Hsieh continued: “As we pursue what I believe is the largest market opportunity I have ever seen, driven by the mass adoption of AI, Nikul’s insight into both our industry and our business, including his recent role as an advisor to our Board of Directors, means he is uniquely positioned to help accelerate our momentum.”
Most recently, Patel was co-founder and CEO of LoanGlidean embedded financing platform that provided personal loans for home improvements. Between 2012 and 2019, Patel also held various leadership roles at LendingTree, including Chief Product Officer, Chief Operating Officer and Chief Strategy Officer.
Previously, Patel was co-founder Movoto.coman online real estate search platform. Patel earned an MBA from the Wharton School of the University of Pennsylvania and an MS in Computer Engineering from Florida Atlantic University.
Patel: “I have spent my career building and scaling platforms that help consumers make smarter financial decisions, especially when it comes to buying and financing their homes. LoanDepot is impressive: it has the brand, breadth, technology and leadership to redefine what is possible in mortgage lending. I am excited to join the team and look forward to working with Anthony as we unlock loanDepot’s full potential and accelerate our growth.”
LoanDepot’s hiring of Patel marks another step in the company’s leadership change since Hsieh returned to the role of CEO in July. In August, the company promoted Tom Fiddler to president of retail lending and Dan Peña to president of partnerships. Dominick Marchetti and Sean DeJulia, the main developers of the mello platform, also returned to the company after a hiatus.
In October, it was announced that Rick Calle was returning to LoanDepot as Chief Strategy Officer.
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