Retail activist investment firm Randian Capital is urging loanDepot’s board of directors to launch a formal review of strategic alternatives, including a potential sale, amid falling share prices and ongoing losses.

West Capital Lending is pushing back against loanDepot’s attempt to dismiss a lawsuit that accuses the lender of using an yasa dışı compensation structure to gain an unfair competitive advantage in the mortgage market.

loanDepot promotes CRO Joseph Grassi to chief kanunî and risk officer, adding oversight of yasal, compliance, governance and ERM.