Just months after a proxy fight that pitted loanDepot founder Anthony Hsieh against his Board of Directors, the company is announcing a series of leadership changes.
In a press release, loanDepot said the company is making “organizational changes expected to improve operational efficiency.”
Former CoreLogic executive David Hates is joining the company as CFO, starting June 26, 2023. Current CFO Patrick Flanagan is “departing the company” with no further explanation.
In another major shift, LDI Digital, including mellohome, will be consolidated into the company’s existing production channels. Jeff Walsh, LDI Mortgage President, will oversee the transition, while President Zeenat Sidi is leaving loanDepot as a result of the change.
Chief Accounting Officer Nicole Carrillo and Chief Human Resources Officer Kevin…
Industry leader Alec Hanson has been promoted to Chief Marketing Officer at loanDepot.
Hanson has nearly two decades of experience. In 2004, he was named Rookie of the Year by Scotman’s Guide, and has since received HousingWire’s Rising Star award three times.
Hanson joined loanDepot in 2011, starting as VP of Regional Production for Southern California. He most recently served as SVP of Production for the West division.
Prior to loanDepot, Hanson held leadership positions at Bank of America. He also founded a cross-fitness company in Costa Mesa.
“I’ve been a part of the loanDepot story for more than a decade now in a variety of roles. This is a phenomenal company, made up of extraordinary people, with an incredible…
loanDepot founder and former CEO Anthony Hsieh has stepped down from his executive chairman position as part of a mutual agreement unanimously approved by the company’s Board of Directors.
In a press release, the Board explained that the decision arose from a proxy fight started by Hsieh when he sent a letter to loanDepot shareholders indicating he planned to nominate and, by virtue of his 57% combined voting power, instate Steven Ozonian as a director.
Ozonian is CEO of the Williston Financial Group and would have replaced sitting independent director Pamela Hughes Patenaude, a real estate and housing policy expert whose term expires at loanDepot’s annual meeting this year.
Hsieh cited an “urgent need for board refreshment” to combat dwindling…
By KIMBERLEY HAAS Leaders at loanDepot are saying they are pleased with a federal judge’s decision to grant a preliminary injunction against six former employees and CrossCountry Mortgage. The employees are currently employed by CrossCountry and are accused of taking sensitive customer information from loanDepot to their new employer. On Tuesday, U.S. District Court Judge Edmond Chang of the Northern District of Illinois issued the injunction. Chang found that “there is a likelihood of success on all of loanDepot’s claims against the defendants.” loanDepot’s lawyers claim that CrossCountry and the six former employees misappropriated loanDepot trade secrets; that CrossCountry aided and abetted contractual and fiduciary violations by these recent hires; and that CrossCountry was responsible for tortious interference with the…
Patrick Dodd has been named president and chief executive officer of CoreLogic, the company announced in a press release. “I am honored and excited to continue leading our outstanding team through this next important phase of growth and transformational evolution for our company,” Dodd said. Dodd replaced former CEO Frank Martell in January when Martell said it was time for him to “step back” from leading the company. Martell took a non-executive position as chair of the board of directors, and Dodd became interim CEO. Prior to that announcement, Dodd served as CoreLogic’s chief operating and growth officer. Other past positions include a long tenure at TV ratings firm Neilson, including holding the title of president of Nielsen Europe, China,…
Home prices across the country climbed 18.1% year-over-year (YOY) in November 2021, according to CoreLogic’s Home Price Index (HPI) Report. This is the highest annual growth since at least 1976 when the HPI began. For comparison, the annual growth in November 2020 was 8.1%. Home price growth, which is calculated against the median national home sale price, was up in all four price tiers measured by CoreLogic. The lowest price tier rose 19.8% YOY, while the low- to middle-priced tier rose 19%. Middle- to moderately-priced homes saw an increase of 19.1%, while high-priced homes saw prices rise 18.6%. Arizona saw the highest YOY appreciation (+28.6%), followed by Florida (+25.8%) and Idaho (+25.5%). Washington, D.C., and Alaska were at the bottom…
