LoanDepot Appoints Founder Anthony Hsieh as Permanent CEO

LoanDepot (LDI) has appointed Anthony Hsieh as its permanent CEO, effective immediately. Hsieh has served as interim CEO since June 4, 2025. The company's board of directors believes Hsieh is the best-suited leader to navigate the industry's significant change due to AI disruption. Hsieh is a founder and chairman of the board and has a history of innovation and disruption.

LoanDepot, Inc. (NYSE: LDI) has announced that Anthony Hsieh has been appointed as the permanent Chief Executive Officer, effective immediately. Hsieh previously served as the interim CEO since the departure of Frank Martell on June 4, 2025. The company's board of directors believes that Hsieh's unique combination of experience and vision makes him the ideal leader to navigate the mortgage industry's significant changes driven by AI disruption.

Hsieh is a seasoned industry veteran and lifelong entrepreneur who has dedicated his career to the mortgage business. He founded loanDepot in 2010 as a de novo startup and grew the company by an average of 38% year over year for the first decade, making it the second largest retail lender in the nation. During his tenure, Hsieh has been recognized for his innovative approach and commitment to customer satisfaction. In 2017, he introduced the Company's proprietary point-of-sale software, mello®, which has since become a best-in-class platform for originators.

Hsieh's appointment comes at a critical juncture for the mortgage industry, as AI technologies are rapidly transforming established operating models. The board of directors, led by Pam Patenaude, expressed confidence in Hsieh's ability to lead loanDepot through this period of transformation. "The rapid acceleration of AI and its disruption of established operating models make this a unique moment in time for the Company," said Patenaude. "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."

Hsieh's strategic focus will be on returning the company to profitability, regaining market share, and leveraging AI to leapfrog the industry with new technical capabilities. He also plans to add top-tier executive talent to his leadership team to support these goals. "We will return to competing at the highest levels," Hsieh said. "There's a unique energy that comes from being a founder, and I believe the passion and drive of that 'founder's mindset' will be an advantage as we recommit to innovation and rekindle the competitive spirit that has always made loanDepot special."

In the next 90 days, Hsieh will focus on expanding the company's leadership team and aligning it with his innovation agenda. He aims to improve the company's performance in the near term while setting the stage for long-term growth and a return to industry leadership.

References:
[1] https://www.marketscreener.com/news/loandepot-founder-and-chairman-of-the-board-anthony-hsieh-named-permanent-ceo-ce7c5fd8d089ff26
[2] https://www.stocktitan.net/news/LDI/loan-depot-founder-and-chairman-of-the-board-anthony-hsieh-named-x1uccnro8qz4.html