About loanDepot
loanDepot is a company based in Lake Forest (United States) founded in 2010.. loanDepot has raised $71.95 million across 5 funding rounds from investors including Parthenon Capital. The company has 4,900 employees as of December 31, 2024. loanDepot has completed 2 acquisitions, including Closing USA and loanDepot. loanDepot offers products and services including Home Equity Loans, Fixed Rate Mortgage, Refinancing Services, and Mobile App. loanDepot operates in a competitive market with competitors including Better Mortgage, Hometap, Mr. Cooper, Rocket Mortgage and UpEquity, among others.
- Headquarter Lake Forest, United States
- Employees 4900 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Loandepot, Inc.
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Annual Revenue
$1.05 B7.83as on Dec 31, 2024
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Net Profit
$-98.33 M10.72as on Dec 31, 2024
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EBITDA
$133.8 M49.42as on Dec 31, 2024
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Total Equity Funding
$71.95 M (USD)
in 5 rounds
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Latest Funding Round
$150 M (USD), Debt – Conventional
Aug 09, 2016
- Investors
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Employee Count
4900
as on Dec 31, 2024
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Investments & Acquisitions
Closing USA
& 1 more
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IPO & Listings of loanDepot
loanDepot is a publicly listed company on the NYSE with ticker symbol LDI in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of loanDepot
loanDepot offers a comprehensive portfolio of products and services, including Home Equity Loans, Fixed Rate Mortgage, Refinancing Services, and Mobile App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loans to access home equity for renovations or cash needs.
Mortgages with stable interest rates for home purchases.
Options to lower payments or cash out equity.
App for managing loans and making payments easily.
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Software Development Team
93 people
Sales and Marketing
73 people
Leadership Team
54 people
Branch Team
42 people
Product Management Team
21 people
Finance and Accounting
17 people
Loan Team
17 people
Data Analysis and Operations Team
16 people
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Funding Insights of loanDepot
loanDepot has successfully raised a total of $71.95M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $150 million completed in August 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $150.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Debt – Conventional - loanDepot | Valuation |
investors |
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| Jan, 2016 | Amount | Series C - loanDepot | Valuation |
investors |
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| Apr, 2015 | Amount | Series B - loanDepot | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in loanDepot
loanDepot has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Parthenon Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by this private equity fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by loanDepot
loanDepot has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Closing USA and loanDepot. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Nationwide title insurance and escrow closing services are offered.
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2003 | ||||
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Mortgage and refinancing services are provided by loanDepot.
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1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - loanDepot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loandepot Comparisons
Competitors of loanDepot
loanDepot operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Better Mortgage, Hometap, Mr. Cooper, Rocket Mortgage and UpEquity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Residential mortgage loans are facilitated via an online marketplace.
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| domain | founded_year | HQ Location |
Provider of Home loans
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| domain | founded_year | HQ Location |
Provider of an app-based platform for residential mortgage loans
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| domain | founded_year | HQ Location |
Residential mortgage loans are offered via an online platform.
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| domain | founded_year | HQ Location |
Online mortgage loan platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Loandepot
Frequently Asked Questions about loanDepot
When was loanDepot founded?
loanDepot was founded in 2010.
Where is loanDepot located?
loanDepot is headquartered in Lake Forest, United States. It is registered at Lake Forest, California, United States.
Is loanDepot a funded company?
loanDepot is a funded company, having raised a total of $71.95M across 5 funding rounds to date. The company's 1st funding round was a Series B of $19.75M, raised on Jan 05, 2010.
How many employees does loanDepot have?
As of Dec 31, 2024, the latest employee count at loanDepot is 4,900.
What is the annual revenue of loanDepot?
Annual revenue of loanDepot is $1.05B as on Dec 31, 2024.
What does loanDepot do?
Loan Depot is a direct lender for consumer loans including personal loans, home loans and home equity loans. It offers unsecured personal loans of up to 35,000 with interest rate starting at 6.2. It also extends home acquisition and refinancing loans such as ARM Loans, FHA Loans, HARP Loans, Jumbo loans, VA Loans and fixed mortgages. The company also plans to start home equity offering between 25,000 and 250,000 for a fixed term of up to 30 years.
Who are the top competitors of loanDepot?
loanDepot's top competitors include Better Mortgage, Rocket Mortgage and Mr. Cooper.
What products or services does loanDepot offer?
loanDepot offers Home Equity Loans, Fixed Rate Mortgage, Refinancing Services, and Mobile App.
Is loanDepot publicly traded?
Yes, loanDepot is publicly traded on NYSE under the ticker symbol LDI.
How many acquisitions has loanDepot made?
loanDepot has made 2 acquisitions, including Closing USA, and loanDepot.
Who are loanDepot's investors?
loanDepot has 1 investor. Key investors include Parthenon Capital.
What is loanDepot's ticker symbol?
The ticker symbol of loanDepot is LDI on NYSE.
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