Loandepot Inc Stock Price, News & Analysis

loanDepot announces six retail loan originators have been named to the Asian Real Estate Association of America's (AREAA) A-List for 2024, recognizing top-producing Asian American, Native Hawaiian, and Pacific Islander professionals. Notable honorees include Nathan Sibbet (7th by volume, 4th by units) and Meinoh Kim (25th by volume, 26th by units). Other recognized originators include Kimberly Kawachi (26th by volume), Vincent Lau (29th by volume), Suzie Kondylopoulo (26th by units), and Lauren Jung (28th by units).

loanDepot, Inc. (NYSE: LDI), a leading provider of homeownership products and services, has announced it will release its third quarter 2024 financial results on November 5, 2024, after market close. The company will host a conference call and live webcast at 5:00 p.m. ET on its investor relations website, investors.loandepot.com.

The call will include a review of quarterly results followed by a Q&A session. Interested parties can access the conference call by dialing (800) 715-9871, Conference ID: 9881136. A webcast will also be available at https://events.q4inc.com/attendee/479196723. Attendees are advised to call five minutes in advance. A replay of the webcast will be made available on the Investor Relations website after the event.

loanDepot President and CEO Frank Martell and his wife Donna were honored with the Marine Corps Scholarship Foundation's Globe and Anchor Award for their dedication to educating children of Marines and Navy Corpsmen. The award was presented at the Foundation's West Coast Campaign Celebratory Dinner in Newport Beach.

The Martells have been supporters of the Foundation for over a decade, with Frank serving on its board of directors for more than six years. They announced an endowed scholarship in honor of their late parents. loanDepot is also a proud supporter of the Foundation.

The Marine Corps Scholarship Foundation's mission is to honor Marines by educating their children. The Foundation's President and CEO, Ted Probert, praised the Martells' generosity and its impact on military families.

loanDepot celebrates its fourth year as the Presenting Sponsor of Major League Baseball's American League Championship Series (ALCS) and National League Championship Series (NLCS). The company, also the Official Mortgage Provider of MLB, continues its 'Ballpark Bingo: A Celebration of Firsts' campaign, a season-long sweepstakes highlighting milestones in baseball and homeownership.

The 2024 Ballpark Bingo grand prize winner, Dan Dacey, a firefighter from Cincinnati, Ohio, threw a ceremonial first pitch at Dodger Stadium before the NLCS Game One. Dacey described the experience as 'truly once-in-a-lifetime' and expressed gratitude to loanDepot.

Throughout the 2024 MLB season, fans played along with the Ballpark Bingo card as major milestones unfolded. The campaign featured two grand prizes: an all-expenses-paid trip to MLB All-Star Week and a trip to Game One of either the ALCS or NLCS with the chance to throw a ceremonial first pitch.

loanDepot has successfully closed a $300 million asset-backed transaction through the offering of notes by Mello Warehouse Securitization Trust 2024-1 (MWST Notes). This marks the tenth transaction of this kind for the company. The MWST Notes are backed by a revolving warehouse line of credit, secured by newly originated, first-lien, fixed-rate or adjustable-rate residential mortgage loans.

These loans are originated in accordance with the criteria of Fannie Mae, Freddie Mac, or Ginnie Mae for mortgage loan purchases or securities guarantees, along with certain other eligibility criteria. loanDepot's Chief Financial Officer, David Hayes, stated that this transaction demonstrates the strength and breadth of the company's financing strategy and attractive capital raising alternatives.

loanDepot (NYSE: LDI) has appointed Bryan Bergjans as its national director of military growth and strategy, strengthening its Veterans Administration (VA) lending program. Bergjans, a U.S. Navy Veteran and respected military advocate, brings nearly two decades of military experience and a passion for serving the active-duty military and Veteran community. This strategic move aligns with loanDepot's mission to enhance its VA lending capacity and expertise.

Executive Vice President John Bianchi emphasized that this appointment reinforces loanDepot's commitment to VA lending, aiming to become the premier home loan provider for servicemembers and Veterans. Bergjans, known for his industry-first initiatives and impressive growth strategies, joins loanDepot after eight years at Caliber Home Loans. He continues to serve in the Navy Reserves and has a track record of creating educational programs and initiatives to support military homeownership.

loanDepot (NYSE: LDI) has appointed Nancy Smith as Regional Vice President for Colorado and Wyoming, leading its In-Market Retail branches in these states. Smith brings extensive experience in sales leadership and a strong track record in the Mountain States region. Colorado, with its rapid population growth of 19.25% from 2010 to 2023, is a key market for loanDepot. Wyoming, an emerging market traditionally underserved by independent mortgage banks, will benefit from Smith's leadership.

Smith's appointment aligns with loanDepot's strategy to provide deep local expertise and industry knowledge to homebuyers and real estate professionals. Her focus on team growth and development, based on integrity, respect, and accountability, matches loanDepot's company culture. The company expects Smith's leadership to enhance its services in these markets and attract top producers in the region.

loanDepot's President and CEO Frank Martell has been recognized as a HousingWire Vanguard for the second consecutive year, highlighting his visionary leadership in the housing industry. This prestigious award, celebrating its 10th year, acknowledges top leaders driving transformative growth and setting new standards of excellence.

Under Martell's leadership, loanDepot (NYSE: LDI) has implemented its Vision 2025 strategic plan, focusing on significant investments in people, platforms, and programs. The company has been named 'Best Lender for First-Time Buyers' by the Wall Street Journal for two consecutive years and has introduced innovative products like accessZERO and accessONE+ down payment assistance programs. Martell's commitment to supporting diverse first-time homebuyers and established homeowners has strengthened loanDepot's position as a lifetime partner in the homeownership journey.

loanDepot (NYSE: LDI) has expanded its equityFREEDOM product suite to include a first-lien home equity line of credit (HELOC). This new offering targets the 38.5% of American homeowners without a mortgage, allowing them to borrow against their home's equity for large expenses or debt consolidation. The equityFREEDOM First-Lien HELOC offers flexible terms, including a three-year draw period and, in most states, a 10-year interest-only payment period followed by a 20-year amortizing repayment term. The product is currently available in seven states with plans for a national rollout by late 2024. This addition strengthens loanDepot's portfolio of products supporting customers throughout their homeownership journey.