loanDepot Promotes David Smith to New Role as Vice President of National VA Lending
07 November 2023 - 7:11AM
Business Wire
Appointment supports company’s Vision 2025
plan, which increases emphasis on purpose-driven lending to better
serve diverse and first-time homebuyers
loanDepot, Inc. ("LDI" or the "Company") (NYSE: LDI), one of the
country’s leading non-bank mortgage lenders and a top provider of
VA home loans, has promoted VA lending expert David Smith to the
newly-created role of Vice President of National VA Lending.
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loanDepot, Inc., one of the country’s
leading non-bank mortgage lenders and a top provider of VA home
loans, has promoted VA lending expert David Smith (pictured) to the
newly-created role of Vice President of National VA Lending.
(Photo: Business Wire)
Smith, himself a former sergeant in the U.S. Army, will drive
the company’s national VA lending strategy. He’ll lead loanDepot’s
VA Council, a dedicated group of loanDepot originators who are
often veterans themselves and who specialize in serving fellow
veteran and active-duty military personnel from a position of
personal knowledge and trust.
He’ll also continue to advance loanDepot’s extensive outreach to
both the military community and industry professionals (both
originators and Realtors) to help them better understand and
utilize VA mortgage products. Over the last several years, Smith
has trained more than 28,000 real estate agents and consumers on
the nuances and benefits of the VA’s powerful home loan
program.
“As a purpose-driven lender, loanDepot is incredibly proud to
make the dream of homeownership a reality for thousands of military
families each year,” said LDI Mortgage President Jeff Walsh. “We’ve
developed a core strength in serving this particular community and
now, with David’s expertise and leadership, we are poised to expand
our positive impact.”
Smith joined loanDepot in 2022. His career spans more than 20
years of mortgage, real estate, sales and training roles with
companies such as Prudential Real Estate, USAA, Wells Fargo and
Mutual of Omaha.
“Serving my fellow veterans by helping them purchase their homes
and build generational wealth is incredibly meaningful and personal
for me,” said Smith. “Unfortunately, too many veterans, as well as
too many real estate professionals, don’t have the understanding
they need to successfully utilize VA loans. Our mission is to
inform and empower so that more of our country’s servicemembers—who
have sacrificed so much on behalf of our country—can take advantage
of the powerful benefits of the VA mortgage program.”
About loanDepot
loanDepot (NYSE: LDI; NMLS # 174457) is an equal housing lender
and digital commerce company committed to serving its customers
throughout the homeownership journey. Since its launch in 2010,
loanDepot has revolutionized the mortgage industry with a
digital-first approach that makes it easier, faster and less
stressful to purchase or refinance a home. Today, as one of the
nation's largest non-bank retail mortgage lenders, loanDepot
enables customers to 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. With headquarters
in Southern California and offices nationwide, loanDepot is
committed to serving the communities in which its team lives and
works through a variety of local, regional and national
philanthropic efforts.
LDI-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20231106452593/en/
Investor Relations Contact: Gerhard Erdelji Senior Vice
President, Investor Relations (949) 822-4074 gerdelji@loandepot.com
Media Contact: Rebecca Anderson Senior Vice President,
Communications & Public Relations (949) 822-4024
rebeccaanderson@loandepot.com
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