Nonbank retail lender loanDepot has announced the appointment of one of its independent directors, Pamela Hughes Patenaude (pictured), as the chair of Home Builders Institute (HBI) board of trustees, a non-profit that provides trade skills education for home builders.

loanDepot CEO Frank Martell expressed his congratulations and excitement for Patenaude’s appointment, recognizing her as a national leader with deep expertise in the housing economy.

“On behalf of the entire loanDepot team, I want to congratulate Pam on her appointment as the chair of the Home Builders Institute’s board of trustees,” Martell said. “Pam is a recognized national leader with deep subject matter expertise across a broad array of areas critical to the current and future success of the housing economy. Her unique experience and broad perspectives are particularly valuable as we implement our Vision 2025 strategic plan, which focuses on first-time home buyers, purpose-driven lending solutions and promoting affordability and diversity. We expect the execution of Vision 2025 will position loanDepot for long-term success.”