Jeff Walsh

loanDepot Offers Zero Down To FHA Borrowers

Posted on by TMN Editor
FHA borrowers with loanDepot can now put zero down upfront with its new “accessZERO” program. The program offers up to 5% of a home’s purchase price in down payment assistance structured as a 10-year fully amortized repayable second mortgage. It is geared towards buyers who are struggling with saving for a down payment as home prices soar.  Down payments by percentage have fallen in 2023 after inflating during the pandemic buying boom when buyers used them to outbid their competition. This is partly because FHA and VA loans, which allow borrowers to pay less upfront, have gained traction as homebuying gets more expensive. As inflation runs rampant and home prices remain high, many Americans have struggled to save for a…

Dan Hanson Appointed To New Exec Position At loanDepot

Posted on by TMN Editor
Dan Hanson has been named executive director of enterprise partnerships and acquisitions at loanDepot, the lender announced in a press release. In this newly created position, Hanson will spearhead new revenue opportunities, such as national referral relationships and acquisitions, as well as collaborate with senior leadership to boost profitability. He will also work to expand loanDepot’s existing programs and partnerships, such as its employer benefits program and Lender Express offering, which provides mortgage products to credit unions and other financial institutions hoping to fill out their offerings. “Through the execution of our Vision 2025 plan, we’ve done the hard work to ensure we can continue to address the impacts of the current market downturn and still invest in our platform,”…