Anthony Hsieh is fighting with the loanDepot board
Anthony Hsieh will use his majority voting power to unilaterally nominate Steven Ozonian for election to the board of directors, exposing a dispute with other loanDepot board members.
Anthony Hsieh will use his majority voting power to unilaterally nominate Steven Ozonian for election to the board of directors, exposing a dispute with other loanDepot board members.
Nonbank retail lender loanDepot has announced the appointment of one of its independent directors, Pamela Hughes Patenaude (pictured), as the chair of Home Builders Institute (HBI) board of trustees, a non-profit that provides trade skills education for home builders. loanDepot CEO Frank Martell expressed his congratulations and excitement for Patenaude’s appointment, recognizing her as a … [Read more…]
Up to 80% of loanDepot’s top producing LO team is expected to join Revolution Mortgage, Stacy Chevalier told HousingWire.
Though some lenders have tabled tech initiatives until the origination landscape improves, other players in the market, like loanDepot, are enhancing their operating capacity. The Foothill Ranch, California-based lender announced Thursday that it is in the process of incorporating Black Knight’s cloud-based Empower loan origination system. Migrating to the new LOS, which should be completed … [Read more…]
Black Knight’s loan origination system will complement and integrate with loanDepot’s proprietary technology system mello.
The lawsuit was filed against loanDepot by about 40 former loanDepot employees over a number of alleged labor violations.