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. President and CEO Frank Martell has been recognized on Inman's 2024 'Power Players' list, showcasing influential leaders in the real estate, mortgage, finance, and proptech industries. Martell's recognition highlights loanDepot's commitment to helping families achieve homeownership and its focus on customer impact. This is the second consecutive year Martell has been recognized, demonstrating his consistent leadership in the industry.
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loanDepot, Inc. (LDI) provided an update on a cyber incident, revealing that approximately 16.6 million individuals' sensitive personal information was accessed by an unauthorized third party. The company is working with forensics and security experts to restore normal operations and is offering credit monitoring and identity protection services to the affected individuals. CEO Frank Martell expressed regret over the impact on customers and emphasized the team's efforts to support customers, partners, and each other. President Jeff Walsh highlighted the company's commitment to enabling customers to achieve their financial goals and dreams of homeownership. The company will provide operational updates on its microsite at loandepot.cyberincidentupdate.com.
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loanDepot, Inc. (NYSE: LDI) announced its mellohome real estate affiliate's new partnerships with top providers in the solar, home improvement, and home maintenance spaces as part of the Key Vision 2025 initiative. The partnerships aim to enhance and optimize customers' homeownership journeys by offering valuable tools for maintaining or upgrading their homes, supporting loanDepot's purchase mortgage, refinance, and home equity customers. The partnerships also expand mellohome's ability to support customers throughout their entire homeownership journey.
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loanDepot, Inc. (LDI) has been recognized in Orange County Business Journal’s 'Companies That Care' report, highlighting the company's commitment to strengthening the Orange County community. loanDepot's culture of volunteerism and community support earned it a place on the list for its ongoing support of non-profit organizations in Orange County.
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loanDepot, Inc. (NYSE: LDI) unveils melloNow, a fully automated underwriting engine that provides a fully conditional loan approval in minutes, improving the customer and loan origination experience. The system utilizes dynamic logic to reduce cycle times, drive down costs, and deliver a significantly faster evaluation and underwriting process. melloNow enhances the overall loan quality, eliminates surprises, and provides a fast and seamless digital experience for consumers, marking an important milestone in loanDepot's digital-first approach to home lending solutions.
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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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FAQ
What is the current stock price of loanDepot (LDI)?
The current stock price of loanDepot (LDI) is $1.78 as of January 23, 2025.
What is the market cap of loanDepot (LDI)?
The market cap of loanDepot (LDI) is approximately 339.7M.
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
LDI Rankings
LDI Stock Data
339.67M
76.61M
16.36%
32.22%
0.86%
Mortgage Finance
Finance Services
United States of America
IRVINE