loanDepot LLC Attracts Technology Giants With Executive And Team Hires Aligned To Expansion Strategy

America's Lender Accelerates Delivery of Next Generation Marketplace Lending with Appointment of Technology Executive Michael H. Wilson and Acquisition of Seasoned Team of 10 Software Engineers led by Tony Jenkins

Oct 1, 2015

IRVINE, Calif., Oct. 1, 2015 /PRNewswire/ -- loanDepot LLC, America's lender, today announced the appointment of Michael H. Wilson as SVP, Information Technology. In addition, a team of 10 marketplace lending software engineers have also joined loanDepot's industry-leading Technology group led by Tony Jenkins.

Anthony Hsieh Chairman and Chief Executive Officer, loanDepot LLC

The addition of these leaders to the loanDepot Technology group reflects the company's commitment to accelerate the development of market-leading software on its platform that will usher in America's next generation of marketplace lending.

"We're very excited to welcome Mike and Tony along with the software team to our Technology group," said Anthony Hsieh, chairman and chief executive office at loanDepot LLC. "With advancements in consumer, permission-based data availability and web application technology, more customized experiences and relevant products will be available for consumers. loanDepot is committed to attracting the country's best talent so we can accelerate the deployment of next gen consumer lending products, a strategy we're confident will benefit our industry and most importantly, our borrowers."

Michael H. Wilson joins loanDepot after serving as CIO / Director of IT Strategy at Ball Aerospace where he led classified and unclassified IT strategy, including the design, implementation and support of an enterprise computing environment using virtualized servers, mobile components, cloud hosting, VoIP, and strict security best practices. Earlier in his career, Wilson served as CIO for several market-leading brands including Option One Mortgage, Viet Long Technologies and First NLC Financial Services. Wilson holds a M.S. in Electrical Engineering from Loyola Marymount University and a B.S, in applied mathematics and engineering systems from UCLA.

Given recent strides in lending technology and the opportunity of using big data to streamline and revolutionize the loan application process, loanDepot has also recruited a team of 10 software engineers led by industry veteran Tony Jenkins, who joins loanDepot as SVP Software Engineering. This newest team addition to loanDepot's strong technology bench includes engineering skillsets around full stack development, ranging from user experience and interface to data base architecture and business logic.  Prior to joining loanDepot, the team worked at a startup marketplace lending company building a loan original solution from scratch. Before that, the team developed a radio-frequency identification (RFID) system while working together at TYCO, now in use at major retail brands across the county. At loanDepot, this team's initial focus will be to deliver a market-changing online loan application experience.

"The arrival of Mike, Tony and the software team strengthens our technology group, and provides immediate access to the caliber of talent we need to deliver a more compelling and thorough user experience at a more rapid pace," said Dominick Marchetti, chief technology officer at loanDepot LLC. "Some of our competitors today have internal talent who are very successful in their niche. But few will be able to match the experience and breath of talent that loanDepot is building for the future."

The loanDepot mission is to be America's lender of choice. The company is committed to serving the needs of responsible borrowers across the country through technology, predictive data science, exceptional service, and cost-efficient consumer-acquisition delivery systems. 

This talent acquisition comes just weeks after loanDepot's announcement to deliver home equity loan programs alongside personal, purchase and refinance loans all on one tech-enable lending platform that matches borrowers with investors at loanDepot.com.

ABOUT LOANDEPOT  LLC
Launched in 2010, loanDepot LLC is an emerging-growth nonbank consumer lender and market leader offering mortgage and nonmortgage lending products in all 50 states. Founded in 2010 by industry architect and innovator Anthony Hsieh, loanDepot LLC. operates under the brand names loanDepot.com, imortgage, Mortgage Master, and LDWholesale. The company maintains headquarters in Foothill Ranch, CA, operates 139+ local loan stores offering lending products to consumers nationwide, and generates loan production from five technology-enabled business centers. More than 4,500 people are employed by loanDepot, including 1500+ licensed loan officers. As America's lender, loanDepot is disrupting consumer finance and redefining the market with less division between mortgage and nonmortgage credit amid changes in consumer behavior and technology, access to credit, economic cycles and market consolidation. loanDepot, LLC is an approved seller and servicer for Fannie Mae, Freddie Mac and Ginnie Mae. loanDepot, LLC NMLS # 174457 Learn more at loanDepot.com.

Contact:
Julie Reynolds | loanDepot
949.595.7110 | JReynolds@loanDepot.com
Jennifer DuBois | loanDepot
949.470.6355 | JDuBois@loanDepot.com

Dominick Marchetti, Chief Technology Officer, loanDepot LLC

 

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SOURCE loanDepot LLC