mortgage
Dan Hanson, the former head of loanDepot's retail division, will develop 'new revenue-generating opportunities' as the lender's new executive director of enterprise partnerships and acquisitions
As lenders pivot from refinancings to purchase loans, loanDepot builds on its track record of partnering with homebuilders