LoanDepot.com, LLC entered into a definitive agreement to acquire imortgage.com, Inc.
August 21, 2013 at 12:00 am EDT
Share
loanDepot.com, LLC entered into a definitive agreement to acquire imortgage.com, Inc. on August 21, 2013. Anthony Hsieh from loanDepot will retain his role as Chairman and Chief Executive Officer and imortgage will retain its brand name and continuing under the existing leadership of President Dean Bloxom and Chief Operating Officer Jay Johnson. The deal is subject to regulatory approval and is expected to close in the fourth quarter of 2013.
On September 11, 2013, the transaction got the early termination of antitrust approval waiting period. Houlihan Lokey, Inc. acted as the financial advisor to imortgage.com, Inc.
loanDepot, Inc. is a customer-centric, technology-empowered residential mortgage platform. The Company is engaged in the origination of conventional and government mortgage loans, servicing conventional and government mortgage loans, and providing ancillary services. It is engaged in originating, financing, selling, and servicing residential mortgage loans and provides title, escrow, and settlement services for mortgage loan transactions. Its technology platform, mello, serves as a lead generation tool for these loan officers, particularly focusing on purchase originations. The Company and its mellohome operating unit offer an integrated platform of lending, loan servicing, real estate and home services that support customers along their entire homeownership journey. Its loan product suite includes conventional agency-conforming loans, conventional prime jumbo loans, Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans, and home equity lines of credit.
LOANDEPOT, INC. 
