Fintech
loanDepot announces accelerated third and fourth quarter 2019 hiring; the Company plans to add almost 1400 new jobs by year’s end
Today, loanDepot Founder and CEO Anthony Hsieh announced plans to add almost 1400 new employees, primarily in sales professional roles, to loanDepot’s roster by year’s end. Dynamic growth will be felt in each of the Company’s sales channels; approximately 1000 loan officers will be added in or near loanDepot’s five Direct Lending national campus locations and another nearly 300 will be added in loanDepot’s local Retail branch locations. Other new hires will be integrated into the Company’s Joint Venture and Wholesale channels or in corporate infrastructure roles.
An important source of many of the Company’s new Direct Lending loan officers will be from its proprietary ACES (Accelerated Career in Effective Sales) training program. ACES is a one-of-its kind, company-provided educational framework, offering entry-level candidates seeking a career in financial services, the opportunity for paid mortgage apprenticeship with the Company. The Company is currently scaling this program and accepting an additional 450 ACES candidates in Orange County, Phoenix, Nashville and Dallas through September 1.
“Thanks to our proprietary technology and fully digital end-to-end mello smartloan
loan process, loanDepot is entering a period of unprecedented growth and opportunity,” said TJ Freeborn, loanDepot’s SVP of Customer Experience. “To ensure we can continue to serve our customers exceptionally well during this period of dynamic growth, we are adding top-level talent to our team, and, one of the key ways we will do this is via our ACES program. ACES allows us to give really talented, customer-focused individuals an opportunity to have an exceptionally rewarding career in the exciting world of fintech, even if they have no prior experience, all while helping customers achieve the American dream of homeownership.”
“We believe,” continued Freeborn, “there are bright, talented, capable sales people in this country today who are underpaid or undervalued in their current role – and, via ACES, we give these people opportunities each day to reach their full potential, not only from a compensation standpoint, but, most importantly, from a personal fulfillment standpoint, with a brand that customers know, trust and want to do business with.”
In addition to further scaling the ACES training program, the Company will also expand hiring in the following ways:
- Experienced loan officers are being added in loanDepot’s five Direct Lending national campus locations: Orange County, Scottsdale, Dallas, Detroit and Nashville.
- loanDepot’s DirectFlex program, the first employment model of its kind in the industry, is being widened to include those in locations near the Company’s five Direct Lending national campus sites. The DirectFlex program is designed to bridge the gap between career satisfaction, personal performance and work|life integration. Similar to Uber in philosophy, the DirectFlex model allows sales professionals to instantly connect and work anytime, anywhere, on their own schedule and terms and creates a virtual alternative to traditional brick and mortar financial services employment.
- In addition to the noted Direct Lending hiring, Retail Channel growth is expected as well. As many as 300 experienced Retail loan officers will be added across loanDepot’s 200+ local branch locations before the year is out.
“loanDepot has long been known as an innovator,” said Freeborn. “Experienced sales professionals are certainly the core of our business model and our industry. That being said, our vision of the industry and customer behavior is futuristic and expansive. In order to deliver service at the proper levels, we must think about things differently.”
“DirectFlex is a perfect example of that innovative thinking,” continued Freeborn. “Not everyone can be tied to an office and a 40-hour a week job. But Uber doesn’t have the market cornered on the gig economy – with DirectFlex, we’ve created a model wherein someone can work where and when it makes sense for them, receiving leads and warm transfers each day, while making a great living along the way.”
SOURCE loanDepot
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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