As part of its push to diversify its revenue streams, loanDepot has announced that it has successfully moved more than a third of its servicing portfolio in-house.
Currently, the share of the loans it services in-house makes up 37% of loanDepot’s portfolio, compared to only 11% at the end of the first quarter of 2021. This means the company can rely less on third-party sub-servicing partners.
“Our growing servicing portfolio and expanding in-house capabilities perfectly complement our loan origination strategy and ensure we can provide a best-in-class experience for our customers throughout their entire mortgage journey,” said Dan Binowitz, executive vice president of servicing and capital markets at loanDepot. “Our ultimate goal is to provide the most efficient, hassle-free, and streamlined service possible.”