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Volume 18 - Number 10

May 16, 2014

LoanDepot Enters the Beleaguered Broker Channel

Even though the wholesale/broker channel is a shadow of its former self in terms of market share, that isnít stopping LoanDepot of Irvine, CA, from sticking its toe in the water. In fact, the company acknowledged the problems the sector faces when it announced to the world two weeks ago that it was entering the space. ďThere is no segment in the mortgage industry facing greater challenges today than mortgage brokers,Ē said Jeff Walsh, president of LDWholesale, the unit LoanDepot ...

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The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
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We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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