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) and Smith Douglas Homes have appointed Teresa Carlile as president of their newly formed joint venture, Ridgeland Mortgage. With over 25 years of leadership experience in the mortgage industry, particularly in the Atlanta area, Carlile will lead the business' growth and daily operations.
The joint venture aims to provide financing solutions for Smith Douglas Homes' customers, combining the homebuilder's focus on quality homes at competitive prices with loanDepot's lending expertise. Ridgeland Mortgage plans to operate in multiple markets across the Southeast and Texas, including Atlanta, Houston, Birmingham, Charlotte, Chattanooga, and other major cities.
loanDepot (NYSE: LDI) has been recognized in the Orange County Business Journal's 2024 'Companies That Care' report for its community contributions. The company's recognition stems from its extensive community involvement, including its partnership with Habitat for Humanity's 'Home is the Key' campaign, where employees helped construct multi-family homes and playhouses.
The company demonstrates significant commitment to military communities through the War Heroes on Water (WHOW) tournament, which has raised over $7 million for combat-wounded veterans. LDI also supports the Marine Corps Scholarship Foundation and sponsors Military Appreciation Day at the HOAG Classic.
Additional community initiatives include support for the American Heart Association's Go Red for Women campaign, STEM education mentorship, and partnerships with organizations like the American Red Cross of Orange County, Operation HOPE, and Second Harvest Food Bank.
loanDepot (NYSE: LDI) has launched its new 'Home Means Everything' brand campaign, showcasing real customer stories about their homeownership journeys. The campaign will be distributed across various platforms, including social media, Connected TV, and YouTube, featuring mid-form videos supported by dedicated landing pages with educational resources. Each landing page allows users to explore detailed stories and connect with loanDepot's team. The first story features a U.S. Navy Veteran and his wife, demonstrating how loanDepot assisted them in their homeownership process.
loanDepot (NYSE: LDI) has been recognized as one of 2024's 'Best Military Lenders' by National Mortgage Professional for its exceptional service to military members, spouses, and Veterans. The company has strengthened its VA lending program by appointing former U.S. Army Sergeant David Smith as VP of National VA Lending and U.S. Navy Veteran Bryan Bergjans as National Director of Military Growth and Strategy.
The company offers comprehensive VA lending solutions, including programs with a 520 minimum FICO score and VA renovation loans. loanDepot provides VA Masterclass for originators and free public online training to increase awareness about VA loans. The company also supports military families through investments in organizations like the Marine Corps Scholarship Foundation and War Heroes on Water.
loanDepot (NYSE: LDI) reported a return to profitability in Q3 2024 with net income of $3 million, compared to a net loss of $34.3 million in Q3 2023. Revenue increased 18% year-over-year to $315 million, driven by higher volumes and margin growth. The company achieved a pull-through weighted gain on sale margin of 329 basis points, the highest since market downturn began. Loan origination volume reached $6.7 billion, up 9% from Q3 2023. The company maintains strong liquidity with $483 million in cash. loanDepot completed its Vision 2025 strategic program and launched Project North Star, focusing on durable revenue growth and operational efficiency.
loanDepot (NYSE: LDI) and Smith Douglas Homes (NYSE: SDHC) have announced a new joint venture called Ridgeland Mortgage. The partnership aims to provide streamlined financing options for new home buyers, combining Smith Douglas Homes' expertise in building quality affordable homes with loanDepot's lending platform.
The venture will operate in multiple markets across the Southeast and Southern regions, including Atlanta, Houston, Birmingham, Charlotte, Chattanooga, and Nashville. The collaboration focuses on serving first-time homebuyers while expanding loanDepot's presence in the purchase mortgage market and supporting Smith Douglas Homes' growth strategy.
loanDepot (NYSE: LDI), a key player in the homeownership sector, announced that its Chief Information Security Officer, Mike Brown, has been honored with HousingWire’s 2024 Tech Trendsetters award. This accolade highlights the most impactful and innovative technology leaders in the housing economy. HousingWire stated that the Tech Trendsetters are comprised of top product and technology leaders essential in bringing innovative tech solutions to market. George Brady, loanDepot's Chief Information Officer, emphasized that the company's vision to be an innovative, customer-focused mortgage lender is driven by Mike Brown and his team.
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.
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