has announced that the company will celebrate its 10th anniversary with a special thank you—paying off one lucky customer and one employee’s mortgage. The giveaway, known as the “nextX Mortgage Sweepstakes,” will run through November and will feature $680,000 in total prizes.
“This sweepstakes is our special way of extending our deepest thanks to our customers and to our employees,” said loanDepot Chief Executive Officer and Founder Anthony Hsieh. “When we opened our doors, it was our goal to help as many Americans achieve the dream of homeownership and to find financial success. Today, we are delighted and humbled by the impact our efforts have achieved thus far, and look forward to exponentially expanding that volume in our next decade.”
The nextX Mortgage Sweepstakes is part of loanDepot’s year-long #nextX celebration, which commemorates the milestones the company has achieved in its first decade in business. The company launched at a time when many mortgage companies had either closed their doors or had significantly scaled back.
“We founded loanDepot in 2010 with one goal: To delight the customer,” said Hsieh. “Everything we do—and have done—in every area of the business has been strategically focused on that sole accomplishment. And that is, in a large part, how we’ve achieved such trajectory in such a short time.”
The consumer sweepstakes will feature nine monthly $10,000 prizes and one $250,000 grand prize to pay off or purchase a new home. The company is also celebrating the efforts of its employees by offering a similar giveaway.