loanDepot appoints Alec Hanson as SVP of production for West division

IRVINE, Calif. - loanDepot, Inc. (NYSE:LDI), a $1.04 billion market cap mortgage services provider that has seen its stock surge over 163% in the past six months, has appointed Alec Hanson as Senior Vice President of Production for the West division, the company announced in a press release Monday.

Hanson joins Paul Ramos, who leads the Southeast/Mid-Atlantic division, and Mary Bane, recently promoted to oversee the Northeast/Central division. The three executives will work with President of Retail Lending Tom Fiddler to drive growth for the company’s retail operations, which has achieved 27% year-over-year revenue growth. According to InvestingPro, the company maintains a FAIR financial health score despite current market challenges.

A mortgage industry veteran, Hanson began his career as an originator in 2004 when he was named Rookie of the Year by Scotsman Guide. He joined loanDepot in 2011 through the company’s acquisition of imortgage and has held several leadership positions within the organization.

Hanson is also the author of "Bypassed: A Modern Guide for Local Mortgage Pros Left Behind by the Digital Customer" and loanDepot’s "Modern Lending Playbook."

"Alec brings a unique and powerful set of experiences to this role; the mortgage industry is truly in his blood," Fiddler said in the statement. "His drive, will to compete, and positive energy will help us build on our existing momentum."

Hanson expressed enthusiasm about his new role, stating, "I’m thrilled to return to my original home in the Retail channel, where I see such a tremendous opportunity."

Founded in 2010, loanDepot is licensed in all 50 states and offers mortgage and real estate services. The company trades on the New York Stock Exchange under the ticker LDI and is scheduled to report its next earnings on November 11, 2025. Investors seeking deeper insights can access comprehensive analysis and 13 additional ProTips through InvestingPro’s detailed research reports.

In other recent news, loanDepot, Inc. reported several noteworthy developments. The company completed a $150 million secured term notes offering through its subsidiary, loanDepot GMSR Master Trust. The proceeds from this offering were used to partially pay down a previously issued variable funding note. In leadership changes, loanDepot promoted Mary Bane to Senior Vice President of Production for the Northeast/Central division and appointed Adam Saab as Executive Vice President of Servicing.

Additionally, Citron Research released a bullish report on loanDepot, highlighting the value of its servicing business, which they argue is significantly undervalued. Citron compared loanDepot’s servicing portfolio to competitors, suggesting it could be worth more than current valuations. This report has drawn attention to the company’s mortgage servicing division, which is seen as a key asset. These developments suggest a focus on strengthening both leadership and financial strategies at loanDepot.

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