While mortgage originations were up 34% from a year ago, to $7.2B, shares dip below 12-month low after company executives said they don't expect Q1 2025 lending to surpass $5.5B
Martell will transition into a board advisory role by June, and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday
With listings scarce and refinancings sluggish, the strategy of partnering with homebuilders to form joint ventures like Onx X+ Mortgage is to grow loanDepot's purchase loan business
Beleaguered lender ekes out $2.67M Q3 profit on $315M in revenue, with loan originations up 9% from a year ago as mortgage refinancing bounces back on retreating rates
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Pending $25M settlement of January cyberattack adds to $66M Q2 net loss, but executives say they're in a better position to grow after selling $29B in mortgage servicing rights
These Inman Connect Las Vegas panels highlighted the immense value of community and collaboration in driving our industry forward, Inside Real Estate's Stacey Soleil writes
HomeLight CEO Drew Uher says he's glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees the value of being in lending 'in a very selective way' to help agents close deals
Rising cost of construction, insurance and property taxes creating obstacles for homebuyers that require help from real estate agents and mortgage lenders: LoanDepot CEO Frank Martell
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In addition to $15M in direct costs, loanDepot says it lost an additional $22M in revenue while systems were down and clients couldn't lock, contributing to $72M Q1 net loss
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As mortgage rates soared last year, loanDepot slashed $693M in annual expenses but saw loan origination volume plunge by 58% from the year before, to $22.7B, as refinancings evaporated
The mortgage lender has restored websites that collect payments, accept loan applications and match homebuyers with partner real estate agents after Jan. 4 cyberattack
After months of beta testing, loanDepot's melloNow underwriting engine can analyze credit reports, detect fraud, and validate income and employment data without human assistance