Tuesday, January 5, 2010
loanDepot.com Gets Private Equity Backing
Irvine-based loanDepot.com said today that it has launched an online, mortgage marketplace with backing from private equity firm Parthenon Capital Partners. The firm did not disclose financial details behind the deal, which was brokered by Milestone Capital. loanDepot.com is headed by Anthony Hsieh, who founded E*TRADE Mortgage and LendingTree Loans. According to loanDepot.com, the new site will help consumers to research real estate loans, providing education, loan processing, up-to-date mortgage rates, and other related services.