IRVINE, Calif. – loanDepot Inc. (NYSE:LDI) announced a partnership with Figure Technology Solutions to offer a new home loan product that provides approval in as little as five minutes and funding within five to seven days, according to a press release statement. The company, with a market capitalization of $471 million, has seen its stock decline 32.85% year-to-date despite revenue growth of 24.6% over the last twelve months.
The 5×5 HomeLoan will be available for home equity access, mortgage refinancing and home purchases, with loan amounts ranging from $25,000 to $750,000. The product includes no appraisal, standard title or standard closing costs, and offers both fixed and variable rate terms without prepayment penalties.
loanDepot will integrate Figure’s credit and loan underwriting engine into its mello technology platform and point of sale system. The company’s sales force of approximately 1,800 licensed loan officers will offer the product across all 50 states.
The Irvine-based lender, which has funded $577 billion directly to consumers since its 2010 launch, is licensed in all 50 states. Founder and CEO Anthony Hsieh stated the partnership provides “a meaningful strategic lever for our business, allowing us to help more customers, close more loans, materially reduce the cost to produce, and deliver profitable market share growth.” The strategic timing aligns with analyst expectations, as InvestingPro data shows the company is forecast to achieve profitability this year with projected earnings of $0.29 per share. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels—one of many insights available in the comprehensive Pro Research Report covering LDI and 1,400+ other US equities.
Figure Technology Solutions specializes in financial services transformation through blockchain technology. The partnership aims to enable loanDepot to expand its product offerings while maintaining its existing channel strategy.
The company’s loan officers hold approximately 12,500 state licenses collectively. loanDepot provides mortgage and real estate services to customers seeking homeownership financing.
In other recent news, loanDepot Inc. reported its fourth-quarter 2025 earnings, which showed a significant miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -$0.10, compared to the expected -$0.02, while revenue reached $310 million, falling short of the projected $371.17 million. In a strategic move, loanDepot announced a partnership with Betenbough Companies to establish Olive Branch Home Loans, a mortgage company aimed at serving homebuyers in West Texas. This partnership marks the first under loanDepot’s expanded partnership channel, designed to enhance mortgage operations for home builders and affiliates. Additionally, BTIG maintained its Neutral rating on loanDepot stock, citing the company’s potential exposure to higher refinance volumes in the retail channel. BTIG noted that loanDepot’s stock valuation might experience wider fluctuations due to interest rate volatility. These developments highlight loanDepot’s ongoing efforts to expand its market presence and navigate financial challenges.
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