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 is proud to be a presenting sponsor of Habitat for Humanity's annual Home is the Key cause marketing campaign.

loanDepot Supports Habitat for Humanity's Work to Create Equitable, Inclusive Communities as a Presenting Sponsor of “Home is the Key”

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has brought its popular “Ballpark Bingo: A Celebration of Firsts' campaign” back for a second year.

loanDepot and Major League Baseball Bring “Ballpark Bingo” Back to Fans for the 2024 Season

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI) originator Toy Eng earned the top spot on the State of New York Mortgage Agency's (SONYMA) 2023 Hall of Fame list recognizing loan officers who support the agency's mission to serve first-time homebuyers. loanDepot is a leading provider of home lending solutions that enables customers to achieve the dream of homeownership. SONYMA provides educational resources and access to affordable homeownership by removing man.

loanDepot's Toy Eng Named Top Producer on State of New York Mortgage Agency's 2023 Hall of Fame

loanDepot, Inc. (LDI) Q4 2023 Earnings Call Transcript

LoanDepot is investing in technology as it prepares for a rebound in industrywide mortgage origination volumes.

LoanDepot Invests in Technology to Prepare for Mortgage Industry Rebound

Although the revenue and EPS for loanDepot (LDI) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, loanDepot (LDI) Q4 Earnings: A Look at Key Metrics

LoanDepot (LDI) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.46 per share a year ago.

LoanDepot (LDI) Reports Q4 Loss, Lags Revenue Estimates

IRVINE, Calif.--(BUSINESS WIRE)---- $LDI #LDI--loanDepot announces fourth quarter and year-end 2023 financial results.

loanDepot Announces Fourth Quarter and Year-End 2023 Financial Results

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot announced that Chief Marketing Officer Alec Hanson was named a 2024 Inman Marketing All-Star.

loanDepot CMO Alec Hanson Named a 2024 Inman “Marketing All-Star”

Besides Wall Street's top -and-bottom-line estimates for loanDepot (LDI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Seeking Clues to loanDepot (LDI) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

IRVINE, Calif.--(BUSINESS WIRE)---- $LDI #LDI--loanDepot, Inc. to report fourth quarter and year-end 2023 financial results on March 12, 2024.

loanDepot, Inc. to Report Fourth Quarter and Year-End 2023 Financial Results on March 12, 2024

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has received HousingWire's 2024 “Tech 100 Mortgage” award, celebrating the most innovative and impactful organizations in housing.

loanDepot earns HousingWire's 2024 Tech100 Mortgage award

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has been selected as one of National Mortgage Professional Magazine's “Diversity Leaders” for 2024.

loanDepot recognized as a 2024 Diversity Leader by National Mortgage Professional Magazine

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot Executive Director Dan Hanson will be inducted to the California Homebuilding Foundation's Hall of Fame.

loanDepot's Dan Hanson inducted to California Homebuilding Foundation's Hall of Fame

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot President and CEO Frank Martell was recognized on Inman's 2024 “Power Players” list.

loanDepot President and CEO Frank Martell recognized among Inman's 2024 “Power Players” for second consecutive year

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. (“LDI” or “Company”) (NYSE: LDI), a leading provider of home lending solutions, today provided an update on the cyber incident it disclosed on January 8, 2024. The Company has been working diligently with outside forensics and security experts to investigate the incident and restore normal operations as quickly as possible. The Company has made significant progress in restoring our loan origination and loan servicing systems, including our Myloan.

loanDepot Provides Update on Cyber Incident

LoanDepot continues to deal with a cybersecurity incident that began Jan. 8. Customers said on social media and forums that they have been unable to access their online accounts, submit mortgage payments or close deals since that time, TechCrunch reported Friday (Jan. 19).

LoanDepot Continues to Restore Business Operations Amid Cybersecurity Incident

loanDepot (LDI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here Is Why Bargain Hunters Would Love Fast-paced Mover loanDepot (LDI)

Mortgage company loanDepot experienced a cybersecurity incident on Monday (Jan. 8). In a cyber incident update posted on its website on Monday at 6 a.m.

loanDepot Says Cybersecurity Incident Accessed Some Systems, Encrypted Data

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot announced its mellohome real estate affiliate has partnered with top providers in the solar, home improvement, and home maintenance spaces.

loanDepot's mellohome Launches Partnerships for Solar Installation, Home Improvement and Maintenance Services

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot has been named in Orange County Business Journal's fourth annual “Companies That Care” report.

loanDepot featured in Orange County Business Journal's fourth annual report on “Companies That Care”

Consumers accuse companies of misrepresentation on loan payments DALLAS , Dec. 13, 2023 /PRNewswire/ -- Noted trial attorney  Rogge Dunn has filed two class action lawsuits in state court in Dallas County against Loan Depot, Inc., and Cardinal Financial Corporation alleging the companies violated the Texas Deceptive Trade Practices Act, as well as claims of negligent misrepresentation and gross negligence against Texas homeowners. According to the lawsuit, Loan Depot, Inc. (NYSE: LDI) and Cardinal Financial Corporation (NASDAQ: CFNL) provided financial services to hundreds of thousands of individuals to induce them into entering refinancing agreements where they would encourage borrowers to skip the first one or two payments on their new loan, resulting in the borrower paying added interest over the course of the loan.

Loan Depot, Inc. and Cardinal Financial Corporation Face Class Action Disputes Over Deceptive Practices

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot unveiled its fully automated melloNow underwriting engine, which can deliver a fully conditional loan approval in minutes.

loanDepot Introduces New Digital Underwriting Engine That Delivers Conditional Loan Approval in Minutes

IRVINE, Calif.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot's CIO George Brady received HousingWire's 2023 “Tech Trendsetters” award.

loanDepot CIO George Brady honored with HousingWire's 2023 Tech Trendsetters award

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