loanDepot, Inc. reports developments tied to its national mortgage lending and homeownership services business. The company originates residential mortgage, refinance and home equity loans through consumer direct, retail, joint venture, servicing and wholesale channels, and it is licensed across all 50 states.
Recurring news covers quarterly results, origination volume, market share, revenue, gain-on-sale margins, servicing income and operating leverage. Company updates also address digital lending initiatives, automation across the origination and servicing lifecycle, channel expansion, builder and technology partnerships, and efforts to broaden customer acquisition and retention within the mortgage market.
loanDepot (NYSE: LDI) will release its Q4 and full year 2020 earnings on February 18, 2021. A conference call will follow at 11:00 a.m. ET, accessible via the company's Investor Relations website. The company has funded over $275 billion since its launch in 2010, ranking as the second largest retail nonbank lender in the U.S. loanDepot emphasizes its commitment to customer service and community support, recently donating $2.5 million to assist COVID-19 impacted individuals.
LD Holdings Group LLC has announced the launch of loanDepot's initial public offering (IPO) of 15 million shares of Class A common stock, priced between $19.00 and $21.00 per share. The offering includes 9.41 million shares from loanDepot and 5.59 million shares from Parthenon Capital Partners. Goldman Sachs, BofA Securities, Credit Suisse, and Morgan Stanley are leading the offering. The IPO is subject to market conditions and includes a 30-day option for underwriters to purchase additional shares.