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TheStreet Open House

LoanDepot Strengthens Senior Leadership Team With Experienced Mortgage Professionals In Key Areas

FOOTHILL RANCH, Calif., Feb. 12, 2013 /PRNewswire/ -- loanDepot.com, LLC, one of the nation's largest independent mortgage lenders, has added several mortgage veterans to its leadership team, expanding an already experienced and talented executive lineup. These individuals join a company that has seen steady growth since operations began in 2010.

(Logo:  http://photos.prnewswire.com/prnh/20120829/SF64465LOGO)

"Each of these executives has been strategically selected to support the continued growth and development of loanDepot," said Chief Executive Officer and Founder Anthony Hsieh. "Their collective mortgage experience will position loanDepot to be a market share leader in our industry."

Since 2010, loanDepot has grown its workforce to more than 1,000 and licensed itself in all 50 states. In those three years, loanDepot has received approvals to sell loans to Fannie Mae, Freddie Mac and Ginnie Mae and has started servicing a majority of the loans it originates. To support this growth, loanDepot has recently added several mortgage veterans.

H. Lynn Ryan, the newest addition to the loanDepot team, will serve as Executive Vice President and Chief Information Officer, taking on that role this week. Ryan will have oversight of all the company's Information Technology systems, operations and services and will be responsible for the strategic direction of loanDepot's technology. Ryan most recently served as Senior Vice President and CIO of CIT Group and previously held CIO roles at Novastar Financial, Ameriquest and Argent Mortgage. She also held senior information technology leadership roles at Sanwa Bank, Bank of America and Security Pacific National Bank.

Candis Duke was named Chief Operating Officer in January. Duke oversees underwriting, credit, funding and enterprise risk management for loanDepot.  She most recently served as Chief Risk Officer at Prospect Mortgage Company and her prior experience includes President at Mortgage & Management Strategies as well as management roles at Plaza Home Mortgage and Suncoast Savings & Loan.

Jeff Walsh, Executive Vice President at loanDepot, was hired at the end of 2012 to oversee various departments during loanDepot's continued growth.  These areas include Processing, Human Resources, Vendor Management and loanDepot escrow relationships. Prior to joining loanDepot, Walsh served as Chief Operating Officer of Ameriquest Capital Corporation and previously was President and Chairman at Town and Country Credit.

Duke, Ryan and Walsh have joined a seasoned leadership team that was also strengthened with the addition of Jeff DerGurahian in 2012. DerGurahian oversees the Capital Markets function of loanDepot as Executive Vice President and most recently served as Executive Vice President of Capital Markets at Prospect Mortgage.

About loanDepot.com

Founded in 2010, loanDepot is one of the top three largest online retail residential mortgage lenders in the United States. The company founder and CEO, industry veteran Anthony Hsieh and his executive team are well- known for pioneering the Internet mortgage industry, having built two successful businesses and merging them into publicly-traded companies, E*TRADE Mortgage and LendingTree Loans.  loanDepot is headquartered in Foothill Ranch, Calif., has origination centers in Arizona and Tennessee and is licensed in all 50 states. For more information, visit www.loandepot.com. loanDepot.com, LLC, NMLS # 174457.

CONTACT:  Beth Oates VP of Communications, loanDepot   949-470-6360  boates@loandepot.com

SOURCE loanDepot.com, LLC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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