loanDepot is making more leadership changes following the return of founder and majority stakeholder Anthony Hsieh as CEO. Tom Fiddler has been promoted to president of retail lending while Dan Peña will serve as president of partnership. 

John Bianchi, the executive vice president of retail production since 2019, will depart the company. These moves come on the heels of bringing back two technology leaders — Dominick Marchetti and Sean DeJulia — who helped develop the mello platform.

The California-based mortgage lender aims to return to profitability and regain market share. On Thursday, it reported a net loss of details ⇒

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