California-based mortgage lender loanDepot has partnered with Betenbough Companies to launch Olive Branch Home Loans, a new mortgage company that will serve homebuyers across West Texas, the companies announced Monday.

The strategic partnership is the first to launch under loanDepot’s expanded partnership channel, which is designed to give homebuilders and their affiliates a white-label or joint-venture style option to stand up in-house mortgage operations while outsourcing most of the compliance, technology and fulfillment work to loanDepot.

Joint venture details

Olive Branch Home Loans will be led by Paul Boecker, according to a press release. The new lender details ⇒

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