FOOTHILL RANCH, Calif.,
June 30, 2021 /PRNewswire/
-- loanDepot, Inc. (NYSE: LDI) ("loanDepot" or the "Company"),
the nonbank lending innovator that is using its proprietary
mello® technology to transform the mortgage industry, today
announced the appointment of George
Brady as Chief Digital Officer, effective July 6th.
Brady will oversee all of loanDepot's best-in-class technology
capabilities, including its leading proprietary platform,
mello®, with a specific focus on spearheading loanDepot's
technological innovation. Brady's appointment underscores the
company's unending drive to continuously set radical technological
innovation standards for the entire mortgage industry. He will
report directly to loanDepot Founder and CEO Anthony Hsieh. loanDepot's industry-renowned
technology team, led by Sudhir Nair,
Chief Information Officer, will report to Brady.
"Pushing the technology envelope is in loanDepot's DNA," said
Hsieh. "Our technology-powered products and services have changed
the game for customers and originators by providing an exceptional
experience they can't get anywhere else. George is a rare talent
whose unmatched knowledge, skills and leadership will help drive
our world-class platform to new heights and continue to cultivate a
culture of innovation and technical excellence. George adds
incredible firepower to an already exceptional team, and I'm
confident his vision will enable us to further advance our ongoing
quest to revolutionize mortgage lending."
Brady brings a nearly 35-year history of technology and
innovation leadership across a variety of financial services firms,
most recently as Chief Technology Officer at Capital One, where he
led a comprehensive digital transformation of the company's
software and risk management capabilities. Brady also held
technology leadership roles at Fidelity Investments and Goldman
Sachs & Co, among other major financial institutions.
"I've long admired loanDepot's deep understanding of how
technology can push the boundaries to serve and enable consumers
and originators to seamlessly and successfully navigate the lending
process," said Brady. "Between its remarkable track record of
digital innovation, the talent and passion of its outstanding team
and the commitment of a visionary CEO to stay on the cutting edge,
loanDepot is in a unique market position. The time is right to set
the new standard for technological excellence and expand our
capacity to meet the changing expectations of our customers."
About loanDepot:
loanDepot is a contemporary financial
services company dedicated to delivering a best-in-class experience
to its mortgage purchase and refinance customers. Launched in 2010,
loanDepot offers a diversified network of retail and partner
business channels, uniquely positioning it to serve a wide range of
customers. Headquartered in Southern
California, the Company has funded more than $350 billion in mortgage loans since its founding
and currently ranks as the second largest retail nonbank lender and
one of the leading retail mortgage lenders in the United States. Committed to serving the
communities in which its team members live and work, loanDepot has
donated millions of dollars to support a variety of local, regional
and national philanthropic efforts, most recently giving more than
$2.5 million to help with
COVID-related efforts for first responders, healthcare workers,
individuals and families nationwide. The Company also is a founding
sponsor of War Heroes on Water, which supports ongoing therapeutic
healing services for combat-wounded veterans nationwide.
Cautionary Statement Regarding Forward-Looking
Information
Investor Relations Contact:
Gerhard Erdelji
SVP, Investor Relations
(949) 822-4074
IR@loandepot.com
Media Contact:
Rebecca
Anderson
SVP, Strategic Communications & Public Relations
(949) 822-4024
rebeccaanderson@loandepot.com
LDI-IR
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SOURCE loanDepot, Inc.