In August, loanDepot’s chief technology officer Dominick Marchetti announced that he was leaving to join Guaranteed Rate. Four months later, the empty role has been filled, as loanDepot announced the hire of Sudhir Nair as chief information and technology officer.
In this new role, Nair and will be based at the company’s mello Innovation Lab, and will report to Sr. EVP, Chief Revenue Officer Jeff Walsh.
“Sudhir Nair brings an excellent balance of business-centric IT leadership and emerging technology solutions acumen,” Walsh said. “His capacity for identifying growth opportunities that provide exceptional ROI are well known within the industry, and we are delighted that he will be joining us as we enter our second decade of business.”
Nair brings over 20 years of experience to the role. Prior to joining loanDepot, he served as executive vice president and chief information officer at LoanCare. He has also served in the role of chief information officer for Academic Partnerships and NationStar. Before those positions, Nair spent 10 years in high-level positions at Bank of America.
“Sudhir Nair will be instrumental in helping us to design and implement enhancements that will enable us to continue to transform the mortgage experience,” said COO Tammy Richards. “We challenged the industry with our mello smartloan, and, with Sudhir’s leadership, we will continue to create technologies that will delight our customers and improve the mortgage experience.”
According to its announcement, loanDepot is looking to Nair with “continuing loanDepot’s dominance as a fintech leader in the mortgage sector.”
“Sudhir Nair is joining us at an ideal time,” said CEO and Founder Anthony Hsieh. “During our first decade, we established ourselves as an industry innovator, unafraid to make an investment in the technologies that we knew would transform the industry. As we enter our second decade, we plan to continue in that vein, but in a boldly customer-centric manner—and it is in this arena that Sudhir excels.”
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