The loanDepot Wholesale Sales Leadership hosted the 2018 National Sales Meeting in January. The entire sales team gathered in Newport Beach, CA for two jam-packed days of speakers and training. We also had an opportunity to celebrate our Top Producers at an awards dinner, where a good time was had by all.
Last month, loanDepot Wholesale’s underwriting team gathered together for two days in Irvine, CA, for the division’s Underwriting Leadership Semi Annual Meeting & Team Building Event.
In attendance was Misti Snow, senior vice president of operations, Susan Beattie, vice president of underwriting, Deborah Morris, regional underwriting manager (East), and Brenda Cluckey, regional underwriting manager (West), along with department’s underwriting supervisors and team leads.
The Underwriting Leadership Semi Annual Meeting is held to allow the team to focus on key topics, plans for the next six months, and to have a bit of fun. This twice-a-year event is important to the underwriting department in order to open various channels of communication, develop strong leadership traits and to get to know each other.
At loanDepot’s Wholesale division, our commitment has always been to build successful long-term relationships with our origination partners. To celebrate and recognize these partnerships, we recently honored 30 of our top-producing brokers, whose achievements were based on 2016 total volume and units funded.
Griffin Funding, Inc. was among the 30 broker partners lauded for their accomplishments. “What a privilege it is to receive this award,” said William Lyons, president and CEO of Griffin Funding, Inc. “It has been such a pleasure to work with loanDepot Wholesale, and we’re looking forward to another successful year together.”
As we approach our three-year anniversary, our dedication to providing an exceptional lending experience for brokers and borrowers continues.
The 2017 National Sales Rally held earlier this month reaffirms this commitment.
Topics: Broker Partners
Earlier this month, loanDepot’s top wholesale sales associates came together for two days at the Balboa Bay Resort for loanDepot Wholesale division’s National Sales Meeting. The group celebrated a successful 2016 and heard Anthony Hsieh, chairman and chief executive officer, Jeff Walsh, chief operating officer, and Eric Cheng, senior vice president of business expansion, speak about the company’s ambitious goals for 2017.
Cheng kicked-off the discussion at the biggest event of the year by highlighting loanDepot’s growing focus on business expansion over the next several months. The following day, Hsieh talked about how loanDepot successfully funded $100 billion in just seven years, along with details on how our continued technological innovations are transforming America’s lending landscape. In closing remarks, Jeff Walsh focused on the Wholesale division’s 2017 targets and goals and led Q&A.
Together we give, and at loanDepot’s Wholesale division we are committed to having a positive impact on the communities we serve. In honor of this Christmas season, we’ve partnered with several local charities and donated gifts to those in need.
Our Costa Mesa campus joined forces with Operation Santa Claus and Senior Santa & Friends. Together, these organizations provide gifts to children who have been placed in foster care, low-income families, and low-income individuals who are elderly or severely disabled.
Wholesale employees made monetary donations and used Angel Tree Tags – paper tags containing holiday gift suggestions – to donate more than 60 gifts in support of the cause. Operation Santa Claus and Senior Santa & Friends donations benefit county agencies involving social services, probation, child support, health care and community resources.
At loanDepot, we are committed to caring about our people and our communities. And there is no time like the holidays to reinforce that giving spirit. This year, loanDepot’s Wholesale division in Costa Mesa, California, has helped expand a tradition that Company Trainer Kara Roberson has personally maintained for 12 years. Most recently, she has focused her efforts on the homeless on Skid Row in Los Angeles.
Kara’s quest is particularly special this year because she joined forces with another team member, Cozetta “Cozy” Mondane in our funding department.
Together, the two have been a force for good, rallying their team members to donate clothes and shoes of all sizes for men, women and children, along with blankets, hygiene products and, of course, cash. The money goes to buy more new toiletries, bags, and brand-new blankets, in addition to food for a Thanksgiving dinner.
If you ask Tanya Wright of loanDepot’s Wholesale division what company value she prizes most, she’ll say, “Excellence. Everyone at all levels takes pride in his or her work and is invested with the overall success of the enterprise. It is refreshing to encounter such a generous, cohesive team.”
Wright, who is based in Plano, Texas, has been with the company just over a year. She brought more than a decade of experience in the home loan industry when she joined #TeamloanDepot as an account manager and team lead in April 2015.
“The culture and the growth opportunities here made me want to be a part of this organization,” she says. “I’m a person who thrives on innovation and change, and with the technological strides taking place, I knew being part of it would be a challenging and rewarding experience.”
At loanDepot, we employ uncompromised ethical standards, demonstrating honest and fairness in every action we take. People like Rosie Cuevas, of our wholesale division in Plano, Texas, make this a reality every day. Because of her diligence, ability to problem solve, and commitment to excellence, Cuevas has received many letters from broker partners singing her praises for going over and above with each loan.
Cuevas, an account manager, has been with loanDepot’s Wholesale division since 2014 and in the mortgage industry for more than a decade. She has worked in most channels of the business, including retail, wholesale, correspondent and non-delegated correspondent lending programs. She relished the opportunity to help build a location from the ground up in Plano.
“You’ve got to start with the customer experience and work back toward the technology – not the other way around.” – Steve Jobs
At loanDepot’s wholesale division, we couldn’t agree more. That’s why we built our proprietary online broker portal with our broker partners’ experience in mind. Our goal is to streamline the process for brokers, regardless of their experience in using technology. One way in which we measure the success of our portal is the extent by which it becomes a self-service system where brokers can deliver the best results possible for their clients in less time. This allows for more loans to be successfully funded faster.
“There’s definitely a tech learning curve with lending today,” says Rich Hernandez, VP, business innovation, at loanDepot’s wholesale division. “The industry is shifting to be much more customer focused with emphasis on social media and technology. People want information and they want it now.”
Millennials, whose oldest members are now in their mid-30s, are the newest and biggest potential pool of homeowners. According to Pew Research Center, the group surpassed Baby Boomers as the largest living generation in April of this year. Now is an ideal time to make lifelong connections by showing Millennials how they can start working toward their real estate goals.
It’s a common perception that Millennials aren’t entering the housing market at the same rate as their parents and grandparents, but this is not the case. According to the National Association of Realtors, the median age for first-time homebuyers in 2015 was 31, which is the same as it has been (give or take a few months) for the past 40 years. Additionally, the largest cluster of Millennials is those born in 1990, and they are just turning 26 this year, so there are still significant numbers of Millennials yet to reach peak homebuying years.