Mortgage Industry Veteran Scott Anderson Joins loanDepot

FOOTHILL RANCH, CA--(Marketwire - Nov 10, 2011) - loanDepot.com LLC, one of the nation's largest independent mortgage lenders, today announced that mortgage industry veteran Scott Anderson has joined the company as Executive Vice President, Head of Corporate Strategy. In this role, Anderson will oversee loanDepot's strategic expansion and ongoing commitment to loan quality, superior customer care, uncompromised ethical standards, and customer education.

Anderson joins loanDepot from PennyMac Home Loan Services, where he served as the Chief Mortgage Operations Officer. Anderson helped build and lead all aspects of mortgage lending operations. Over the course of his more than 23 year long career, Anderson has built mortgage lending operations in the United States and Canada, including diverse roles across Operations, Sales, Marketing, Capital Markets, Escrow, and Insurance.

loanDepot CEO Anthony Hsieh commented, "Scott's deep experience with building world-class, large scale mortgage companies will be a key driver in loanDepot's mission to become a top market share leader in the mortgage space. His hands-on knowledge of every aspect of the mortgage process, from sales through loan servicing, will be invaluable to loanDepot."

As Chief Operating Officer of Lehman Brothers' mortgage lending operations, Anderson managed centralized operations, as well as decentralized branch networks. Anderson also held a variety of executive management roles at Countrywide Home Loans including Executive Vice president of Wholesale Lending where he managed a nationwide branch network and oversaw both sales and operations.

"I have long respected loanDepot's responsible, 'full disclosure' approach to mortgage lending," explained Anderson. "In these volatile times, it's more important than ever for borrowers' needs to be paramount for lenders, for us to earn the trust of each and every one of our customers. loanDepot's commitment to understanding and meeting the borrowers' requirements makes loanDepot an ideal fit for me, and I'm excited to join such a dynamic team."

Anderson holds a BS in Economics and Corporate Finance from Fordham University in New York.

For more information, visit www.loandepot.com.

About loanDepot.com
loanDepot, based in Foothill Ranch, CA, is one of the largest independent mortgage lenders in the United States. The company founder, industry veteran Anthony Hsieh, with a world-class executive team, is well known for pioneering the Internet mortgage industry, building two highly successful companies and merging them into publicly-traded companies, E*TRADE Mortgage and LendingTree Loans, both of which are still in operation today. loanDepot is committed to delivering a better, faster, more efficient process for consumers while continuing to provide industry-leading rates and the best service in the industry. loanDepot currently has origination centers in Arizona, Tennessee, San Diego California and Rancho Cucamonga and is currently licensed in 48 states with over 1,200 individual loan officer licenses. For more information on loanDepot, visit www.loandepot.com.