Exec moves up the ranks to oversee in-market retail presence across three key states
National retail lender loanDepot has elevated longtime sales leader Phil Iossa (pictured) to regional vice president of in-market retail for the Tri-State area, overseeing New York, Connecticut, and New Jersey.
Iossa has been with the company since 2015, steadily rising through its leadership ranks. He began as a branch manager, growing his team from one loan originator to nearly 30. Within five years, his branch became one of loanDepot’s top five performers.
Iossa was later promoted to area sales manager, then regional vice president, and now takes on the Tri-State leadership role. Before joining loanDepot, Iossa spent 15 years as a mortgage banker at Wells Fargo.
“Phil has consistently demonstrated his ability to grow profitable market share,” LDI Mortgage president Jeff Walsh said in a Press release. “Beyond that, he’s an exceptional person and teammate. We are excited to see how his leadership will continue to drive our success in his new role.”
His promotion is part of loanDepot’s 2025 growth strategy, which focuses on expanding its in-market sales leadership.
“As we lean into our growth plan for 2025 and beyond, loanDepot is building the strongest bench of in-market sales leadership talent in the industry,” added John Bianchi, executive vice president for loanDepot. “Phil has a contagious positive energy that draws people to him, and his ability to attract - and even more important, to retain - top originators is a testament to the high-energy, winning culture he creates. We are tremendously proud to see Phil take his unique and compelling brand of leadership to the next level.”
Read next: loanDepot returns to profitability in Q3 as origination volumes improve
Iossa’s promotion follows another key leadership appointment at loanDepot. The company recently hired former MLB pitcher Bart Evans as regional vice president for Alabama, Arkansas, and Tennessee.
Evans, who has two decades of mortgage industry experience, previously held leadership roles at Movement Mortgage and Summit Funding. His appointment comes at a time when population growth in these states is driving increased home construction sales.
"Individuals and families in these markets deserve proper community-focused lending, and Evans' leadership is well-suited to deliver the localized support they need," said Walsh.
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