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 has migrated all of its mortgage loans into its in-house servicing platform.
The company began moving all loans from its third-party sub-servicer in early 2021, and updated its servicing portal to better serve mortgagees later that year. In January 2022, it successfully moved all FHA, VA, and USDA-funded Ginnie Mae loans into the new servicing system.
“Bringing this two-year effort to the finish line is a true testament to loanDepot’s ongoing investment in our in-house servicing capabilities and, in turn, our customers,” said LDI Managing Director of Operations and Servicing Dan Binowitz.
“Providing best-in-class customer service is our top priority and owning the entire customer journey enables us to build loyalty by providing the most hassle-free and streamlined service…
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 Wells Fargo announced this week that they are reducing their home lending footprint and some people are saying it may be big news in the lending space, but will likely not make much of a difference to the average consumer. It was announced Tuesday that the company, formerly the nation’s largest mortgage lender, is exiting the correspondent lending channel and shrinking its mortgage servicing portfolio. Plans are to focus on serving bank customers and members of minority communities. Lawrence White, a professor of economics at the New York University Leonard N. Stern School of Business, sat down with the Mortgage Note to talk about the news on Wednesday. White said he hopes the move by leaders at…
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…
Joseph Grassi has been appointed as chief risk officer of loanDepot, the company announced in a press release. Grassi reports directly to loanDepot CEO Frank Martell. He is responsible for the company’s risk management program, enterprise and loan-level risk governance policies, and potential operations risks. “I look forward to working with Frank and his entire leadership team at loanDepot to deliver on the company’s vision of becoming an increasingly purpose-driven organization,” said Grassi. “loanDepot has both an incredible reputation for fostering innovation and a deep commitment to its customer-first philosophy. I’m excited to leverage the strengths of the Company and team to help make the American dream of homeownership a reality for more families.” Grassi brings more than three decades…
Good Morning! Today is Tuesday, April 26. The Biden administration established a program that allows Americans to sponsor Ukrainian refugees. A New York judge held Donald Trump in contempt for refusing to turn over documents. The Boston Celtics eliminated the Brooklyn Nets in the first round of the N.B.A. playoffs. The Mortgage Note Reports Housing Bubble: Clickbait Or Is There A Bumpy Ride Ahead? Chuck Green reports trouble could be percolating in the U.S. housing market. loanDepot Shakeup: loanDepot has named Anthony Hsieh as its new Executive Chairman, while industry leader Frank Martell joins as President and CEO. Builder Profits: Builder gross profit margins fell to 18.2% in 2020, while net profits slipped to 7%, the first profit margin decline since 2008. And in other mortgage and housing news… Set To Stall: …
loanDepot has promoted long-time employee Min Kim to EVP, Marketing and Analytics, the company announced in a press release. Kim has worked at loanDepot since 2012 as director of risk monitoring and reporting, during which time he built a robust risk reporting infrastructure for the company. In 2015 he moved to marketing analytics, quickly earning a promotion to SVP of Marketing Analytics. Before loanDepot, Kim worked in risk management for Hyundai Capital America and LendingTree Loans. “It’s been an exciting decade as a member of Team loanDepot, as we have worked to disrupt the mortgage experience and realize our CEO’s vision,” said Kim. “I look forward to taking on my new role, leading the Marketing and BI teams to provide…
By KIMBERLEY HAAS The CEO of loanDepot says they will continue to focus on their long-term strategy to become the most trusted homeowner fulfillment company in the world after the company released their results for 2021, which show a decline in net income but an increase in market share. Anthony Hsieh, Founder and CEO of the California-based company, said they have the tools to pivot and adjust to market trends and their business was purpose-built with periods of pressure in mind. “The results of 2021 are only a preview of what’s to come as we leverage our brand, develop and apply innovative technology solutions, drive down costs and add more products and services to help our customers successfully navigate one…
Good Morning! Today is Thursday, January 13. Donald Trump endorsed booster shots and said politicians who hid their vaccination status were “gutless.” Kevin McCarthy, the top House Republican, said he would not cooperate with the House committee investigating the Capitol riot. More than 8,000 unionized employees at Kroger’s King Soopers stores in Denver went on strike on Wednesday. And in mortgage and housing news… Mortgage Applications Up: Mortgage loan application volume rose 1.4% from last week, though refis once again fell, MBA reported. All-Time Low: ATTOM’s Year-End Foreclosure Market Report found foreclosure filings dropped to an all-time low in 2021, down 95% from a peak of nearly 2.9 million in 2010. Forty-Year High: The BLS’s Consumer Price Index reported that…
