Daily Breeze

Mortgage lender LoanDepot to hold virtual job fair for 3,000 openings

Job fair will be held online Thursday, April 23, at 3 p.m. Pacific Time.

Orange County-based lender LoanDepot will hold a virtual job fair Thursday, April 23 to help fill a 3,000-worker expansion.

With mortgage rates down and loan activity rising, the company says it needs help meeting what it expects will be a rush of borrowers. The online job fair will be held at the company’s LinkedIn Channel at 3 p.m. Pacific Time.

LoanDepot made $45 billion in loans last year, ranking as the nation’s second-largest non-bank mortgage lender.

The hiring is part of the Lake Forest-based company’s evolution to a more online-focused lender in an industry known for mounds of paperwork.

The company says that knowledge eased its transition to becoming a remote workplace as the pandemic broke out. LoanDepot says its current 7,000 employees are all now working remotely. That technology also allows for virtual hiring practices.

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“We’re in a new norm – but it’s a norm that we were prepared for,” said company founder and CEO Anthony Hsieh. “Our team has created a process by which candidates can apply, on-board and train in an entirely virtual way.”

Hsieh says the company is using technology to ensure that employees at home can still connected and able to perform critical functions for business health and growth, “like sourcing and hiring new candidates, exceptionally well.”

Not every non-traditional lender is growing. Impac Mortgage of Irvine temporarily shut lending operations and furloughed 333 workers due to market turmoil tied to the novel coronavirus.