Welcome to our dedicated page for Loandepot news (Ticker: LDI), a resource for investors and traders seeking the latest updates and insights on Loandepot stock.
loanDepot, Inc. (NYSE: LDI) is a U.S. mortgage finance company focused on consumer lending, home purchase loans, refinancing and home equity products, with a strong emphasis on digital mortgage experiences. The loanDepot news feed on Stock Titan highlights company announcements that shed light on its lending operations, leadership changes, capital markets activity and strategic priorities.
Investors and observers can use this page to follow updates on loanDepot’s multi-channel origination strategy, including its Consumer Direct Lending platform, in-market retail operations and relationships with homebuilders. News items often cover the company’s efforts to use technology and AI to improve lead generation, customer recapture from its servicing portfolio and overall operating efficiency.
Typical coverage includes quarterly earnings releases, where loanDepot reports rate lock volumes, loan origination volumes, gain on sale margins, servicing fee income and adjusted financial metrics. The feed also captures leadership appointments across Consumer Direct Lending, retail production, servicing, strategy, digital and innovation, which the company links to its goal of strengthening its core lending and servicing businesses.
In addition, readers will find updates on financing transactions secured by mortgage servicing rights and excess spread, as well as announcements related to equity awards and other corporate actions. By reviewing these articles in one place, users can track how loanDepot manages its origination and servicing platforms, funding structures and leadership team over time. Bookmark this page to access an organized stream of loanDepot news drawn from company press releases and related disclosures.
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.
loanDepot (NYSE: LDI) has appointed Alec Hanson to a newly created position leading revenue development and growth initiatives. Hanson, who joined the company in 2011 and currently serves as chief marketing officer, brings 20 years of mortgage experience to the role and will report to LDI Mortgage President Jeff Walsh.
As part of the reorganization, TJ Freeborn will become chief marketing and customer experience officer, maintaining responsibility for the company's marketing function and continuing to report to CEO Frank Martell.
In his new role, Hanson will focus on advancing the company's Project North Star strategic plan by:
- Expanding strategic partnerships
- Developing a digital end-to-end customer nurture ecosystem
- Overseeing deployment of next-generation customer relationship management platform
- Enhancing the coaching platform for In-Market Retail loan consultants
loanDepot (NYSE: LDI) has announced it will release its year-end and fourth quarter 2024 financial results on March 11, 2025, after market close. The company will host a conference call and live webcast at 5:00 p.m. ET on the same day.
The conference call will include a review of financial results and operational highlights, followed by a Q&A session. Participants can register online in advance to receive dial-in information and a conference ID. A live audio webcast will be available on the company's investor relations website, with a replay accessible after the event.
loanDepot (NYSE: LDI) has announced that In-Market Retail Loan Consultant Toy Eng has earned the top spot in the State of New York Mortgage Agency's (SONYMA) Hall of Fame for the second consecutive year. This recognition celebrates loan officers who support first-time homebuyers through SONYMA's initiatives.
SONYMA provides low-interest mortgage loans, down payment assistance programs, and educational resources to help qualified first-time homebuyers. Eng, with 16 years of experience as a loan consultant, has dedicated her career to empowering first-time homebuyers and advocating for sustainable homeownership.
Beyond her professional duties, Eng volunteers for organizations supporting affordable housing, including Community Housing Innovations and Yonkers Affordable Housing. Her progression in SONYMA's Hall of Fame has been steady, moving from No. 15 in 2016 to No. 2 in 2022, and achieving No. 1 in 2023.
loanDepot (NYSE: LDI) has expanded its equityFREEDOM portfolio by adding 10- and 30-year fixed-term options to its existing 20-year fixed-rate home equity loan. This expansion complements their first- and second-lien home equity lines of credit (HELOCs), targeting nearly 50 million American homeowners with access to tappable home equity.
The company's home equity products allow homeowners to borrow up to $400,000, based on credit profile and combined loan-to-value ratio (CLTV). With 75% of existing mortgages carrying rates below 5%, these options enable homeowners to access equity without affecting their current mortgage rates. The products feature no prepayment penalties and may not require new home appraisals in many cases.
The HELOC offering includes a three-year draw period and, in most states, a 10-year interest-only payment period followed by a 20-year amortizing repayment term.
loanDepot (NYSE: LDI) has promoted Phil Iossa to Regional Vice President for the Tri-State territory, overseeing operations in New York, Connecticut, and New Jersey. Iossa, who joined loanDepot in 2015 as a branch manager, demonstrated significant success by growing his branch from one originator to nearly 30 people, making it one of the company's top five branches within five years.
Prior to this promotion, Iossa served as area sales manager and has a background of 15 years as a mortgage banker with Wells Fargo. The promotion aligns with loanDepot's growth strategy for 2025 and beyond, focusing on building strong in-market sales leadership talent.
loanDepot (NYSE: LDI) and Onx Homes have announced a new joint venture called Onx X+ Mortgage, combining their expertise to provide streamlined financing options for new homebuyers in Florida and Texas. The partnership merges Onx Homes' technology-led homebuilding approach with loanDepot's lending expertise and platform.
The venture, headquartered in Georgetown, TX, aims to support Onx Homes' mission of delivering value throughout the homeowner journey while expanding loanDepot's presence in the purchase mortgage market. The collaboration will particularly focus on serving first-time homebuyers, leveraging Onx Homes' proprietary design and technology alongside loanDepot's lending industry expertise to create a more accessible homeownership process.
loanDepot (NYSE: LDI) President and CEO Frank Martell has been named to Inman's 2025 'Power Players' list for the third consecutive year. The index recognizes influential executives in real estate, mortgage, finance, and proptech who are shaping the housing industry's future.
Martell, who has also received Inman's 'Best of Finance' award for two consecutive cycles, leads loanDepot's vision of making homeownership accessible through their digital-first portfolio of home purchase, refinance, and home equity lending products. The company aims to serve as a lifetime partner throughout the homeownership journey.
loanDepot (NYSE: LDI) has appointed Bart Evans as regional vice president for its Southeastern operations, overseeing Alabama, Arkansas, and Tennessee. Evans, a 20-year mortgage industry veteran and former professional baseball player, will report to Senior Vice President of Production Paul Ramos.
The appointment aims to capitalize on the accelerated population growth these states have experienced over the past decade. Evans brings extensive experience from previous leadership roles at Movement Mortgage and Summit Funding. As one of the nation's top new home lenders for homebuilders, loanDepot sees an opportunity in the region's increasing new home construction sales.
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