loanDepot is reentering the wholesale channel four years after formally exiting the segment, the company announced Monday. The move was first anticipated in August by HousingWire.

Dan Peña, president of partnership lending at the California-based lender, will lead the new wholesale division. Matt Mancasola is also returning to the company as vice president of wholesale lending. Mancasola previously held leadership roles at Wachovia Securities (now Wells Fargo Advisors), Caliber Home Loans (now Newrez) and Homepoint.

loanDepot said the wholesale channel will operate on the company’s proprietary mortgage platform and offer competitive pricing, a full range of loan products details ⇒

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