Mortgage lender loanDepot has announced launching a digital pre-approval process that gives homebuyers instant access to mortgage approval.
Through MTH Mortgage, loanDepot said that its joint venture channel exclusively offered the new tool to buyers of Meritage Homes.
The new pre-approval process enables Meritage Home consumers to purchase a home, knowing what they can be approved for. Homebuyers can easily log in online, fill out the application, and shop for a home. The integrated digital asset, income, and employment verification provides extra security and streamlines the process.
"Meritage Homes is a valued partner that has worked closely with us to integrate our solution and extend our reach in the market," said Dan Pena, senior vice president of national joint ventures at loanDepot. "We offer the best of both worlds by combining the loanDepot joint venture team's customer service expertise and the mello technology team's innovation to extend our leadership in builder fulfillment."