loanDepot, Inc. engages in the origination and servicing of conventional and government mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, home equity, Federal Housing Administration, and VA loans. The company also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies. It offers mortgage loans to borrowers; and in the secondary market. The company was founded in 2010 and is headquartered in Foothill Ranch, California.
IPO Year: 2021
Exchange: NYSE
Website: loandepot.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/19/2025 | Neutral | BTIG Research | |
| 1/9/2024 | $3.00 | Neutral → Sell | Goldman |
| 12/6/2023 | $2.00 | Neutral | UBS |
| 3/9/2023 | Outperform → Mkt Perform | William Blair | |
| 1/9/2023 | Outperform → Neutral | Credit Suisse | |
| 5/11/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 5/11/2022 | $5.00 → $2.00 | Neutral → Sell | Citigroup |
| 5/11/2022 | $6.00 → $3.50 | Overweight → Neutral | Piper Sandler |
| 2/17/2022 | $12.00 → $7.00 | Market Outperform | JMP Securities |
| 2/2/2022 | $12.00 → $5.00 | Buy → Neutral | Citigroup |
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loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced that it has completed the private offering of secured term notes (the "Notes") in an aggregate principal amount of $150 million issued by the Company's indirect subsidiary, loanDepot GMSR Master Trust (the "Issuer"). The Notes are secured by certain assets of the Issuer, including portfolio excess spread relating to mortgage servicing rights on mortgage loans underlying certain mortgage-backed securities guaranteed by Ginnie Mae. The Notes are variable rate based on SOFR plus a margin and mature on July 16, 2030. Proceeds of the issuance, net of fees, were used to partially pay down
loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company"), today announced it has promoted two of its key executive leaders into new roles expected to help the company drive top line growth, return to profitability and regain market share. Tom Fiddler will oversee all Retail loan production in a newly established position as President of Retail Lending. His responsibilities will include those of Executive Vice President of Retail Production John Bianchi, who is departing the Company. Dan Peña, who is currently Executive Vice President of National Joint Ventures, will serve as President of Partnership Lending. About Tom Fiddler Tom Fiddler is a veteran mor
loanDepot Founder Anthony Hsieh appointed as permanent CEO; focused on growth, technology powered efficiency and a return to profitability. Positive Q2 momentum from higher revenue and lower costs. Highlights: Revenue increased 3% to $283 million and adjusted revenue increased 5% to $292 million compared to the prior quarter on higher pull-though weighted lock volume and servicing income. Pull-through weighted gain on sale margin decreased 25 basis points to 330 basis points. Expenses decreased 2% to $315 million, driven primarily by lower general and administrative expenses; volume-related expenses increased 12% to $114 million compared to 30% increase in origination volume
Dominick Marchetti and Sean DeJulia return to loanDepot, serving as Chief Digital Officer and Chief Innovation Officer, respectively. Both leaders, who worked with CEO Anthony Hsieh to develop loanDepot's groundbreaking and proprietary mello® platform, were instrumental to scaling the Company during its first decade of growth. These appointments underscore Hsieh's commitment to leveraging technology as a growth driver and competitive differentiator. Hsieh says the combination of Marchetti and DeJulia's unique but complementary skill sets will be a "force multiplier to accelerate the company's digital transformation." loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "
Hsieh is a proven mortgage thought leader with a track record of success Hsieh's strategic focus will be on returning the Company to profitability, gaining market share, leapfrogging the industry with new technical capabilities, and developing products and services that delight customers, originators and partners Hsieh will lead the Company's adoption of artificial intelligence, catalyzing a new era of innovation Hsieh intends to add top-tier executive talent to his leadership team and said, "We will return to competing at the highest levels." loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "loanDepot" or the "Company") today announced that Company Founder and Chair
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 second quarter 2025 financial results on August 7, 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/Q414144737 at which time registrants will receive dial-in information as well as a conferenc
Company appoints mortgage and real estate veteran Kathryn McKissick as its leader loanDepot, Inc. (NYSE:LDI) and Onx Homes, announced that their new joint venture, ONX X+ Mortgage, is now serving homebuyers in Florida and Texas. The partnership pairs Onx Homes' innovative approach to homebuilding with loanDepot's best-in-class lending platform to deliver a seamless, tech-forward mortgage experience for new construction homebuyers. "With our joint venture now serving customers in Florida and Texas, we're thrilled to continue our work transforming and streamlining the homebuying experience for our customers," said Onx Homes Chief Operating Officer Ravi Bhat. "By bringing Onx's groundbreak
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
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BTIG Research initiated coverage of loanDepot with a rating of Neutral
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
Live Leadership Updates
Dominick Marchetti and Sean DeJulia return to loanDepot, serving as Chief Digital Officer and Chief Innovation Officer, respectively. Both leaders, who worked with CEO Anthony Hsieh to develop loanDepot's groundbreaking and proprietary mello® platform, were instrumental to scaling the Company during its first decade of growth. These appointments underscore Hsieh's commitment to leveraging technology as a growth driver and competitive differentiator. Hsieh says the combination of Marchetti and DeJulia's unique but complementary skill sets will be a "force multiplier to accelerate the company's digital transformation." loanDepot, Inc. (NYSE:LDI) (together with its subsidiaries, "
Company appoints mortgage and real estate veteran Kathryn McKissick as its leader loanDepot, Inc. (NYSE:LDI) and Onx Homes, announced that their new joint venture, ONX X+ Mortgage, is now serving homebuyers in Florida and Texas. The partnership pairs Onx Homes' innovative approach to homebuilding with loanDepot's best-in-class lending platform to deliver a seamless, tech-forward mortgage experience for new construction homebuyers. "With our joint venture now serving customers in Florida and Texas, we're thrilled to continue our work transforming and streamlining the homebuying experience for our customers," said Onx Homes Chief Operating Officer Ravi Bhat. "By bringing Onx's groundbreak
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
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Live finance-specific insights
loanDepot Founder Anthony Hsieh appointed as permanent CEO; focused on growth, technology powered efficiency and a return to profitability. Positive Q2 momentum from higher revenue and lower costs. Highlights: Revenue increased 3% to $283 million and adjusted revenue increased 5% to $292 million compared to the prior quarter on higher pull-though weighted lock volume and servicing income. Pull-through weighted gain on sale margin decreased 25 basis points to 330 basis points. Expenses decreased 2% to $315 million, driven primarily by lower general and administrative expenses; volume-related expenses increased 12% to $114 million compared to 30% increase in origination volume
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 second quarter 2025 financial results on August 7, 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/Q414144737 at which time registrants will receive dial-in information as well as a conferenc
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