loanDepot's mello technology includes an intuitive Web-based consumer portal, a state-of-the-art, mobile point-of-sale system, and a fully-digital mortgage loan application experience. The company has invested $80 million to date on its digital-first technology strategy.
"Our lending professionals and LD tech team have combined strengths to create an unstoppable force in next-gen lending," said loanDepot Chief Executive Officer and Chairman Anthony Hsieh. "Our never-ending, iterative innovation process is the basis of our business strategy and our true competitive advantage."
Dominick Marchetti, Chief Technology Officer at loanDepot, said, "Our new Innovation Lab is the physical incarnation of mello. The combination of collaborative spaces and dedicated quiet rooms will let employees work in the environment they are most comfortable and allows for a quick ignition of ideas and engaging work flow."
In designing the new space, Hsieh and Marchetti focused on defying convention to create an open-air, collaborative work environment to connect 400-plus technologists with not only each other but with the beautiful Southern California weather as well. The space incorporates the spirit of fun, including a slide for when stairs are just too slow; open stadium seating for skunkworks-inspired sessions; and areas to relax with a game of ping-pong or rest in quiet areas.
The mello Innovation Lab is currently under construction and has a goal of opening at the end of 2017 or the beginning of 2018.