EX-10.41.3



 [***] – Confidential portions of this document have been redacted and filed separately with
the Commission. 
 Exhibit 10.41.3 

AMENDED AND RESTATED ADDENDUM DATED AS OF FEBRUARY 16, 2015 REPLACING IN ITS 

ENTIRETY THE ADDENDUM DATED AS OF JANUARY 15, 2015 TO 

WELLS FARGO BANK, N.A. MASTER REPURCHASE AGREEMENT (THE “AGREEMENT”) 

Master Repurchase Agreement Date: September 15, 2011         Version: 4.1 (“the
Agreement”) 
  

			
	Description of Seller:	  	Description of Guarantor
		
	Name of Seller: loanDepot.com, LLC	  	Name of Guarantor: Not Applicable
	Tax Identification Number: 26-4599244	  	
	State of Formation: Delaware	  	
	Chief Executive Office:	  	
	26642 Towne Centre Drive	  	
	Foothill Ranch, CA 92610	  	
		
	Phone Number: 888-377-6888	  	
	Fax Number: 949-595-7006	  	
		
	Address for Notices (if
different):                                       
                         	  	
		
	 	  	
		  	

 To the extent that there are multiple Sellers or Guarantors, the Agreement (and all relevant verb tenses and similar
terminology) shall be deemed modified to provide for more than one Seller and/or Guarantor, as applicable. 
  

			
	Seller Trade Names:	  	Subsidiaries:
	See Schedule 4	  	LD Escrow, Inc.
		  	iMortgage.com, LLC
		
	Servicer:	  	Affiliates:
	loanDepot.com, LLC	  	Not Applicable
		
	Seller’s Account for Remittance:	  	Seller’s Clearing Account:
	Bank Name: Wells Fargo Bank, N.A.	  	Bank Name: Wells Fargo Bank, N.A.
	Bank ABA: 121000248	  	Bank ABA: 121000248
	Bank Account Name: loanDepot.com Operating Account	  	Bank Account Name: loanDepot.com, LLC
	Bank Account Number: [***]	  	Bank Account Number: [***]

 Facility Overview: 
  

			
	Effective Date: September 15, 2011	  	 •    Maximum Aggregate Purchase Price: $150,000,000

	Termination Date: Thirty (30) calendar days following written notice from Buyer to Seller, or as provided for in the Agreement.	  	  

•    Wet-Ink Mortgage Loan Document Receipt Date: 7 business days*

	  	  

•    Custodian: Wells Fargo Bank, N.A. or Deutsche Bank National Trust Company


  

	*	Upon certification by Custodian/Buyer of “Dry” status, such Mortgage Loan shall have the loan classification as assigned by the Buyer. 


Description of Purchased Mortgage Loans: 
  

	 	•	 	See Schedule 3 

 To the extent that a particular mortgage loan type is not listed, such loans shall not be
purchased pursuant to this facility. 
 Maximum Transaction Duration: 
  

	 	•	 	See Schedule 3 


  
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 [***] – Confidential portions of this document have been redacted and filed separately with
the Commission. 
 Purchase Price Percentage and Post Default Rate Margin: 
  

			
	 •    Purchase Price Percentage: See Schedule 3
	  	 •    Post Default Rate Margin: [***]%

		
		  	 •    LIBOR: [***]


  

			
	Sublimits:	  	
		
	 •    Wet-Ink Mortgage Loan Limit: [***]

 
 •    Jumbo Mortgage Loan
Limit, inclusive of a maximum of [***]
	  	 •    Combined Purchase Mortgage Loan limit under
correspondent and wholesale policies approved by Buyer: [***]
  

•    Agency Security Limit: [***]

 
 •    HARP Mortgage Loan
Limit: [***]
  

•    Government Mortgage Loans with FICO Scores less than [***] and equal to or greater than
[***]

	  
	  
	  

  

			
	Other Covenants and Conditions:	  	
		
	Individual Claim Threshold:	  	Aggregate Claim Threshold:
		
	 •    $100,000 from private individuals or companies
	  	 •    $150,000 from private individuals or companies

		
	 •    $50,000 from all others, including other warehouse lenders or investors
	  	 •    $100,000 from all others, including other warehouse lenders or investors

		
	 •    Judgment Threshold: $25,000
	  	


  
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 [***] – Confidential portions of this document have been redacted and filed separately with
the Commission. 
 Conditions: 
  

	 	•	 	Take-Out: Seller shall obtain a clear to close via an (1) Investor clear to close approval or (2) Investor automated underwrite system (“AUS”) approval with internal clear to close per delegated
authorities or (3) delegated Mortgage Insurer clear to close approval on conforming mortgage loan products or (4) Direct Endorsement clear to close approval on FHA mortgage loan products. 


 

	 	•	 	Required Insurance Amount: Seller shall maintain Errors and Omissions and Financial Institutional Bond insurance with $5,000,000 minimum Limit of Liability at all times. 


 

	 	•	 	Seller shall maintain evidence of Financial Institution Bond Theft of Warehouse Lender’s Money or Collateral Endorsement in addition to Direct Loss-Payee Riders naming Wells Fargo Bank, N.A. as a direct loss-payee
to each insurance policy. 

  

	 	•	 	Seller is approved for hedging subject to Seller complying with their 03/16/2011 Hedging Policy and Buyer’s Hedged Loan Policy at all times. 


 

	 	•	 	Seller is permitted to submit Jumbo Mortgage Loans provided Seller complies with Buyer’s policy, does not have a pattern of covenant compliance violations, or aged loans on the Buyer’s facility. All Jumbo
Mortgage Loans must fit Buyer’s eligibility criteria at all times. Buyer reserves the right to change the eligibility criteria at its sole discretion. Seller must maintain at least three (3) MBFG-approved investors who purchase Jumbo
Mortgage Loans at all times. 

  

	 	•	 	Seller is permitted to submit Agency Securities provided Seller complies with Buyer’s policy and procedures. 

  

	 	•	 	In addition to retail Mortgage Loans, Seller is permitted to submit wholesale Mortgage Loans and correspondent Mortgage Loans provided Seller complies with its wholesale policy dated 01/29/14 and correspondent policy
dated 04/18/13 at all times. All wholesale Mortgage Loans must be closed in the name of the Seller. Correspondent Mortgage Loans may be closed in the name of the approved correspondent. Buyer or a third party acceptable to Buyer may conduct a due
diligence review of Seller’s broker and correspondent files, as well as Seller’s wholesale Mortgage Loans and correspondent Mortgage Loans periodically at its sole discretion. 


 

	 	•	 	LD Escrow, Inc. is only approved to administer closings for the Seller and shall not receive and/or control funds for a transaction. All necessary funds for a transaction shall be remitted to an approved Closing Agent
of the Buyer. 

  

	 	•	 	Seller is permitted to submit Client Credit Underwritten Non-Agency Jumbo loans provided Seller complies with Buyer’s policy and procedures for such loan type, as may be amended from time to time.


  

	 	•	 	Seller is permitted to place HARP Mortgage Loans on the Buyer’s facility provided Seller complies with Buyer’s HARP 2.0 Program Guidelines policy, as may be amended from time to time. 


 

	 	•	 	Seller is subject to a credit and/or due diligence review by Buyer on no less than an annual basis, as determined by Buyer at its sole discretion. 


 

	 	•	 	Minimum FICO score shall be such score as outlined in the Manual, with the exception provided for in the Sublimits section of this Addendum. 


 

	 	•	 	On the first Business Day of each calendar quarter, Seller shall remit to Buyer an amount equal $[***] in immediately available funds to the Buyer’s account listed in the Addendum. 


 

			
	Financial Covenants:	  	
		
	 •    Indebtedness to Adjusted Tangible Net Worth Ratio: Maximum
of 12:1 at all times
  

•    Adjusted Tangible Net Worth Threshold: Minimum of $75,000,000 at all times.

 
 •    Maximum Financial
Exposure: Seller shall maintain net hedged pipeline total financial exposure of no greater than $1,000,000 at all times.
	  	 •    Unrestricted Cash: Minimum of $20,000,000 at all times, exclusive of the cash reserve which
shall be held in the name of LoanDepot.com, LLC in the amount of 0.5% of the Maximum Aggregate Purchase Price in a FDIC insured account with Buyer (the “Reserve Account Threshold”). For the avoidance of doubt, the Reserve Account will be
considered part of the Purchased Assets as such term is defined in the Agreement.

	  
	  
	  
	  

 Fee Schedules: 
 In
addition to, all fees and expenses set forth in the Agreement, Seller shall pay all fees and expenses set forth on Schedule 1 and the standard fees and charges of the Buyer pursuant to the type of commercial banking account(s) selected by the
Seller, as modified from time to time by the Buyer in its sole discretion. 

  
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 Entire Agreement: 

The Agreement, the Guaranty, this Addendum, and all schedules hereto and thereto collectively together shall constitute the entire agreement between the
parties hereto pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, of the parties hereto, and there are no warranties,
representations or other agreements between the parties in connection with the subject matter hereof except as specifically set forth or incorporated therein or herein. Terms not defined herein shall have the meaning set forth in the Agreement. All
references to the Addendum in the Program Agreements shall mean this Amended and Restated Addendum, dated February 16, 2015. 
 Signatures: 

 

					
	 Party
	  	 Name / Title of Signatory
	  	 Signature

			
	Wells Fargo Bank, N.A.	  	 Kenneth D. Logan
 Managing Director
	  	 /s/ Kenneth D. Logan

			
	loanDepot.com, LLC	  	 Jon Frojen
 Chief Financial Officer
	  	 /s/ Jon Frojen

			
	loanDepot.com, LLC, as Servicer for Buyer	  	 Jon Frojen
 Chief Financial Officer
	  	 /s/ Jon Frojen



  
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 [***] – Confidential portions of this document have been redacted and filed separately with
the Commission. 
 SCHEDULE 1 

Fee Schedule 
  

					
	 Transaction Fee Type
	  	 Fee
Amount
	  	 Condition When Applies

			
	Processing fee	  	 [***]
	  	 [***]

			
	Wet-Ink Mortgage Loan disbursement fee	  	 [***]
	  	 [***]

			
	Wire fee	  	 [***]
	  	 [***]

			
	Airbill fee	  	 [***]
	  	 [***]

			
	Wet-Ink Mortgage Loan fee	  	 [***]
	  	 [***]

			
	Non-usage fee	  	 [***]
	  	 [***]

			
	Same day funding fee	  	 [***]
	  	 [***]

			
	Custodial processing fee	  	 [***]
	  	 [***]

			
	Aged loan margin & fee	  	 [***]
	  	 [***]

			
	Shipped Mortgage Note penalty fee	  	 [***]
	  	 [***]

			
	Agency Custodian processing fee	  	 [***]
	  	 [***]

			
	Minimum income fee	  	 [***]
	  	 [***]

			
	Modification fee	  	 [***]
	  	 [***]

			
	Compliance waiver fee	  	 [***]
	  	[***]

 SCHEDULE 2 

Indebtedness Schedule 
  

			
	 Credit Facilities and Other Indebtedness
	  	Credit Facility Limit & Maximum Other Indebtedness
	 Bank of America Repo
	  	$300,000,000
	 Citi Bank Repo
	  	$125,000,000
	 UBS Bank Repo
	  	$400,000,000
	 Texas Capital Bank Repo
	  	$115,000,000
	 Everbank Repo
	  	$125,000,000
	 Bank of America Gestation
	  	$150,000,000
	 Jefferies Repo
	  	$250,000,000
	 Jefferies Gestation
	  	$250,000,000
	 FNMA ASAP+
	  	$100,000,000


  
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 [***] – Confidential portions of this document have been redacted and filed separately with
the Commission. 
 SCHEDULE 3 

Pricing Schedule 
  

							
	 Purchased Mortgage Loans (Product Type)
	  	Purchase Price
Percentage	 	Loan Margin	 	Maximum
Transaction
Duration
	 Government Mortgage Loan & Conforming Mortgage Loan - retail
	  	[***]	 	[***]	 	[***]
	 Government Mortgage Loan & Conforming Mortgage Loan - wholesale
	  	[***]	 	[***]	 	[***]
	 Government Mortgage Loan & Conforming Mortgage Loan - correspondent
	  	[***]	 	[***]	 	[***]
	 Agency Security
	  	[***]	 	[***]	 	[***]
	 HARP Mortgage Loan
	  	[***]	 	[***]	 	[***]
	 Jumbo Mortgage Loan
	  	[***]	 	[***]	 	[***]
	 Client Credit Underwritten Non-Agency Jumbo loan
	  	[***]	 	[***]	 	[***]

 SCHEDULE 4 

Seller Trade Names 

loanDepot.com 
 DirectRates 

loanDepot, LLC 
 Residential Lending

 LD 
 Residential Lending
loanDepot.com, LLC 
 Mortgage Master, Inc. 

Mortgage Master National 
 Mortgage
Master Pacific 
 Imortgage 

LDWholesale 

  
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