Frank Martell is the CEO of loanDepot, a role he stepped into on April 27, 2022. Before taking the helm at loanDepot, he was the President and CEO of CoreLogic, a major data and analytics firm, for nearly five years....

Frank Martell is the CEO of loanDepot, a role he stepped into on April 27, 2022. Before taking the helm at loanDepot, he was the President and CEO of CoreLogic, a major data and analytics firm, for nearly five years. With over 30 years of experience in the financial and marketing sectors, he knows his way around company leadership, finance, and operations. Frank holds a Bachelor's degree in marketing, which sets the foundation for his expertise in guiding businesses through complex market challenges. In 2023, Frank received total compensation of about $82.9 million, which reflects a strong focus on aligning executive pay with company performance. He also has a substantial stake in the company, with a history of making significant insider trades, including a noteworthy $2.92 million in June 2023. Under his guidance, loanDepot is pushing strategies to adapt to a rapidly changing housing market, emphasizing sustainable, purpose-driven lending to first-time home buyers. His leadership comes during turbulent times for the mortgage industry, but his focus stays steady on long-term value creation.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other loanDepot CEOs

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Frank Martell

CEO of loanDepot

Education

Bachelor of Science in Business Administration from Villanova University

Field of Expertise

Business & Management

Sector of Economy

Financial Services

Born

January 1, 1960 - 65 years ago

CEO of loanDepot for

2 years 11 months (Apr 2022 - Present)

Previous Experience

President and CEO of CoreLogic, Inc.

Rivals

Competitors/colleagues of Frank Martell

Holdings

See how much did Frank Martell make over time.

Frank Martell has been active in managing his stock holdings with loanDepot. In 2022, he made notable insider trades, with values sometimes exceeding $2 million in single transactions, signaling strong confidence in the company’s direction. By 2023, his trades continued,...

Frank Martell has been active in managing his stock holdings with loanDepot. In 2022, he made notable insider trades, with values sometimes exceeding $2 million in single transactions, signaling strong confidence in the company’s direction. By 2023, his trades continued, culminating in nearly $3.34 million in September. This activity showcases his significant stake and influence at loanDepot as he navigates the company through industry fluctuations, especially given the challenging market conditions affecting mortgage origination. His commitment to the firm is backed by a total compensation package that reflects both his salary and performance bonuses. His wealth is closely tied to the company’s success, highlighting a strong alignment of interests with shareholders.

Insider Trading

See recent insider trades of Frank Martell.

LDI

312,056 shares

LDI

Nov 6, 2024

Received

LDI

$52.19K

LDI at $2.09/share

Jun 7, 2024

Purchase

LDI

$90.00K

LDI at $1.80/share

May 30, 2024

Purchase

LDI

$154.52K

LDI at $1.78/share

May 28, 2024

Purchase

LDI

$130.46K

LDI at $1.74/share

Nov 17, 2023

Purchase

LDI

$82.71K

LDI at $1.65/share

Nov 14, 2023

Purchase

LDI

$96.20K

LDI at $1.92/share

Sep 12, 2023

Purchase

LDI

$99.57K

LDI at $1.99/share

Sep 5, 2023

Purchase

LDI

$81.31K

LDI at $2.71/share

May 20, 2022

Purchase

LDI

$622.36K

LDI at $2.46/share

May 16, 2022

Purchase

Compensation History

See how much did Frank Martell make over time.

In 2023, Frank Martell's total compensation at loanDepot reached approximately $82.9 million, largely driven by a significant bonus structure due to his positive leadership during tough market challenges. His salary was set at $800,000, with an annual bonus of about $1.1 million that reflected the Board's assessment of his performance amid difficult circumstances. Interestingly, Martell received no stock grants in 2023, focusing instead on performance-based stock units that align his earnings directly with the company's success. The structured compensation package aims to attract and retain talent while aligning management goals with shareholder interests, reflecting an understanding of how to balance operational needs and strategic growth.

Year

2023

Total Compensation

$1.91M

Salary

$800.00K

Board Justification

The compensation philosophy aims to provide competitive compensation to attract and retain talent, aligning pay with performance and market benchmarks.

Bonus

$1.10M

Board Justification

The 2023 annual bonus reflects the Board’s assessment of Mr. Martell’s leadership in managing through challenging market conditions, funded at 50% of target based on company performance across key areas.

Other

$9.90K

Board Justification

This includes 401(k) Plan matching contributions.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the focus was on performance-based stock units that have not yet vested.

Performance Metrics

The performance metrics for determining the bonus included company performance across growth, organization efficiency, and financial strategy.

Other loanDepot CEOs

Here are other CEOs of loanDepot

Anthony Hsieh

Founder and Ex-CEO of loanDepot

February 2021 - April 2022