Anthony Hsieh Reclaims CEO Role at loanDepot

Anthony Hsieh reclaims CEO role at loanDepot

Anthony Hsieh is back in the CEO role at loanDepot — the company he founded in 2010 — on a permanent basis. His focus will be on returning the mortgage lender to profitability and regaining market share, the company announced on Monday.  Hsieh stepped down as CEO in April 2022 and was succeeded by industry veteran Frank Martell. But following Martell’s departure on June 4 to join SmartRent Inc., Hsieh had been serving as the interim CEO.  When a…

LoanDepot Names Hsieh as Permanent CEO - Orange County Business Journal

Irvine-based loanDepot Inc., one of the largest mortgage originators in the U.S., made permanent Chairman Anthony Hsieh’s role as chief executive officer. Hsieh, who founded the company in 2010, was CEO until 2022 when he stepped aside as Frank Martell assumed the role for three years and left in June. The company’s sales and stock price have suffered in the past four years as the Federal Reserve increased its benchmark interest rate to combat i…