“Chad’s vast knowledge and experience in direct consumer lending, combined with his energy and passion, will be a tremendous asset to LoanDepot as we continue to grow our volume to exceed a refinancing market share of five percent over the next decade, ”said David norris, president and chief operating officer at LoanDepot, LLC. “I have the utmost confidence that he will be an exceptional leader for our direct lending business. We are very pleased to welcome Chad to LoanDepot as we prepare for our next phase of growth.”
Throughout his career, Smith has been instrumental in building production teams and growing revenues for publicly traded national direct-to-consumer lending companies. Most recently, he served as Senior Vice President of Production at Discover Home Loans, a division of Discover Financial Services. In this role, Smith oversaw all mortgage production and is credited with growing the company’s mortgage business through organic transactions and mergers and acquisitions, while also building two loan sales production teams. personal. Previously, Smith was senior vice president of production at LendingTree Loans, where he led sales and fulfillment teams in six states, generating more than $ 4 billion in annual funding. At LendingTree Loans, he was also vice president and director of home equity.
“I am delighted to join LoanDepot. The growth and business performance of the company has been incredible in just five years. I look forward to continuing to grow the production team and building on the success of the business, ”said Smith. “I am delighted to be working with the LoanDepot leadership team and the organization to support its growth and profitability goals by further increasing the level of performance of production sales teams nationwide. “
Smith is a Certified Mortgage Professional registered with the Mortgage Bankers Association and is SAFE Certified through the National Mortgage Registry. He lives in Orange County with his family, graduated from University of Northern Arizona and holds a Six Sigma, Champion Training-Interactive Corp of Lending Tree.
ABOUT LOANDEPOT LLC
Launched in 2010, LoanDepot LLC is the second largest non-bank consumer lender and the second largest retail mortgage lender in the country with retail, consumer direct, wholesale, affinity and service operations. LoanDepot LLC operates under the brand names of loanDepot.com, imortgage, Mortgage Master and LDWholesale. The company has a dual head office at Foothill Ranch, California and Plano, Texas, is licensed in all 50 states, generates loans from four technology business centers, and employs 3,700 people, including 1,300 licensed mortgage bankers. The company operates more than 130 imortgage branches across the country under the imortgage and Mortgage Master brands. LoanDepot is an authorized dealer and repairer for Fannie Mae, Freddie Mac and Ginnie mae. loanDepot.com, LLC, NMLS # 174457 Learn more about loanDepot.com.
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