loanDepot Inc. and Betenbough Companies announced a partnership to launch Olive Branch Home Loans, a new mortgage company that will serve homebuyers in West Texas.
Olive Branch Home Loans will combine loanDepot’s technology‑powered origination platform with Betenbough’s local market expertise to offer a full suite of mortgage products—including purchase, refinance, home equity, FHA, VA, and California Home Financing Authority loans—under NMLS ID 2500551.
The partnership aligns with loanDepot’s strategy to grow market share through technology‑enabled direct‑to‑consumer and partnership lending models. By creating a reproducible playbook, the deal positions loanDepot to replicate the model with other homebuilders nationwide.
Betenbough Companies builds more than 2,100 homes annually in Amarillo, Lubbock, Midland, and Odessa and ranks among the top 50 U.S. home builders, providing a sizable customer base for Olive Branch Home Loans and a strong local presence in a high‑growth housing market.
loanDepot’s Q4 2025 earnings showed origination volume of $8.04 billion, the highest since 2022, but revenue fell 4% to $310 million and the company posted a $33 million net loss. For the full year 2025, revenue rose 12% to $1.19 billion while the net loss narrowed to $108 million. The company’s Q1 2026 outlook projects origination volume of $6.75 billion to $7.75 billion and a pull‑through weighted gain on sale margin of 270 to 300 basis points. The partnership is part of loanDepot’s effort to offset recent losses and drive growth through new originations channels.
Dan Peña, President of Partnership Lending at loanDepot, said the collaboration “puts the customer first, streamlining the process from application to closing.” Brad Nelson of Betenbough Companies added that the partnership will “deliver more predictable, faster closings so that our buyers experience a smoother path to move‑in day.”
The launch of Olive Branch Home Loans provides loanDepot with a new channel in West Texas, potentially increasing originations and diversifying its portfolio. It also leverages Betenbough’s local market knowledge to mitigate headwinds and create a scalable model for other builders.
The partnership marks a significant step in loanDepot’s partnership strategy and positions both companies to capture growth in the West Texas housing market.
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