loanDepot(LDI)

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loanDepot(LDI) - 2024 Q1 - Quarterly Results
2024-05-07 20:01
IRVINE, Calif., May 7, 2024 - 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 results for the first quarter ended March 31, 2024. "We exited 2023 with positive top-line momentum and continued to make progress toward our Vision 2025 goals, including forward looking investments in our people, products and technology platforms ...
loanDepot(LDI) - 2023 Q4 - Annual Report
2024-03-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to _____ Commission File Number: 001-40003 loanDepot, Inc. (Exact Name of Registrant as Specified in Its Charter) | Delaware | | 85-3948939 | | --- | --- | -- ...
loanDepot's Toy Eng Named Top Producer on State of New York Mortgage Agency's 2023 Hall of Fame
Businesswire· 2024-03-13 19:55
loanDepot 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. (Photo: Business Wire)loanDepot 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. (Photo: Business Wire)IRVINE, Calif.--(BUSINESS WIRE)--loanD ...
LoanDepot Invests in Technology to Prepare for Mortgage Industry Rebound
PYMNTS· 2024-03-13 01:33
LoanDepot is investing in technology as it prepares for a rebound in industrywide mortgage origination volumes.While the provider of home lending solutions reduced its expenses by 36% in 2023, right-sizing itself for today’s lower market volumes, it also invested in platforms and systems to boost productivity, loanDepot President and CEO Frank Martell said Tuesday (March 12) during the company’s quarterly earnings call.“Looking ahead, we expect higher levels of automation and the benefit of productivity pro ...
Compared to Estimates, loanDepot (LDI) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-03-12 23:00
For the quarter ended December 2023, loanDepot (LDI) reported revenue of $228.63 million, up 34.8% over the same period last year. EPS came in at -$0.16, compared to -$0.46 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $239.4 million, representing a surprise of -4.50%. The company delivered an EPS surprise of -166.67%, with the consensus EPS estimate being -$0.06.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
LoanDepot (LDI) Reports Q4 Loss, Lags Revenue Estimates
Zacks Investment Research· 2024-03-12 22:15
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -166.67%. A quarter ago, it was expected that this lender would post a loss of $0.08 per share when it actually produced a loss of $0.15, delivering a surprise of -87.50%.Over the last four quarters, the company has not been able ...
loanDepot CMO Alec Hanson Named a 2024 Inman "Marketing All-Star"
Businesswire· 2024-03-12 18:15
IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), a leading provider of home lending solutions that enables customers to achieve the dream of homeownership, announced that Chief Marketing Officer Alec Hanson was named a 2024 Inman Marketing All-Star. The award celebrates “the most effective, creative and boundary-pushing marketers that drive success and impact,” according to Inman. “Since taking the reigns as CMO last year, Alec and his team have created a real competitiv ...
loanDepot and Miami Marlins Foundation Continue Support for Boys & Girls Clubs of Miami-Dade Through "Runs Scored" Program
Businesswire· 2024-03-11 19:15
MIAMI--(BUSINESS WIRE)--loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), the Official Naming Rights partner of the home of the Miami Marlins and the Official Mortgage Provider of the team, has announced the return of its “Runs Scored” program with the Miami Marlins Foundation. For the fourth consecutive year, the organizations are pledging $50 to Boys & Girls Clubs of Miami-Dade for every Marlins run scored at loanDepot park. Runs Scored supports the Marlins Nike Jr. RBI little league program, an invita ...
loanDepot(LDI) - 2023 Q4 - Annual Results
2024-03-11 16:00
loanDepot announces fourth quarter and year-end 2023 financial results 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: Fourth quarter 2023 highlights: IRVINE, Calif., March 12, 2023 - loanDepot, Inc. (NYSE: LDI), (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of lending solutions that make the American dream of ...
Seeking Clues to loanDepot (LDI) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-03-07 15:16
Wall Street analysts forecast that loanDepot (LDI) will report quarterly loss of $0.07 per share in its upcoming release, pointing to a year-over-year increase of 84.8%. It is anticipated that revenues will amount to $239.4 million, exhibiting an increase of 41.1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to ...