Loandepot Inc Stock Price, News & Analysis

loanDepot (NYSE: LDI) has appointed Company Founder and Chairman Anthony Hsieh as permanent Chief Executive Officer, effective immediately. Hsieh, who has served as Interim CEO since June 4, 2025, founded loanDepot in 2010 and grew it to become the second largest retail lender in the nation with an average growth of 38% year-over-year in its first decade.

Under Hsieh's leadership, the company plans to focus on returning to profitability, gaining market share, and advancing technological capabilities, particularly in artificial intelligence. Hsieh introduced the company's proprietary point of sale software, mello®, in 2017, which remains the platform of choice for originators. As part of his 90-day charter, Hsieh plans to expand the leadership team with top-tier executives to drive the company's innovation agenda and improve performance.

loanDepot (NYSE: LDI), a leading provider of homeownership products and services, has scheduled its second quarter 2025 financial results release for August 7, 2025, after market close.

The company will host a conference call and live webcast at 5:00 p.m. ET featuring management's review of financial results and operational highlights, followed by a Q&A session. Participants can register online to receive dial-in information and a conference ID. The webcast will be available on the company's investor relations website, with a replay accessible after the event.

loanDepot (NYSE: LDI) and Onx Homes have launched their joint venture ONX X+ Mortgage, now serving homebuyers in Florida and Texas. The partnership combines Onx Homes' innovative homebuilding approach with loanDepot's lending platform to provide a tech-forward mortgage experience for new construction homebuyers. The venture has appointed Kathryn McKissick as branch manager, bringing over 20 years of industry experience including roles at LGI Mortgage Solutions and as a licensed Realtor. McKissick will oversee business growth and operations, focusing on delivering streamlined financing experiences for customers. The collaboration aims to transform the homebuying process by making it more accessible and efficient for families pursuing homeownership.

loanDepot (NYSE: LDI) has successfully completed a private offering of secured term notes totaling $200 million through its subsidiary, loanDepot GMSR Master Trust. The notes are secured by portfolio excess spread relating to Ginnie Mae mortgage servicing rights and feature a variable rate based on SOFR plus margin, maturing in May 2030 with potential extension to May 2032. The proceeds were used to redeem previously issued Series 2018-GT1 Term Notes due in October 2025. Nomura Securities International served as the manager and initial purchaser, with Alston & Bird LLP representing loanDepot as Issuer's counsel. The transaction demonstrates loanDepot's strong financing strategy and capital raising capabilities.

loanDepot (NYSE: LDI) reported improved Q1 2025 financial results with revenue increasing 23% to $274 million compared to the prior year. The company saw a net loss of $41 million, down 43% from $72 million loss in Q1 2024. Key highlights include: - Pull-through weighted gain on sale margin grew to 355 basis points - Loan origination volume increased 14% to $5.2 billion - Adjusted EBITDA improved to $18 million from $2 million - Strong liquidity with $371 million cash balance Significant management changes were announced as CEO Frank Martell will transition to a board advisory role in June, with Founder Anthony Hsieh returning as interim CEO. Hsieh will focus on expanding originations and driving innovation through tech enablement. The company maintains a strong liquidity profile and expects Q2 2025 origination volume between $5.0-7.5 billion.

loanDepot (NYSE: LDI) has announced it will release its first quarter 2025 financial results on May 6, 2025, after market close. The company will host a conference call and live webcast at 5:00 p.m. ET, featuring a review of financial results and operational highlights, followed by a Q&A session.

Interested participants can register for the conference call in advance at the provided registration link, where they will receive dial-in information and a conference ID. Additionally, a live audio webcast will be available on the company's investor relations website, with a replay accessible after the event.

loanDepot, MLB's Official Mortgage Provider, announces the return of 'Ballpark Bingo: A Celebration of Firsts' for the 2025 season. The interactive sweepstakes offers fans chances to win VIP experiences through two grand prizes:

1. An all-expenses-paid trip for two to MLB All-Star Week in Atlanta (July 12-15), including premium tickets, airfare, lodging, and on-field experience for entries by June 20.

2. A VIP trip for two to one game of the ALCS or NLCS, including a ceremonial first pitch opportunity for entries starting July 11.

The campaign features two bingo cards tracking MLB milestones and plays throughout the season. Fans can follow real-time updates on MLB.com, social media, and MLB Network as events like no-hitters or triple plays are recorded.

loanDepot (NYSE: LDI) reported its 2024 financial results, showing a 9% revenue increase to $1.06 billion compared to 2023. The company's pull-through weighted gain on sale margin grew to 317 basis points, up 42 bps year-over-year.

Key financial metrics include a net loss of $202 million (including $25 million in cybersecurity costs), improved from the prior year's $236 million loss. Adjusted EBITDA significantly improved to $84 million from $6 million in 2023. The company successfully refinanced its 2025 corporate debt, reducing it by $137 million.

Fourth quarter 2024 highlights show revenue up 13% to $257 million, with loan origination volume reaching $7.2 billion, a 34% increase from Q4 2023. The company maintained strong liquidity with a cash balance of $422 million. For Q1 2025, loanDepot projects origination volume between $4.5-5.5 billion and pull-through weighted gain on sale margin of 320-340 basis points.

loanDepot (NYSE: LDI) announced a significant leadership transition where company founder Anthony Hsieh will return to the executive team as Executive Chairman of Mortgage Originations. Current CEO Frank Martell will step down from his position effective June 4 and transition to a Board advisory role.

The Board plans to engage an executive search firm to find a new CEO. If no permanent CEO is appointed by June 4, Hsieh will serve as interim CEO. During Martell's three-year tenure, the company implemented the Vision 2025 strategic plan, which helped stabilize loanDepot during a challenging mortgage market and reduced costs significantly.

Hsieh, who founded loanDepot in 2010, is known for developing mello®, the company's proprietary software platform. The company will release its year-end and fourth quarter 2024 financial results on March 11 after market close.