CreditDepot Appoints Dan Hanson to Newly Created Executive Position | ET REALITY

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Based in California loanDeposit has named Dan Hanson to the newly created position of executive director of enterprise partnerships and acquisitions as the company looks to invest in profitable initiatives that drive growth, it announced Thursday.

The mortgage lender has had several leadership changes so far this year. In July, CreditDepot named Darren Graeler executive vice president and chief accounting officer. In May, the lender promoted Alex Hansonsenior vice president of production for the company’s Western division, to marketing director.

Industry veteran Dan Hanson joined CreditDepot in 2011 and, in January 2017, became the company’s director of retail production, a position he held for six years. Prior to lendDepot, he was CEO at In all the country and senior vice president of Bank of America.  

According to the company, Hanson will be responsible for “developing new revenue-generating opportunities, including acquisitions and national referral relationships.” Does not include the company’s joint venture channel.

Hanson will oversee, for example, the “Lender Express offering,” which offers mortgage products to credit unions and other financial institutions.

The appointment supports LoanDepot’s Vision 2025 plan, launched last year “to address the impacts of the current market slowdown and continue investing in our platform,” Jeff Walsh, the company’s president, said in a statement.

“This includes driving growth through acquisitions, referral relationships and other strategic partnerships,” Walsh said.

CreditDepot posted its fifth consecutive quarterly loss in the second quarter of 2023, but the company’s finances are improving. The lender posted a loss of $34.3 million in non-GAAP adjusted net income from April to June, compared with a loss of $60.2 million in the prior quarter.

In April, CreditDepot announced a resolution to infighting between founder and president Anthony Hsieh and the board of directors.

A few months later, the company said four top executives would be leaving, including Chief Financial Officer Patrick Flanagan, Chief Accounting Officer Nicole Carrillo, Chief Human Resources Officer Kevin Tackaberry and LDI Digital President Zeenat Sidi. The leadership changes came with the decision to consolidate LDI Digital, including mellohome, into its existing production channels.

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