Since opening for business in January, Irvine-based LoanDepot.com has grown from 60 employees to more than 450 and opened a second office outside of Orange County. Now it wants to hire another 400 people for its local operation.
“We need honest ethical people who can deal with our clients in a forthright, clear and concise manner,” said Senior Vice President Peter Macdonald. “There are a lot of competent people out there looking for employment. We are providing them with that opportunity.”
The company is the brainchild of financial services expert Anthony Hsieh, who teamed up with Parthenon Capital Partners to create an online lending system that provides educational resources, low rates and fast closings. Hsieh’s previous entrepreneurial pursuits include the founding of LoansDirect.com (now part of E*trade) and HomesLoansCenter.com.
LoanDepot.com’s innovative approach to direct-to-consumer mortgage banking might be the reason for its success. More and more people are turning to the web for advice and resources to aid their financial queries.
“In this day and age, the consumer gets a lot of financial information related to the financial crisis in newspapers, which keeps them up on financial literacy,” Macdonald said. “People want to know what is in their loan, and we are happy to do that.”
LoanDepot.com has been able to get loans to homeowners in half the time of a bank. The average application time for a funding through LoanDepot.com is 30 days.
The proactive approach to hiring makes LoanDepot.com significant in an otherwise stale job market.
LoanDepot.com provides comprehensive training for new hires. The company is looking to hire for multiple departments – from sales positions to loan processing.
Macdonald noted that experience is not necessary for employment.
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