Leading non bank lender loanDepot opened the mello™ Innovation Lab where the tech team will continue working to expand their proprietary mello technology; in comments regarding the innovation lab, loanDepot CEO and Chairman Anthony Hsieh said: "Our lending professionals and LD tech team have combined strengths to create an unstoppable force in next-gen lending. Our never-ending, iterative innovation process is the basis of our business strategy and our true competitive advantage."; the mello technology is designed to make loan origination faster, easier and more accurate by integrating marketing tools and third party data; the digital experience is available to consumers, referral partners and lending professionals; this new lab is meant to foster innovation and allow the technology team to work in a unique environment that includes fun activities and nice weather. Source
loanDepot has been steadily becoming one of the US's top mortgage lenders, rivaling both online businesses and traditional institutions; Anthony Hsieh talked with Forbes at LendIt USA about the growth of the business; the company has funded over $100 billion in mortgage loans and is building out a fintech ecosystem that will empower future market growth and product expansion; loanDepot is the third online mortgage company founded by Anthony Hsieh and the company is in its eighth year of operations; Hsieh says the firm is potentially considering an IPO. Source
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