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 leading nonbank consumer lender in the United States, specializing in home purchase and refinance loans, personal loans, and home equity products. With a robust presence nationwide, loanDepot operates under various brand names, including loanDepot.com, imortgage, Mortgage Master, and LDWholesale.
Founded with the mission to simplify the loan process, loanDepot leverages advanced technology to serve customers through multiple distribution channels. These include five online business production centers, over 130 lending stores, and a workforce of more than 5,000 employees, including over 1,500 licensed loan officers. The company is licensed in all 50 states and maintains dual corporate headquarters in Foothill Ranch, CA, and Plano, TX.
loanDepot's diverse operations include retail, consumer direct, wholesale, affinity, and servicing divisions. The company is an approved seller and servicer for major government-sponsored enterprises like Fannie Mae, Freddie Mac, and Ginnie Mae, ensuring a broad range of mortgage products for its clients.
In recent years, loanDepot has made significant strides in the industry, driven by its innovative approach and customer-centric services. The company's comprehensive product portfolio and extensive reach enable it to compete effectively with traditional banks and other financial institutions. Whether it's a first-time homebuyer looking for a mortgage or a homeowner seeking to refinance, loanDepot provides tailored lending solutions to meet diverse needs.
For more information about loanDepot and its offerings, visit loandepot.com.
loanDepot, the second largest nonbank retail lender in the U.S., raised over $665,000 for Boys & Girls Clubs of America through its 'Home Means Everything' RBI campaign during the MLB season. The company donated $25 for every regular season RBI, accumulating $550,000, and contributed $1,000 per RBI during the ALCS and NLCS, adding another $115,000. This funding will support local clubs and national programs, benefitting more than 4 million youth nationwide. CEO Anthony Hsieh emphasized the importance of community support in their mission.
loanDepot, Inc. (LDI) will announce its third quarter 2021 financial results on November 1, 2021, before market open. A conference call is scheduled at 11:00 a.m. ET for a review of the results, followed by a Q&A session. Investors can access the call via phone or the company's investor relations website. loanDepot, recognized as the nation's second largest retail mortgage lender, utilizes its mello® technology to innovate the mortgage industry since its inception in 2010. For further details, visit investors.loandepot.com.
Glancy Prongay & Murray LLP announces that investors suffering significant losses from loanDepot (NYSE: LDI) have the chance to lead a securities class action lawsuit. This opportunity pertains to events following the company's IPO in February 2021, with a lead plaintiff deadline set for November 8, 2021. The lawsuit alleges that loanDepot failed to disclose critical information about declining refinance originations and margins, which misled investors regarding the company's financial health and growth prospects.
Target Hospitality Corp. (NASDAQ: TH) has appointed Pamela Hughes Patenaude to its board of directors as part of its strategy to enhance government services. Effective September 20, 2021, Patenaude brings extensive experience from her roles in federal government and nonprofit sectors, focusing on housing and disaster recovery. This appointment aims to strengthen Target's ability to pursue growth opportunities within government markets. Target Hospitality is recognized as North America's largest provider of modular accommodations and hospitality services, offering a variety of value-added solutions.
loanDepot (NYSE: LDI) announced second-quarter results for 2021, revealing a total revenue of $779.9 million, down 41% quarter-over-quarter. Loan origination volume decreased 17% to $34.5 billion, primarily from lower gain on sale margins and decreased rate lock volume. Despite lower revenues, the company remains confident in its market position, noting increased market share and successful purchase loan originations. Diluted EPS was $0.07, down from $0.36 in Q1. The company is implementing cost-cutting measures and expanding its servicing portfolio, which reached $138.8 billion.
loanDepot (NYSE: LDI) has appointed Mike Linton and Pamela Hughes Patenaude to its board of directors, enhancing its leadership team. Linton brings over 35 years of experience in marketing and customer relations, previously holding key roles at Ancestry and Farmers Insurance. Patenaude, known for her extensive background in housing policy, served as deputy secretary of the U.S. Department of Housing and Urban Development. CEO Anthony Hsieh emphasized the significance of this leadership expansion during a critical growth period for the company, which has funded over $350 billion in mortgage loans since its inception.
loanDepot (NYSE: LDI) and mellohome announced the launch of the Grand Slam package, a comprehensive suite of home buying and selling services aimed at simplifying the transaction process for consumers. The package combines real estate services with mortgage financing, available nationwide from October 1, 2021. Customers can benefit from incentives such as up to $7,000 cashback and a close-on-time guarantee. This initiative reflects loanDepot's commitment to enhancing the homeownership journey and its position as a leading mortgage provider.
loanDepot (NYSE: LDI) will announce its second quarter 2021 financial results on August 3, 2021, prior to market opening. A conference call will follow at 11:00 a.m. ET, available via the investor relations website. The company, recognized as the second largest retail nonbank lender in the U.S., has funded over $350 billion in mortgage loans since its inception in 2010. loanDepot continues to innovate within the mortgage industry through its mello® technology, ensuring a comprehensive experience for customers.
On June 30, 2021, loanDepot (NYSE: LDI) announced the appointment of George Brady as Chief Digital Officer, effective July 6. He will oversee loanDepot's technology capabilities, focusing on its proprietary mello® platform to drive innovation in the mortgage industry. Brady brings 35 years of experience, having previously served as CTO at Capital One. This strategic appointment aims to enhance loanDepot's technological standards and customer experience in mortgage lending, further solidifying its position as a leading nonbank lender.
loanDepot (NYSE: LDI) has appointed Karin Lockovitch as Executive Vice President and Chief Risk Officer, effective immediately. With extensive experience in risk management and compliance, Lockovitch will oversee enterprise risk management at the company. Previously, she served in senior risk roles at Bank of the West, Zions Bancorporation, and Ally Financial, among others. loanDepot has funded over $350 billion in mortgage loans since its inception and ranks as the second-largest retail nonbank lender in the U.S., emphasizing a commitment to customer service and risk management.
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