loanDepot, Inc. announced that Elijah Pallante has been promoted to Chief Data Officer. In this newly created role, Pallante will be responsible for leading the development and implementation of the company's enterprise data and information strategy. As Chief Data Officer, Pallante will be instrumental in optimizing the role of data across the enterprise and will provide strategic guidance and direction to take the company's market-leading products into the next generation of the lifecycle both in application and technology evolutions.

This is an area of strength for Pallante, who will retain his current responsibilities as head of the company's Enterprise Innovation Team, where he will continue to lead the development of product and service enhancements.