Trending...
- Church Tradition Takes an Unexpected Turn at the Ford Community & Performing Arts Center - 145
- SHI Introduces the RP-222B3S, Its Highest-Capacity 4K Pulse Tube Cryocooler
- Dividend Stacker Launches Free Calendar and Alerts for High-Yield ETF Payouts
Proven leader with extensive experience in compliance and risk management to lead loanDepot's enterprise risk management program
FOOTHILL RANCH, Calif., Sept. 12, 2022 /PRNewswire/ -- loanDepot, Inc. ( NYSE: https://www.prnewswire.com/news-releases/#finan..." rel="nofollow">LDI) ("loanDepot" or the "Company"), a leading consumer lending and real estate services provider, today announced the appointment of Joseph Grassi as chief risk officer, effective immediately. He reports directly to loanDepot CEO Frank Martell.
Grassi is an experienced leader with deep expertise in legal and compliance risk management and strong relationships in the financial services industry. He will be responsible for enhancing the Company's risk management program and enterprise and loan-level risk governance policies, as well as managing potential operational risks.
"At the foundation of our Vision 2025 plan are the built-to-last principles of quality, compliance, and customer excellence," said Martell. "Responding to identified risks and continuing to effectively anticipate enterprise risks will be critical to position the Company for long-term growth and revenue generation. Joe's vision and invaluable expertise in both the residential real estate industry and regulatory arena will help enhance our risk management program, further align our quality initiatives with those of Fannie Mae, Freddie Mac and the FHFA, and propel loanDepot forward during a period of enormous change in the home finance industry."
More on The PennZone
Grassi brings over 35 years of experience in real estate finance and consumer lending compliance and law, with leadership roles across a number of companies and government agencies including Celebrity Home Loans, the United States Department of Housing and Urban Development, Guaranteed Rate, and Prospect Mortgage. He also spent time at Freddie Mac.
Notably, Grassi spent 20 years as a senior attorney for Fannie Mae, including as the lead counsel for the Multifamily and Single Family businesses. He ultimately served as the Interim General Counsel and Corporate Secretary for Fannie Mae, where he was responsible for overseeing Fannie Mae's legal and government and industry relations departments and providing strategic counsel to the CEO and Board. He began his career at Philadelphia-based law firm Obermayer, Rebmann, Maxwell & Hippel and holds both a Juris Doctorate and Bachelor of Science in Business Administration from Villanova University.
"I look forward to working with Frank and his entire leadership team at loanDepot to deliver on the company's vision of becoming an increasingly purpose-driven organization," said Grassi. "loanDepot has both an incredible reputation for fostering innovation and a deep commitment to its customer-first philosophy. I'm excited to leverage the strengths of the Company and team to help make the American dream of homeownership a reality for more families."
More on The PennZone
About loanDepot
loanDepot ( NYSE: https://www.prnewswire.com/news-releases/#finan..." rel="nofollow">LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home. Today, as one of the nation's largest non-bank retail mortgage lenders, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional and national philanthropic efforts.
Media Contact:
Jonathan Fine
VP, Public Relations
(781) 248-3963
[email protected]
SOURCE loanDepot, Inc.
FOOTHILL RANCH, Calif., Sept. 12, 2022 /PRNewswire/ -- loanDepot, Inc. ( NYSE: https://www.prnewswire.com/news-releases/#finan..." rel="nofollow">LDI) ("loanDepot" or the "Company"), a leading consumer lending and real estate services provider, today announced the appointment of Joseph Grassi as chief risk officer, effective immediately. He reports directly to loanDepot CEO Frank Martell.
Grassi is an experienced leader with deep expertise in legal and compliance risk management and strong relationships in the financial services industry. He will be responsible for enhancing the Company's risk management program and enterprise and loan-level risk governance policies, as well as managing potential operational risks.
"At the foundation of our Vision 2025 plan are the built-to-last principles of quality, compliance, and customer excellence," said Martell. "Responding to identified risks and continuing to effectively anticipate enterprise risks will be critical to position the Company for long-term growth and revenue generation. Joe's vision and invaluable expertise in both the residential real estate industry and regulatory arena will help enhance our risk management program, further align our quality initiatives with those of Fannie Mae, Freddie Mac and the FHFA, and propel loanDepot forward during a period of enormous change in the home finance industry."
More on The PennZone
- French Camp Academy Releases New Video Inviting Individuals to Consider a Life of Service
- LET US READ Documentary on Dyslexia and Literacy to Screen at TCL Chinese 6 in Hollywood
- Defense & Space Strategy Strengthens as New Leadership Builds on NASA Results and Expanding Multi-Orbit Opportunities for Ascent Solar Technologies
- STS Capital Partners is pleased to announce the appointment of Barry Brown as Vice President, Business Development
- Qscription Technologies and NEOPATHOLOGY CORP. Sign MOU to Bring FDA-Cleared Lung Imaging AI into U.S. Clinical Practice
Grassi brings over 35 years of experience in real estate finance and consumer lending compliance and law, with leadership roles across a number of companies and government agencies including Celebrity Home Loans, the United States Department of Housing and Urban Development, Guaranteed Rate, and Prospect Mortgage. He also spent time at Freddie Mac.
Notably, Grassi spent 20 years as a senior attorney for Fannie Mae, including as the lead counsel for the Multifamily and Single Family businesses. He ultimately served as the Interim General Counsel and Corporate Secretary for Fannie Mae, where he was responsible for overseeing Fannie Mae's legal and government and industry relations departments and providing strategic counsel to the CEO and Board. He began his career at Philadelphia-based law firm Obermayer, Rebmann, Maxwell & Hippel and holds both a Juris Doctorate and Bachelor of Science in Business Administration from Villanova University.
"I look forward to working with Frank and his entire leadership team at loanDepot to deliver on the company's vision of becoming an increasingly purpose-driven organization," said Grassi. "loanDepot has both an incredible reputation for fostering innovation and a deep commitment to its customer-first philosophy. I'm excited to leverage the strengths of the Company and team to help make the American dream of homeownership a reality for more families."
More on The PennZone
- New Bethany's 35th Annual Souper Day to Spotlight Connection Between Health, Hunger and Housing
- Heritage at Manalapan Welcomes New Sales Team as Luxury Single-Family Home Community Continues to Grow
- Mandeville Pests May Pose Serious Health Risks for Your Family
- A New Tale Band Makes 9/11 Tribute Song "The Twins" Free for Ceremonies and School Programs
- Share your workplace safety solutions at 2027 Applied Ergonomics Conference
About loanDepot
loanDepot ( NYSE: https://www.prnewswire.com/news-releases/#finan..." rel="nofollow">LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home. Today, as one of the nation's largest non-bank retail mortgage lenders, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional and national philanthropic efforts.
Media Contact:
Jonathan Fine
VP, Public Relations
(781) 248-3963
[email protected]
SOURCE loanDepot, Inc.
0 Comments
Latest on The PennZone
- King Larry Steps Into His Moment With Music, Major Performances and a Story Built on Persistence
- Church Tradition Takes an Unexpected Turn at the Ford Community & Performing Arts Center
- SHI Introduces the RP-222B3S, Its Highest-Capacity 4K Pulse Tube Cryocooler
- Redefining Proactive Care: The Rise of the Hybrid Concierge Medical Model
- As Canada and America Turn on Each Other, These Two Authors Stay On Speaking Terms
- Benny Turner Revisits Freddie King's Legacy for 50th Anniversary of His Passing
- GitKraken Names Jim Shaw CEO as Software Teams Move From AI Adoption to Multi-Agent Orchestration
- Brévant Guide Launches New National Restaurant Guide Across Canada
- Free JavaScript Charting Library ProEssentialsJS Permits Commercial Use. Highcharts, SciChart and LightningChart Free Tiers Do Not
- Mito Health Passes One Million Lab Tests, Expands to Seven Categories of Preventive Health Testing
- VC Fast Pitch and Steamwork Ventures Bring Startup & Investor Networking Event to Santa Barbara on October 8
- Volant Announces Major Partnership with the STEM Racing Canada Program to CHAMPION YOUTH ENGINEERING
- Badanamu and Friends Live Brings Hit Animated Series to Stages Across the United States
- 54 Million Contract. New Chapter as AI Cybersecurity Platform Expands, Margins Surge & Management Signals Confidence. Cycurion, Inc: (NAS DAQ: CYCU)
- MommyAndMe.club Expands Parent-Child Class Directory to All 50 States and Washington, D.C
- Work 365 Deepens TD SYNNEX Integration with Automated Azure Billing
- Award-Winning Author's New Timely Book "Philly Girl" Highlights Centuries of Brave & Bold Women from Philadelphia
- RAS AP Consulting Signals Growth of Managed AP Governance With Digital Expansion, Pipeline Activation, and Trademark Filing Ahead of Esker All Access
- National Nonprofit Lights 200 Landmarks Pink and Blue for Pregnancy and Infant Loss Awareness Month
- Vegan Kingz Unveils Upgraded Digital Platform to Streamline Commercial Foodservice & Wholesale Ordering