Rick Calle Returns to loanDepot to Lead Strategy and Revenue Operations

• Former executive was instrumental to scaling the Company during its first decade of growth
• Calle will drive the evolution of the Company’s Consumer Direct Lending platform, leveraging AI and modern technologies to enhance the customer experience and create operating efficiencies
• Appointment reflects CEO Anthony Hsieh’s commitment to Consumer Direct Lending as a core growth engine and competitive advantage

IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, “loanDepot” or the “Company”), today announced that former long-time executive Rick Calle has returned as Chief Strategy Officer, overseeing strategy, mergers and acquisitions, and revenue operations.

As head of revenue operations, Calle will be responsible for integrating the teams, tools and systems that drive the Consumer Direct Lending business including sales operations, strategy and analytics. Partnering with teams across Technology, Customer Contact, Marketing and Sales, he will lead the adoption of AI and other contemporary technologies on the horizon.

Said Founder and CEO Anthony Hsieh, “Consumer Direct Lending is a key strategic advantage for loanDepot—one of the few tech-powered, at-scale models of its kind with both best-in-class lead generation capabilities and top-tier customer recapture rates from our large servicing portfolio. Rick’s deep understanding of our business, along with his sharp analytical skills and strategic mindset will help us get back to competing at the highest levels.”

From 2013 to 2022, Calle held various roles at loanDepot, serving as a trusted strategic advisor to Hsieh and the entire executive team. During that time his responsibilities included corporate strategy, mergers and acquisitions, and enterprise business development. In addition, he led the strategy and sales finance teams through a data strategy transformation, focused on enabling data-driven decision making through automation. He was heavily involved in the company’s IPO, as well as the game-changing acquisitions of imortgage and Mortgage Master that cemented loanDepot’s diversified origination strategy. He helped launch a consumer lending program and led the Company’s expansion into settlement services through multiple acquisitions. Prior to joining loanDepot, he served as an investment professional at Parthenon Capital Partners and worked in the mergers and acquisitions group at Barclays and Lehman Brothers.

Said Calle, “The opportunity ahead for loanDepot’s Consumer Direct Lending business is tremendous. The infrastructure, brand and data assets are primed for the coming wave of innovation. To be able to work with such a talented team and execute at the direction of one of the pioneers of Direct Lending, Anthony Hsieh, is very exciting and I am grateful for the opportunity.”

About loanDepot:

Since its launch in 2010, loanDepot (NYSE: LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts.

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