ONX X+ Mortgage, a new joint venture between loanDepot, Inc. (NYSE: LDI) and Onx Homes, has commenced operations, serving homebuyers in Florida and Texas. The partnership aims to integrate Onx Homes’ homebuilding model with loanDepot’s lending platform to provide a streamlined, technology-driven mortgage experience for new construction homebuyers.
Ravi Bhat, Chief Operating Officer of Onx Homes, stated, “With our joint venture now serving customers in Florida and Texas, we’re thrilled to continue our work transforming and streamlining the homebuying experience for our customers.” He added that combining Onx’s design and construction with loanDepot’s lending expertise is intended to make homeownership more accessible.
Kathryn McKissick has been appointed as branch manager for ONX X+ Mortgage. McKissick brings over 20 years of experience in loan originations, processing, and management. Her previous roles include serving as a loan consultant for LGI Mortgage Solutions, a joint venture between loanDepot and LGI Homes, and as a builder loan consultant at loanDepot. Prior to her mortgage career, she was a licensed Realtor for eight years. In her new role, McKissick will oversee the joint venture’s growth and daily operations, focusing on customer financing.
Dan Peña, Executive Vice President of National Joint Ventures at loanDepot, commented on the appointment, stating, “Kathryn is a trusted and dynamic leader with the experience and insight needed to guide our new joint venture.” He highlighted her understanding of both lending and new home construction as well as her customer service commitment.
McKissick remarked, “This joint venture brings together two outstanding companies that share the same values of innovation and customer excellence.” She also noted her belief in homeownership and her commitment to enhancing the customer experience.
loanDepot, headquartered in Southern California, provides digital-first home purchase, refinance, and home equity lending products, with a focus on diverse first-time homebuyers. Onx Homes, founded in 2021, operates corporate and manufacturing facilities in Florida and Texas. The company, which specializes in single-family homes and townhome communities, has delivered a portfolio of homes and has over 2,500 homes under development across Florida and Texas. Onx utilizes proprietary design and X⁺Construction™ technology.
