loanDepot LLC, a privately held independent retail mortgage lender and operator of loanDepot.com and imortgage, has hired David Norris as president and chief operating officer (COO).
As the former chief marketing officer of Nationstar Mortgage and president of its Greenlight Financial Services brand, Norris brings more than 25 years of consumer mortgage and technology industry experience. He will report directly to Anthony Hsieh, loanDepot's CEO and chairman of the board.
Prior to Nationstar, he joined LendingTree Loans in 2006 and was promoted to president in 2008. In 2012, Norris led the company's acquisition by Discover Financial Services, where he served as president of Discover Home Loans. Before joining LendingTree Loans, Norris was vice president of service and solutions and executive quality leader at Toshiba America Information Systems.
Norris' career also includes serving in a variety of manufacturing and sales management positions at Qualcomm Personal Electronics in San Diego and chief operations officer for American Technology Corp. Norris is a certified mortgage banker (CBM) by the Mortgage Bankers Association.
In addition to leading loanDepot's daily operations across all company channels, Norris will assume executive oversight for the company's relationships with affinity partners.
The company reports it is rapidly expanding. Last year, it opened a second corporate office location in Plano, Texas; formalized several strategic joint venture partnerships; closed an $80 million credit facility; and merged with imortgage, which added 60 retail lending branch locations and 400 additional licensed loan officers to the company.
