loanDepot Director Pamela Hughes Patenaude Named Board Chair of Home Builders Institute

Rhea-AI Summary

loanDepot (NYSE: LDI) announced that Pamela Hughes Patenaude, an independent director, has been appointed Chair of the Home Builders Institute's Board of Trustees. CEO Frank Martell congratulated Patenaude, highlighting her expertise in the housing economy as crucial for the company's Vision 2025 strategic plan. This initiative aims to enhance services for first-time home buyers and promote affordability and diversity in lending. Patenaude's background includes significant roles in the U.S. Department of Housing and Urban Development and various nonprofit organizations, which may enhance loanDepot's influence in the housing sector.

Positive

• Pamela Hughes Patenaude's appointment may enhance loanDepot's strategic direction.
• Patenaude's expertise aligns with loanDepot's Vision 2025 initiatives.

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• None.

IRVINE, Calif., Feb. 2, 2023 /PRNewswire/ -- loanDepot, Inc. (NYSE: LDI) ("loanDepot" or the "Company"), one of the nation's largest non-bank retail mortgage lenders, today issued the following statement from CEO Frank Martell on the news that Pamela Hughes Patenaude, an independent director on the Company's Board of Directors, has been appointed as the Chair of the Home Builders Institute's (HBI) Board of Trustees. HBI is the nation's leading nonprofit provider of trade skills education for the building industry. 

Patenaude was also recently appointed to the National Housing Conference's Board of Governors and is a Principal at Granite Housing Strategies. She also served as Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD) and before that, as President of the J. Ronald Terwilliger Foundation for Housing America's Families as well as the Director of Housing Policy for the Bipartisan Policy Center. She also serves on several nonprofit boards, including the National Housing Conference and Habitat for Humanity International.

"On behalf of the entire loanDepot team, I want to congratulate Pam on her appointment as the Chair of the Home Builders Institute's Board of Trustees. Pam is a recognized national leader with deep subject matter expertise across a broad array of areas critical to the current and future success of the housing economy. Her unique experience and broad perspectives are particularly valuable as we implement our Vision 2025 strategic plan, which focuses on first time home buyers, purpose-driven lending solutions and promoting affordability and diversity. We expect the execution of Vision 2025 will position loanDepot for long-term success."

About loanDepot
loanDepot (NYSE: LDI; NMLS # 174457) is an equal housing lender and 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 
jfine@loandepot.com 

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SOURCE loanDepot, Inc.

FAQ

Who is Pamela Hughes Patenaude in relation to loanDepot?

Pamela Hughes Patenaude is an independent director at loanDepot and was recently appointed as Chair of the Home Builders Institute's Board of Trustees.

What is the significance of Patenaude’s appointment for loanDepot?

Patenaude's appointment is seen as beneficial for loanDepot's Vision 2025 strategic plan, focusing on first-time home buyers and diverse lending solutions.

What is loanDepot's Vision 2025?

Vision 2025 is loanDepot's strategic plan aimed at improving services for first-time home buyers and promoting lending affordability and diversity.

What role does Patenaude have in the housing industry?

Pamela Hughes Patenaude has held significant positions, including serving as Deputy Secretary of HUD and is involved in several nonprofit housing organizations.

When was the press release about Patenaude's appointment issued?

The press release was issued on February 2, 2023.