loanDepot Partners With Betenbough Companies to Launch New Home Lending Company Serving West Texas Buyers

IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, “loanDepot” or the “Company”) today announced a strategic partnership with Betenbough Companies, to launch Olive Branch Home Loans, a new mortgage company led by Paul Boecker that will serve homebuyers across West Texas.

This model marks the first of its kind under loanDepot’s newly expanded partnership channel that offers home builders and their affiliates a flexible, scalable pathway to develop their own mortgage operations while leveraging loanDepot’s industry expertise, wholesale capabilities, and customer service infrastructure.

“By combining Betenbough Companies’ deep understanding of local home buyers with loanDepot’s operational and customer service expertise, this collaboration puts the customer first, streamlining the process from application to closing and making homeownership more accessible, efficient, and personalized. It also serves as a reproducible playbook for builders nationwide seeking to launch an in-house lending capability,” said loanDepot President of Partnership Lending Dan Peña.

“We’re proud to collaborate with loanDepot to turn our shared customer-first commitment into action as we continue growing our businesses. With this model, we’ll be able to deliver more predictable, faster closings so that our buyers experience a smoother path to move-in day,” said Brad Nelson of Betenbough Companies.

Betenbough Companies’ family of businesses began in 1992 with Betenbough Homes, a top 50 U.S. home builder with operations in Amarillo, Lubbock, Midland, and Odessa. Betenbough Homes delivers over 2,100 homes annually.

About loanDepot

Since its launch in 2010, loanDepot (NYSE: LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster, and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts.

About Betenbough Companies

Betenbough Companies is an employee-owned organization dedicated to revealing God and His Kingdom through its work in the marketplace. Founded in 1992 by a father-son team who established Betenbough Homes to provide quality, affordable housing while honoring God through their work, the organization has since expanded into a diverse portfolio of purpose-driven businesses.

For more information about Betenbough Companies, PBC, or to explore career opportunities, visit www.betenboughcompanies.com

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