loanDepot Promotes Grassi to Chief Legal and Risk Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 02 2026
0mins
Source: Newsfilter
- Promotion Announcement: loanDepot has promoted Chief Risk Officer Joseph Grassi to Chief Legal and Risk Officer, overseeing the company's legal strategy, corporate governance, and compliance management, reflecting the company's ongoing commitment to governance and risk management.
- Extensive Experience: Grassi brings over 35 years of experience in consumer lending law and compliance, having served as Chief Risk Officer since 2022, during which he played a critical role in strengthening the company's risk and compliance functions.
- Industry Influence: Under Grassi's leadership, loanDepot has strengthened relationships with government-sponsored enterprises like Fannie Mae and Freddie Mac, while increasing engagement with policymakers and regulators, thereby enhancing the company's industry influence.
- Strategic Objectives: Grassi's promotion aims to simplify organizational structure, strengthen the company's foundation, and support loanDepot's goal of returning to profitable market share growth, demonstrating the company's adaptability in a rapidly changing market environment.
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Analyst Views on LDI
Wall Street analysts forecast LDI stock price to rise
3 Analyst Rating
0 Buy
1 Hold
2 Sell
Moderate Sell
Current: 1.230
Low
1.75
Averages
2.38
High
3.00
Current: 1.230
Low
1.75
Averages
2.38
High
3.00
About LDI
loanDepot, Inc. provides a customer-centric, technology-empowered residential mortgage platform. It is engaged in the origination of conventional and government mortgage loans, servicing conventional and government mortgage loans, and providing ancillary services. It engages in originating, financing, selling, and servicing residential mortgage loans and provides title, escrow, and settlement services for mortgage loan transactions. Its proprietary technology platform, mello, serves as a lead generation tool for these loan officers, particularly focusing on purchase originations. It has a loan product suite, including conventional agency-conforming loans, conventional prime jumbo loans, Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans, and home equity lines of credit. Its ancillary business includes settlement services, real estate services and insurance services. mello Home Services, LLC is its wholly owned captive real estate referral business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
loanDepot Partners with Miami Marlins to Enhance Community Engagement
- Community Engagement: This season, loanDepot has hosted nearly 20 South Florida community organizations, including youth sports teams and educators at loanDepot park, showcasing the company's commitment to community involvement by providing premium hospitality and unique experiences that strengthen ties with local organizations.
- Charitable Donation Program: For every run scored by the Miami Marlins at loanDepot park, loanDepot and the Marlins Foundation donate $50 to the Boys & Girls Clubs of Miami-Dade, a program that has been running for six years and supports the establishment and maintenance of baseball and softball teams in Liberty City, reflecting the company's dedication to youth sports.
- Special Tribute Events: loanDepot hosts
See More
loanDepot Promotes Grassi to Chief Legal and Risk Officer
- Promotion Announcement: loanDepot has promoted Chief Risk Officer Joseph Grassi to Chief Legal and Risk Officer, overseeing the company's legal strategy, corporate governance, and compliance management, reflecting the company's ongoing commitment to governance and risk management.
- Extensive Experience: Grassi brings over 35 years of experience in consumer lending law and compliance, having served as Chief Risk Officer since 2022, during which he played a critical role in strengthening the company's risk and compliance functions.
- Industry Influence: Under Grassi's leadership, loanDepot has strengthened relationships with government-sponsored enterprises like Fannie Mae and Freddie Mac, while increasing engagement with policymakers and regulators, thereby enhancing the company's industry influence.
- Strategic Objectives: Grassi's promotion aims to simplify organizational structure, strengthen the company's foundation, and support loanDepot's goal of returning to profitable market share growth, demonstrating the company's adaptability in a rapidly changing market environment.
See More
Combat-Wounded Veterans Fishing Tournament Announced
- Event Expansion: The 2026 Combat-Wounded Veterans Fishing Tournament is scheduled for September 25-29 off the Southern California coast, expected to attract over 60 yachts donated by the local community, further enhancing support for veterans.
- Fundraising Achievements: Since its inception, WHOW has raised over $8 million for Freedom Alliance, directly serving 675 veterans and assisting many more families through therapeutic services, highlighting its critical role in veteran support.
- Positive Participant Feedback: Last year's event welcomed 125 veterans, including 54 Purple Heart recipients, who reported that the tournament helped them regain confidence in life and fostered deep emotional connections among participants.
- Community Support Strength: The success of WHOW relies on the backing of 362 corporate and individual sponsors whose generous donations and volunteer efforts ensure the smooth running of the event, showcasing the Southern California fishing community's passionate support for veterans.
See More
loanDepot Receives Multiple Recognitions in Lending Services
- Outstanding Loan Service Performance: In 2026, loanDepot was recognized by multiple organizations as a top mortgage lender across various categories, including refinance, FHA, VA, and home equity loans, demonstrating its competitiveness in customer service, pricing, and flexible loan options.
- Increased Customer Satisfaction: Evaluations from institutions like Bankrate and CNBC Select over the past six months highlight loanDepot's exceptional performance in customer satisfaction and on-time closings, further solidifying its leadership position in the U.S. mortgage market.
- Innovation Driving Industry Change: Since its inception in 2010, loanDepot has revolutionized the mortgage process through digital innovations, making transactions smoother for customers and helping more Americans achieve homeownership, showcasing its transformative impact in the industry.
- Community Responsibility: loanDepot is committed to giving back to the community through various local and national philanthropic efforts, reflecting its social responsibility as a national retail lender and dedication to its customers.
See More
loanDepot Enters $100M Sales Agreement with BTIG
- Financing Plan: loanDepot has entered into a sales agreement with BTIG to sell up to $100 million in Class A shares, aiming to optimize liquidity through periodic sales and enhance the company's financial stability.
- Debt Management: Proceeds from this sale will be used to reduce outstanding indebtedness, which is expected to significantly improve the company's financial condition and provide stronger funding support for future business expansion.
- Market Outlook: loanDepot forecasts a lock volume of $5.75 billion to $7.75 billion in Q2 2026, indicating a bullish outlook on market demand, particularly driven by the ramp-up of the 5x5 HomeLoan product.
- Financial Performance: In its Q1 2026 earnings report, loanDepot demonstrated strong potential for financial improvement, further solidifying its competitive position in the residential mortgage market.
See More
loanDepot Q1 2026 Earnings Call Insights
- Financial Performance Overview: loanDepot reported an adjusted net loss of $34 million in Q1 2026, an increase from a $21 million loss in Q4 2025, primarily due to a decline in gain-on-sale margins, despite lower expenses, indicating challenges faced amid market volatility.
- New Product Launch: The introduction of the 5x5 HomeLoan product promises approval in 5 minutes and funding in 5 days, aimed at enhancing customer experience and competitiveness, particularly as demand for HELOC products rises.
- Market Outlook: CFO David Hayes expects second-quarter lock volume to range between $5.75 billion and $7.75 billion, with origination volume between $7.25 billion and $9.25 billion, reflecting the positive impact of the gradual rollout of the 5x5 product on overall performance.
- Cost Control Measures: Although total expenses decreased by $565,000 from the previous quarter, rising salary-related costs due to increased headcount highlight the need for the company to balance cost management with growth during its rebuilding phase.
See More
loanDepot Partners with Miami Marlins to Enhance Community Engagement
- Community Engagement: This season, loanDepot has hosted nearly 20 South Florida community organizations, including youth sports teams and educators at loanDepot park, showcasing the company's commitment to community involvement by providing premium hospitality and unique experiences that strengthen ties with local organizations.
- Charitable Donation Program: For every run scored by the Miami Marlins at loanDepot park, loanDepot and the Marlins Foundation donate $50 to the Boys & Girls Clubs of Miami-Dade, a program that has been running for six years and supports the establishment and maintenance of baseball and softball teams in Liberty City, reflecting the company's dedication to youth sports.
- Special Tribute Events: loanDepot hosts
See More
loanDepot Promotes Grassi to Chief Legal and Risk Officer
- Promotion Announcement: loanDepot has promoted Chief Risk Officer Joseph Grassi to Chief Legal and Risk Officer, overseeing the company's legal strategy, corporate governance, and compliance management, reflecting the company's ongoing commitment to governance and risk management.
- Extensive Experience: Grassi brings over 35 years of experience in consumer lending law and compliance, having served as Chief Risk Officer since 2022, during which he played a critical role in strengthening the company's risk and compliance functions.
- Industry Influence: Under Grassi's leadership, loanDepot has strengthened relationships with government-sponsored enterprises like Fannie Mae and Freddie Mac, while increasing engagement with policymakers and regulators, thereby enhancing the company's industry influence.
- Strategic Objectives: Grassi's promotion aims to simplify organizational structure, strengthen the company's foundation, and support loanDepot's goal of returning to profitable market share growth, demonstrating the company's adaptability in a rapidly changing market environment.
See More
Combat-Wounded Veterans Fishing Tournament Announced
- Event Expansion: The 2026 Combat-Wounded Veterans Fishing Tournament is scheduled for September 25-29 off the Southern California coast, expected to attract over 60 yachts donated by the local community, further enhancing support for veterans.
- Fundraising Achievements: Since its inception, WHOW has raised over $8 million for Freedom Alliance, directly serving 675 veterans and assisting many more families through therapeutic services, highlighting its critical role in veteran support.
- Positive Participant Feedback: Last year's event welcomed 125 veterans, including 54 Purple Heart recipients, who reported that the tournament helped them regain confidence in life and fostered deep emotional connections among participants.
- Community Support Strength: The success of WHOW relies on the backing of 362 corporate and individual sponsors whose generous donations and volunteer efforts ensure the smooth running of the event, showcasing the Southern California fishing community's passionate support for veterans.
See More
loanDepot Receives Multiple Recognitions in Lending Services
- Outstanding Loan Service Performance: In 2026, loanDepot was recognized by multiple organizations as a top mortgage lender across various categories, including refinance, FHA, VA, and home equity loans, demonstrating its competitiveness in customer service, pricing, and flexible loan options.
- Increased Customer Satisfaction: Evaluations from institutions like Bankrate and CNBC Select over the past six months highlight loanDepot's exceptional performance in customer satisfaction and on-time closings, further solidifying its leadership position in the U.S. mortgage market.
- Innovation Driving Industry Change: Since its inception in 2010, loanDepot has revolutionized the mortgage process through digital innovations, making transactions smoother for customers and helping more Americans achieve homeownership, showcasing its transformative impact in the industry.
- Community Responsibility: loanDepot is committed to giving back to the community through various local and national philanthropic efforts, reflecting its social responsibility as a national retail lender and dedication to its customers.
See More
loanDepot Enters $100M Sales Agreement with BTIG
- Financing Plan: loanDepot has entered into a sales agreement with BTIG to sell up to $100 million in Class A shares, aiming to optimize liquidity through periodic sales and enhance the company's financial stability.
- Debt Management: Proceeds from this sale will be used to reduce outstanding indebtedness, which is expected to significantly improve the company's financial condition and provide stronger funding support for future business expansion.
- Market Outlook: loanDepot forecasts a lock volume of $5.75 billion to $7.75 billion in Q2 2026, indicating a bullish outlook on market demand, particularly driven by the ramp-up of the 5x5 HomeLoan product.
- Financial Performance: In its Q1 2026 earnings report, loanDepot demonstrated strong potential for financial improvement, further solidifying its competitive position in the residential mortgage market.
See More
loanDepot Q1 2026 Earnings Call Insights
- Financial Performance Overview: loanDepot reported an adjusted net loss of $34 million in Q1 2026, an increase from a $21 million loss in Q4 2025, primarily due to a decline in gain-on-sale margins, despite lower expenses, indicating challenges faced amid market volatility.
- New Product Launch: The introduction of the 5x5 HomeLoan product promises approval in 5 minutes and funding in 5 days, aimed at enhancing customer experience and competitiveness, particularly as demand for HELOC products rises.
- Market Outlook: CFO David Hayes expects second-quarter lock volume to range between $5.75 billion and $7.75 billion, with origination volume between $7.25 billion and $9.25 billion, reflecting the positive impact of the gradual rollout of the 5x5 product on overall performance.
- Cost Control Measures: Although total expenses decreased by $565,000 from the previous quarter, rising salary-related costs due to increased headcount highlight the need for the company to balance cost management with growth during its rebuilding phase.
See More
