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, 2021 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ 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 (State or other jurisdic ...

loanDepot, Inc. (NYSE:LDI) Q4 2021 Earnings Conference Call February 1, 2021 11:00 AM ET Company Participants Gerhard Erdelji - SVP, IR Anthony Hsieh - Founder and CEO Patrick Flanagan - CFO Jeff Walsh - Chief Revenue Officer Conference Call Participants Doug Harter - Credit Suisse Kevin Barker - Piper Sandler James Faucette - Morgan Stanley Trevor Cranston - JMP securities Arren Cyganovich - Citigroup Stephen Sheldon - William Blair Mark DeVries - Barclays John Davis - Raymond James Ryan Nash - Goldman Sac ...

LOANDEPOT, INC. (NYSE: LDI) Q4 2021 EARNINGS PRESENTATION February 1, 2022 loan bepot DISCLAIMER Forward-Looking Statements and Other Information This presentation may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, its operations and financial performance. You can identify these statements by the use of words such as "outlook," "potential," "continue," "may," "seek," "approximately," "predict," "believe," "expect," "plan," "intend," "estima ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents loanDepot, Inc.'s unaudited consolidated financial statements for Q3 and 9M 2021, including balance sheets, operations, equity, cash flows, and detailed accounting notes [Consolidated Financial Statements](index=4&type=section&id=Consolidated%20Financial%20Statements) These statements detail the company's financial position, performance, and cash flows, showing asset growth but a significant decline in net income for Q3 and 9M 2021 Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$12,749,278** | **$10,893,228** | | Cash and cash equivalents | $506,608 | $284,224 | | Loans held for sale, at fair value | $8,873,736 | $6,955,424 | | Servicing rights, at fair value | $1,841,512 | $1,127,866 | | **Total Liabilities** | **$11,091,114** | **$9,236,615** | | Warehouse and other lines of credit | $8,212,142 | $6,577,429 | | Debt obligations, net | $1,408,751 | $712,466 | | **Total Equity** | **$1,658,164** | **$1,656,613** | Consolidated Statement of Operations Highlights (in thousands) | Metric | Q3 2021 | Q3 2020 | 9M 2021 | 9M 2020 | | :--- | :--- | :--- | :--- | :--- | | Total net revenues | $923,756 | $1,368,930 | $3,019,678 | $3,013,780 | | Gain on origination and sale of loans, net | $821,275 | $1,251,141 | $2,647,328 | $2,767,140 | | Total expenses | $744,771 | $640,014 | $2,364,054 | $1,546,384 | | Net income | $154,277 | $728,349 | $608,414 | $1,465,939 | | Diluted EPS | $0.40 | N/A | $0.82 | N/A | Consolidated Statement of Cash Flows Highlights (Nine Months Ended, in thousands) | Cash Flow Activity | Sep 30, 2021 | Sep 30, 2020 | | :--- | :--- | :--- | | Net cash used in operating activities | $(2,058,838) | $(418,143) | | Net cash provided by (used in) investing activities | $288,792 | $(13,302) | | Net cash provided by financing activities | $1,885,770 | $1,021,847 | [Notes to Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) These notes explain loanDepot's accounting policies, business operations, financial instruments, and significant concentration risks following its February 2021 IPO - The company's primary income sources are gains on the origination and sale of residential mortgage loans, loan servicing income, and fees from settlement services[30](index=30&type=chunk) - Following its IPO in February 2021, loanDepot, Inc. became a holding company whose sole material asset is an equity interest in LD Holdings. The company now consolidates LD Holdings' financial results and allocates a portion of net earnings to noncontrolling interests[31](index=31&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk) - The company has significant concentration risk, with three investors accounting for **41%**, **33%**, and **14%** of loan sales for the nine months ended September 30, 2021. Additionally, **29%** of total loan originations in Q3 2021 were for properties in California[56](index=56&type=chunk)[57](index=57&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=45&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, market conditions, and liquidity, noting strong origination volume but compressed gain-on-sale margins compared to the prior year [Key Performance Indicators](index=46&type=section&id=Key%20Performance%20Indicators) Key performance indicators track loan origination volumes, gain on sale margins, and servicing portfolio metrics, showing increased originations but compressed margins Key Performance Indicators (in thousands, except percentages and units) | Metric | Q3 2021 | Q3 2020 | 9M 2021 | 9M 2020 | | :--- | :--- | :--- | :--- | :--- | | **Loan Originations** | **$31,985,805** | **$27,157,669** | **$107,959,122** | **$63,364,799** | | - Purchase | $11,008,399 | $8,546,295 | $29,307,875 | $18,487,155 | | - Refinance | $20,977,406 | $18,611,374 | $78,651,247 | $44,877,644 | | **Gain on sale margin** | **2.84%** | **4.87%** | **2.71%** | **4.63%** | | **Total servicing portfolio (UPB)** | **$145,305,182** | **$77,171,998** | **$145,305,182** | **$77,171,998** | | 60+ days delinquent (%) | 1.16% | 2.69% | 1.16% | 2.69% | [Results of Operations](index=49&type=section&id=Results%20of%20Operations) Operating results show a significant decline in net income for Q3 and 9M 2021, driven by compressed gain-on-sale margins and increased operating expenses - **Q3 2021 vs. Q3 2020:** Net income decreased by **$574.1 million** (**78.8%**) primarily due to a **$429.9 million** decrease in gain on origination and sale of loans, net, and a **$104.8 million** increase in total expenses. Industry overcapacity and competitive pressure led to lower gain on sale margins[208](index=208&type=chunk)[209](index=209&type=chunk) - **9M 2021 vs. 9M 2020:** Net income decreased by **$857.5 million** (**58.5%**) as total expenses grew by **$817.7 million**, outpacing a **$5.9 million** increase in revenue. The expense increase was driven by higher personnel costs to support a **70.4%** increase in loan origination volume and higher marketing spend to build brand awareness[222](index=222&type=chunk) - Marketing and advertising expense increased by **118.4%** in Q3 2021 and **104.9%** in the first nine months of 2021 compared to the same periods in 2020. This was due to investments in acquired leads and major brand awareness campaigns, including partnerships with Major League Baseball (MLB)[216](index=216&type=chunk)[230](index=230&type=chunk) [Financial Condition](index=57&type=section&id=Financial%20Condition) Financial condition as of September 30, 2021, reflects asset growth primarily from loans held for sale and servicing rights, alongside increased liabilities from warehouse lines and debt - Loans Held for Sale increased by **27.6%** to **$8.9 billion**, reflecting loan originations of **$108.0 billion** outpacing sales of **$106.4 billion** during the first nine months of 2021[238](index=238&type=chunk)[242](index=242&type=chunk) - Servicing Rights, at fair value, grew by **63.3%** to **$1.8 billion**, driven by **$1.3 billion** in capitalized servicing rights from new originations[238](index=238&type=chunk)[244](index=244&type=chunk) - Debt obligations increased by **97.7%** to **$1.4 billion**, primarily due to the issuance of **$600.0 million** in 2028 Senior Notes[238](index=238&type=chunk)[251](index=251&type=chunk) [Liquidity and Capital Resources](index=59&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is primarily sourced from warehouse lines, debt, and loan sales, with available capacity and cash supporting operations, while forbearance rates have decreased - As of September 30, 2021, the company had **$506.6 million** in unrestricted cash and cash equivalents and **$2.8 billion** in available capacity under its warehouse lines[253](index=253&type=chunk) - The active forbearance portion of the servicing portfolio decreased to **1.1%** (**$1.6 billion** UPB) as of September 30, 2021, from **2.4%** (**$2.4 billion** UPB) as of December 31, 2020[255](index=255&type=chunk) Contractual Obligations as of September 30, 2021 (in thousands) | Obligation | Total | Less than 1 Year | 1-3 years | 3-5 Years | More than 5 Years | | :--- | :--- | :--- | :--- | :--- | :--- | | Warehouse lines | $8,212,142 | $4,556,910 | $3,655,232 | $— | $— | | Secured debt obligations | $325,089 | $125,089 | $200,000 | $— | $— | | Senior notes | $1,100,000 | $— | $— | $500,000 | $600,000 | | Operating lease obligations | $84,749 | $26,515 | $36,184 | $14,650 | $7,400 | | Naming and promotional rights | $124,828 | $19,030 | $44,826 | $31,222 | $29,750 | | **Total** | **$9,846,808** | **$4,727,544** | **$3,936,242** | **$545,872** | **$637,150** | [Quantitative and Qualitative Disclosures About Market Risk](index=65&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces primary market risks from interest rate fluctuations, credit risk on sold loans, and prepayment risk affecting servicing rights, managed through hedging and reserves - The company's main market exposure is interest rate risk, which affects the value of its **Loans Held for Sale (LHFS)**, **Interest Rate Lock Commitments (IRLCs)**, and **servicing rights**[297](index=297&type=chunk) - To manage interest rate risk associated with IRLCs and LHFS, the company enters into hedging instruments, such as forward sales contracts, with the expectation that their value will move opposite to the hedged items[299](index=299&type=chunk) - Credit risk is managed through a provision for losses on representations and warranties for sold loans. The level of this reserve requires significant management judgment and depends on economic factors and investor demand[300](index=300&type=chunk)[301](index=301&type=chunk) [Controls and Procedures](index=68&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2021, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that as of September 30, 2021, the company's disclosure controls and procedures were effective at a reasonable assurance level[308](index=308&type=chunk) - There were no changes during the quarter that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[309](index=309&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=68&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various ordinary course legal actions but is not currently subject to any material legal proceedings - The company is party to various legal actions that arise in the ordinary course of business but is not currently subject to any material legal proceedings[311](index=311&type=chunk) [Risk Factors](index=68&type=section&id=Item%201A.%20Risk%20Factors) No material changes or updates have occurred to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2020 - No material changes to the risk factors disclosed in the 2020 Form 10-K have occurred[312](index=312&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=68&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the conversion of Class C common stock into Class A common stock during Q3 2021, exempt from registration under Section 3(a)(9) of the Securities Act - During Q3 2021, the company issued shares of Class A common stock upon the conversion of Class C common stock and corresponding Holding Units on three separate occasions: - July 1, 2021: **1,606 shares** - August 2, 2021: **3,882,188 shares** - September 1, 2021: **3,136,229 shares**[314](index=314&type=chunk)[315](index=315&type=chunk) [Defaults Upon Senior Securities](index=69&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) Not applicable [Mine Safety Disclosures](index=69&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) Not applicable [Other Information](index=69&type=section&id=Item%205.%20Other%20Information) Not applicable [Exhibits](index=69&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of the Form 10-Q report, including corporate governance documents, debt agreements, and officer certifications

loanDepot, Inc. (NYSE:LDI) Q3 2021 Earnings Conference Call November 1, 2021 11:00 AM ET Company Participants Gerhard Erdelji - Senior Vice President, Investor Relations Anthony Hsieh - Founder and CEO Patrick Flanagan - Chief Financial Officer Jeff DerGurahian - Chief Capital Markets Officer John Lee - Chief Analytics Officer Jeff Walsh - Chief Revenue Officer Conference Call Participants Doug Harter - Credit Suisse Brock Vandervliet - UBS Kevin Barker - Piper Sandler Bob Napoli - William Blair Trevor Cran ...

LOANDEPOT, INC. (NYSE: LDI) Q3 2021 EARNINGS PRESENTATION November 1, 2021 loan Depot DISCLAIMER Forward-Looking Statements and Other Information This presentation may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, its operations and financial performance. You can identify these statements by the use of words such as "outlook," "potential," "continue," "may," "seek," "approximately," "predict," "believe," "expect," "plan," "intend," "estima ...

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The report presents unaudited consolidated financial statements for loanDepot, Inc as of June 30, 2021, and for the corresponding three and six-month periods [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Total assets grew to $13.10 billion, driven by an increase in loans held for sale, while total equity slightly decreased to $1.57 billion Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2021 (Unaudited) | December 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$13,097,643** | **$10,893,228** | | Cash and cash equivalents | $419,283 | $284,224 | | Loans held for sale, at fair value | $9,120,653 | $6,955,424 | | Servicing rights, at fair value | $1,781,686 | $1,127,866 | | **Total Liabilities** | **$11,528,809** | **$9,236,615** | | Warehouse and other lines of credit | $8,498,365 | $6,577,429 | | Debt obligations, net | $1,473,309 | $712,466 | | **Total Equity** | **$1,568,834** | **$1,656,613** | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) Net income for Q2 2021 fell to $26.3 million due to lower loan sale gains and higher expenses, with a similar trend for the six-month period Key Operational Results (in thousands) | Metric | Q2 2021 | Q2 2020 | YTD 2021 | YTD 2020 | | :--- | :--- | :--- | :--- | :--- | | Total net revenues | $779,914 | $1,158,730 | $2,095,922 | $1,644,850 | | Gain on origination and sale of loans, net | $692,479 | $1,076,410 | $1,826,054 | $1,515,999 | | Total expenses | $749,405 | $509,245 | $1,619,283 | $906,370 | | **Net income** | **$26,284** | **$648,595** | **$454,137** | **$737,590** | | Net income attributable to loanDepot, Inc | $8,561 | $— | $53,436 | $— | | **Diluted EPS** | **$0.07** | **N/A** | **$0.42** | **N/A** | [Consolidated Statements of Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Equity) Total equity decreased to $1.57 billion, reflecting the impact of the IPO, net income, and significant distributions and dividends - The equity structure changed significantly due to the **IPO and reorganization** in early 2021, establishing Class A, C, and D common stock[24](index=24&type=chunk) - For the six months ended June 30, 2021, total equity was impacted by **net income of $454.1 million**, offset by **dividends and distributions of $400.3 million** and other adjustments related to the IPO[24](index=24&type=chunk)[29](index=29&type=chunk)[273](index=273&type=chunk) - Noncontrolling interest decreased from **$1.66 billion at year-end 2020 to $1.05 billion** at June 30, 2021, reflecting the reorganization and distributions[15](index=15&type=chunk)[24](index=24&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) The company saw a significant net cash outflow from operations of $2.27 billion, offset by financing inflows from increased borrowings Six Months Ended June 30, Cash Flow Summary (in thousands) | Cash Flow Activity | 2021 | 2020 | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | $(2,270,273) | $710,023 | | Net cash provided by (used in) investing activities | $145,669 | $(3,384) | | Net cash provided by (used in) financing activities | $2,272,633 | $(210,956) | | **Net change in cash** | **$148,029** | **$495,683** | [Notes to Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies, the IPO reorganization, fair value measurements, debt obligations, and the Tax Receivable Agreement - The company completed its **IPO on February 11, 2021**, which involved a significant reorganization of its equity structure, creating multiple classes of common stock and a noncontrolling interest in LD Holdings[32](index=32&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk) - Significant estimates are used in determining the fair value of key assets and liabilities, including loans held for sale, servicing rights, and derivatives, which are primarily classified as **Level 2 and Level 3** in the fair value hierarchy[47](index=47&type=chunk)[64](index=64&type=chunk) - The company is exposed to concentration risk, with **three investors accounting for 43%, 35%, and 13% of loan sales** in the first six months of 2021[59](index=59&type=chunk) - A Tax Receivable Agreement (TRA) was established, obligating the company to pay 85% of certain realized tax savings to pre-IPO owners; a **TRA liability of $12.9 million** was recognized as of June 30, 2021[39](index=39&type=chunk)[185](index=185&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=43&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses a transitional second quarter marked by lower gain on sale margins, strong origination volumes, and changes in financial condition [Key Factors and Performance Indicators](index=43&type=section&id=Key%20Factors%20and%20Performance%20Indicators) Company performance was impacted by competitive pressure on margins and interest rate changes, despite a significant increase in loan origination volume - The operating environment in Q2 2021 was characterized by **lower gain on sale margins** due to industry overcapacity and competitive pressure, particularly in the wholesale partner channel[196](index=196&type=chunk)[200](index=200&type=chunk) - The COVID-19 pandemic continues to pose risks, though the share of the servicing portfolio in active forbearance **decreased to 1.4% ($1.9B UPB)** as of June 30, 2021, from 2.4% at year-end 2020[197](index=197&type=chunk)[258](index=258&type=chunk) Key Performance Indicators (Q2 2021 vs Q2 2020) | Metric | Q2 2021 | Q2 2020 | | :--- | :--- | :--- | | Total Loan Originations | $34.5B | $21.0B | | Gain on Sale Margin | 2.28% | 5.39% | | Total Servicing Portfolio (UPB) | $138.8B | $57.9B | | 60+ Days Delinquent (%) | 1.42% | 2.66% | [Results of Operations](index=47&type=section&id=Results%20of%20Operations) Q2 2021 net income plummeted due to compressed gain on sale margins and higher operating expenses, which also impacted semi-annual results - **Q2 2021 net income decreased 95.9% YoY to $26.3 million**, primarily due to lower gain on sale margins and higher personnel and marketing expenses[212](index=212&type=chunk)[213](index=213&type=chunk) - Gain on origination and sale of loans for Q2 2021 **decreased by $383.9 million (35.7%) YoY**, driven by margin compression, despite a 64.0% increase in total origination volume[212](index=212&type=chunk)[213](index=213&type=chunk)[214](index=214&type=chunk) - Total expenses for Q2 2021 **increased by $240.2 million (47.2%) YoY**, led by a $129.4 million rise in personnel expense and a $58.3 million increase in marketing and advertising[212](index=212&type=chunk)[219](index=219&type=chunk)[220](index=220&type=chunk) - For the six months ended June 30, 2021, **net income decreased 38.4% YoY to $454.1 million**, as a $712.9 million (78.7%) increase in expenses overshadowed a $451.1 million (27.4%) increase in revenues[227](index=227&type=chunk) [Financial Condition, Liquidity, and Capital Resources](index=55&type=section&id=Financial%20Condition%2C%20Liquidity%2C%20and%20Capital%20Resources) The company maintained strong liquidity and available warehouse capacity despite significant growth in assets and liabilities funded by increased debt - Total assets grew to **$13.1 billion**, primarily due to a **$2.2 billion increase in Loans Held for Sale**, funded by a **$1.9 billion increase in Warehouse and other lines of credit**[242](index=242&type=chunk)[245](index=245&type=chunk)[250](index=250&type=chunk) - Servicing rights (MSRs) increased in fair value by **$653.8 million (58.0%) to $1.8 billion**, driven by $957.0 million in capitalized MSRs from new originations[242](index=242&type=chunk)[247](index=247&type=chunk) - As of June 30, 2021, the company had **$419.3 million in unrestricted cash** and **$9.5 billion in total warehouse line capacity**, with $8.5 billion outstanding[256](index=256&type=chunk)[266](index=266&type=chunk) - Total debt obligations increased by **$760.8 million (106.8%) to $1.5 billion**, mainly due to the issuance of **$600.0 million in 2028 Senior Notes**[254](index=254&type=chunk) - The company paid **dividends and distributions totaling $400.3 million** during the first six months of 2021[273](index=273&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=60&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market exposure is interest rate risk, which is managed through hedging, alongside credit and prepayment risks - The principal market exposure is **interest rate risk**, which impacts LHFS, IRLCs, and servicing rights; the company uses hedging instruments like forward sales contracts and options to manage this risk[299](index=299&type=chunk)[301](index=301&type=chunk)[303](index=303&type=chunk) - **Credit risk** arises from representations and warranties on sold loans, which could lead to repurchase obligations; the company maintains a reserve for these potential losses[304](index=304&type=chunk)[305](index=305&type=chunk) - **Prepayment risk** affects the value of servicing rights; an increase in prepayments, typically in a falling interest rate environment, reduces the fair value of MSRs[309](index=309&type=chunk) [Item 4. Controls and Procedures](index=66&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2021, with no material changes to internal controls - The CEO and CFO concluded that as of June 30, 2021, the company's **disclosure controls and procedures were effective** at a reasonable assurance level[312](index=312&type=chunk) - There were **no material changes in internal control** over financial reporting during the quarter ended June 30, 2021[313](index=313&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=66&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal actions and negotiations that are not expected to have a material adverse financial effect - The company is involved in routine lawsuits related to its business but is not currently subject to any proceedings **deemed to be material**[315](index=315&type=chunk) - A demand letter from a former executive alleging loan origination noncompliance and employment claims is in **pre-litigation negotiations** after mediation in May 2021 was unsuccessful[175](index=175&type=chunk) [Item 1A. Risk Factors](index=66&type=section&id=Item%201A.%20Risk%20Factors) No material changes have been made to the risk factors previously disclosed in the company's 2020 Form 10-K - **No material changes** to the risk factors disclosed in the 2020 Form 10-K have occurred[316](index=316&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=66&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company issued Class A common stock through conversions of other stock classes, which were exempt from registration - On May 4, 2021, **4,715,556 shares of Class D common stock were converted into Class A common stock**[318](index=318&type=chunk) - On June 1, 2021, **1,164,487 shares of Class C common stock** (with corresponding Holding Units) were converted into Class A common stock[319](index=319&type=chunk) [Item 6. Exhibits](index=67&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including corporate governance documents, debt agreements, and required officer certifications - Exhibits filed with the report include various agreements, such as an Indenture for Senior Notes and amendments to Master Repurchase Agreements, as well as **required CEO and CFO certifications**[323](index=323&type=chunk)[324](index=324&type=chunk)

Financial Data and Key Metrics Changes - The company reported total revenue of $780 million for Q2 2021, a decrease of 41% from the first quarter of 2021 [14] - Diluted earnings per share were $0.07, while adjusted diluted earnings per share were $0.18, reflecting lower loan origination volumes and gain-on-sale margins [14] - Loan origination volume was $34.5 billion, a decrease of 17% from Q1 2021 [14] - Adjusted EBITDA was $109.3 million, and net income was $26.3 million, down from $458.1 million and $427.9 million in Q1 2021 [17] Business Line Data and Key Metrics Changes - Retail channel accounted for 81% of loan originations, while partner channel accounted for 19% [15] - Purchased loan originations were $10.4 billion, and refinance loan originations were $24.1 billion during the quarter [15] - Rate lock volume for Q2 was $42.1 billion, contributing to the total revenue of $780 million [15] Market Data and Key Metrics Changes - The company's market share grew from 2.3% to 3.3% over the past year, indicating successful market penetration [9] - The unpaid principal balance of the servicing portfolio grew to a record level of $138.8 billion as of June 30, 2021, compared to $129.7 billion in Q1 2021 [16] Company Strategy and Development Direction - The company aims to expand its offerings beyond mortgage services to include a bundled service approach through the loanDepot Grand Slam, which integrates various real estate services [12][13] - The strategy focuses on leveraging technology and data science to enhance customer acquisition and operational efficiency [10][12] - The company is committed to increasing its market share and brand recognition while navigating competitive pressures in the mortgage industry [10][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to gain market share despite headwinds in the mortgage market, citing a diversified origination model as a competitive advantage [7][10] - The company expects rate lock volume for Q3 to be between $44 billion and $54 billion, with loan origination volume projected between $30 billion and $36 billion [18] - Management highlighted the importance of maintaining a strong customer relationship, with a recapture rate of 75% for organic refinance consumers [17] Other Important Information - The company has implemented cost-cutting initiatives, resulting in a 14% decrease in total expenses from Q1 2021 [16] - The loanDepot Grand Slam is set to launch on October 1, 2021, offering bundled services to enhance customer experience [62] Q&A Session Summary Question: How have gain-on-sale margins progressed throughout Q2 into July? - Management noted a recovery in June and July, with guidance for gain-on-sale margins between 245 and 295 basis points [25] Question: How is consumer response to lower rates and potential refi burnout? - Management observed an increase in refinance demand due to lower interest rates and a shift in marketing focus towards non-rate-sensitive consumers [26] Question: Can you discuss competitive trends in the retail channel? - Management indicated that they are seeing the ability to hold margins in the retail channel, with a significant increase in purchase volume [30][31] Question: How is market share evolving in the current environment? - Management reported a 110% growth in volume year-to-date and emphasized the importance of a diversified origination strategy [37] Question: What are the plans for cash usage and shareholder returns? - Management is focused on capital allocation for growth, M&A opportunities, and maintaining a quarterly dividend [68] Question: Can you clarify the Grand Slam package details? - The Grand Slam will offer a free home warranty and a $7,000 cash rebate to consumers, enhancing the bundled service offering [62][78]

LOANDEPOT, INC. (NYSE: LDI) Q1 2021 EARNINGS PRESENTATION May 2021 loan bepot DISCLAIMER Forward-Looking Statements This presentation contains forward-looking statements, which reflect our current views with respect to, among other things, our operations and financial performance. You can identify these statements by the use of words such as "outlook," "potential," "continue," "may," "seek," "approximately," "predict," "believe," "expect," "plan," "intend," "estimate" or "anticipate" and similar expressions ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Address of principal executive offices) (Zip Code) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 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 ...