loanDepot veteran lands newly created role

Job entails developing the company's enterprise data strategy

loanDepot veteran lands newly created role

Nonbank lender loanDepot has appointed a company veteran to the newly created role of chief data officer.

Elijah Pallante (pictured), previously senior vice president of enterprise innovation, will spearhead the development and implementation of the retail lender’s enterprise data and information strategy. loanDepot released a statement saying that Pallante will “be instrumental in optimizing the role of data across the enterprise and will provide strategic guidance and direction to take the company’s market-leading products into the next generation of the lifecycle both in application and technology evolutions.”

The exec will retain his current responsibilities as head of loanDepot’s enterprise innovation team, where he will continue to oversee product and service enhancements.

“I am extremely proud of how our company attracts the brightest minds in the industry—people who share our passion to deliver a seamless, exceptional mortgage experience to digital-savvy customers,” said loanDepot founder and CEO Anthony Hsieh. “Elijah has played a critical role in supporting our goals, and now, under the leadership of chief digital officer George Brady, the future is even brighter and filled with immense opportunity that will benefit our team and, most importantly, our customers.”

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“Elijah’s ability to identify operational areas of opportunity is derived from his impressive ability to use data as a path to change,” Brady said.  “His new role will enable him to further expand that talent beyond operations into all areas of our business, the result of which will be further enhancements that deliver exceptional value to our customers.”

Pallante came to the company in 2014 as vice president of corporate development and was promoted to senior vice president of enterprise innovation in 2018. He brings more than 20 years of experience, including time spent at Discover Financial Services, Performance Capital and Merrill Lynch.

“I am excited to collaborate with George and his team to leverage our proprietary technology in ways that further Anthony’s vision of creating a responsive, nimble experience for our customers - ensuring that the dream of homeownership, or the achieving personal goals through a refinance - is effortless and intuitive,” said Pallante.