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.

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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.

Loandepot (NYSE: LDI) stock price has been in a strong sell-off in the past few months as concerns about the mortgage industry continue. The shares plunged from a high of $3 in February to a low of $1.38.

Loandepot stock investors beware: insiders are dumping shares

loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI) is proud to announce it ranks as the third largest mortgage lender in America by units of funded loans, according to 2022 Home Mortgage Disclosure Act (HMDA) data collected by the Consumer Financial Protection Bureau (CFPB). The HMDA data includes purchase, refinance and home improvement mortgages.

loanDepot ranks third by units among largest mortgage lenders in America, according to 2022 HMDA data

Board Size to be Temporarily Increased from Eight to Nine Directors, with Steven Ozonian Joining the Board Immediately Ozonian, Andrew Dodson and Pamela Hughes Patenaude to be Nominated for Election at the 2023 Annual Meeting IRVINE, Calif. , April 4, 2023 /PRNewswire/ -- loanDepot, Inc. ("loandepot," "LDI" or the "Company") (NYSE: LDI) today announced that it has entered into a settlement and cooperation agreement with Anthony Hsieh, LDI's Chairman of the Board, founder and largest shareholder.

loanDepot Announces Settlement and Cooperation Agreement with Anthony Hsieh

Sweepstakes recognizing "firsts" features grand prize trip to ALCS and NLCS with first-of-its-kind experience New partnership with Habitat to help families build and improve places to call home IRVINE, Calif. , March 30, 2023 /PRNewswire/ -- Returning for the third season as the Official Mortgage Provider of Major League Baseball, loanDepot unveiled its new "Ballpark Bingo: A Celebration of Firsts" campaign, featuring a sweepstakes that brings fans into the fun of America's favorite pastime.

loanDepot celebrates third season with Major League Baseball unveiling new campaign and beneficiary, Habitat for Humanity

IRVINE, Calif. , March 15, 2023 /PRNewswire/ -- Anthony Hsieh, the Founder and largest voting stockholder of loanDepot, Inc. (NYSE: LDI) ("loanDepot" or "the Company") issued the following statement today in relation to his nomination of Steve Ozonian ("Mr.

Anthony Hsieh Urges loanDepot Board to Cease Wasting Stockholder Capital

Official Mortgage Provider of Major League Baseball uses funds raised from 2021-2022 "Home Means Everything" RBI campaign to empower youth through education and sport IRVINE, Calif. , March 13, 2023 /PRNewswire/ -- Ahead of the Major League Baseball season, loanDepot, the Official Mortgage Provider of MLB, announced it will use funds raised during its 2021-2022 "Home Means Everything" RBI campaign to support revitalization projects at four local Boys & Girls Clubs across the country, as well as support the national organization in Atlanta, Ga.

loanDepot creates lasting impact for kids supporting Boys & Girls Clubs revitalization projects across the country

IRVINE, Calif. , March 9, 2023 /PRNewswire/ -- Anthony Hsieh, the Founder and largest voting stockholder of loanDepot, Inc. (NYSE: LDI) ("loanDepot" or "the Company") issued the following statement after of LDI's fourth quarter (Q4) 2022 earnings call on Wednesday, March 8, 2023.

Anthony Hsieh Reminds loanDepot Board to Concentrate on Company's Long-Term Success

loanDepot, Inc. (NYSE:LDI ) Q4 2022 Earnings Conference Call March 8, 2023 5:00 PM ET Company Participants Gerhard Erdelji - SVP, IR Frank Martell - President and CEO Patrick Flanagan - CFO Jeff Walsh - LDI Mortgage President Conference Call Participants Doug Harter - Credit Suisse Brad Capuzzi - Piper Sandler Kyle Joseph - Jefferies Blake Netter - Morgan Stanley Bob Napoli - William Blair Operator Good afternoon, and welcome to loanDepot's Year-end and Fourth Quarter 2022 Conference Call. [Operator Instructions].

loanDepot, Inc. (LDI) Q4 2022 Earnings Call Transcript

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.

loanDepot announces year-end and fourth quarter 2022 financial results

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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.

loanDepot, Inc. to report year-end and fourth quarter 2022 financial results on March 8, 2023

Move advances Vision 2025 strategy, allowing for greater operational efficiency and diversification of revenue streams IRVINE, Calif. , Feb. 21, 2023 /PRNewswire/ -- Creating the best possible experience for customers, loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), has successfully migrated 100 percent of mortgage loans serviced by its third-party sub-servicer to its in-house platform.

loanDepot completes migration of all mortgage loans to in-house servicing platform to support a best-in-class customer experience

Benefit can save customers thousands of dollars on future refinance transactions  IRVINE, Calif. , Feb. 16, 2023 /PRNewswire/ -- Following the successful launch of its digital home equity line of credit (HELOC), loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), has expanded its Lifetime Guarantee to its HELOC customers.

Home means everything for life: loanDepot brings unique Lifetime Guarantee to its HELOC customers

Wilmington, Delaware--(Newsfile Corp. - February 8, 2023) - Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of loanDepot, Inc. (NYSE: LDI) on behalf of stockholders.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-loandepot-inc.To contact Seth D. Rigrodsky or Gina M. Serra cost free, call or text (302) 295-5310 or email info@rl-legal.com.Rigrodsky Law, P.A.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating loanDepot, Inc.

IRVINE, Calif. , Feb. 8, 2023 /PRNewswire/ -- Anthony Hsieh, the Founder and largest voting stockholder of loanDepot, Inc. (NYSE: LDI) ("loanDepot" or "the Company") issued the following statement to correct the record with respect to certain matters referenced in loanDepot's press release of February 8.

Anthony Hsieh Corrects the Record on loanDepot's Inaccurate Claims

Hsieh steps down as Executive Chairman IRVINE, Calif. , Feb. 8, 2023 /PRNewswire/ -- loanDepot, Inc. ("LDI" or the "Company") (NYSE: LDI) today announced that Anthony Hsieh has stepped down as Executive Chairman, pursuant to a mutual agreement unanimously approved by LDI's Board of Directors.

loanDepot Responds to Anthony Hsieh's Proxy Contest

IRVINE, Calif. , Feb. 7, 2023 /PRNewswire/ -- Anthony Hsieh, the Founder of loanDepot, Inc. (NYSE: LDI) ("loanDepot" or "the Company"), who holds over 40% of the economic interest and approximately 57% of the combined voting power of the Company, today announced in a letter to loanDepot stockholders that he has nominated Steven Ozonian for election to the Company's Board at the Company's 2023 Annual Meeting of Stockholders.

Anthony Hsieh, Founder and Controlling Stockholder of loanDepot, Sends Letter to Fellow Stockholders Nominating Steve Ozonian for Election as an Independent Director

IRVINE, Calif. , Feb. 2, 2023 /PRNewswire/ -- loanDepot, Inc. (NYSE: LDI) ("loanDepot" or the "Company"), one of the nation's largest non-bank retail mortgage lenders, today issued the following statement from CEO Frank Martell on the news that Pamela Hughes Patenaude, an independent director on the Company's Board of Directors, has been appointed as the Chair of the Home Builders Institute's (HBI) Board of Trustees.

loanDepot Director Pamela Hughes Patenaude Named Board Chair of Home Builders Institute

Black Knight

loanDepot will begin migration to Black Knight's cloud-based version of the Empower loan origination system (LOS) in mid-2023, with conversion expected to be complete in 2024 Empower will complement loanDepot's proprietary mello ecosystem, ensuring the company continues to delight customers and provide best-in-class tools to originators and loan professionals Leveraging Black Knight's expertise and system flexibility, loanDepot's migration to Empower is expected to reduce the company's cost to produce and further increase efficiency and quality JACKSONVILLE, Fla. , Jan. 19, 2023 /PRNewswire/ -- Today, Black Knight, Inc. (NYSE:BKI) announced it will be integrated with loanDepot's next generation of lending services as the company migrates some of its backend operations to Black Knight's scalable and secure cloud-based Empower loan origination system (LOS).

Industry Leader Black Knight to Help Fuel loanDepot's Next Generation of Lending Services

Index includes the most powerful people in the residential real estate industry IRVINE, Calif. , Jan. 18, 2023 /PRNewswire/ -- loanDepot, Inc.'s ("LDI" or "Company") (NYSE: LDI) Founder and Executive Chairman Anthony Hsieh and President and CEO Frank Martell were recognized on Inman's inaugural 2023 "Power Player" list, which salutes the most innovative and influential leaders "whose ingenuity, strength, conviction and persistence are driving change across the real estate industry.

loanDepot's Anthony Hsieh and Frank Martell recognized among Inman's 2023 "Power Players"

IRVINE, Calif. , Dec. 21, 2022 /PRNewswire/ -- In a significant legal victory for loanDepot ("LDI") (NYSE: LDI), the United States District Court for the Northern District of Illinois (the "Court") yesterday granted LDI a preliminary injunction against CrossCountry Mortgage, LLC and six former loanDepot employees now employed by CrossCountry (the "Defendants").

loanDepot wins preliminary injunction against CrossCountry Mortgage

Amid inflation and rising consumer debt, findings show American households would put their HELOC funds to use quickly, ranking home upgrades and renovations as the top use IRVINE, Calif. , Dec. 15, 2022 /PRNewswire/ -- A new survey from loanDepot, one of the nation's largest non-bank retail mortgage lenders, shows an opportunity for American homeowners to better utilize their home equity to manage pain points due to inflation, rising consumer debt, and other financial concerns.

New survey from loanDepot illustrates how Home Equity Lines of Credit (HELOCs) can alleviate financial pressures for American homeowners

Tools include credit monitoring, home search, access to real estate professionals, and educational resources First-time homebuyers can get pre-approved and receive up to $4,500 in cash and incentives IRVINE, Calif. , Nov. 16, 2022 /PRNewswire/ -- Sustained housing shortages, elevated home prices, soaring interest rates and inflation continue to erode home affordability, and disproportionately impact first-time homebuyers.

loanDepot supports first-time buyers with dedicated portal that propels them on the path to homeownership

FOOTHILL RANCH, Calif. , Nov. 11, 2022 /PRNewswire/ -- VA home loans may offer a host of important advantages to United States Military veterans and active-duty servicemen and women, but persistent misperceptions and misunderstanding often prevent their use by those who are intended to benefit.

loanDepot forms VA Council to serve US military veterans and active-duty service members on the path to home ownership

loanDepot (LDI) delivered earnings and revenue surprises of -42.31% and 1.38%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for loanDepot Stock (LDI)