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loanDepot, Inc. - LDI STOCK NEWS

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.

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loanDepot, Inc. (NYSE: LDI) Chief Information Officer George Brady has received HousingWire’s 2023 'Tech Trendsetters' award for his impactful and innovative leadership in the housing economy. The company's focus on customer service and leading-edge technology platforms has driven increasing value to customers. Brady and his team are key enablers of loanDepot’s Vision 2025 plan, which includes critical technology accomplishments such as the launch of a national digital HELOC offering and an upgrade of the company’s direct lending customer acquisition platform.
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loanDepot, Inc. (NYSE: LDI) joins EXIT Realty Corp. International’s strategic partner network, providing EXIT associates with access to a wide mortgage product mix and exceptional service. The partnership aims to support customers' homeownership goals amidst challenges in the housing market. loanDepot's extensive product portfolio includes affordable housing and downpayment assistance programs, catering to the needs of aspiring and repeat homebuyers.
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loanDepot, Inc. (NYSE: LDI) narrows net loss for third consecutive quarter, expands productivity program, and maintains strong liquidity position. Quarterly net loss narrowed by $15 million or 31% to $34 million from the second quarter of 2023. Revenue decreased 2% to $266 million from second quarter 2023.
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loanDepot, Inc. has promoted VA lending expert David Smith to the newly-created role of Vice President of National VA Lending. Smith will drive the company's national VA lending strategy and lead loanDepot's VA Council. He will also continue to advance the company's outreach to the military community and industry professionals to help them better understand and utilize VA mortgage products.
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loanDepot, Inc. has launched the accessZERO program to make homeownership more accessible for aspiring homebuyers. The program offers up to five percent in downpayment assistance for FHA purchase mortgages. It is available nationwide and open to first-time and repeat homebuyers who meet credit score and debt-to-income ratio requirements.
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loanDepot, Inc. will release its Q3 2023 financial results on November 7, 2023. A conference call and webcast will be held to discuss the results.
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loanDepot partners with MLB and Habitat for Humanity to support affordable housing
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loanDepot CEO Frank Martell recognized as a 2023 HousingWire Vanguard honoree
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loanDepot appoints Dan Hanson as executive director of enterprise partnerships and acquisitions to drive growth and expand portfolio of programs and partnerships.
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FAQ

What is the current stock price of loanDepot (LDI)?

The current stock price of loanDepot (LDI) is $2.34 as of November 22, 2024.

What is the market cap of loanDepot (LDI)?

The market cap of loanDepot (LDI) is approximately 461.4M.

What services does loanDepot, Inc. provide?

loanDepot, Inc. offers home purchase and refinance loans, personal loans, and home equity products.

Where is loanDepot, Inc. headquartered?

loanDepot, Inc. has dual corporate headquarters in Foothill Ranch, CA, and Plano, TX.

Is loanDepot, Inc. licensed nationwide?

Yes, loanDepot, Inc. is licensed to operate in all 50 states.

What are some of the brand names loanDepot operates under?

loanDepot operates under the brand names of loanDepot.com, imortgage, Mortgage Master, and LDWholesale.

How many employees does loanDepot have?

loanDepot employs over 5,000 people, including more than 1,500 licensed loan officers.

What types of loans does loanDepot offer?

loanDepot offers personal loans, residential home loans, home refinancing, mortgage loans, and home equity loans.

Who are loanDepot’s competitors?

loanDepot competes with commercial banks and other financial institutions.

How does loanDepot serve its customers?

loanDepot serves customers through online business production centers, retail branches, wholesale centers, and consumer finance and servicing centers.

Is loanDepot an approved seller and servicer for government-sponsored enterprises?

Yes, loanDepot is an approved seller and servicer for Fannie Mae, Freddie Mac, and Ginnie Mae.

How can I learn more about loanDepot?

You can learn more about loanDepot by visiting their website at https://www.loandepot.com/.

loanDepot, Inc.

NYSE:LDI

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461.42M
71.75M
21.51%
32.19%
1.22%
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