January 3, 2018
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Hsieh finds wealth, luck in mortgages
Hey, did you hear the rumor about Amazon.com Inc. buying loanDepot of Foothill Ranch?
Founded, sold two mortgage cos. before 2008 … started LoanDepot 2010 … dodged real estate dive entirely … runs second-largest U.S. nonbank lender behind Quicken Loans … $1B revenue, 2K OC workers, 6K firmwide … pulled 2015 IPO that would’ve made him billionaire … begins day 4:45 a.m. … LinkedIn blogging … recent $80M tech upgrade … loves deep-sea fishing
LoanDepot LLC, the second largest non-bank mortgage lender in the U.S., launched two new businesses to expand real estate lending through its technology platform dubbed Mello.