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.

Shares of LoanDepot Inc. LDI, -12.05% rallied 4.1% in premarket trading Tuesday, after the online mortgage company said it was moving to "aggressively rightsize" its cost structure as mortgage originations have contracted "sharply and abruptly" in 2022. The company said it is implementing a program to generate annualized savings of $375 million to $400 million by the end of 2022, through job cuts, attrition, business process optimization, reduced marketing and real estate consolidation.

LoanDepot to cut 2,000 more jobs this year as decline in mortgage originations seen accelerating

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 Vision 2025 plan designed to address current and anticipated mortgage market conditions and position the Company for sustainable long-term value creation.

loanDepot announces Vision 2025 plan to address current and anticipated market conditions and position company for long-term value creation

Recognition reflects the company's ongoing commitment to diversity and inclusion in home ownership FOOTHILL RANCH, Calif. , June 29, 2022 /PRNewswire/ -- loanDepot is among the top lenders with the highest number of loan originators on the National Association of Hispanic Real Estate Professionals' (NAHREP®) latest "Top 250 Latino Mortgage Originators" report.

loanDepot among top lenders on NAHREP's "Top 250 Latino Mortgage Originator" report

But that's not the only problem the company is facing.

Rising Interest Rates Rock loanDepot

loanDepot, Inc.(NYSE:LDI ) Q1 2022 Earnings Conference Call May 10, 2022 11:00 AM ET Company Participants Gerhard Erdelji - Senior Vice President, Investor Relations Anthony Hsieh - Founder, Executive Chairman Frank Martell - President and Chief Executive Officer Patrick Flanagan - Chief Financial Officer Jeff DerGurahian - Chief Capital Markets Officer Jeff Walsh - Chief Revenue Officer Conference Call Participants Doug Harter - Credit Suisse Kevin Barker - Piper Sandler Trevor Cranston - JMP Securities Bob Napoli - William Blair Arren Cyganovich - Citi Courtney Bahlman - Barclays Blake Munger - Morgan Stanley Derek Hewett - Bank of America Operator Good morning. And welcome everyone to loanDepot's First Quarter 2022 Conference Call.

loanDepot, Inc. (LDI) CEO Frank Martell on Q1 2022 Results - Earnings Call Transcript

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.

loanDepot announces first quarter 2022 financial results

Innovative new products will give customers fast and frictionless access to financing during all of life's critical moments Rising interest rates and high inflation make home equity lines of credit a smart source of capital for many homeowners Consumers will apply and get approved online in a matter of minutes and gain access to funds in as little as seven days Company's unrivaled mix of assets—including sophisticated top-of-funnel marketing engine, nearly 3,000 licensed loan officers, proprietary tech stack and national brand—position mello to efficiently fulfill customer demand FOOTHILL RANCH, Calif. , May 3, 2022 /PRNewswire/ -- loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), today announced its mello business unit will launch a series of innovative, digital-first, secured and unsecured lending products designed to help consumers easily and conveniently access their funds in as little as seven days.

loanDepot to launch all-digital mello HELOC

loanDepot has seen a real bust since its IPO last year. Shares have fallen as the IPO coincided with the pandemic ending.

loanDepot: A Not So Popular, But Interesting, Play

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.

loanDepot, Inc. to report first quarter 2022 financial results on May 10, 2022

Hsieh has served as CEO and Chairman of loanDepot since inception and remains the Company's largest shareholder; as President and CEO, Martell will lead the management team and oversee daily company operations FOOTHILL RANCH, Calif. , April 26, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE: LDI) ("loanDepot" or the "Company") today announced an executive leadership addition designed to further fuel the Company's premier position as a leading provider of homeownership products and services.

Founder Anthony Hsieh Named Executive Chairman of loanDepot, Inc., Industry Veteran Frank Martell Assumes Newly Created President and CEO Role

LoanDepot (LDI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate loanDepot (LDI) to Report a Decline in Earnings: What to Look Out for

NEW YORK--(BUSINESS WIRE)-- #Class--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against loanDepot, Inc. (NYSE: LDI) on behalf of long-term stockholders following a class action complaint that was filed against loanDepot on September 3, 2021 with a Class Period relating to the company's February 16, 2021 IPO. Our investigation concerns whether the board of directors of loanDepot have breached their fiduciary duties to the company

LOANDEPOT ALERT: Bragar Eagel & Squire, P.C. is Investigating loanDepot, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

FOOTHILL RANCH, Calif., March 14, 2022 /PRNewswire/ -- loanDepot, Inc. (the "Company," NYSE: "LDI," together with its subsidiaries, "loanDepot") today announced that it has declared a regular cash dividend of $0.08 per share on its Class A common stock and Class D common stock (the "Dividend").

loanDepot Declares Regular Cash Dividend of $0.08 Per Share

FOOTHILL RANCH, Calif., March 10, 2022 /PRNewswire/ -- Today, loanDepot Founder and LDI Chairman and CEO Anthony Hsieh unveiled a new company operating unit: mello.

loanDepot, Inc (LDI) Announces New Operating Unit: mello®

FOOTHILL RANCH, Calif., March 3, 2022 /PRNewswire/ -- Min Kim, a 10-year veteran of Team loanDepot who has been a key driver of the company's direct lending marketing organization, has been promoted to EVP, Marketing and Analytics.

loanDepot promotes Min Kim to EVP, Marketing and Analytics

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FOOTHILL RANCH, Calif., Feb. 17, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE: LDI) today announced that Founder and Chief Executive Officer Anthony Hsieh has personally invested a total of $16.2 million to purchase 3.2 million shares of loanDepot class A common stock since November 2021.

loanDepot founder and CEO Anthony Hsieh completes purchases of 3.2 million shares of company stock

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loanDepot, Inc. (LDI) CEO Anthony Hsieh on Q4 2021 Results - Earnings Call Transcript

The company reported fourth-quarter and full-year earnings results for 2021.

Why Shares of loanDepot Are Falling Today

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.

loanDepot announces year-end and fourth quarter 2021 financial results

FOOTHILL RANCH, Calif., Jan. 31, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE: LDI) today announced the closing of Mello Mortgage Capital Acceptance 2022-INV1, a $597 million securitization of agency-eligible mortgages secured by residential investment properties, originated through its retail and partner channels.

loanDepot announces closing of $597 million securitization of agency-eligible residential investment property mortgages

FOOTHILL RANCH, Calif., Jan. 25, 2022 /PRNewswire/ -- loanDepot, the nation's second largest non-bank retail lender, and its Executive Vice President of National Joint Ventures Dan Peña, are supporting the development of young talent through an innovative program at Northern Arizona University's (NAU) W.A.

loanDepot executive cultivates talent pipeline through Northern Arizona University's Professional Selling Program

FOOTHILL RANCH, Calif., Jan. 21, 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 that Elijah Pallante has been promoted to Chief Data Officer.

News for loanDepot Stock (LDI)