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 ...

• Maintaining strong balance sheet liquidity (1) CAGR includes annualized volume for 2010 Source: Historical market share based on MBA industry volume as of 2/20/2024 and historical loanDepot origination volume ORIGINATION GROWTH RELATIVE TO INDUSTRY ($ in billions) Total Market Share (%) 2.8% 3.4% $36 $37 $33 $41 $30 $34 $30 $32 $23 $29 $20 $22 $12 $16 $9 $10 $4 $6 $5 $5 $6 $6 $6 $6 $4 $5 346 369 264 299 281 213 150 203 221 226 285 293 296 50 100 150 200 250 300 350 400 $10 $20 $30 $40 $50 $60 $70 $80 - $0 ...

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) 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 ...

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 ...

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 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 ...

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 ...

IRVINE, Calif.--(BUSINESS WIRE)--Female finance leaders from loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), have begun mentoring high school students in the Anaheim Union School District through the American Heart Association’s (AHA) STEM Goes Red initiative. The initiative was created to inspire young women to follow their passions and incorporate STEM into their career paths by exposing them to motivating female influencers who can share career experience and insights. loanDepot SVP of Accounting Sy ...

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, has received HousingWire’s 2024 “Tech 100 Mortgage” award, celebrating the most innovative and impactful organizations in housing. loanDepot received the honor for the continued advancement of its industry-leading proprietary mello platform, a technology-driven ecosystem that delivers ease, speed, and hassle-free transac ...