Major League Baseball has made loanDepot the “official mortgage provider” of MLB under a multi-year partnership announced this week.
Financial terms of the deal were not released, but California-based loanDepot and MLB “will partner to promote the company’s brand, products and services through MLB’s multi-media digital and linear outlets, including MLB.com, MLB Network, MLB social media platforms and MLB’s national broadcast partners, FOX, Turner and ESPN.”
“Partnering with the nation’s preeminent sports league, a league which holds a special place in the hearts of American families as our national pastime, is a natural fit for us,” loanDepot Founder and CEO Anthony Hsieh.
“We look forward to loanDepot bringing their creativity to the Major League Baseball family reaching our fans with their story, products and services and special promotions,” said Noah Garden, MLB Chief Revenue Officer.
This is just the latest partnership between mortgage companies and the sports industry. In November, Quicken became the official mortgage partner of the Los Angeles Rams, while United Wholesale Management announced a deal with the Detroit Red Wings earlier this month.