Gregory Smallwood brings two decades of experience in the field.
Consumer lending and real estate services provider loanDepot has appointed Gregory Smallwood as chief legal officer and corporate secretary, effective immediately. He will report directly to CEO Frank Martell.
Company officials said Smallwood brings more than two decades of experience representing major financial services institutions in all aspects of compliance with state and federal law, corporate transactions, regulatory enforcement, and class action litigation.
Gregory Smallwood
As chief legal officer, Smallwood will oversee all aspects of loanDepot’s legal strategy, supporting its focus on providing exceptional service to its customers, employees, and investors.
Combined with the addition of Joseph Grassi as chief risk officer this week, Smallwood's appointment further enhances the company's robust legal, compliance and risk infrastructure, officials said.
Get the NMP Daily
Essential stories, every weekday.
"Our Vision 2025 strategic plan was developed with a clear emphasis on best-in-class quality, client service and compliance, all of which are principles we consider essential for long-term growth and success," said Martell. "loanDepot operates in a complex and rapidly evolving legal and regulatory environment. The addition of a world-class legal talent like Gregg, who brings important skills and perspective to our already outstanding legal team, will help ensure we successfully execute on our plan and deliver best-in-class experiences for our customers."
Prior to loanDepot, Smallwood served as general counsel and executive vice president of Caliber Home Loans. Before that, Smallwood held senior roles at Bank of America, Morgan Stanley, Saxon Mortgage, GMAC ResCap and Chase Manhattan Mortgage Corporation. He started his career as an attorney at L'Oréal Cosmetics Corporation. He holds a Juris Doctorate from Seton Hall University School of Law and Bachelor of Arts from the University of Maryland. “It's an exciting opportunity to join loanDepot as the company advances the work of its Vision 2025 plan and navigates such a significant period of change in the mortgage finance industry," Smallwood said. "I look forward to supporting Frank and working with the legal and broader loanDepot teams to make homeownership affordable, inclusive and sustainable for more American families."
The Non-QM specialist will underwrite and fund California loans in-house while retaining access to more than 90 wholesale lenders across its broader footprint
Truss Financial Group is adding direct lending capabilities in California, giving the Non-QM specialist greater control over underwriting and funding while preserving the wholesale model on which it built its business.The Ladera Ranch, California-based company said it can no...
The company will consider mutual exits and honor remaining agreements, but has not explained how Motto offices will coexist with its unified mortgage strategy
Real REMAX Group is ending sales of new Motto Mortgage franchises just days after completing its merger, leaving existing owners to remain in a shrinking network or negotiate an exit.The company has made a “strategic decision to no longer invest in growing the Motto Mortgage...
Former Intuit executive succeeds interim CEO Varun Krishna as Rocket pushes deeper integration across home search, brokerage, mortgage, closing, and servicing
