loanDepot Appoints EVP, Marketing; EVP, Next Generation Lending
America's Lender Accelerating Category Expansion and Market Share Gains; Leverages its Digital Lending Platform, mello™
Jun 22, 2017
IRVINE, Calif, June 22, 2017 /PRNewswire/ -- loanDepot, America's lender, today announced the appointments of Eric Gutierrez as executive vice president, Marketing, and Pat Flanagan as executive vice president, Next Generation Lending. Both Gutierrez and Flanagan will step into newly-created roles as members of loanDepot's executive team, reporting to CEO Anthony Hsieh.
The leadership team expansion will help the company leverage its proprietary, digital-lending platform, mello™ to support its continued growth into new categories of products and services. This maps to the company as its moves from a transaction model to a customer relationship model dedicated to creating a full product of suite for borrowers.
"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."
Gutierrez brings nearly 20 years of marketing top national digital and home finance brands to loanDepot, including LendingTree and AOL. As loanDepot's first EVP, Marketing, Gutierrez will partner closely with the company's product, business development, technology and capital markets leadership teams to drive cross-platform innovation for a stronger, seamless consumer experience.
As loanDepot's first EVP, Next Generation Lending, Flanagan will lead the development of a broad suite of proprietary lending products within RESPA and non-RESPA consumer lending. Flanagan brings more than 25 years of leadership experience to loanDepot, including expertise across securitization, capital markets, origination, acquisition, and management of over $200 billion of residential mortgage and residential real estate related assets. He has held leadership roles at Carrington Mortgage Services, Waterfall Asset Management and Cove Financial Group.
The appointments of Gutierrez and Flanagan come on the heels of the launch of the company's national multi-million dollar broadcast brand campaign and the unveiling of mello™, loanDepot's mobile-based, digital lending platform designed to scale with the expansion of the company's non-mortgage credit products, its network of credit-related service providers, and joint venture partners. Through the launch of mello™, loanDepot signaled the acceleration of its intent to leverage technology as a core business strategy, fast-track new product development, and grow ancillary markets. The company also recently announced plans to open a new 65,000 square foot mello™ technology campus in Irvine, where the 400+ LD Tech team will continue their work of transforming the future of modern lending.
Ranked as the nation's fifth largest retail mortgage lender and second largest nonbank lender, loanDepot has funded more than $110 billion in home, personal and home equity loans since 2010.
loanDepot, America's lender, matches borrowers through technology and high-touch customer care with the credit they need to fuel their lives and achieve their dreams. As a fast-growing national consumer lender, the loanDepot platform is disrupting finance by dissolving the lines between mortgage and nonmortgage credit. The company has funded over $110 billion in loans since inception and is passionate about emerging financial technology and dynamic product delivery supported by excellent customer service to empower consumers. Headquartered in Southern California, loanDepot employs 6,000+ lending professionals across the country including 1,700+ licensed loan officers who hold 12,000+ licenses. The company operates 180+ local lending stores nationwide. NMLS # 174457.