Loandepot Legal Department

Smallwood now reports to loanDepot CEO Frank Martell, who expects his new general counsel to support the company`s “Vision 2025” strategic plan, which was unveiled in July and places greater emphasis on first-time and diversified homebuyers and mass layoffs. “We intend to vigorously defend ourselves against these extravagant allegations and will respond appropriately during legal proceedings,” the company said. Smallwood will begin immediately and will report directly to Frank Martell, CEO of loanDepot since April. He will oversee all aspects of loanDepot`s legal strategy and operations, including corporate, shareholder and corporate governance matters. Prior to Caliber, Smallwood was Associate General Counsel and Senior Vice President at Bank of America, General Counsel at Saxon Mortgage, and Managing Director and Associate Counsel at GMAC ResCap. loanDepot operates in a complex and rapidly changing legal and regulatory environment,” Martell said, according to a press release. According to him, Smallwood will help the company “successfully execute our plan and provide our customers with world-class experiences.” “Our Vision 2025 strategic plan was developed with a clear focus on world-class quality, customer service and compliance, all principles we believe are critical to long-term growth and success,” said Frank Martell, CEO of loanDepot. “loanDepot operates in a complex and rapidly changing legal and regulatory environment. The addition of a talented world-class lawyer like Gregg, who brings significant skills and perspectives to our already exceptional legal team, will help us successfully execute our plan and deliver world-class experiences to our clients. » License our cutting-edge legal content to strengthen your thought leadership and brand. But in its rush to expand ahead of an IPO earlier this year, loanDepot has illegally cut corners, processing thousands of loans without required documents such as proof of employment and income, according to a complaint filed Wednesday by one of its former senior executives.

Mortgage Initiator has hired Gregory Smallwood as Chief Legal Officer Smallwood has extensive legal experience in the financial services and mortgage industries, including helping companies develop and implement legal initiatives, managing and mitigating risk, executing strategic plans and achieving revenue targets. Prior to loanDepot, Mr. Smallwood was General Counsel and Executive Vice President of Caliber Home Loans. Prior to that, Smallwood held senior positions at Bank of America, Morgan Stanley, Saxon Mortgage, GMAC ResCap and Chase Manhattan Mortgage Corporation. He began his career as a lawyer at L`Oréal Cosmetics Corporation. He holds a Juris Doctor from Seton Hall University School of Law and a Bachelor of Arts from the University of Maryland. “This is a great opportunity to join loanDepot as the company moves forward with its Vision 2025 plan and goes through such a significant period of change in the mortgage finance industry,” said Smallwood. “I look forward to supporting Frank and working with loanDepot`s legal and broader teams to make homeownership affordable, inclusive, and sustainable for more American families. Former Bank of America attorney Gregory Smallwood officially took up his new role as general counsel at loanDepot Inc., one of the nation`s largest non-bank mortgage lenders, on Thursday.

Smallwood has more than two decades of experience representing leading financial services institutions in all aspects of federal and state compliance, corporate transactions, regulatory enforcement, and class actions. As Chief Legal Officer, Mr. Smallwood will oversee all aspects of the firm`s legal strategy and support loanDepot`s goal of providing exceptional service to its clients, employees and investors. Combined with the recently announced appointment of Joseph Grassi as Chief Risk Officer, Smallwood`s appointment enhances the firm`s strong legal, compliance and risk management infrastructure. loanDepot continues to make changes to its senior management as it manages a significant downsizing in a shrinking mortgage market. The California mortgage lender announced Wednesday that it has hired Gregory Smallwood, former general counsel and executive vice president of Caliber Home Loans, as general counsel and corporate secretary. The announcement comes two days after the appointment of Joseph Grassi as Chief Risk Officer. Grassi is an industry veteran who spent two decades at Fannie Mae. FOOTHILL RANCH, Calif., Sept. 14, 2022 /PRNewswire/ — loanDepot, Inc.

(NYSE: LDI) (“loanDepot” or the “Company”), a leading provider of consumer credit and real estate services, today announced that Gregory Smallwood has joined the Company as General Counsel and Corporate Secretary, effective immediately. He reports directly to loanDepot CEO Frank Martell. Experienced leader with extensive experience in financial services to lead legal functions Supporting the communities in which we live and serve is one of our core values. Most recently, loanDepot donated $3 million to support individuals, families and children directly affected by the COVID-19 pandemic, as well as first responders, medical staff and support staff. Throughout our 11 years of existence, we have donated millions of dollars and volunteer hours to charities across the country – and we will continue to do so because we are deeply committed to the individuals and families we serve and the communities in which we live and work. Media Contact: Jonathan Fine Vice President, Public Relations (781) 248-3963 As the Director of Operations for loanDepot with over 4,000 employees, Ms. Richards led the loan closing process. It stated that it had refused to take out loans until all the necessary checks had been carried out, but Mr Hsieh considered this to be unacceptably slow.

In early November, Richards said in her lawsuit that he relieved her of decision-making responsibility and that the company pressured her to accept the newly created, lower-paid position of chief mortgage officer — effectively a demotion.