loanDepot

loanDepot, Inc. engages in the consumer lending business. It provides personal and home equity loans. The company was founded by Anthony Hsieh on July 10, 2015 and is headquartered in Irvine, CA.

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loanDepot exceeds expense reduction goals and targets growth in underserved markets

loanDepot's Q4 2022 earnings call showcased strong financial performance, strategic initiatives, and a focus on operational excellence. Despite market challenges, the company remains committed to driving shareholder value through innovative solutions and cost reduction efforts.

loanDepot reports strong Q1 performance amidst housing market challenges

loanDepot's Q1 2023 performance showed revenue growth, cost reduction, and progress on strategic goals. Challenges in the housing market and operational expenses were addressed, with opportunities identified for future growth.

loanDepot reports robust Q2 earnings, eyes growth amid expense challenges

loanDepot's Q2 2023 earnings call highlighted strong financial performance, progress on its Vision 2025 plan, and a focus on supporting diverse homebuyers. While facing challenges with increased expenses, the company aims to invest in growth opportunities and maintain strong liquidity for future expansion.

loanDepot reports stable Q3 revenues, eyes growth through efficiency

loanDepot's Q3 performance highlighted stability in revenues, improved margins, and cost reduction efforts leading to lower operating losses. While facing challenges in origination volume, the company's focus on efficiency improvements and growth initiatives under the Vision 2025 plan sets the stage for future opportunities and profitability.

loanDepot narrows losses, focuses on growth and efficiency in 2023

loanDepot's Q4 2023 performance showcased a strategic focus on cost reduction, revenue growth, and operational efficiency amidst market challenges and opportunities.
Vision 2025 initiatives position loanDepot as a trusted partner in homeownership, with investments in automation and customer experience enhancing its competitive edge.
While facing challenges such as restructuring costs and market dynamics, loanDepot's strategic direction and focus on growth present opportunities for expansion and profitability.

loanDepot reports revenue growth and cost efficiency amidst cyber challenges

loanDepot navigated the challenges of a cyber incident to achieve revenue growth and expense reduction in Q1 2024.
Strategic focus on Vision 2025 goals and servicing income growth indicate a resilient and forward-thinking approach to business.
While facing short-term challenges from the cyber incident and financial restructuring, loanDepot is poised to capitalize on opportunities for long-term growth and stability.

loanDepot reports improved Q2 performance and outlines growth strategies

loanDepot's Q2 2024 performance showed significant improvement with positive adjusted EBITDA and reduced net loss.
The company's strategic focus on Vision 2025, market expansion, and financial stability positions it for future growth.
While facing challenges such as market uncertainties and cybersecurity risks, loanDepot remains proactive in addressing risks and seizing opportunities.

loanDepot reports Q3 profitability, eyes growth through strategic initiatives

loanDepot's Q3 performance reflected profitability driven by increased origination volumes and margin expansion.
Strategic initiatives like Vision 2025 and Project North Star are positioning the company for sustainable growth and operational efficiency.
While facing challenges in managing expenses and optimizing profitability, loanDepot has opportunities for revenue growth and business development.

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loanDepot, Inc. engages in the business of originating, financing, selling, and servicing residential mortgage loans, title, escrow, and settlement services for mortgage loan transactions. It also offers a variety of loan products and in-house servicing platforms. The company was founded by Anthony Hsieh in December 2009 and is headquartered in Irvine, CA.

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. promoted VA lending expert David Smith to the newly-created role of Vice President of National VA Lending.

loanDepot Promotes David Smith to New Role as Vice President of National VA Lending

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has launched its new “accessZERO” program intended to make homeownership more accessible for aspiring homebuyers.

loanDepot provides down payment alternative with new “accessZERO” program

IRVINE, Calif.--(BUSINESS WIRE)---- $LDI #LDI--loanDepot, Inc. to report third quarter 2023 financial results on November 7, 2023.

loanDepot, Inc. to report third quarter 2023 financial results on November 7, 2023

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot is back for its third year as the Presenting Sponsor of MLB's ALCS and NLCS, hitting it out of the park for families across America.

loanDepot Celebrates Third Season as Presenting Sponsor of Major League Baseball's ALCS and NLCS and Scores Big for Habitat for Humanity

I have a positive view of loanDepot, Inc.'s new appointments, which are aligned with the company's revenue growth and profit margin expansion goals. But a significant improvement in loanDepot's financial results for the short term is less likely based on a review of industry survey results and consensus financial forecasts. I raise my rating for loanDepot to a Hold, after considering the company's latest appointments, and the outlook for the mortgage industry and loanDepot.

loanDepot: New Appointments Draw Attention (Rating Upgrade)

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. President and CEO Frank Martell was named a 2023 HousingWire Vanguard honoree.

loanDepot President and CEO Frank Martell Honored with 2023 HousingWire Vanguard Award

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. has appointed industry veteran Dan Hanson to a newly-created role as executive director of enterprise partnerships and acquisitions.

loanDepot Names Industry Veteran Dan Hanson as Executive Director of Enterprise Partnerships and Acquisitions

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LoanDepot (LDI) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $1.10 per share a year ago.

LoanDepot (LDI) Reports Q2 Loss, Tops Revenue Estimates

IRVINE, Calif.--(BUSINESS WIRE)---- $LDI #LDI--loanDepot announces second quarter 2023 financial results.

loanDepot Announces Second Quarter 2023 Financial Results

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot Sales Manager Mosi Gatling earned HousingWire's annual “Women of Influence” award, honoring the industry's most influential women leaders.

loanDepot's Mosi Gatling Receives HousingWire's “Women of Influence” Award

loanDepot has experienced negative Net Income in recent quarters and this trend is expected to continue. Stock price performance has diverged from negative financial results. The US mortgage market is experiencing headwinds from higher interest rates, as loan originations and applications are dropping. Management insiders have been selling their own stock, and sell-side analysts have a cautious outlook.

loanDepot: Bearish As Mortgage Market Struggles

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot announced the completion of the newly renovated and expanded teen kitchen at Boys & Girls Clubs of Greater Scottsdale.

loanDepot cooks-up major kitchen renovation for Boys & Girls Clubs of Greater Scottsdale

SANTA ANA, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--Executives and employees from Orange County, Calif.-based loanDepot volunteered for Habitat for Humanity this week, helping build homes in Santa Ana.

Team loanDepot Pitches in to Build Homes with Habitat for Humanity in Orange County, Calif.

IRVINE, Calif.--(BUSINESS WIRE)---- $LDI #LDI--loanDepot, Inc. to report second quarter 2023 financial results on August 8, 2023.

loanDepot, Inc. to Report Second Quarter 2023 Financial Results on August 8, 2023

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. today announced that Melanie Graper has been named chief human resources officer (CHRO), effective July 31.

loanDepot names Melanie Graper Chief Human Resources Officer

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. today announced it has delivered more than $1 million in cash-back rebates to customers through its mellohome Grand Slam program.

loanDepot Delivers $1 Million in Cash Back to Customers Through the mellohome Grand Slam Promotion

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has landed among the top lenders with the highest number of loan originators on NAHREP's “Top 250 Latino Mortgage Originators” report.

loanDepot Among Top Lenders on NAHREP's “Top 250 Latino Mortgage Originator” Report for Third Consecutive Year

loanDepot streamlined its management structure and consolidated its business. The company also reiterated its second-quarter outlook.

Why loanDepot Stock Was Up 8.4% This Week

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--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, corp.

loanDepot Makes Executive Changes and Streamlines Organization

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), one of the nation's largest retail mortgage lenders, today announced it has promoted veteran mortgage leader Alec Hanson to serve as its chief marketing officer (CMO), effective immediately. Hanson, who joined loanDepot in 2011 and currently serves as the company's senior vice president of production for the West division, brings nearly two decades of sales and production experience to the role. As CMO, Hanson wi.

loanDepot promotes Alec Hanson to chief marketing officer

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loanDepot, Inc. (NYSE:LDI ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Gerhard Erdelji - SVP, IR Frank Martell - President and CEO Pat Flanagan - CFO Jeffrey DerGurahian - CIO Jeff Walsh - LDI Mortgage President Conference Call Participants Kyle Joseph - Jefferies Taylor DeBey - Raymond James Operator Good afternoon, and welcome to loanDepot's First Quarter 2023 Earnings Call. [Operator Instructions] I would now like to turn the call over to Gerhard Erdelji, Senior Vice President, Investor Relations.

loanDepot, Inc. (LDI) Q1 2023 Earnings Call Transcript

LoanDepot (LDI) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to loss of $0.26 per share a year ago.

News for loanDepot Stock (LDI)