Q1 was a quarter of positive momentum for the company. Higher volume, margins and ongoing cost discipline drive improved Q1 results. Company Founder and Executive Chairman Anthony Hsieh also returned to the company's day-to-day operations in Q1; Hsieh will focus on expanding originations and driving innovation through tech enablement. Current CEO Frank Martell set to transition to a board advisory role in June; Hsieh will assume interim CEO role at that time. Highlights: Revenue increased 23% to $274 million and adjusted revenue increased 21% to $278 million compared to the prior year on higher volume and pull-through weighted gain on sale margin. Strong mortgage revenue growth more

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its first quarter 2025 financial results on May 6, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I41447641 at which time registrants will receive dial-in information as well as a conference ID.

Revenue increased 9% for the year on higher pull-through weighted gain on sale margin and volume, driving significant reduction of losses. Full-year 2024 highlights: Revenue increased 9% to $1.06 billion and adjusted revenue increased 10% to $1.10 billion compared to 2023. Pull-through weighted gain on sale margin grew to 317 basis points, up 42 bps compared to 2023. Net loss of $202 million, including $25 million of cybersecurity related costs, compared with prior year net loss of $236 million. Adjusted net loss of $95 million, compared with prior year adjusted net loss of $152 million, reflecting the positive impact of higher revenue and cost productivity. Adjusted EBITDA of $8

Anthony Hsieh, loanDepot Chairman of the Board, Returns to Company Executive Team in Originations Leadership Role Hsieh Will Become Executive Chairman of Mortgage Originations; CEO Frank Martell Will Transition to Board Advisory Role in June Search for a Successor to Martell Is Underway loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced a Board- and executive-level leadership transition. Company Founder, Chairman of the Board, and controlling shareholder Anthony Hsieh rejoins the loanDepot executive leadership team as Executive Chairman of Mortgage Ori

loanDepot, Inc. ("LDI" or "Company") (NYSE:LDI), a leading provider of products and services that power the homeownership journey, has appointed industry veteran Alec Hanson to a newly created role leading revenue development and growth initiatives, effective immediately. Hanson, who joined loanDepot in 2011 and currently serves as the company's chief marketing officer, brings two decades of mortgage experience to the position. He will report to LDI Mortgage President Jeff Walsh. Executive Vice President TJ Freeborn will retain overall responsibility for the company's marketing function, with a title change to chief marketing and customer experience officer. Among other things, Freeborn w

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its year-end and fourth quarter 2024 financial results on March 11, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I4144763980 at which time registrants will receive dial-in information as wel

Mortgage industry veteran to lead newly formed joint venture between loanDepot and Smith Douglas Homes Ridgeland Mortgage, the recently formed joint venture between leading mortgage lender loanDepot, Inc. (NYSE: "LDI") and the nation's 36th largest new home builder Smith Douglas Homes (NYSE: "SDHC"), has appointed veteran mortgage leader Teresa Carlile as president. In her role, Carlile will lead the business' growth and daily operations, striving to provide a smooth and streamlined financing experience for Smith Douglas Homes' customers. "Teresa is a trusted leader in the mortgage industry, and as our first key hire, she's an exceptional addition to the Ridgeland Mortgage team," said D

New venture connects award-winning approach to new home construction with industry-leading lending platform to exceed customer expectations loanDepot, Inc. (NYSE: "LDI"), a leading provider of products and services that power the homeownership journey, and Smith Douglas Homes (NYSE:SDHC), the nation's 36th largest new home builderi with a strong presence in America's Southeast and Southern regions, today announced a new joint venture that will provide a smooth and streamlined financing option for new home buyers. Called Ridgeland Mortgage, the venture expands loanDepot's footprint in the purchase mortgage market while supporting Smith Douglas Homes' continued growth and success. It will b

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its third quarter 2024 financial results on November 5, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should call five minutes in advance to ensure that you

Builds on long-standing loanDepot commitment to veterans and history of serving its communities In a continuation of loanDepot's long history of supporting veterans and serving the communities in which its team works and lives, loanDepot President and CEO Frank Martell and his wife Donna were honored this weekend with the Marine Corps Scholarship Foundation's prestigious Globe and Anchor Award for their dedication to educating the children of Marines and Navy Corpsmen. The couple was presented with the award during the organization's annual West Coast Campaign Celebratory Dinner in Newport Beach. The Eagle, Globe, and Anchor—the official emblem of the United States Marine Corps uniform si

loanDepot, Inc. ("LDI" or "Company") (NYSE:LDI), a leading provider of products and services that power the homeownership journey, has appointed industry veteran Alec Hanson to a newly created role leading revenue development and growth initiatives, effective immediately. Hanson, who joined loanDepot in 2011 and currently serves as the company's chief marketing officer, brings two decades of mortgage experience to the position. He will report to LDI Mortgage President Jeff Walsh. Executive Vice President TJ Freeborn will retain overall responsibility for the company's marketing function, with a title change to chief marketing and customer experience officer. Among other things, Freeborn w

Builds on long-standing loanDepot commitment to veterans and history of serving its communities In a continuation of loanDepot's long history of supporting veterans and serving the communities in which its team works and lives, loanDepot President and CEO Frank Martell and his wife Donna were honored this weekend with the Marine Corps Scholarship Foundation's prestigious Globe and Anchor Award for their dedication to educating the children of Marines and Navy Corpsmen. The couple was presented with the award during the organization's annual West Coast Campaign Celebratory Dinner in Newport Beach. The Eagle, Globe, and Anchor—the official emblem of the United States Marine Corps uniform si

Bergjans' unwavering dedication to veterans aligns perfectly with loanDepot's mission to serve those who've served us loanDepot, Inc. ("LDI" or "Company") (NYSE:LDI), a leading provider of products and services that power the homeownership journey, continues to build on its strength in Veterans Administration (VA) lending with the appointment of U.S. Navy Veteran and VA lending powerhouse Bryan Bergjans as its national director of military growth and strategy. Bergjans, a highly respected national advocate for the military community, is a dynamic mortgage industry leader with nearly two decades of military experience and an abiding passion for serving the active-duty military and Veteran c

loanDepot, Inc. ("LDI" or "Company") (NYSE:LDI) a leading provider of products and services that power the homeownership journey, has appointed Nancy Smith to lead its growing Colorado and Wyoming branches as Regional Vice President, In-Market Retail. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240909022024/en/loanDepot has appointed Nancy Smith to lead its growing Colorado and Wyoming branches as Regional Vice President, In-Market Retail. (Photo: Business Wire) "To successfully navigate today's homebuying markets, homebuyers and real estate professionals look for mortgage partners who can provide deep local expertise and indu

American Heart Association's STEM Goes Red mentorship initiative propels young women into rewarding careers 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240213175719/en/loanDepot SVP of A

IRVINE, Calif., Feb. 7, 2023 /PRNewswire/ -- Anthony Hsieh, the Founder of loanDepot, Inc. (NYSE:LDI) ("loanDepot" or "the Company"), who holds over 40% of the economic interest and approximately 57% of the combined voting power of the Company, today announced in a letter to loanDepot stockholders that he has nominated Steven Ozonian for election to the Company's Board at the Company's 2023 Annual Meeting of Stockholders. Mr. Hsieh intends to vote all of his shares in favor of Mr. Ozonian. Mr. Hsieh has engaged with the Board over the last few months in an effort to persuade members of the urgent need for board refreshment to address the challenges the Company faces in this economic environm

Proven leader with extensive experience in compliance and risk management to lead loanDepot's enterprise risk management program FOOTHILL RANCH, Calif., Sept. 12, 2022 /PRNewswire/ -- loanDepot, Inc. (NYSE:LDI) ("loanDepot" or the "Company"), a leading consumer lending and real estate services provider, today announced the appointment of Joseph Grassi as chief risk officer, effective immediately. He reports directly to loanDepot CEO Frank Martell. Grassi is an experienced leader with deep expertise in legal and compliance risk management and strong relationships in the financi

FOOTHILL RANCH, Calif., Dec. 13, 2021 /PRNewswire/ -- loanDepot.com, LLC, a subsidiary of loanDepot, Inc. (NYSE: "LDI"), the nonbank lending innovator that uses its proprietary mello® technology to transform the mortgage industry, today announced that Bill Wied has joined the company as senior vice president and chief technology officer. "We founded our company with the laser-focused goal of creating an optimized, seamless digital experience that would exceed the expectations of today's digital-savvy customer," said Founder and CEO Anthony Hsieh. "To that end, we have inv

THE WOODLANDS, Texas, Sept. 20, 2021 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ:TH), North America's largest provider of vertically integrated modular accommodations and value-added hospitality services, continues its diversification focus into government services, with the appointment of Pamela Hughes Patenaude to its board of directors, effective September 20, 2021.  The appointment is a continuation of the Company's growth strategy that focuses on enhancing value through a balanced portfolio of service offerings, across a diverse set of end market applications. This strategic appointment strengthens Target's ability to effectively i

FOOTHILL RANCH, Calif., July 30, 2021 /PRNewswire/ -- loanDepot, Inc. (the "Company," NYSE: "LDI," together with its subsidiaries, "loanDepot"), the nonbank lending innovator that is using its proprietary mello® technology to transform the mortgage industry, today announced the appointment of Mike Linton, a consumer and product marketing expert, and Pamela Hughes Patenaude, a prominent housing policy expert and former deputy secretary of the U.S. Department of Housing and Urban Development, to its board of directors. "We are at a critical point in our growth trajectory as a n

10-Q - loanDepot, Inc. (0001831631) (Filer)

8-K - loanDepot, Inc. (0001831631) (Filer)

SCHEDULE 13G/A - loanDepot, Inc. (0001831631) (Subject)

8-K - loanDepot, Inc. (0001831631) (Filer)

DEFA14A - loanDepot, Inc. (0001831631) (Filer)

DEF 14A - loanDepot, Inc. (0001831631) (Filer)

8-K - loanDepot, Inc. (0001831631) (Filer)

10-K - loanDepot, Inc. (0001831631) (Filer)

8-K - loanDepot, Inc. (0001831631) (Filer)

SCHEDULE 13D/A - loanDepot, Inc. (0001831631) (Subject)

Goldman downgraded loanDepot from Neutral to Sell and set a new price target of $3.00

UBS initiated coverage of loanDepot with a rating of Neutral and set a new price target of $2.00

William Blair downgraded loanDepot from Outperform to Mkt Perform

Credit Suisse downgraded loanDepot from Outperform to Neutral

JMP Securities downgraded loanDepot from Mkt Outperform to Mkt Perform

Citigroup downgraded loanDepot from Neutral to Sell and set a new price target of $2.00 from $5.00 previously

Piper Sandler downgraded loanDepot from Overweight to Neutral and set a new price target of $3.50 from $6.00 previously

JMP Securities reiterated coverage of loanDepot with a rating of Market Outperform and set a new price target of $7.00 from $12.00 previously

Citigroup downgraded loanDepot from Buy to Neutral and set a new price target of $5.00 from $12.00 previously

Raymond James downgraded loanDepot from Outperform to Market Perform

Q1 was a quarter of positive momentum for the company. Higher volume, margins and ongoing cost discipline drive improved Q1 results. Company Founder and Executive Chairman Anthony Hsieh also returned to the company's day-to-day operations in Q1; Hsieh will focus on expanding originations and driving innovation through tech enablement. Current CEO Frank Martell set to transition to a board advisory role in June; Hsieh will assume interim CEO role at that time. Highlights: Revenue increased 23% to $274 million and adjusted revenue increased 21% to $278 million compared to the prior year on higher volume and pull-through weighted gain on sale margin. Strong mortgage revenue growth more

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its first quarter 2025 financial results on May 6, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I41447641 at which time registrants will receive dial-in information as well as a conference ID.

Revenue increased 9% for the year on higher pull-through weighted gain on sale margin and volume, driving significant reduction of losses. Full-year 2024 highlights: Revenue increased 9% to $1.06 billion and adjusted revenue increased 10% to $1.10 billion compared to 2023. Pull-through weighted gain on sale margin grew to 317 basis points, up 42 bps compared to 2023. Net loss of $202 million, including $25 million of cybersecurity related costs, compared with prior year net loss of $236 million. Adjusted net loss of $95 million, compared with prior year adjusted net loss of $152 million, reflecting the positive impact of higher revenue and cost productivity. Adjusted EBITDA of $8

Anthony Hsieh, loanDepot Chairman of the Board, Returns to Company Executive Team in Originations Leadership Role Hsieh Will Become Executive Chairman of Mortgage Originations; CEO Frank Martell Will Transition to Board Advisory Role in June Search for a Successor to Martell Is Underway loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced a Board- and executive-level leadership transition. Company Founder, Chairman of the Board, and controlling shareholder Anthony Hsieh rejoins the loanDepot executive leadership team as Executive Chairman of Mortgage Ori

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its year-end and fourth quarter 2024 financial results on March 11, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at https://registrations.events/direct/Q4I4144763980 at which time registrants will receive dial-in information as wel

loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its third quarter 2024 financial results on November 5, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should call five minutes in advance to ensure that you

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 that the Company will release its second quarter 2024 financial results on August 6, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should cal

Positive revenue and cost momentum partially offset by the impact of January cyber incident. Year-over year highlights: Revenue increased $15 million or 7% to $223 million primarily driven by higher servicing income and pull through weighted gain on sale margin, partially offset by revenue loss due to the cyber incident. Expenses decreased $7 million or 2% to $308 million primarily from lower personnel and marketing costs. Company incurred $15 million of net charges directly related to cyber incident during the quarter. Net loss decreased 22% to $72 million. Adjusted net loss decreased 35% to $38 million. Maintained strong liquidity profile with cash balance of $604 million

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 that the Company will release its first quarter 2024 financial results on May 7, 2024, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on loanDepot's investor relations website, investors.loandepot.com. The call will include a review of the quarterly results followed by a question and answer session. The conference call can also be accessed by dialing (800) 715-9871, Conference ID: 9881136. Attendees should call fi

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: Revenue decreased $282 million or 22% to $974 million from 2022, primarily driven by lower market volume; growth in servicing income and HELOC revenue as well as higher gain on sale margin partially offset the impact of volume decrease. Total expenses decreased $693 million or 36% to $1.25 billion, primarily driven by cost productivity improvements and lower origination volume; 2023 expenses included $27 million of restructuring charges, lease and other asset impairment charg

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