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Home » Store » Profitability » Is loanDepot Blazing a Trail in Consumer Lending?

Is loanDepot Blazing a Trail in Consumer Lending?

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Profitability

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Six months after rolling out an “unsecured” consumer loan, loanDepot has already funded $250 million worth of loans, and issued a $150 million security backed by the collateral. Will other nonbank mortgage lenders follow suit? The short answer to that question is yes, probably, but it remains to be seen whether nonbanks will have the stomach for the risk, though several executives interviewed by Inside Mortgage Trends concede that, in the end, the yield on such products ...
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