April 17, 2021

MP Now News

Mortgage News

loanDepot.com and Schell Brothers set up mortgage joint venture

LoanDepot announced that its subsidiary LoanDepot.com has partnered with Schell Brothers, a manufacturer of energy efficient new homes in Delaware and Virginia, to create a new joint venture.

The Henlopen Mortgage joint venture offers Schell Brothers customers access to creditDepot’s credit platform. The mortgage company said the partnership combines the builder’s highly personalized options with its proprietary Mello technology and represents the “perfect match” for new home buyers. Mark Jones will lead Henlopen as vice president of regional manufacturing.

“We’re excited to have the best fintech platform in the industry to deliver a hassle-free shopping experience for our customers,” said Jon Horner, General Counsel of Schell Brothers. “Both our customers and our stakeholders will benefit from the Henlopen Mortgage joint venture partnership in a myriad of ways.”

“We are very excited to be working with a contractor who is known for their dedication to maximizing customer satisfaction and we are excited to give them the opportunity to create yet another arena where they can exceed their customers’ expectations,” said Dan Peña, executive vice president of national joint ventures for LoanDepot.