Benzinga | Jun 3, 2021 10:03AM EDT

loanDepot Highlights Launch Of Farm Bureau Mortgage With Farm Bureau Bank

New joint venture teams America's Lender with bank serving America's Heartland

SCOTTSDALE, Ariz., June 3, 2021 /PRNewswire/ -- loanDepot.com, LLC, a subsidiary of loanDepot, Inc. (NYSE:LDI), the nation's second largest retail mortgage lender, and Farm Bureau Bank, a member oriented Bank serving over five million Farm Bureau(r) members, announced today an innovative new joint venture to be named Farm Bureau(r) Mortgage.



"As America's Lender, we are thrilled to create this unique partnership with Farm Bureau Bank," said Dan Pe?a, executive vice president of national joint ventures for loanDepot. "Farm Bureau Bank is dedicated to serving the financial needs of rural Americans across the country and understands the unique lifestyle of its Farm Bureau(r) members. loanDepot knows the importance of home and is equally committed to providing our customers the personalized service they desire as they navigate one of their most important life events--the purchase or refinance of their home."

Headquartered in Reno, Nevada, Farm Bureau Bank is a federally chartered Savings Bank, offering a wide variety of products, including checking accounts, auto loans, credit cards, and business services. Farm Bureau Bank, which opened its doors in 1999, currently serves local Farm Bureaus and their members in 45 states.

Dominick Deorio, who will serve as President of Farm Bureau Mortgage, added "Farm Bureau members will greatly benefit from this partnership. loanDepot is known for exceeding the expectations of customers at every step of the home loan process, and Farm Bureau Mortgage will ensure a level of excellence and care that Farm Bureau members expect."

"Our goal has, and remains, to provide our members with an optimal banking experience," said William Hileman, President and CEO of Farm Bureau Bank. "Farm Bureau Mortgage brings great value to our customers, and loanDepot's technology ensures a seamless and straightforward transaction that will enable them to achieve their dreams of homeownership on their terms."