FOOTHILL RANCH, Calif., April 11, 2019 /PRNewswire/ -- loanDepot today announced a new digital pre-approval process that allows homebuyers instant access to a mortgage approval. This is the latest digital tool developed by the mello technology ecosystem at loanDepot and is exclusively offered by its Joint Venture channel through MTH Mortgage for buyers of Meritage Homes. Homebuyers can simply log in online, fill out the application and instantly have the convenience of shopping for a home without having to rearrange their work or childcare schedule to accommodate traditional business hours.
"The mello tech team is focused on empowering our partners with 'smart technology' to differentiate them from their competitors," said Dino Lack, SVP, Origination Technology at loanDepot. "We perfect smart solutions and deliver them to our Joint Venture partners to create compelling business value. In 2019, we will see significant expansion of our mello technology footprint with industry-changing innovations. The archaic 9-to-5 paper-approval process is going to be extinct, because consumers expect the processes to fit their digital and mobile world."
The new online pre-approval process enables consumers the peace of mind to purchase their Meritage Home with confidence, knowing exactly what they can be approved for. The integrated digital asset, income and employment verification provides added security and streamlines efficiency. There is no need for a loan consultant to review and approve applications, so homebuyers can get pre-approved for a mortgage loan anytime and anywhere.
"Meritage Homes is a valued partner that has worked closely with us to integrate our solution and extend our reach in the market," said Dan Pena, Senior Vice President, National Joint Ventures at loanDepot. "We offer the best of both worlds by combining the loanDepot Joint Venture team's customer service expertise and the mello technology team's innovation to extend our leadership in builder fulfillment."
loanDepot's Joint Venture channel was created to provide homebuilders and realtors a solution that allows them to engineer a seamless process for the homebuyer. The Joint Venture team functions as an extension of our partner's business, which allows them to focus on their core business and sell more homes.
loanDepot continues to disrupt the lending industry with its focus on technology to deliver personalized experiences to its customers. An innovator since its inception, loanDepot was the first nonbank lender to offer home, personal and home equity loans. Today, loanDepot has funded over $165 billion since its founding in 2010, and currently ranks as the nation's fifth largest retail mortgage lender and second largest nonbank lender.
Lori Wildrick| (949) 330 8791 X4383