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loanDepot names Joseph Grassi as chief risk officer

California-based mortgage lender loanDepot has named Joseph Grassi, an industry veteran who spent two decades at Fannie Mae, as its chief risk officer, the company announced Monday.

The executive will enhance the mortgage lender’s risk management program, aligning loanDepot’s initiatives with those of Fannie Mae, Freddie Mac and the Federal Housing Finance Agency (FHFA), according to the company. 

Starting immediately in the position, Grassi will report directly to loanDepot’s CEO Frank Martell, who joined the company in April when founder Anthony Hsieh became executive chairman.

“Responding to identified risks and continuing to effectively anticipate enterprise risks will be critical to position the company for long-term growth and details ⇒

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