loanDepot and Onx Homes Announce New Joint Venture

Homebuilder disrupting the industry joins forces with leading mortgage lender to deliver seamless customer experience through Onx X+ Mortgage

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: "LDI"), a leading provider of products and services that power the homeownership journey, and Onx Homes, a technology-led homebuilder pioneering a new era of home building, today announced a new joint venture that will provide a smooth and streamlined financing option for new homebuyers in Florida and Texas.

Named Onx X+ Mortgage, the venture brings together two companies that leverage technology to better serve today’s homebuyers. It supports Onx Homes’ mission to deliver more value at every step of the homeowner journey while expanding loanDepot’s footprint in the purchase mortgage market. The partnership will benefit from Onx Homes’ proprietary design, technology and a customer-centric approach while capitalizing on loanDepot's lending industry expertise and best-in-class platform.

“loanDepot and Onx share a mission to support customers throughout their entire homeownership journey, and this new joint venture allows us to deliver sustainable solutions that make homeownership more accessible,” said Dan Peña, executive vice president of national joint ventures for loanDepot. “We’re so impressed by the approach and speed with which Onx creates not just new homes, but entire communities—it’s an innovative solution for today’s housing shortage, especially for serving the critical first-time homebuyer segment that loanDepot is dedicated to supporting.”

Ravi Bhat, chief operating officer of Onx Homes, stated, “This new venture allows Onx Homes to focus on our mission of providing a seamless customer experience for new homebuyers. Through this partnership, we aim to offer homebuyers value and convenience with speed and efficiency, redefining the future of homebuilding. By leveraging loanDepot’s expertise in mortgage lending, we are creating an exceptional home loan process for our customers.”

Onx X+ Mortgage is headquartered in Georgetown, TX.

About loanDepot

At loanDepot (NYSE: LDI), we know home means everything. That’s why we are on a mission to support homeowners with a suite of products and services that fuel the American Dream. Our portfolio of digital-first home purchase, home refinance and home equity lending products make homeownership more accessible, achievable, and rewarding, especially for the increasingly diverse communities of first-time homebuyers we serve. Headquartered in Southern California with local market offices nationwide, loanDepot and its sister real estate and home services company, mellohome, are dedicated to helping customers put down roots and bring dreams to life – all while building stronger communities and a better tomorrow.

About Onx Homes

Onx Homes is pioneering a new era of homes and neighborhoods. Founded in 2021 by construction experts, design thinkers, and technology leaders, it is committed to providing homeowners with the next generation of living spaces. With corporate and manufacturing facilities in Florida and Texas, Onx has already delivered a diverse portfolio of homes and has over 4,000 beautiful, resilient, and cost-efficient homes under development across Florida and Texas. Onx specializes in merging high-end design and leading technology to deliver the highest quality single-family homes and townhome communities. Leveraging its customer-centric approach and fully integrated construction capabilities, including innovative proprietary design and X⁺Construction™ technology, Onx builds the most resilient and cost-efficient homes, creating unique value for homeowners.

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