loanDepot Names Anthony Hsieh Permanent CEO to Drive Innovation and Profitability

loanDepot appoints Anthony Hsieh as permanent CEO, focusing on AI-driven innovation and market share regain. Hsieh's strategic plan aims to return the company to profitability within 90 days, with plans to enhance the leadership team with top-tier talent. His vision emphasizes the paradigm shift in AI adoption and the need for loanDepot to capitalize on this opportunity.

loanDepot, Inc. (NYSE: LDI) has appointed Anthony Hsieh as its permanent Chief Executive Officer, effective immediately. Hsieh, who has served as the company's interim CEO since the departure of Frank Martell on June 4, 2025, brings a wealth of experience and a proven track record of success in the mortgage industry.

Hsieh's strategic focus will be on returning the company to profitability, gaining market share, leapfrogging the industry with new technical capabilities, and developing products and services that delight customers, originators, and partners. He will lead the company's adoption of artificial intelligence, catalyzing a new era of innovation. According to Hsieh, "The broad adoption of AI represents a paradigm shift, and we must be ready to capitalize on that opportunity."

In his first 90 days, Hsieh plans to add several top-tier executives to his leadership team, expanding a best-in-class constellation of mortgage leadership talent. The team will be aligned with Hsieh's innovation agenda and focused on improving company performance in the near term while setting the stage for long-term growth and a return to industry leadership.

Hsieh's appointment comes at a time when the mortgage industry is experiencing significant change, driven by the rapid acceleration of AI and its disruption of established operating models. "The industry has entered a period of significant change, and with his founder's mentality, history of disruption, and commitment to innovation, no one is better suited than Anthony to lead loanDepot through this transformation," said Pam Patenaude, loanDepot Board Member and Chair of the Nominating and Governance Committee.

Hsieh is a respected industry veteran and lifelong entrepreneur who has spent his entire career in the mortgage business. He founded loanDepot in 2010 as a de novo startup and grew the business by an average of 38% year over year for the first decade, making it the second largest retail lender in the nation. During this period, the company differentiated itself with a laser focus on innovation, efficiency, and customer delight. In 2017, Hsieh introduced the company's proprietary point-of-sale software, mello®, which remains the platform of choice for originators today.

Hsieh's vision emphasizes the importance of AI adoption and the need for loanDepot to capitalize on this opportunity. He believes that the company's unique set of assets, including its brand, marketing muscle, diversified channel strategy, servicing portfolio, and exceptional customer experience, will be enhanced by the innovative use of technology.

The appointment of Hsieh as permanent CEO marks a significant milestone for loanDepot, as the company seeks to regain its competitive edge and return to profitability. With Hsieh at the helm, loanDepot is poised to leverage the power of AI to drive innovation and growth in the mortgage industry.

References:

[1] https://www.morningstar.com/news/business-wire/20250728390312/loandepot-founder-and-chairman-of-the-board-anthony-hsieh-named-permanent-ceo
[2] https://www.stockwatch.com/News/Item/U-b20250728390312-U!LDI-20250728/U/LDI