loanDepot Recognized as One of 2024’s “Best Military Lenders” by National Mortgage Professional

Accolade recognizes lenders that go beyond the bottom line, honoring heroes by helping them find homes

IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (“LDI” or “Company”) (NYSE: LDI), one of the nation’s leading VA lenders and a leading provider of products and services that power the homeownership journey, has been named one of the year’s “Best Military Lenders” by National Mortgage Professional. The recognition “celebrates lenders who go above and beyond to serve military members, their spouses, and Veterans,” according to the outlet.

“At loanDepot we feel tremendous respect and appreciation for the many sacrifices of our country’s active-duty and former members of the U.S. military,” said loanDepot, Inc. President and CEO Frank Martell. “Our servicemembers protect all of us and the many freedoms we enjoy as Americans, and that’s why it’s so important that we help them achieve their homeownership and financial goals. This recognition stands as a testament that we are doing right by our heroes.”

Over the past several years, loanDepot has made strategic investments to build a best-in-class VA lending program with industry leading expertise and outreach. Earlier this year, the Company appointed former U.S. Army Sergeant David Smith as Vice President of National VA Lending and recently welcomed U.S. Navy Veteran Bryan Bergjans as National Director of Military Growth and Strategy. Together with loanDepot’s VA Council—comprised of Veterans and Veteran spouses—they provide daily education and guidance to originators and underwriters, who in turn help borrowers navigate the VA application process.

"The VA home loan is one of the most powerful tools our nation’s Veterans and active-duty military personnel can use to purchase a home and build long-term financial security—a benefit they’ve rightfully earned by protecting our freedoms,” said Smith. “It’s crucial that we educate our servicemembers and Veterans, as well as Realtors and mortgage professionals, about the advantages of the program so everyone who qualifies can take full advantage of this well-deserved benefit and the opportunities it provides. We have a strong sense of mission to make a difference in the lives of military families by increasing awareness and adoption of the VA loan, and we’re proud to receive this recognition as a testament to our efforts.”

loanDepot leads with education, offering a VA Masterclass for its originators and free public online training for real estate professionals and consumers to increase awareness, highlight the features, and dispel misconceptions about VA loans. On the product front, loanDepot provides an expansive VA lending portfolio, including programs with a 520 minimum FICO score and one of the industry’s first VA renovation loans, empowering military customers to achieve homeownership and build long-term financial security.

The Company is also proud to invest in organizations that make a positive difference in the lives of military families, including the Marine Corps Scholarship Foundation and War Heroes on Water, which was founded by loanDepot Founder and Board Chair Anthony Hsieh.

CLICK HERE to hear how one U.S. Navy Veteran and his family found their forever home through the VA loan program.

About loanDepot

At loanDepot (NYSE: LDI), we know home means everything. That’s why we are on a mission to support homeowners with a suite of products and services that fuel the American Dream. Our portfolio of digital-first home purchase, home refinance and home equity lending products make homeownership more accessible, achievable, and rewarding, especially for the increasingly diverse communities of first-time homebuyers we serve. Headquartered in Southern California with local market offices nationwide, loanDepot and its sister real estate and home services company, mellohome, are dedicated to helping customers put down roots and bring dreams to life – all while building stronger communities and a better tomorrow.