Patrick Flanagan, former CFO of loanDepot, has announced his new role as executive vice president of financial strategy at Rate via LinkedIn. Flanagan's departure from loanDepot follows the recent ousting of founder Anthony Hsieh and reflects a broader turnover in leadership. Joining loanDepot in 2017, he was one of several key executives who left the company during a significant restructuring. Prior to loanDepot, Flanagan held notable positions at Carrington Mortgage Services and Cerberus Capital Management, showcasing his extensive background in finance and strategy within the mortgage sector.
Flanagan's move comes shortly after a significant leadership shakeup at loanDepot, reflecting the ongoing challenges in the mortgage industry and the demand for strategic financial leadership.
His appointment as executive vice president at Rate signals a continuing trend of industry veterans seeking new opportunities amid corporate changes, as Flanagan seeks to influence financial strategies in his new role.
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