The move is part of its expansion into digital lending
Mortgage lender loanDepot has recently added two new executive vice presidents. Industry veterans Eric Gutierez and Pat Flanagan will take on newly-created roles and will report to the company’s CEO Anthony Hsieh.
The move is part of the firm’s expansion into digital lending. Gutierez takes on the role as executive vice president for marketing. He has 20 years of marketing top national digital and home finance brands, and will work closely with loanDepot’s product, business development, technology and capital markets leadership teams.
Flanagan will serve as the new executive vice president for next generation lending, bringing in 25 years of experience in securitization, capital markets, origination, acquisition and management of over $200 bn residential mortgage and residential real estate related assets. He will lead in making a suite of proprietary lending products within RESPA and non-RESPA consumer lending.
"I'm pleased to welcome Eric and Pat to loanDepot's leadership team as we set the pace for modern lending," said Hsieh. "They'll help loanDepot continue to redefine the mortgage lending category – going from what used to be a manual, paper-based, once every 7-years transaction to a next generation digital relationship that covers all aspects of consumer lending and homeownership."
The two new appointments are part of the company’s launch of “mello,” a mobile-based, digital lending platform for the company’s non-mortgage credit products.
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The move is part of the firm’s expansion into digital lending. Gutierez takes on the role as executive vice president for marketing. He has 20 years of marketing top national digital and home finance brands, and will work closely with loanDepot’s product, business development, technology and capital markets leadership teams.
Flanagan will serve as the new executive vice president for next generation lending, bringing in 25 years of experience in securitization, capital markets, origination, acquisition and management of over $200 bn residential mortgage and residential real estate related assets. He will lead in making a suite of proprietary lending products within RESPA and non-RESPA consumer lending.
"I'm pleased to welcome Eric and Pat to loanDepot's leadership team as we set the pace for modern lending," said Hsieh. "They'll help loanDepot continue to redefine the mortgage lending category – going from what used to be a manual, paper-based, once every 7-years transaction to a next generation digital relationship that covers all aspects of consumer lending and homeownership."
The two new appointments are part of the company’s launch of “mello,” a mobile-based, digital lending platform for the company’s non-mortgage credit products.
Related stories:
loanDepot now 5th largest VA lender
Leveraging technology for evolving consumer demands
