loanDepot has announced an expansion of its executive leadership team with the creation of two new positions.
loanDepot has appointed Eric Gutierrez as its executive vice president of marketing and Pat Flanagan as executive vice president of Next Generation Lending. Both Guitierrez and Flanagan will report to CEO Anthony Hsieh.
“I’m pleased to welcome Eric and Pat to loanDepot’s leadership team as we set the pace for modern lending,” said Hsieh. “They’ll help loanDepot continue to redefine the mortgage lending category – going from what used to be a manual, paper-based, once every seven years transaction, to a next-generation digital relationship that covers all aspects of consumer lending and homeownership.”
The company said in a press release that the expansion of the leadership team will help the company leverage its proprietary, digital-lending platform, mello, to support its continued growth into new categories of products and services.
Gutierrez (pictured below, bottom) has nearly 20 years of experience marketing top national digital and home finance brands to loanDepot; his previous work includes LendingTree and AOL. As loanDepot’s first executive vice president of marketing, Gutierrez will partner closely with the nonbank lender’s product, business development, technology and capital markets leadership teams to drive cross-platform innovation.
Flanagan (pictured below, top) is loanDepot’s first executive vice president of Next Generation Lending. He will lead the development of a broad suite of proprietary lending products within both RESPA and non-RESPA consumer lending.
Flanagan brings more than 25 years of leadership experience to loanDepot, including expertise across securitization, capital markets, origination, acquisition, and management of more than $200 billion of residential mortgage and residential real estate-related assets.
Before joining loanDepot, Flanagan held leadership roles at Carrington Mortgage Services, Waterfall Asset Management and Cove Financial Group.