Nonbank consumer lending

loanDepot to acquire Mortgage Master

Nonbank consumer lender loanDepot announced it will acquire Mortgage Master. In October 2014, the two companies had a combined retail loan funding volume of $1.75 billion, with nearly $70 million in top-line revenue. Combined, the two companies deploy more than 1,200 licensed loan officers nationally, helping to fill the void left behind as big banks continue to reduce mortgage market share.