Benzinga | Apr 29, 2021 11:31AM EDT

loanDepot's loanDepot.com Reports New Joint Venture Partnership With LGI Mortgage Solutions, No Terms Disclosed

loanDepot.com, LLC, a subsidiary of loanDepot, Inc. (NYSE: "LDI"), the nation's third largest retail mortgage lender, and LGI Homes, one of the fastest growing home builders in the nation, today announced an exciting new joint venture partnership named LGI Mortgage Solutions. The new venture is a perfect pairing of LGI's "dream fulfillment" focus and loanDepot's commitment to delivering exceptional lending experiences, one home at a time.



"LGI Mortgage Solutions is a robust partnership between two best-in-class companies with well-matched values and quality standards," said Dan Pe?a, executive vice president of national joint ventures for loanDepot. "Having been a preferred lender with LGI Homes since 2015, we have been extremely impressed by each other's ability to scale while still delivering industry-leading customer service."

Headquartered in The Woodlands, Texas, LGI Homes is known for its well-crafted homes and simplified buying process. The company focuses on customer feedback to ensure that they are continuously offering an outstanding product and exceptional customer service. Named the Builder of the Year in 2016 by Professional Builder Magazine, LGI Homes focuses on customer care, integrity, ethical behavior, loyalty, efficiency and profitability to ensure a consistent outstanding experience for its home buyers.

Kirk Hudson will serve as the president of LGI Mortgage Solutions, which will operate in Alabama, Arizona, California, Colorado, Florida, Georgia, Maryland, Minnesota, Nevada, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Washington, and Washington, D.C.

"The seamless borrowing experience offered by loanDepot through its mello(r) technology ensures that our customers will enjoy an exceptional homebuying experience from first visit through loan close," said Mike Snider, president and chief operating officer at LGI Homes. "This partnership is an optimal pairing of two world-class companies who are both focused on delivering the best of the best for our customers."