LDI - Earnings announcements

Company delivers market share gains and operational progress amid a challenging market. First Quarter 2026 Highlights: Loan origination volume decreased 5% to $7.66 billion from the prior quarter, while market share increased to 1.39%1. Revenue decreased 8% to $286 million and adjusted revenue decreased 5% to $299 million compared to the prior quarter, primarily impacted by volatile interest rates and margin pressure. Pull-through weighted gain on sale margin decreased 53 basis points to 271 basis points on larger loan balances, product mix shifts and market volatility during the quarter. Expenses decreased 0.2% to $342 million from the prior quarter on lower commissions and m

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its first quarter 2026 financial results on May 5, 2026, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operating highlights followed by a question-and-answer session. Register online in advance at https://events.q4inc.com/attendee/833959793. A live audio webcast of the conference call will also be available via the Company's website, investors.loandepot.com, under the Ev

Delivered highest quarterly loan origination volume since 2022. Grew market share 19% while investing in digital infrastructure to scale for growth. Full-year 2025 highlights: Revenue increased 12% to $1.19 billion and adjusted revenue increased 10% to $1.21 billion compared to the prior quarter on higher pull-though weighted lock volume and margin. Pull-through weighted gain on sale margin increased 19 basis points to 336 basis points. Expenses increased 1% to $1.31 billion, reflecting discipline in driving operating efficiencies. Net loss of $108 million was down 47%, compared with net loss of $202 million in the prior year, primarily a result of higher revenue. Adjuste

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its year-end and fourth quarter 2025 financial results on March 10, 2026, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operating highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://events.q4inc.com/attendee/126718039 at which time registrants will receive dial-in information as well as a c

Reshaped leadership team focused on capitalizing on loanDepot's unique set of assets to drive operational excellence and profitable market share growth. Positive Q3 momentum from higher revenue and positive operating leverage. Highlights: Revenue increased 14% to $323 million and adjusted revenue increased 11% to $325 million compared to the prior quarter on higher pull-though weighted lock volume and margin, and servicing income. Pull-through weighted gain on sale margin increased 9 basis points to 339 basis points. Expenses increased 6% to $334 million, driven primarily by higher personnel and general and administrative expenses. Net loss of $9 million was down 65%, compared wit

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its third quarter 2025 financial results on November 6, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operating highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I4144769 at which time registrants will receive dial-in information as well as a conference

loanDepot Founder Anthony Hsieh appointed as permanent CEO; focused on growth, technology powered efficiency and a return to profitability. Positive Q2 momentum from higher revenue and lower costs.   Highlights: Revenue increased 3% to $283 million and adjusted revenue increased 5% to $292 million compared to the prior quarter on higher pull-though weighted lock volume and servicing income. Pull-through weighted gain on sale margin decreased 25 basis points to 330 basis points. Expenses decreased 2% to $315 million, driven primarily by lower general and administrative expenses; volume-related expenses increased 12% to $114 million compared to 30% increase in origination volume

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its second quarter 2025 financial results on August 7, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q414144737 at which time registrants will receive dial-in information as well as a conferenc

Q1 was a quarter of positive momentum for the company. Higher volume, margins and ongoing cost discipline drive improved Q1 results. Company Founder and Executive Chairman Anthony Hsieh also returned to the company's day-to-day operations in Q1; Hsieh will focus on expanding originations and driving innovation through tech enablement. Current CEO Frank Martell set to transition to a board advisory role in June; Hsieh will assume interim CEO role at that time. Highlights: Revenue increased 23% to $274 million and adjusted revenue increased 21% to $278 million compared to the prior year on higher volume and pull-through weighted gain on sale margin. Strong mortgage revenue growth more

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its first quarter 2025 financial results on May 6, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I41447641 at which time registrants will receive dial-in information as well as a conference ID.

Revenue increased 9% for the year on higher pull-through weighted gain on sale margin and volume, driving significant reduction of losses. Full-year 2024 highlights: Revenue increased 9% to $1.06 billion and adjusted revenue increased 10% to $1.10 billion compared to 2023. Pull-through weighted gain on sale margin grew to 317 basis points, up 42 bps compared to 2023. Net loss of $202 million, including $25 million of cybersecurity related costs, compared with prior year net loss of $236 million. Adjusted net loss of $95 million, compared with prior year adjusted net loss of $152 million, reflecting the positive impact of higher revenue and cost productivity. Adjusted EBITDA of $8

Anthony Hsieh, loanDepot Chairman of the Board, Returns to Company Executive Team in Originations Leadership Role Hsieh Will Become Executive Chairman of Mortgage Originations; CEO Frank Martell Will Transition to Board Advisory Role in June Search for a Successor to Martell Is Underway loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced a Board- and executive-level leadership transition. Company Founder, Chairman of the Board, and controlling shareholder Anthony Hsieh rejoins the loanDepot executive leadership team as Executive Chairman of Mortgage Ori

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its year-end and fourth quarter 2024 financial results on March 11, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I4144763980 at which time registrants will receive dial-in information as wel

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its third quarter 2024 financial results on November 5, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should call five minutes in advance to ensure that you

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of lending solutions that make the American dream of homeownership more accessible and achievable for all, today announced that the Company will release its second quarter 2024 financial results on August 6, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should cal

Positive revenue and cost momentum partially offset by the impact of January cyber incident. Year-over year highlights: Revenue increased $15 million or 7% to $223 million primarily driven by higher servicing income and pull through weighted gain on sale margin, partially offset by revenue loss due to the cyber incident. Expenses decreased $7 million or 2% to $308 million primarily from lower personnel and marketing costs. Company incurred $15 million of net charges directly related to cyber incident during the quarter. Net loss decreased 22% to $72 million. Adjusted net loss decreased 35% to $38 million. Maintained strong liquidity profile with cash balance of $604 million

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of lending solutions that make the American dream of homeownership more accessible and achievable for all, today announced that the Company will release its first quarter 2024 financial results on May 7, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should call fi

Vision 2025 productivity improvements more than offset market-driven revenue decline, resulting in 61% reduction in annual net loss. Company exits 2023 with strong liquidity position. Full-year 2023 highlights: Revenue decreased $282 million or 22% to $974 million from 2022, primarily driven by lower market volume; growth in servicing income and HELOC revenue as well as higher gain on sale margin partially offset the impact of volume decrease. Total expenses decreased $693 million or 36% to $1.25 billion, primarily driven by cost productivity improvements and lower origination volume; 2023 expenses included $27 million of restructuring charges, lease and other asset impairment charg

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced that the Company will release its fourth quarter and year-end 2023 financial results on March 12, 2023, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should call in five minutes in advance to ensure that you are connected prior to the call. A webcast can also be accessed at

Continues focused execution of Vision 2025 Narrows net loss for third consecutive quarter and maintains strong liquidity position Expands productivity program, expected to yield additional $120 million in run-rate benefits Revenue decreased $6 million or 2% to $266 million from second quarter 2023, primarily driven by lower pull through weighted lock volume partially offset by higher pull through weighted gain on sale margin. Total expenses decreased $25 million or 8% to $305 million from second quarter 2023, driven by cost reductions across almost all expense categories. Expands Vision 2025 productivity program targeting $120 million of annualized cost reductions, including $1

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced that the Company will release its third quarter 2023 financial results on November 7, 2023, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing 888-440-6385. Attendees should call in five minutes in advance to ensure that you are connected prior to the call. A webcast will also be available at https://events.q4inc.com/attendee/84

Company reports second consecutive quarter of sequential double-digit revenue growth and ongoing cost productivity gains resulting in significant narrowing of net loss Revenue up 31% or $63.9 million from first quarter 2023, primarily driven by higher pull through weighted lock volume and gain on sale margin. Total expenses increased 5% or $15.7 million from first quarter 2023, primarily driven by Vision 2025 related costs and higher direct costs attributable to increased origination volumes, partially offset by cost productivity. Quarterly net loss narrowed by 46% to $49.8 million, or $42.0 million, from first quarter 2023 net loss of $91.7 million primarily due to increased reven

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced that the Company will release its second quarter 2023 financial results on August 8, 2023, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing 888-440-6385 using conference ID 2021948. Attendees should call in five minutes in advance to ensure that you are connected prior to the call. A replay of the webcast and transcript will a

Changes in line with Vision 2025 strategy David Hayes named Chief Financial Officer As part of its previously announced Vision 2025 plan, loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company") today announced organizational changes expected to improve operational efficiency, simplify the company's leadership structure, and move certain key executive leadership positions to its Orange County, Calif. headquarters. David Hayes, a senior finance executive with over 25 years of financial management, treasury, corporate finance, and mortgage industry experience, has been appointed Chief Financial Officer, effective June 26, 2023. Hayes, who will be based o

Company narrows net loss 42% on higher revenues and lower expenses First quarter revenue increased by $38.2 million from fourth quarter 2022 primarily driven by higher pull through weighted lock volume and servicing fee income.Reduced total expenses by $29.3 million from fourth quarter 2022 primarily driven by lower personnel related costs and reduced general and administrative expenses.Quarterly net loss declined 42% to $91.7 million from fourth quarter 2022 driven by higher revenues and continued expense reductions under the Company's Vision 2025 strategic plan. Company maintained strong liquidity profile, exiting the quarter with cash balance of $798.1 million.IRVINE, Calif., May 9, 2023

IRVINE, Calif., April 25, 2023 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced that the Company will release its first quarter 2023 financial results on May 9, 2023, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing 888-440-6385 using conference I

Company exits 2022 with significantly lower expense base driven by strong execution of Vision 2025 Plan. Investments in technology and expanded product offerings position the Company for future success. Fourth quarter 2022 highlights: Quarterly revenue decrease of $104.5 million driven primarily by lower market activity due to increased interest rates and seasonal slowdown in purchase volume.Reduced total expenses by $91.4 million, or 21%, from third quarter primarily driven by lower staffing levels, marketing spend and Vision 2025 related costs.Net loss increased 15% to $157.8 million in fourth quarter from third quarter driven by lower revenues partially offset by aggressive expense reduct

IRVINE, Calif., Feb. 21, 2023 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced that the Company will release its year-end and fourth quarter 2022 financial results on March 8, 2023, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing 888-440-6385 usi

Decreased net loss by 39% on expense reduction; increased cash balances by 20% to $1.14 billion Lower market volumes and the exit of wholesale channel fueled revenue decrease of $34.4 million, or 11%.Reduced total expenses by $125.5 million, or 22%, from second quarter primarily driven by right-sizing staffing levels, reduced marketing spend, and lower third-party costs.Company expects to achieve Vision 2025 annualized expense savings target of $400 million by year-end 2022.Net loss reduced 38.6% to $137.5 million in third quarter from second quarter, driven by expense reductions which more than offset lower revenues.Company increased already strong cash balance to $1.14 billion at end of th

FOOTHILL RANCH, Calif., Oct. 20, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced that the Company will release its third quarter 2022 financial results on November 8, 2022, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing 888-440-6385 using

Vision 2025 Plan launched to simplify business model and accelerate cost reduction, providing pathway for run-rate profitability by year-end 2022 and long-term value creation Revenue of $308.6 million, and diluted loss per share of $0.66, driven principally by lower origination volumes and profit margins, partially offset by higher servicing revenues.Expenses decreased by $45.6 million, or 8%, on pace to achieve targeted annualized expense savings of $375 million to $400 million during second half of 2022.Recorded $46.7 million in charges for impairment of goodwill, real estate and other intangible assets, as well as $6.0 million of severance, professional fees and other expenses related to

FOOTHILL RANCH, Calif., Aug. 2, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), the nonbank lending innovator that is transforming the mortgage industry, today announced that the Company will release its second quarter 2022 financial results on August 9, 2022 after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session.

Building on foundation of strong balance sheet and liquidity Downsizing to align with rapidly changing market conditions; focusing mortgage lending on purchase transactions while serving increasingly diverse communities across the country Simplifying organizational structure, with increased focus on client service, quality, automation and operating leverage Targeting approximately $375 - $400 million in annualized cost reductions by the end of 2022 and run-rate operating profitability exiting 2022 Conference call to discuss announcement at 8:30 AM ET today FOOTHILL RANCH, Calif., July 12, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) ("loanDepot" or the "Company") today announced its Visi

C-suite expansion adds leadership strength to accelerate execution on strategies and create long-term shareholder value Invested in recruiting in-market retail loan officers, growing purchase volume to 37% of total originations.Announced launch of all-digital mello HELOC product.Executed on cost reduction strategy, reducing total expenses by 13% during the quarter.Market share decreased to 3.1%1 due to the intense competitive pressure from decreasing origination volume.Repurchased $97.5 million of senior notes due 2028 at an average purchase price of 87.9% of parReported quarterly total revenue of $503.3 million, diluted loss per share of $0.25 and adjusted diluted loss per share of $0.26, r

FOOTHILL RANCH, Calif., April 28, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), the nonbank lending innovator that is using its proprietary mello® technology to transform the mortgage industry, today announced that the Company will release its first quarter 2022 financial results on May 10, 2022 before market open. Management will host a conference call and live webcast at 11:00 a.m. ET on loanDepot's investor relations website, investors.loandepot.com, following the release of its earnings results. The call will include a review of the results followed by a question and answer session.

FOOTHILL RANCH, Calif., Feb. 1, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI), (together with its subsidiaries, "loanDepot" or the "Company"), the innovative consumer lending and real estate services provider that is using its proprietary mello® technology to deliver best-in-class experiences to its customers, today announced results for year-end and the fourth quarter ended December 31, 2021.  "2021 demonstrated the success of our strategy, successfully increasing market share during a period of changing market conditions," said loanDepot Founder and CEO Anthony Hsieh. "Ou

FOOTHILL RANCH, Calif., Jan. 13, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), the nonbank lending innovator that is using its proprietary mello® technology to transform the mortgage industry, today announced that the Company will release its year-end and fourth quarter 2021 financial results on February 1, 2022 before market open. Management will host a conference call and live webcast at 11:00 a.m. ET on loanDepot's investor relations website, investors.loandepot.com, following the release of its earnings results. The call will include a review of the results followed by a question and answer session.

FOOTHILL RANCH, Calif., Nov. 1, 2021 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI), (together with its subsidiaries, "loanDepot" or the "Company"), the innovative consumer lending and real estate services provider that is using its proprietary mello® technology to deliver best-in-class experiences to its customers, today announced results for the third quarter ended September 30, 2021.  "The third quarter proved to be another strong milestone in market share growth, increasing to 3.5% from 2.4% during the same quarter last year," said loanDepot Founder and CEO Anthony Hsieh. "Ou

FOOTHILL RANCH, Calif., Oct. 21, 2021 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), the nonbank lending innovator that is using its proprietary mello® technology to transform the mortgage industry, today announced that the Company will release its third quarter 2021 financial results on November 1, 2021 before market open. Management will host a conference call and live webcast at 11:00 a.m. ET on loanDepot's investor relations website, investors.loandepot.com, following the release of its earnings results. The call will include a review of the results followed by a question and answer session.

FOOTHILL RANCH, Calif., Aug. 3, 2021 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI), (together with its subsidiaries, "loanDepot" or the "Company"), the innovative consumer lending and real estate services provider that is using its proprietary mello® technology to deliver best-in-class experiences to its customers, today announced results for the second quarter ended June 30, 2021. "Eleven years ago we set out to reshape the mortgage industry with a new, digital-first approach that would thrive across all market conditions. This is why, despite the transition in the mortgage mar

FOOTHILL RANCH, Calif., July 26, 2021 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), the nonbank lending innovator that is using its proprietary mello® technology to transform the mortgage industry, today announced that the Company will release its second quarter 2021 financial results on August 3, 2021 before market open. Management will host a conference call and live webcast at 11:00 a.m. ET on loanDepot's investor relations website, investors.loandepot.com, following the release of its earnings results. The call will include a review of the results followed by a question and answer session.