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loanDepot brings Ginnie Mae loan servicing in-house

loanDepot announced this week that it will begin servicing Ginnie Mae loans in-house, following a 2021 decision to do the same for Fannie Mae and Freddie Mac-backed loans.

The top-ranked nonbank lender said in a press release that servicing Ginnie Mae loans “carries great significance” because the agency is the primary guarantor of securities containing Federal Housing Administration, Department of Veterans’ Affairs, and United States Department of Agriculture loans.

Dan Binowitz, executive vice president of servicing and capital market operations at loanDepot, said in a statement that the move will enable the nonbank to “provide the best-in-class care and details ⇒

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