loanDepot's new joint venture with Smith Douglas Homes, a top-50 homebuilder, will enhance its market presence in southern states where new-home sales are significant.
Dan Pena highlighted that the partnership is strategically aligned with loanDepot's aim to assist first-time homebuyers, making home ownership more accessible.
Smith Douglas Homes, being the 36th-largest homebuilder, offers loanDepot access to a strong base of purchase business, enhancing growth opportunities in key regions.
Despite existing partnerships across the nation, this joint venture marks a pivotal expansion for loanDepot, targeting significant markets like Atlanta and central Georgia.
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