LoanDepot expects the mortgage industry to continue facing a challenging environment.Recent interest rate increases have reduced industry forecasts for market volumes for the year, the company said in a Tuesday (May 7) earnings release.“Since our last call, the expectations for lower interest rates have been pushed out from early to mid-2024 to later 2024,” Frank Martell, president and CEO of loanDepot, said Tuesday during the company’s quarterly earnings call. “The higher-for-longer stance by the Federal R ...

loanDepot, Inc. (NYSE:LDI) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Gerhard Erdelji - Senior Vice President-Investor Relations Frank Martell - President & Chief Executive Officer Dave Hayes - Chief Financial Officer Conference Call Participants Doug Harter - UBS Kyle Joseph - Jefferies Operator Good afternoon and welcome to loanDepot's First Quarter 2024 Earnings Call. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions] I woul ...

For the quarter ended March 2024, loanDepot (LDI) reported revenue of $222.79 million, up 7.2% over the same period last year. EPS came in at -$0.21, compared to -$0.25 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $232.65 million, representing a surprise of -4.24%. The company delivered an EPS surprise of -250.00%, with the consensus EPS estimate being -$0.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

DISCLAIMER This press release may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, our business strategies, including the Vision 2025 plan, including our expanded productivity program, our progress toward run-rate profitability, our HELOC product, financial condition and liquidity, competitive position, industry and regulatory environment, potential growth opportunities, the effects of competition, the impact of the cybersecurity incident tha ...

LoanDepot (LDI) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -250%. A quarter ago, it was expected that this lender would post a loss of $0.06 per share when it actually produced a loss of $0.16, delivering a surprise of -166.67%.Over the last four quarters, the company has not been able t ...

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 ...

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 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 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 ...

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 ...