Articles Tagged with ''Anthony Hsieh''

loanDepot CEO Anthony Hsieh shuts down 10 rumors about his company

Writes straight-forward post on LinkedIn
Anthony Hsieh is the founder and CEO of one of the most prominent nonbanks in the industry, loanDepot. For a CEO of a company that has funded more than $100 billion in loans since its inception, he regularly opens up a seat at the table for others to listen in on what it’s like to be at the helm of one of the biggest mortgage companies. Anyone who follows Hsieh on LinkedIn is privy to this. This latest post, in particular, caught a lot of attention.
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loanDepot reaches landmark $100 billion in funded loans

Since inception in 2010
loanDepot kept busy the past seven years since it launched into the housing finance market after the financial crisis. And all the hard work is paying off as the nonbank announced it funded $100 billion in home, personal and home equity loans. And Chairman and CEO Anthony Hsieh says that the company isn’t done growing.
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loanDepot acquires Closing USA and American Coast Title

Adds more than 120 professionals
loanDepot announced two major acquisitions on Thursday, adding Closing USA, a national title, escrow and settlement company, and its affiliate, American Coast Title, to the company. The news expands loanDepot’s national licensing footprint for title, escrow and settlement services to more than 30 states and Washington, D.C.
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loanDepot opens direct-lending production center in Michigan

Sees excellent hiring potential in area
Another lender is eyeing the Detroit area for its employee potential. The city is already home to companies such as Quicken Loans and United Wholesale Mortgage. And now, loanDepot announced it is opening a new direct-lending production center in the area. The Detroit comeback continues.
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loanDepot officially withdraws IPO filing

Filed public offering nearly one year ago
loanDepot officially requested that the Securities and Exchange Commission withdraw its initial public offering filed nearly a year ago after it decided to go a different route to raise money. According to the SEC filing, the move "would be consistent with the public interest and the protection of investors."
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loanDepot CEO explains IPO cancellation

"IPO continues to be an option"
loanDepot Chairman and CEO Anthony Hsieh published a company blog to explain his thoughts on pulling its IPO, saying, "Unlike other IPO candidates, we’re already moving forward with our plans because of our capital reserves and the investor confidence we’ve earned beyond the IPO market. And while an IPO continues to be an option, perhaps one day in the future, it’s not a necessity."
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Sources: loanDepot readies IPO filing

Latest game-changing move gets mortgage market buzzing
Industry sources close to the company said loanDepot is getting ready to file an initial public offering after making significant strides in the industry this year in an attempt to become the No. 1 nonbank consumer lender. Read on to learn about their latest move.
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