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LDI-News
LDI-Events
loanDepot Launches Novaprime's Foundation Agentic OS
Novaprime announced that loanDepot is rolling out Novaprime's Foundation Agentic OS across Post-Closing following a successful pilot that began earlier this year. Novaprime's platform is expected to increase the speed of loan delivery and the quality of every closed loan while reducing the cost per loan.
LoanDepot Receives Deficiency Letter from NYSE
LoanDepot announced that it received a deficiency letter from the NYSE notifying LoanDepot that it is not in compliance with applicable price criteria in the NYSE's continued listing standards.
LoanDepot Opens New Corporate Center in Miami
LoanDepot announced plans to open a new corporate center in Miami, expanding its national footprint and establishing an East Coast hub. The Miami center will house technology, marketing, recruiting, and other corporate support functions, along with mortgage fulfillment roles from the company's direct lending, retail, and partnership lending channels. Scheduled to open in September, the center will initially accommodate 120 employees, with additional capacity to support future growth. The Miami location expands LoanDepot's network of corporate centers, which include Irvine, California; Southfield, Michigan; Plano, Texas; Scottsdale, Arizona and Chandler, Arizona.
Randian Capital Calls for LoanDepot to Consider Strategic Alternatives
Randian Capital, a retail activist investment firm, and a shareholder of LoanDepot, announced that it has published an open letter to the board, calling for them to consider evaluating strategic alternatives for the company. "We are today calling for loanDepot's Board to consider pursuing strategic alternatives for the company to maximize shareholder value. Including common stock and options, Randian and its affiliates currently have economic exposure to over 250,000 shares of loanDepot," the firm announced in a press release. LoanDepot shares are up 4c to $1.16 in early trading.
loanDepot Appoints Joseph Grassi as Chief Legal and Risk Officer
loanDepot announced that Chief Risk Officer Joseph Grassi has been promoted to Chief Legal and Risk Officer. As Chief Legal and Risk Officer, Grassi leads loanDepot's legal strategy, corporate governance and legal affairs, as well as the Company's regulatory compliance, loan quality and enterprise risk management functions. He reports directly to loanDepot Founder and CEO Anthony Hsieh.
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