loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced it has promoted two of its key executive leaders into new roles expected to help the company drive top line growth, return to profitability and regain market share. Tom Fiddler will oversee all Retail loan production in a newly established position as President of Retail Lending. His responsibilities will include those of Executive Vice President of Retail Production John Bianchi, who is departing the Company. Dan Peña, who is currently Executive Vice President of National Joint Ventures, will serve as President of Partnership Lending.

About Tom Fiddler

Tom Fiddler is a veteran mortgage industry leader with nearly four decades of experience across both originations and operations. He began his career as a retail loan originator, quickly rising to area sales manager before founding his own company in 1995. Following pivotal leadership roles at American Home Mortgage, Countrywide and Prospect Mortgage, Fiddler joined loanDepot in 2015. In recent years he has served as the Senior Vice President of Production for the East Division, where he drives production excellence across the Retail channel.

Said CEO Anthony Hsieh, “Tom is the type of leader who inspires tremendous loyalty from his team, and for whom top-performing originators love to work. He leads with authenticity, removes barriers for his team, and empowers people to succeed, all of which creates a culture where high performers thrive. Beyond that, he has a keen intellect and understands both Retail sales and operations at the deepest levels. He’ll be an exceptional leader for our Retail team.”

Said Fiddler, “I’ve always believed in loanDepot’s unique value proposition and am excited about the opportunity to lead the Retail business through this next chapter of its history. As Anthony has said, we will return to competing at the highest level. Great things happen when you surround yourself with talented, passionate people, and that’s exactly what we have here. I’m energized by what we can accomplish together.”

About Dan Peña

An industry veteran with three decades of experience, Peña began his career as a top-producing builder originator before moving into various sales and operations leadership positions. He has served as the head of loanDepot’s joint venture channel since 2015. In that time, he both strengthened the company’s existing partnerships and grew the number of new joint ventures, all while driving top-tier customer satisfaction and positioning the company as the partner of choice for many of the nation’s top home builders. In his new role, Peña will be focused on growing the channel and expanding the services loanDepot offers to its partners.

Said Hsieh, “One of the secrets to Dan’s success is his laser focus on serving the needs of his partners; he’s a strategist, a relationship builder, and a creative problem solver of the highest order. He’s done an incredible job with our joint venture channel, leading it successfully through every market cycle and developing a deep understanding of the builder segment along the way. I have every confidence he’ll continue to grow the business, find new ways to bring value to our partners, and open doors to new partnership opportunities.”

Said Peña, “Helping our partners succeed, whatever that looks like for them, is what drives me every day. I’m excited by the opportunity to evolve our business and build on the strong foundation we’ve established over more than two decades. We’re well positioned to innovate in powerful new ways that unlock even greater value for our partners.”

Forward Looking Statements

This press release may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, our executive leader capabilities and value, our competing at the highest levels, business strategies and outcomes, partnership opportunities, and innovation efforts. These forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words “outlook,” “potential,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “predict,” “estimate,” “project,” “will be,” “will continue,” “will likely result,” or other similar words and phrases or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” or “could” and the negatives of those terms. These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict, including but not limited to, the following: our ability to achieve the expected benefits of our strategic plans and priorities and the success of other business initiatives; our ability to achieve profitability; our loan production volume; our ability to maintain an operating platform and management system sufficient to conduct our business; our ability to maintain warehouse lines of credit and other sources of capital and liquidity; our ability to effectively utilize artificial intelligence; impacts of cybersecurity incidents, cyberattacks, information or security breaches and technology disruptions or failures, of ours or of our third party vendors; the outcome of legal proceedings to which we are a party; our ability to reach a definitive settlement agreement related to the Cybersecurity Incident; adverse changes in macroeconomic and U.S. residential real estate and mortgage market conditions, including changes in interest rates and changes in global trade policy and tariffs; changing federal, state and local laws, as well as changing regulatory enforcement policies and priorities; and other risks detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024, and Quarterly Reports on Form 10-Q as well as any subsequent filings with the Securities and Exchange Commission. Therefore, current plans, anticipated actions, and financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law.

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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