Since returning in July as CEO of the company he founded, Anthony Hsieh has cleaned house, hiring or promoting 10 executives who can help take loanDepot “back to our roots.” Continue reading
Anthony Hsieh brings back two technology executives after loanDepot, which hasn’t turned a full-year profit since 2021, posts $25 million Q2 loss. Continue reading
Company founder Anthony Hsieh, who returned to the executive leadership team in March, says investments in technology, connections to real estate agents and joint ventures with homebuilders will help it scale. Continue reading
While mortgage originations were up 34 percent from a year ago, to $7.2 billion, company executives said they don’t expect lending to surpass $5.5 billion in Q1 2025. Continue reading
Martell will transition into a board advisory role by June and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday. Continue reading
With listings scarce and refinancings sluggish, the strategy of partnering with homebuilders to form joint ventures like Onx X+ Mortgage is to grow loanDepot’s purchase loan business. Continue reading
Beleaguered lender ekes out $2.67 million third quarter profit, with loan originations up 9 percent from a year ago as refinancings bounce back on retreat in rates. Continue reading
Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they’re in a better position to grow after selling $29 billion in mortgage servicing rights. Continue reading
HomeLight CEO Drew Uher says he’s glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees value of being in lending “in a very selective way.” Continue reading
The rising cost of construction, insurance and property taxes are creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell. Continue reading