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loandepot is closing

LoanDepot Is Closing It’s Wholesale Channel After $232M Loss

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LoanDepot Is Closing It’s Wholesale Channel After Losing $232 Million In The Second Quarter California-based LoanDepot is closing its wholesale division amid plummeting origination volumes. The company is also seeing a widening of it’s financial losses in the second quarter. The decision to close the channel also reflects fierce competition in the broker space. It’s a […]

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LoanDepot Is Closing It’s Wholesale Channel After $232M Loss Read Post »

struggling LoanDepot

Struggling LoanDepot Will Cut Nearly 5,000 Jobs In 2022

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Struggling LoanDepot Will Cut Nearly 5,000 Jobs In 2022 As Part Of A Restructuring Plan Struggling LoanDepot is the latest lender to announce layoffs. The company is preparing to lay off the largest number of employees in the mortgage industry this year. The company is eliminating 4,800 jobs over the course of 2022.  LoanDepot is

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Struggling LoanDepot Will Cut Nearly 5,000 Jobs In 2022 Read Post »

LoanDepot CEO

LoanDepot CEO Accused Of Pushing Garbage Loans To Investors

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LoanDepot CEO Tony Hsieh Accused Of Trying To Push Garbage Loans To Investors And Running LoanDepot Like A Frat House A bombshell lawsuit alleges LoanDepot CEO Tony Hsieh of trying to dump garbage loans on investors. The suit alleges LoanDepot closed loans without the proper documentation. It also states this was done to increase LoanDepot’s

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LoanDepot CEO Accused Of Pushing Garbage Loans To Investors Read Post »

AIME

AIME Accuses Quicken Loans Of Screwing Veterans On VA Loans

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AIME Accuses Quicken Loans And Other Major Retail Lenders Of Scamming Veterans On VA Loans The mortgage trade group AIME is claiming that Quicken Loans and other lenders are taking advantage of VA borrowers. Association of Independent Mortgage Experts CEO Anthony Casa alleges lenders are overcharging them for their mortgages. and overcharging them for their

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AIME Accuses Quicken Loans Of Screwing Veterans On VA Loans Read Post »

LoanDepot

LoanDepot CEO Tells Employees To Quit Whining And Complaining

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LoanDepot CEO Anthony Hsieh tells Employees To Quit Whining And Complaining LoanDepot CEO Anthony Hsieh is reportedly fed up with his unhappy loan officers. He allegedly blasted out an email to his loan originators telling them essentially to, “Suck it up, snowflakes!” It appears Housingwire received a copy of the email from Hsieh. Hsieh is

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LoanDepot CEO Tells Employees To Quit Whining And Complaining Read Post »

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