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loanDepot Settles with Anthony Hsieh, Expands Board

Friday, Apr 07 2023
Lending
Written by  The Mortgage Leader

loanDepot announced a settlement with the direct-to-consumer lender’s founder and largest shareholder, Anthony Hsieh, who is also chairman of the board. So reports Insider.

loandepot 150x150The company said it would expand its board from eight members to nine and add Williston Financial Group CEO Steven Ozonian as a board member to end its proxy battle with Hsieh.

Hsieh lost his executive chairman role during the fight for control of loanDepot.

Read the full article from Insider. 

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