Consumer lending and real estate services provider loanDepot announced the appointment of Joseph Grassi as chief risk officer.

Grassi is an experienced leader with deep expertise in legal and compliance risk management and strong relationships in the financial services industry. He reports directly to loanDepot Chief Executive Frank Martell.

With more than 35 years of experience, Grassi will be responsible for enhancing the company’s risk management program and enterprise and loan-level risk governance policies, as well as managing potential operational risks.

He’s held leadership roles across a number of companies and government agencies, including Celebrity Home Loans, the U.S. Department of Housing and Urban Development, Guaranteed Rate, and Prospect Mortgage. He also spent time at Freddie Mac.

Grassi spent 20 years as a senior attorney for Fannie Mae, including as the lead counsel for the multifamily and single-family businesses. He ultimately served as the interim general counsel and corporate secretary for Fannie Mae, where he was responsible for overseeing the legal, government, and industry relations departments and providing strategic counsel to the CEO and board.

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