CEO Frank Martell recruits former CoreLogic colleague David Hayes and streamlines management ranks as losses pile up and mortgage originations hit another new low
Lender hopes to cut up to $400M in annual expenses and become profitable by the end of the year, after rising mortgage rates gut profitable refinancing business
Zeenat Sidi, a veteran of SoFi and RBC, will serve as president and CEO of the new unit, which will oversee loanDepot's customer contact center, the company announced Thursday