Loandepot Inc Stock Price, News & Analysis

loanDepot, Inc. (NYSE: LDI), a leading provider of lending solutions for homeownership, has announced the release date for its second quarter 2024 financial results. The company will disclose its Q2 2024 results on August 6, 2024, after market close. Following the release, management will host a conference call and live webcast at 5:00 p.m. ET on the company's investor relations website.

Investors and analysts can participate in the call by dialing (800) 715-9871 with Conference ID: 9881136. A webcast will also be available at https://events.q4inc.com/attendee/410319294. After the event, a replay of the webcast will be accessible on the Investor Relations website.

loanDepot (NYSE: LDI) has introduced a new home equity loan to its equityFREEDOM product suite, addressing the record $32.7 trillion in home equity held by Americans. This addition, along with their existing HELOC offering, provides homeowners with powerful financial tools to access equity without sacrificing low mortgage rates.

The equityFREEDOM Home Equity Loan offers:

• 20-year, fully amortizing loan with no prepayment penalty
• Borrowing up to $350,000 based on credit profile and CLTV
• Maximum 90% CLTV
• Potential for significant interest savings compared to high-interest credit cards

loanDepot aims to help homeowners manage financial health and combat inflation through these equity-based solutions, with plans to further expand the product suite later this summer.

LoanDepot (NYSE: LDI) has announced the recognition of three of its women leaders in the housing industry. Viviana Abarca, Managing Director of Mortgage Lending Operations, won Mortgage Women Magazine’s 2024 'Mortgage Star Award'. Mary Bane, Vice President of Regional Production, and Romina Zamanpour, a Diamond Licensed Lending Officer, received HousingWire's 2024 'Women of Influence' award. These awards highlight their significant contributions and leadership in the industry. Moreover, 25 LoanDepot team members were included in Scotsman Guide’s 2024 Top Women Originators list, and 13 women were named to the National Association of Hispanic Real Estate Professionals (NAHREP) 2024 national and regional lists.

loanDepot President and CEO Frank Martell has been awarded Inman’s “Best of Finance” award for the second consecutive year. The award celebrates top performers in the mortgage and finance industry who are driving innovation and reshaping the home-buying experience. Martell's recognition underlines loanDepot's commitment to its Vision 2025 plan, which aims to serve a diverse community of first-time homebuyers and foster lasting customer relationships. This accolade follows Martell's inclusion on Inman’s 2024 “Power Player” list. Martell will share his vision for loanDepot at Inman Connect Las Vegas on July 31, 2024.

SmartRent has appointed Frank Martell to its Board of Directors. Martell, who is also the CEO of loanDepot, brings over 30 years of executive leadership in real estate data analytics and business intelligence. He will serve on SmartRent's Audit and Nominating and Corporate Governance Committees. Martell’s background includes transforming CoreLogic into a global leader in residential property data with a 10X market cap increase during his tenure. At loanDepot, he developed the Vision 2025 strategic program to address market downturns and enhance long-term value. Martell’s expertise is expected to help SmartRent scale its smart home technology solutions and bolster shareholder value.

loanDepot announced that 27 of its originators have been recognized by the National Association of Hispanic Real Estate Professionals (NAHREP) for their exceptional performance. Among them, Mario Cerrato from Florida ranked 9th on the 'Top 250 Latino Mortgage Originators' list. This marks the fourth consecutive year loanDepot originators have been honored by NAHREP. The recognized originators helped 2,046 families across 13 states achieve homeownership in 2024. loanDepot has supported 1,739,792 families nationwide in their homeownership journeys. The company emphasizes purpose-driven lending and offers resources like Spanish-language loan applications and various loan assistance programs to support the Hispanic community. loanDepot also provides professional development programs for its originators and recruits diverse talent through initiatives like the ACES program.

loanDepot (NYSE: LDI) has finalized an exchange offer, refinancing and extending the maturity of $477.955 million of 6.500% Senior Notes due 2025. Approximately 96% of these notes were tendered and accepted. To refinance, loanDepot will pay $185 million in cash and issue $340.646 million in new 8.750% Senior Secured Notes due 2027. This move is part of their Vision 2025 Strategic Plan aimed at deleveraging the balance sheet and positioning the company for growth and profitability. The settlement date is expected to be June 24, 2024, leaving $19.795 million of the old notes outstanding.

loanDepot (NYSE: LDI) has promoted Viviana Abarca to Managing Director of Mortgage Lending Operations. Reporting to CEO Frank Martell, Abarca will join the Executive Committee and be based in the Phoenix-area hub. Abarca's promotion aligns with the Vision 2025 strategic plan, which focuses on transforming originations, investing in growth, right-sizing cost structures, and optimizing the organizational structure. Abarca brings over 11 years of leadership experience at loanDepot and aims to elevate operational capabilities for accelerated growth and stakeholder value. Martell emphasizes Abarca's role in enhancing automation and customer-facing tools.

loanDepot (NYSE: LDI) announced that its CMO, Alec Hanson, has been named a “2024 HousingWire Marketing Leader.” This accolade highlights Hanson’s innovative contributions to the mortgage industry, focusing on consumer education and strategic marketing campaigns.

Under Hanson’s leadership, loanDepot has launched educational platforms like 'Home School' and the 'mellominute' series, which provide information to aspiring homeowners. The initiatives align with loanDepot's Vision 2025 goals of better serving first-time homebuyers. Hanson’s approach aims to simplify the homeownership process, empowering consumers with knowledge.

HousingWire recognizes Hanson for transforming brands and driving business results within the housing market. loanDepot President Jeff Walsh commended Hanson’s efforts in aiding consumers through the complex journey of homeownership and creating value for loan originators.