LoanDepot is a non-banking financial institution (NBFI) that offers mortgage and non-mortgage lending solutions. A non-banking financial institution is a financial institution that does not have a full banking license but provides bank-related services. The company was founded in 2009, with its headquarters in California, USA.
According to recent reports, LoanDepot was hit by a ransomware attack that led to the loss of sensitive personal information of about 16.6 million customers. The report further mentions that the company has not publicly disclosed the kind of customer data that was stolen, but plans to notify affected customers.
