debt con./home improvement
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VA
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FHA
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reverse mortgage
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commercial
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construction
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no equity
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C O M P A N Y P R O F I L E
Lenders Depot, Inc. is a California Corporation, which was incorporated in 1996. The company is closely held and, as such, operates with great flexibility in funding of loans. The firm is capitalized by a combination of investments of the owners and retained earnings of the company, but also has very significant resources available through "investment pools" made up of private investors, trusts, pensions, and investment funds from mortgage backed securities pools/conduits.
Lenders Depot's exclusive and direct affiliations with selected international companies, trusts, and investment groups operating on a worldwide basis provide the Company with the ability to creatively address financing opportunities. Lenders Depot's real estate lending activities range from simple financing of single family residential loans to funding of large and complex commercial projects-sometimes including a combination of a renovation or construction loan, forward commitments, and mini-perm or permanent mortgage loans. Depending on the nature and size of such loans, Lenders Depot may operate in a Mortgage Lender mode (funding the loan from internal sources and retaining the loan in portfolio for future disposition), or as a Mortgage Brokerage operation.
Lender's Depot is the proud sponser of Terry Elliot and his #9 car! Click here for race schedules.
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Single family residential lending through Lenders Depot is a "retail" lending operation, in which the Company either places the loans with other primary residential lenders, or warehouses and "packages" blocks of residential mortgages for sale in secondary mortgage markets. The Company handles the full spectrum of these lending activities-from loan origination and underwriting through closing the loans and packaging of such loans for future sale in the secondary markets, where appropriate.
