Not all grand slams are on the baseball field. LoanDepot Inc. and sister company mellohome launched a proprietary bundle of homebuying and selling services designed to give consumers a simpler, easier and more affordable way to buy, sell and finance a house.
The loanDepot Grand Slam package, which builds on loanDepot’s position as the official mortgage provider of Major League Baseball and mellohome’s standing as a provider of real estate services, combines digital-first simplicity with a suite of services and rich set of incentives to deliver customer value. It will be available nationwide on October 1, 2021.
“Since our launch 11 years ago, we have invested heavily in digital innovations that make the mortgage process simpler, easier and more rewarding,” said loanDepot Founder and CEO Anthony Hsieh. “The disruption in the market today is all about better serving the home buyer or owner with easy-to-navigate bundled real estate services that simplify a complex and stressful transaction. While others have approached this from the real estate side, we’ll use the power and scale of our industry-leading position to drive the type of value and ease for our customers that most of our competitors simply cannot touch.”
Through mellohome, loanDepot connects customers with a network of more than 4,000 real estate professionals in major markets across the country. Title services are available in 44 states through American Coast Title and Closing USA, both LDI companies, while home insurance services are provided exclusively by loanDepot’s agent partner are also available.
In addition to marrying the professional real estate services of mellohome with the home financing services of loanDepot, the loanDepot Grand Slam includes title and homeowner insurance services.
Customers who buy and sell with a mellohome preferred real estate agent, finance with loanDepot and choose the company’s title and insurance services will be eligible for a generous package of additional benefits: up to $7,000 cash back from mellohome at the close of the transaction, depending on home purchase/sale price; a close-on-time guarantee of $1,000 cash back if the company fails to close the transaction within 25 days of the customer’s preapproval; a digital home security system and a $100 DoorDash gift card.
“At the end of the day, all of us are consumers too,” said Hsieh. “And because of this, we remain laser focused on serving our customers when, where and how they wish to be served. The beauty of the loanDepot Grand Slam is that we’re giving customers a sleek, streamlined way to manage all of the details that come with one of the most important financial transactions of their lives.”
