Who Owns Loan Depot and Its History

Loan Depot has a fascinating history that's worth exploring. The company was founded in 1992 by Todd Farmilo and Rod Alcala in San Diego, California.

Loan Depot started as a mortgage broker, helping people navigate the complex process of buying or refinancing a home. They quickly gained a reputation for their expertise and customer service.

Todd Farmilo's vision for the company was to create a more efficient and transparent mortgage experience. He wanted to make it easier for people to get the financing they needed to achieve their homeownership goals.

Loan Depot has since grown to become one of the largest non-bank mortgage lenders in the US, with over 200 branches across the country.

Loan Depot is a mortgage lending company that has undergone significant changes in ownership over the years.

The company was founded in 1996 by Todd Farmilo and Mark Turner, who initially owned and operated it.

Loan Depot is a subsidiary of Loan Depot Holdings, Inc., a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol LDI.

As of 2022, the largest shareholders of Loan Depot Holdings, Inc. include funds managed by BlackRock, Inc., The Vanguard Group, Inc., and State Street Corporation.

Loan Depot has also been owned by private equity firms, including JPMorgan Chase & Co. and TPG Capital.