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.
Track official announcements and financial developments from loanDepot Inc (LDI), a leading nonbank lender in mortgage and consumer finance. This centralized hub provides investors and stakeholders with verified updates on corporate milestones, regulatory compliance, and market strategies.
Find timely coverage of quarterly earnings, strategic partnerships, and technology initiatives shaping the company's position in residential lending. The curated feed includes press releases on product launches, leadership updates, and operational expansions across retail and digital channels.
Bookmark this page for direct access to loanDepot's latest communications, including insights into home equity solutions and evolving industry regulations. Stay informed about critical developments affecting one of America's largest nonbank mortgage providers.
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.
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).
