David Smith, a former US Army sergeant, has been promoted to the newly created position of vice president of national VA lending at loanDepot (LDI). In his new role, Smith will lead the company’s national VA lending strategy, with a focus on providing specialized services to veterans and active-duty military personnel. He will also oversee loanDepot’s VA council, a team of originators who are often veterans themselves. Smith’s mission is to educate both the military community and industry professionals, including real estate agents and originators, about the advantages of VA mortgage products. He has already conducted training sessions for over 28,000 real estate agents and consumers, highlighting the nuances and benefits of the VA’s robust home loan program.
LDI Mortgage president Jeff Walsh expressed his pride in loanDepot’s mission to help military families achieve their dream of homeownership. With a strong focus on serving this community, the company has made a significant impact. Now, with the addition of David’s expertise and leadership, loanDepot is ready to take their efforts to the next level and make an even greater positive impact.
With over two decades of experience in mortgage, real estate, sales, and training roles, Smith became a branch production manager at loanDepot in 2022. Prior to joining loanDepot, he worked with renowned companies such as Prudential Real Estate, USAA, Wells Fargo, and Mutual of Omaha. Smith’s passion for serving his fellow veterans is evident in his words, “Serving my fellow veterans by helping them purchase their homes and build generational wealth is incredibly meaningful and personal for me.” He aims to educate and empower veterans and real estate professionals about the benefits of VA loans so that more servicemembers can take advantage of them.
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