loanDepot and Century 21 Redwood Realty have announced a joint venture partnership named “Day 1 Mortgage” to create a simplified, one-stop shopping experience providing confidence and clarity for homebuyers in Washington, D.C.; Maryland and Virginia.
Through this joint venture, mid-Atlantic area customers will get a streamlined home search and purchasing experience with a real estate broker and lender working in tandem to provide the right products, latest technology and exceptional customer service.
"This partnership underscores our ongoing mission to provide the best tools and service to our customers," said Eddie Berenbaum, president of Century 21 Redwood Realty. "We have selected a highly successful operating partner in loanDepot to jointly deliver an innovative solution that is unmatched in our industry."
Powering Day 1 Mortgage is loanDepot's innovative proprietary technology, mello. Among the many features of the immersive mello experience is a consumer portal that enables customers to view, upload, acknowledge and sign loan documents as well as securely message with loan officers and processors.
"With mello’s unequaled ability to streamline and simplify the home buying process, we’re confident that Redwood Realty’s customers will enjoy the seamless purchase experience that Day 1 Mortgage will provide," said Dan Peña, senior vice president of national joint ventures for loanDepot. "To help ensure the program’s success, we’ve also brought in a local lending expert with a proven track record built on his commitment to customer service."
Thaddeus Musser will serve as president of Day 1 Mortgage and brings more than 16 years of experience helping families finance their homes through companies such as Atlantic Coast Mortgage LLC, and First Savings Mortgage.
“Dealing with aggressive competition in one of the country’s hottest housing markets requires skillful guidance and an arsenal of tools. Only Redwood Realty can offer both with its top-notch brokers and Day 1 Mortgage program,” said Musser. “I’m so excited to join this talented team in helping more customers get into their dream home faster and easier than was ever possible before.”