loanDepot Discloses Large Cash Transfer Out of ‘Bridge Bank’ Signature

Inside Mortgage Finance, Mar. 15, 2023–Paul Muolo
loanDepot, the nation’s 16th largest servicer, disclosed in an SEC filing Wednesday morning that on Monday one of its affiliates transferred $225 million of corporate cash balances held at Signature Bridge Bank, N.A., operated by the Federal Deposit Insurance Corp., to a large money center bank.