Dominick Marchetti
loanDepotAbout Dominick Marchetti
Dominick Marchetti is loanDepot’s Chief Digital Officer, appointed August 5, 2025, responsible for leading the company’s digital transformation and strategy to drive operating leverage and competitive advantage . He previously served as loanDepot’s Chief Technology Officer from 2015–2019, co-developing the proprietary mello platform alongside CEO Anthony Hsieh . Company performance around his appointment included Q2 2025 revenue of $283 million, adjusted EBITDA of $26 million, and unrestricted cash of $409 million . The CEO emphasized a renewed focus on AI-driven innovation, with Marchetti tasked to accelerate next‑gen capabilities and technology adoption .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| loanDepot | Chief Technology Officer | 2015–2019 | Co-led design/build of mello; scaled digital origination capabilities |
| loanDepot | Chief Digital Officer | Appointed Aug 5, 2025 | Lead company-wide digital transformation and strategy |
| Rate | Product Innovation Initiatives | Not disclosed | Drove product innovation at a leading mortgage platform |
| Mezzo (consulting firm) | Founder/Principal | Not disclosed | Led mortgage tech strategy; advised top lenders on product development |
External Roles
- No public company board roles disclosed; primary external activities noted are entrepreneurial leadership at Mezzo (consulting) .
Fixed Compensation
- Base salary, target bonus %, and annual cash incentives for Marchetti are not disclosed in available filings or press materials.
Performance Compensation
| Award Type | Grant Date | Shares Granted | Performance Metric | Vesting Schedule | Plan |
|---|---|---|---|---|---|
| Performance Stock Units (PSUs) | Sep 15, 2025 | 2,000,000 | Stock price hurdles at specified levels over three years | Vests upon achievement of specified LDI Class A price targets during 3‑year period starting Sep 15, 2025 | 2022 Inducement Plan (NYSE Rule 303A.08) |
- Role accountability: As CDO, Marchetti is mandated to deploy emerging technologies (including AI) and next‑gen capabilities to drive efficient growth and operating leverage across loan manufacturing .
Company Operating Context (near-term reference)
| Metric | Q2 2025 |
|---|---|
| Revenue ($MM) | 283 |
| Adjusted Revenue ($MM) | 292 |
| Net Loss ($MM) | (25) |
| Adjusted Net Loss ($MM) | (16) |
| Adjusted EBITDA ($MM) | 26 |
| Unrestricted Cash ($MM) | 409 |
Equity Ownership & Alignment
- Inducement equity: 2.0 million PSUs with 3-year stock price hurdles directly tie payout to total shareholder return, reinforcing alignment .
- Anti-hedging/pledging: Company policy prohibits hedging transactions, short sales, holding stock in margin accounts, and pledging as collateral for loans; applies to directors and executive officers .
- Beneficial ownership: Marchetti was not listed among beneficial owners as of the April 9, 2025 proxy record date (pre-appointment); his subsequent inducement awards are outside that snapshot .
Employment Terms
- Inducement plan governance: Awards granted as “material inducements” to employment, approved by the independent Compensation Committee under NYSE Rule 303A.08, using the 2022 Inducement Plan; terms largely mirror the stockholder-approved 2021 Plan .
- Severance/change‑of‑control: No employment agreement or severance terms for Marchetti are disclosed in current filings.
Investment Implications
- Compensation alignment: 100% performance‑based equity (PSUs) with market price hurdles ties Marchetti’s realized compensation to sustained share price appreciation, a direct TSR alignment signal .
- Retention and selling pressure: Three‑year performance window with price hurdles suggests retention incentives; absence of options/RSUs disclosure limits visibility into near‑term insider selling pressure. Anti‑pledging policy reduces governance risk related to leverage on company shares .
- Execution and value creation: Management’s renewed AI/digital focus positions Marchetti centrally to drive operating leverage and margin durability; monitor progress against cost efficiency and origination productivity metrics cited by management in Q2 2025 .
- Governance backdrop: Recent “Say on Pay” support was ~98.7%, indicating broad investor acceptance of the executive pay framework; clawback policy compliant with NYSE 303A.14 adds risk mitigation for incentive recoupment .
Key watch items: (1) PSU hurdle disclosures (specific price tiers) and any additional grants; (2) Form 4 activity/10b5‑1 plans post‑inducement; (3) tangible milestones in AI‑enabled loan manufacturing and consumer‑direct productivity; (4) adjusted EBITDA trajectory and cost structure improvements cited by management .