loanDepot to open new Miami corporate center in September 2026

loanDepot announced plans to establish a new corporate center in Miami, Florida, set to open in September 2026. This East Coast hub will centralize key functions including technology, marketing, recruiting, and mortgage fulfillment across the company's various lending channels. The new facility is designed to accommodate 120 employees initially, with provisions for future growth.

CEO Anthony Hsieh stated that Miami was chosen for its deep and diverse talent pool, noting the company's existing strong presence in the market, including its retail teams and naming-rights partnership with the Miami Marlins' ballpark. This expansion comes as loanDepot navigates a period of reduced profitability, having reported a net loss of $54.9 million in the first quarter, an increase from the previous quarter's $32.8 million loss, with total revenue falling to $286.4 million amid market volatility and compressed gain-on-sale margins.

Despite market challenges, Hsieh emphasized the company's ongoing investments in growth and efficiency, focusing on digital transformation, expanding its wholesale channel, increasing loan officer headcount, and implementing automation in origination and servicing. The company also anticipates cost reductions and improved customer experience through its partnership with Figure Technology Solutions.