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Business Wire
6 days ago
- Business
- Business Wire
loanDepot Adds Mortgage Technology Trailblazers to Executive Team
IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, "loanDepot" or the "Company") today announced two executive appointments intended to drive profitable growth and operating leverage through the development of best-in-class technology. As Chief Digital Officer, Dominick Marchetti leads the Company's overall digital transformation and strategy, ultimately responsible for using technology to drive improved operational outcomes and competitive advantage. As Chief Innovation Officer, Sean DeJulia is responsible for driving innovation throughout the loan manufacturing process across all of its production channels, with a strong focus on the top of the funnel. 'The return of these two brilliant and proven technology trailblazers—each with their own unique but complementary strengths—marks a pivotal moment for the Company and a return to our roots of innovation." Share Said CEO Anthony Hsieh, 'The return of these two brilliant and proven technology trailblazers—each with their own unique but complementary strengths—marks a pivotal moment for the Company and a return to our roots of innovation. I had the privilege of working closely with both as we built the groundbreaking technology that defined loanDepot's early reputation and growth, so I know firsthand what they're capable of. Their return is more than a reunion: it's a force multiplier that will accelerate our digital transformation in both the near and long term. I couldn't be more excited to work with both of them again.' About Dom Marchetti Marchetti, who served as loanDepot's Chief Technology Officer from 2015 to 2019 and is regarded as one of the top mortgage technology leaders in the country, has spent most of his career building and redefining the way mortgage companies do business. He is also a serial entrepreneur who founded his first mortgage company in 1996. After loanDepot, Marchetti joined Rate to help drive its product innovation initiatives before launching his own mortgage tech strategy and consulting firm, Mezzo. At Mezzo he worked closely with many of the industry's top lenders, building new products by leveraging industry experts and developing a deep understanding of the competitive landscape. Said Hsieh, 'Dom is an exceptional partner—someone I trust deeply, who has a proven track record of delivering next-generation capabilities, and with whom I am completely aligned in how we think about the business. Among the many things that set him apart are his expansive knowledge, his incredible industry relationships, and his ability to harness technology and innovation to build and run an exceptional mortgage business.' Said Marchetti, 'The rapid acceleration of AI is bringing significant changes to our industry, and this is an exciting moment to join a leadership team with the knowledge, longevity and vision to embrace those opportunities. Further, the launch of the mello® platform was one of the most rewarding experiences of my career, so I am thrilled to be back at loanDepot working alongside Anthony and the rest of the leadership team to build on our strengths as we harness our technology prowess to drive stronger business outcomes.' About Sean DeJulia DeJulia is a seasoned mortgage technology innovator who started his career with Empower (now Dark Matter Technologies) and honed his software engineering expertise over a decade at loanDepot. After loanDepot, he founded Lodasoft, which works with top mortgage lenders to streamline manufacturing workflows, improve operational efficiency, and reduce both cost and risk for its clients. That experience helped him gain a comprehensive perspective on the industry. In addition, DeJulia brings real-world lending experience to his work. As a mortgage originator, he gained invaluable insights into both loan origination and processing challenges as well as the customer experience, all of which inform his development of intuitive, compliant, and scalable solutions. Said Hsieh, 'There are very few people who match the type of 'mortgage IQ' Sean has, namely deep competitive knowledge and big picture thinking combined with top tier coding talent and first-hand experience as an originator. This is evident not only in his past experience with our Company, but also by his success as an entrepreneur. Sean will set the gold standard for innovation both here at loanDepot and across the mortgage industry.' Said DeJulia, 'The opportunity to return to loanDepot and apply all that I've learned over the course of my career was something I just couldn't pass up. I'm ready to roll up my sleeves and get to work, and I look forward to a strong partnership with Anthony and the entire leadership team as we work to accelerate our growth goals, regain our market share and return to our heritage as a true mortgage innovator.' As part of their charter for the next 90 days, Marchetti and DeJulia will evaluate the critical resources required to develop next generation tools and capabilities. Forward Looking Statements This press release may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, our executive leader capabilities and value, our digital transformation, business and technical strategies, business outcomes, innovation efforts, adoption of artificial intelligence, and evaluation of critical resources. These forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words 'outlook,' 'potential,' 'believe,' 'anticipate,' 'expect,' 'intend,' 'plan,' 'predict,' 'estimate,' 'project,' 'will be,' 'will continue,' 'will likely result,' or other similar words and phrases or future or conditional verbs such as 'will,' 'may,' 'might,' 'should,' 'would,' or 'could' and the negatives of those terms. These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict, including but not limited to, the following: our ability to achieve the expected benefits of our strategic plans and priorities and the success of other business initiatives; our ability to achieve profitability; our loan production volume; our ability to maintain an operating platform and management system sufficient to conduct our business; our ability to maintain warehouse lines of credit and other sources of capital and liquidity; our ability to effectively utilize artificial intelligence; impacts of cybersecurity incidents, cyberattacks, information or security breaches and technology disruptions or failures, of ours or of our third party vendors; the outcome of legal proceedings to which we are a party; our ability to reach a definitive settlement agreement related to the Cybersecurity Incident; adverse changes in macroeconomic and U.S residential real estate and mortgage market conditions, including changes in interest rates and changes in global trade policy and tariffs; changing federal, state and local laws, as well as changing regulatory enforcement policies and priorities; and other risks detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Reports on Form 10-Q as well as any subsequent filings with the Securities and Exchange Commission. Therefore, current plans, anticipated actions, and financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law. About loanDepot: Since its launch in 2010, loanDepot (NYSE: LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts. LDI-IR
Business Wire
28-07-2025
- Business
- Business Wire
loanDepot Founder and Chairman of the Board Anthony Hsieh Named Permanent CEO
IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, "loanDepot" or the "Company") today announced that Company Founder and Chairman of the Board Anthony Hsieh has been appointed permanent Chief Executive Officer by its Board of Directors, effective immediately. Hsieh has served as Interim CEO since the departure of Frank Martell on June 4, 2025. 'We are fortunate Anthony has agreed to return to the role of CEO.' 'We are fortunate Anthony has agreed to return to the role of CEO,' said loanDepot Board Member and Chair of the Nominating and Governance Committee Pam Patenaude. 'The rapid acceleration of AI and its disruption of established operating models make this a unique moment in time for the Company. The industry has entered a period of significant change, and with his founder's mentality, history of disruption and commitment to innovation, no one is better suited than Anthony to lead loanDepot through this transformation.' Hsieh is a respected industry veteran and lifelong entrepreneur who has spent his entire career in the mortgage business. He founded loanDepot in 2010 as a de novo startup and grew the business by an average of 38% year over year for the first decade to become the second largest retail lender in the nation, surpassing many iconic mortgage brands along the way. During that time, the Company differentiated itself with a laser focus on innovation, efficiency, and customer delight. In 2017, Hsieh introduced the Company's proprietary point of sale software, mello®, which was celebrated as a best-in-class platform at the time and remains the platform of choice for originators today. Along the way Hsieh was recognized with various industry awards, including LendIt Fintech's 'Executive of the Year' in 2018. Said Hsieh, 'loanDepot has a unique set of assets—our brand and marketing muscle, our diversified channel strategy, our servicing portfolio and our exceptional customer experience among them—but our most significant differentiator has always been our ability to disrupt and redefine the industry through our innovative use of technology. Today, we return to those roots. The broad adoption of AI represents a paradigm shift, and we must be ready to capitalize on that opportunity.' He continued, 'I am thrilled to return to the helm of the Company that I, along with many members of Team loanDepot, built from the ground up. There's a unique energy that comes from being a founder, and I believe the passion and drive of that 'founder's mindset' will be an advantage as we recommit to innovation and rekindle the competitive spirit that has always made loanDepot special. Above all, my focus is to drive profitable growth and regain the market share that we built in the first 12 years of our Company. We will return to competing at the highest levels.' As part of his charter for the next 90 days, Hsieh plans to add several top-tier executives to his leadership team, expanding a best-in-class constellation of mortgage leadership talent. The team will be aligned to Hsieh's innovation agenda and will be laser focused on improving Company performance in the near term while setting the stage for long-term growth and a return to industry leadership. Forward Looking Statements This press release may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, our business strategies and strategic focuses, profitable growth, market share, adoption of artificial intelligence, adding top-tier executive talent, our ability to compete, and our commitment to innovation. These forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words 'outlook,' 'potential,' 'believe,' 'anticipate,' 'expect,' 'intend,' 'plan,' 'predict,' 'estimate,' 'project,' 'will be,' 'will continue,' 'will likely result,' or other similar words and phrases or future or conditional verbs such as 'will,' 'may,' 'might,' 'should,' 'would,' or 'could' and the negatives of those terms. These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict, including but not limited to, the following: our ability to achieve the expected benefits of our strategic plans and priorities and the success of other business initiatives; our ability to achieve profitability; our loan production volume; our ability to maintain an operating platform and management system sufficient to conduct our business; our ability to maintain warehouse lines of credit and other sources of capital and liquidity; our ability to effectively utilize artificial intelligence; impacts of cybersecurity incidents, cyberattacks, information or security breaches and technology disruptions or failures, of ours or of our third party vendors; the outcome of legal proceedings to which we are a party; our ability to reach a definitive settlement agreement related to the Cybersecurity Incident; adverse changes in macroeconomic and U.S residential real estate and mortgage market conditions, including changes in interest rates and changes in global trade policy and tariffs; changing federal, state and local laws, as well as changing regulatory enforcement policies and priorities; and other risks detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Reports on Form 10-Q as well as any subsequent filings with the Securities and Exchange Commission. Therefore, current plans, anticipated actions, and financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law. About loanDepot: Since its launch in 2010, loanDepot (NYSE: LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts. LDI-IR
