After a dramatic proxy fight that seemingly led to his downfall, Anthony Hsieh is returning to an executive leadership position at loanDepot while President and CEO Frank Martell steps down. Martell’s departure will be effective at the company’s stockholder meeting in June. He will transition to a Board advisory role. “During Frank’s tenure, loanDepot successfully…
loanDepot expanded its equityFREEDOM portfolio to help American homeowners access their tappable equity. The expansion adds 10- and 30-year fixed-term options to its current 20-year fixed-rate home equity loan, complementing its first- and second-lien HELOCs. Borrowers access the equity in their homes in a lump sum in one of three fully amortizing loan terms, while…
loanDepot named former MLB relief pitcher Bart Evans as its new regional VP for the Southeast. Evans brings more than two decades of experience to the position, previously holding leadership roles at Summit Funding and Movement Mortgage. Before joining the industry, he spent eight years pitching for the Kansas City Royals starting in 1992. He will…
Industry veteran Teresa Carlile has been named president of the loanDepot-affiliated Ridgeland Mortgage. Ridgeland is a joint venture between loanDepot and Smith Douglas Homes, the 36th largest new home builder in the U.S. Teresa brings more than two decades of experience to the company. Throughout her career, she has held leadership positions with D.H.I. Mortgage,…
loanDepot teamed up with builder Smith Douglas Homes to provide streamlined financing options for new home buyers. The new venture, Ridgeland Mortgage, offers home financing through loanDepot for new construction built by Smith Douglas. “Our new joint venture helps both companies make the American dream of homeownership possible for more families while providing Smith Douglas…
Navy veteran and VA lending specialist Bryan Bergjans joined loanDepot as its national director of military growth and strategy. Bergjans brings nearly twenty years of military experience and mortgage industry know-how to the position. He previously worked with Caliber Home Loans for eight years, and continues to serve in the Navy Reserves as the Readiness…
Long-time loanDepot exec Viviana Abarca has been promoted to managing director of mortgage lending operations, the company announced. Abarca previously served as EVP of Lending Operations. In the last eleven years, she has held multiple positions across loanDepot, starting her tenure in 2013 as an underwriting manager. “We have a phenomenal team, a phenomenal platform,…
loanDepot introduced a new training resource for loan officers interested in expanding their knowledge of VA loans. The “VA Loan Officers Master Class” was designed to help LOs navigate the important and specialized world of veterans’ loans. VA loans offer huge benefits for America’s armed forces but can be difficult to close. Lenders working with…
Jeff Wilkish has been named Regional VP for New England at loanDepot, the lender announced in a press release. In his new role, Wilkish will oversee growth and performance at branches throughout New Hampshire, Rhode Island, Massachusetts, Maine, and Vermont. “As we considered how to fill this critical leadership position, we looked for someone who…
Earnings for the fourth quarter of 2023 are out, offering a view into how lenders did in the colder months and the year overall. Here’s a snapshot of how some of the nation’s top lenders handled last winter. Rocket Mortgage Rocket reported depressed earnings, with losses of $233 million quarter-over-quarter and a full-year net loss…
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