loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, “loanDepot” or the “Company”) announced today it has expanded its market presence with the launch of a new wholesale lending channel under the leadership of President of Partnership Lending Dan Peña.
Built on the Company’s proprietary mortgage platform and designed for mortgage brokers who value competitive pricing, a full array of products, and high-touch support, loanDepot’s wholesale lending channel delivers a white-glove, relationship-first experience that combines online convenience with direct support.
Peña, who brings more than 20 years of success driving growth in the company’s joint venture business, said, “We’re building this wholesale channel with the same relationship-first commitment that has powered our joint venture success for the past two decades. Brokers deserve a partner who shows up for them—seasoned account executives who know how to earn trust, high-touch support when it matters most, and a team that understands their business. We’re combining that relationship-driven approach with the digital convenience and efficiency brokers expect today, creating a best-in-class platform our broker partners can rely on to deliver an exceptional experience to their customers.”
Added loanDepot Founder and CEO Anthony Hsieh, “Serving brokers through wholesale naturally expands our multi-channel origination strategy and complements our direct-to-consumer, in-market retail, joint venture, and servicing businesses. By leveraging the existing shared services infrastructure of our joint venture channel, we are well positioned to scale this business and add a new source of profitable growth.”
As part of the expansion, mortgage veteran Matt Mancasola, who brings more than 25 years of experience in the wholesale channel, has returned to loanDepot to serve as vice president of wholesale lending. In addition to loanDepot, Mancasola previously held leadership roles at Wachovia Securities (now Wells Fargo Advisors), Caliber Home Loans (now Newrez) and Homepoint.
If you are a broker interested in speaking with loanDepot, contact Matt Mancasola at mmancasola@loandepot.com.
