IRVINE, Calif., March 30 — 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.
