loanDepot, Figure team up on streamlined home loan and equity products
loanDepot is partnering with Figure to power its 5×5 HomeLoan, promising approvals in minutes and funding in days across all 50 states.
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loanDepot reports $108M loss in 2025 even as volume, margins improve
loanDepot cut its 2025 net loss to $108 million as revenue rose 12% to $1.19 billion, but margins fell to 324 bps in Q4.
West Capital Lending sues loanDepot, alleges unlawful pay scheme
West Capital Lending has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act.
loanDepot executive Alex Madonna departs, starts Trust One Financial
Alex Madonna is departing loanDepot after 16 years and says his new firm, Trust One Financial, will open in early April.
loanDepot’s Q3 loss narrows as revenue climbs 14%
loanDepot CEO Anthony Hsieh reiterated confidence in the company’s ability to “profitably regain market share.”
Tammy Richards joins NEXA Lending as chief strategy officer
Tammy Richards joins NEXA Lending as chief strategy officer, aiming to drive national expansion and strategic growth.
Griffin Funding alleges West Capital Lending, former LOs diverted borrower leads
New lawsuit reignites debate over lead ownership and data transfers as loan officers move between lenders and brokerages.
Mortgage executives call for a renewed leadership model
A panel of senior mortgage executives at The Sales Mastery event talked about how leaders should be adding value in this market.
loanDepot claims West Capital Lending used illegal playbook to become a top brokerage
loanDepot is accusing West Capital Lending (WCL) of hiring hundreds of loan originators as independent contractors and paying them revenue splits.
loanDepot challenges class-action suit tied to LO comp rules, steering
loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.”