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loanDepot Continues Expansion With New Upstate NY Branch
Apr 12, 2016
loanDepot has announced that it has completed the acquisition of Closing USA (CUSA), a national title, escrow and settlement company and it has entered into a definitive agreement to acquire its affiliate, American Coast Title (ACT)

loanDepot has announced the opening of its newest lending branch in the New City, N.Y. area, part of the company’s expanding footprint in the upstate New York region. Strong buyer demand drove the median sales price in New City, New York to $535,000 in December 2015, up 14 percent from a year ago. loanDepot’s optimism about housing trends made this the right time to move into the area.

Exclusive to the New City branch are a series of industry workshops titled “Connect and Collaborate” for real estate agents and brokers held at the branch office, on the third Thursday of every month at 3:00 p.m. Future topics include team building, understanding generational home buying preferences, new negotiating strategies, the power of video marketing and more.

“We are really excited to have opened a branch in the New City market. We believe it will become an anchor location for further expansion in the region,” said Matthew Reid, branch manager. “Our branch is committed to delivering a full suite of competitively priced loans that will undoubtedly strengthen our brand and relationships in the community for years to come.”

Branch managers, Dan Moschetti and Matthew Reid are leading a seasoned team of lending professionals who deliver excellent customer service and flexible financing options from loanDepot including home purchase, refinance loans, traditional loans and personal loans. The loanDepot team of lending professionals includes the branch managers, Jonathan Coccia, Ann Marie Manfredi, Alicia McKean and Todd Newman.

The New City branch offers all of the State of New York Mortgage Agency (SONYMA) loan products for first-time homebuyers. Making home purchases more affordable, SONYMA mortgage programs feature reasonably priced interest rates, low downpayment requirements, flexible underwriting guidelines, no prepayment penalties and down payment assistance. All SONYMA loans are financed through the sale of tax exempt bonds.

“As the housing market continues to improve, loanDepot is ready to support the lending needs of our local real estate partners and their clients,” said Dan Moschetti, branch manager. “We’ve mastered processing loans quickly and efficiently from beginning to end.”

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