loanDepot Founder Anthony Hsieh Named Permanent CEO
loanDepot, Inc. (NYSE: LDI) has officially appointed its Founder and Chairman of the Board, Anthony Hsieh, as permanent Chief Executive Officer. Hsieh has held the position of Interim CEO since June 4, 2025, following Frank Martell’s departure.
Hsieh brings extensive experience as a mortgage industry veteran and entrepreneur, having founded loanDepot in 2010. Over the first decade, he led the company to an average growth rate of 38% annually, establishing loanDepot as the second largest retail lender in the United States. His leadership has been marked by a strong focus on innovation, efficiency, and customer satisfaction.
Strategic Focus and Leadership Vision
As CEO, Hsieh’s priorities include returning loanDepot to profitability and regaining lost market share. He plans to steer the company toward advanced technical capabilities, particularly through the adoption of artificial intelligence (AI). This move aims to position loanDepot ahead of industry trends and improve products and services for customers, originators, and partners alike.
Hsieh stated, “Our unique assets include our brand strength, diversified channel strategy, servicing portfolio, and exceptional customer experience. However, our greatest advantage remains our ability to disrupt and redefine the industry through technology.” He emphasized the importance of embracing AI as a transformative opportunity.
Building a Stronger Leadership Team
Within the next 90 days, Hsieh plans to onboard several top-tier executives to support his innovation agenda. This expanded leadership team will focus on both immediate performance improvements and laying the groundwork for sustainable, long-term growth. Hsieh is committed to restoring loanDepot’s competitive edge and driving profitable expansion.
Industry Recognition and Legacy
Under Hsieh’s guidance, loanDepot introduced mello®, a proprietary point-of-sale software launched in 2017 that remains a preferred platform for mortgage originators. His contributions to the mortgage sector have earned him accolades such as LendIt Fintech’s “Executive of the Year” in 2018.
Board Support Amid Industry Transformation
Pam Patenaude, loanDepot Board Member and Chair of the Nominating and Governance Committee, praised Hsieh’s return as CEO. She highlighted the accelerating impact of AI and the disruption of traditional business models as critical factors. Patenaude expressed confidence that Hsieh’s founder mentality and commitment to innovation uniquely qualify him to guide loanDepot through this period of change.
About loanDepot
Founded in 2010, loanDepot is licensed in all 50 states and offers a broad range of lending and real estate services. The company aims to simplify the mortgage process for both customers and originators by leveraging digital technologies. In addition to its business goals, loanDepot supports communities through various local and national philanthropic initiatives.
Forward-Looking Statements
This announcement includes forward-looking statements related to loanDepot’s business strategies, growth prospects, AI adoption, and leadership plans. These statements involve risks and uncertainties that may cause actual results to differ materially. Factors include market conditions, regulatory changes, cybersecurity risks, and the company’s ability to execute its strategic initiatives.
For detailed information on risks, please refer to loanDepot’s Annual and Quarterly Reports filed with the Securities and Exchange Commission.
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