Key Points:

Expanded role consolidates oversight of loanDepot's legal, compliance, corporate governance and enterprise risk management functions
Grassi brings more than 35 years of experience in consumer lending law, mortgage regulation, compliance and risk oversight
Promotion reflects loanDepot's continued focus on strengthening governance, regulatory engagement, loan quality and risk management

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot"), a national retail lender with $584B funded directly to consumers since inception, today announced that Chief Risk Officer Joseph Grassi has been promoted to Chief Legal and Risk Officer.

As Chief Legal and Risk Officer, Grassi leads loanDepot's legal strategy, corporate governance and legal affairs, as well as the Company's regulatory compliance, loan quality and enterprise risk management functions. He reports directly to loanDepot Founder and CEO Anthony Hsieh.

"Joe has been an exceptional leader for loanDepot," said Hsieh. "His strategic mindset, industry credibility and proven leadership make him the right leader for this expanded role. As we continue our work to transform the Company, this structure will help simplify the organization, strengthen our foundation, and support our return to profitable market share growth."

Grassi has served as loanDepot's Chief Risk Officer since 2022 and brings more than 35 years of experience in consumer lending law, mortgage regulation, compliance and risk oversight. During his tenure at loanDepot, he has played a critical role in strengthening the Company's risk and regulatory compliance functions.

Key accomplishments at loanDepot include:

Strengthening relationships with government-sponsored enterprises, including Fannie Mae and Freddie Mac
Enhancing processes and execution across loan quality and risk management
Increasing engagement with policymakers, regulators and government agencies in Washington, D.C.

Grassi is also an active leader within the mortgage industry, strengthening loanDepot's advocacy presence through his work with the Mortgage Bankers Association (MBA). He currently serves as Co-chair of the MBA Legal Issues and Regulatory Compliance Committee, is a frequent speaker at MBA conferences, and previously served as Co-chair of the MBA Independent Mortgage Bankers Executive Committee.

About Joseph Grassi

Grassi is a proven senior leader with deep real estate and financial services expertise and substantial legal, regulatory, compliance and risk management experience. His leadership helps support loanDepot's commitment to operational excellence, strong governance and superior customer service.

Grassi brings significant experience in real estate finance and consumer lending compliance and law, including leadership positions at Celebrity Home Loans, the U.S. Department of Housing and Urban Development, Guaranteed Rate and Prospect Mortgage. He also held roles at Freddie Mac.

Notably, Grassi spent 20 years as a senior attorney for Fannie Mae, including as lead counsel for its Multifamily and Single-Family businesses. He ultimately served as Interim General Counsel and Corporate Secretary for Fannie Mae, where he was responsible for overseeing Fannie Mae's legal, government and industry relations departments and providing strategic counsel to the CEO and Board of Directors.

Grassi began his career at Philadelphia-based law firm Obermayer, Rebmann, Maxwell & Hippel and holds both a Juris Doctor and a Bachelor of Science in Business Administration from Villanova University.

About loanDepot

Since its launch in 2010, loanDepot (NYSE:LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers 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. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20260602476673/en/

Investor Contact:

Gerhard Erdelji

Senior Vice President, Investor Relations

loanDepot

(949) 822-4074 | gerdelji@loandepot.com

Media Contact:

Jonathan Fine

Vice President, Public Relations

loanDepot

(781) 248-3963 | jfine@loandepot.com