LoanDepot and Farm Bureau Bank® launch Farm Bureau Mortgage
SCOTTSDALE, Arizona., June 3, 2021 / PRNewswire / – LoanDepot.com, LLC, a subsidiary of LoanDepot, Inc. (NYSE: LDI), the nation’s second-largest retail mortgage lender, and Farm Bureau Bank, a member-driven bank serving more than five million Farm Bureau® Members, today announced an innovative new joint venture to be called Farm Bureau® Mortgage.
“As a US lender, we are delighted to create this unique partnership with Farm Bureau Bank,” said Dan Peña, executive vice president of national joint ventures for LoanDepot. Farm Bureau Bank is dedicated to serving the financial needs of rural Americans across the country and understands the unique lifestyles of its Farm Bureau® members. LoanDepot understands the importance of the home and is also committed to providing our customers the personalized service they desire as they navigate one of the most important events of their lives: buying or refinancing their home. ”
Based at Reno, Nevada, Farm Bureau Bank is a federally chartered savings bank, offering a wide variety of products including checking accounts, auto loans, credit cards and business services. Farm Bureau Bank, which opened in 1999, currently serves local farm offices and their members in 45 states.
Dominique deorio, who will serve as President of Farm Bureau Mortgage, added, “Farm Bureau members will greatly benefit from this partnership. LoanDepot is known to exceed customer expectations at every step of the mortgage lending process, and Farm Bureau Mortgage will ensure a level of excellence and attention that Farm Bureau members expect. “
“Our goal has been and remains to provide our members with an optimal banking experience,” said Guillaume Hileman, President and CEO of Farm Bureau Bank. “Farm Bureau Mortgage brings great value to our clients, and LoanDepot’s technology ensures a simple and seamless transaction that will allow them to achieve their dreams of homeownership on their terms.”
LoanDepot is a contemporary financial services company dedicated to providing a best-in-class experience for its clients buying and refinancing mortgages. Launched in 2010, LoanDepot offers a diverse network of direct trade channels to consumers, marketplace and partners, uniquely positioning it to serve a wide range of customers. Based in Southern California, the company has funded more than $ 350 billion since its founding and currently ranks as the second largest non-bank retail lender and one of the largest retail mortgage lenders in the United States. Committed to serving the communities in which his team members live and work, LoanDepot has donated millions of dollars to support a variety of local, regional and national philanthropic efforts, most recently donating over $ 2.5 million to help with COVID relief efforts for first responders, healthcare workers, individuals and families nationwide. The company is also a founding sponsor of War Heroes on Water, which supports ongoing therapeutic healing services for wounded veterans across the country.
About Farm Bureau Bank
Since 1999, Farm Bureau Bank has focused on providing products and services to Farm Bureau members across the country while providing an exceptional banking experience. Farm Bureau Bank shares your interests, understands your background, and strives to support your livelihood. For more information on Farm Bureau Bank, please visit our website at www.farmbureau.bank.
SOURCE LoanDepot, Inc.