Skip to main content

loanDepot And mellohome Introduce Home Services Bundle

Navi Persaud
Jul 30, 2021

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services. The services were created in hopes to provide a simplified way to conduct home purchases, financing, and sales, according to the companies.

The digital age—and the acceleration of digital adoption during the pandemic—have disrupted the way homebuyers think and act, and today many homebuyers engage with loanDepot before they've contacted a real estate agent, stated the company in a press release.

The loanDepot Grand Slam package, which builds on loanDepot's position as the Official Mortgage Provider of Major League Baseball and mellohome's standing as a provider of real estate services, combines digital-first simplicity with a suite of services and a set of incentives for customers. It is set to be available nationwide on October 1, 2021.

“The disruption in the market today is all about better serving the home buyer or owner with easy-to-navigate bundled real estate services that simplify a complex and stressful transaction,” said loanDepot founder and CEO Anthony Hsieh.

Through mellohome, loanDepot connects customers with a network of more than 4,000 real estate professionals in major markets across the country. Title services are available in 44 states through American Coast Title and Closing USA, both LDI companies, while home insurance services provided exclusively by loanDepot's agent partner are also available.

In addition to marrying the professional real estate services of mellohome with the home financing services of loanDepot, the loanDepot Grand Slam includes title and homeowner insurance services.

Customers who buy and sell with a mellohome preferred real estate agent, finance with loanDepot and choose the company's title and insurance services[1] will be eligible for a package of additional benefits:  

  • Up to $7,000 cash back from mellohome at the close of the transaction, depending on home purchase/sale price
  • A close-on-time guarantee of $1,000 cash back if the company fails to close the transaction within 25 days of the customer's preapproval

There are also a number of added incentives within the package.

Published
Jul 30, 2021
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021
FHFA Suspends Controversial PSPA Amendments

Today, the FHFA will be suspending controversial provisions added to the Preferred Stock Purchase Agreement (PSPA) on January 14, 2021.

Industry News
Sep 15, 2021
Covius Holdings To Acquire Nationwide Title Clearing

All 670 NTC Employees, Including Senior Management, Will Join Covius

Industry News
Sep 14, 2021
MBA Appoints AVP Of Diversity, Equity, & Inclusion

Promotes Amber Lawrence From Position As Associate Director Of Career Development Programs

Industry News
Sep 14, 2021