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loanDepot LLC Names Brian Biglin Chief Risk OfficerIRVINE, Calif., April 15, 2015 /PRNewswire/ -- loanDepot LLC, America's consumer lender, today announced Brian Biglin has been named chief risk officer and will join the company's executive team this month. Biglin will lead the innovation of new mortgage and nonmortgage loan products, credit risk models and connecting capital markets to consumer demand as the company moves to accelerate its growth strategy.  Biglin, a widely respected leader in the lending and technology industries, has been instrumental in developing advanced consumer credit risk, payment and financial product models for companies like Intuit, PayPal and Microsoft that have enabled profitable and compliant business growth. He joins loanDepot after leading global risk, compliance, pricing and risk operations for more than $200 Billion in transactions for Intuit's payment, payroll and small business groups. Before Intuit, Biglin served as chief credit risk officer at PayPal, a subsidiary of eBay. At PayPal, Biglin led a credit portfolio of $5.8 Billion and managed $180 million in credit and fraud losses, with responsibility for portfolio management strategies, statistical modeling, and credit risk product architecture. His career also includes senior leadership roles in business intelligence, financial modeling, and product development for Washington Mutual, Household Finance, and Bill Me Later. Biglin's appointment at loanDepot comes at a critical point in the company's strategy to step up the development of multiple product lines and to expand business channels. "Up until 2012, consumers were deleveraging household credit as they recovered from The Great Recession. Three years into the current credit cycle, as the economy and consumer confidence improve, spending and consumer demand for credit are on the rise,' says Anthony Hsieh, loanDepot LLC chairman and chief executive officer. "Brian's experience as an enterprise-level CRO for market-leading brands and his experience in banking and household finance make him the ideal candidate for loanDepot to advance the delivery of multi-line products. We create 350,000 consumer leads every month and understand today's credit cycle is about purpose and need, not product alone. By combining our efficient marketing platform and the technology we have in place wih advanced predictive data science, loanDepot is uniquely positioned to be America's lender of choice. This is the perfect time for an industry leader like Brian to join our team, and we're excited to welcome him to the company." The loanDepot mission is to be America's consumer lender of choice. The company is committed to serving the needs of responsible borrowers across the country through technology, predictive data science, exceptional service, and cost-efficient consumer-acquisition delivery systems. "loanDepot is a highly innovative and customer-focused company that has the opportunity to provide consumers with customized loan products to meet their changing demands. By combining technology and data sciences with strong multi-channel distribution, we're uniquely positioned to deliver purpose-based products at a borrower's point of need" said Biglin. "The opportunities ahead for loanDepot are immense, and I couldn't be more excited to join the company to lead these efforts." loanDepot is on track to offer unsecured personal loans later this month, the company's first nonmortgage lending product. Last month, the company funded $2.8 Billion in consumer home loans across all business channels in all 50 states. During a survey conducted in the fourth quarter of 2014, 13 percent of loanDepot's consumer-base of borrowers said they may be interested in a personal loan of up to $35,000 from the company's Consumer Lending Division. loanDepot research indicates borrowers expect to use those funds for credit card debt consolidation, home improvement, and to fund a small business, among other uses. loanDepot will also launch home improvement lending programs this year, becoming one of the first national nonbank consumer lenders to offer borrowers mortgage, personal loans and home improvement lending programs in all 50 states. Launched in 2010, loanDepot has quickly become the nation's second largest nonbank consumer lender, consistently funding more than $2.5 Billion loans every month. Since 2012, the company has experienced 400 percent annual market share growth. The addition of Brian Biglin to the loanDepot leadership team rounds out 18-months of executive hires who bring significant lending and technology experience with market-leading companies. In addition to Biglin, in the last 18 months industry leaders joining the loanDepot LLC executive team include: President and COO, David Norris who came from Nationstar, LendingTree, Qualcomm and Discover Home Loans; CFO, Jon Frojen, from Cetera Financial Group, Milestone Advisors and IndyMac Commercial Lending Corp; CTO, Dominick Marchetti from Blueberry Systems; Consumer Lending General Manager, Tim Li from Think Finance and JP Morgan Chase; and Chief Investment & Strategy Officer, Bryan Sullivan from Pacific Investment Management Company (PIMCO), Goldman Sachs and KPMG. ABOUT LOANDEPOT LLC Contacts: Ashley Murphy  Photo - http://photos.prnewswire.com/prnh/20150414/198615 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/loandepot-llc-names-brian-biglin-chief-risk-officer-300065885.html SOURCE loanDepot LLC 
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