Loandepot is continuing its push of building a
The mortgage shop announced Tuesday its real estate unit, dubbed mellohome, has partnered with companies that offer energy solutions and home improvement products and services. Customers seeking to maintain or upgrade their homes can opt for these services in mellohome's portal.
Businesses on mello's roster now include Lumio, a solar energy provider, and Bosscat, a real estate data platform revolutionizing home services. These new partnerships build on mellohome's existing relationships with Homekeepr, which provides customers with moving services, and home security systems enterprise ADT, Loandepot said.
According to the mortgage company, the partnerships are part of an initiative "intended to expand Mellohome's ability to support its customers' homeownership journeys."
"As Mellohome continues to address the needs of today's homebuyers, we're evolving beyond core real estate services to build lifelong relationships with our customers," said Norm Steeg, senior vice president at Loandepot, in a press release Tuesday. "Importantly, Mellohome will now support customers throughout their entire homeownership journey, from searching and buying to renovating and selling, and everything in between, offering access to all of the home products and services a homeowner needs in one convenient portal."
Loandepot's business strategy is similar to
In the third quarter, the Foothill Ranch, California-based lender and servicer endured a
Company leaders projected profitability in the second and third quarters next year, and attributed slightly higher gain-on-sale margins to a few factors, including increased profit margins on its year old
