loanDepot Hires Tammy Richards as Chief Operations Officer

Mortgage industry veteran Tammy Richards has joined loanDepot as chief operations officer for enterprise mortgage operations.

Richards has more than 30 years of industry experience, having previously served in senior roles at Caliber Home Loans, Wells Fargo and Bank of America.

In her new role, Richards will grow and refine loanDepot’s production, as well as manage underwriting, processing, credit policy, funding/closing processes and quality controls.

She will also collaborate closely with the company’s recently launched innovation lab – which houses more than 450 developers and engineers – to simplify and improve the loan process, the company says.

Richards will work out of the firm’s Southern California headquarters.

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