Annuncio • Jun 02
loanDepot, Inc. Announces Appointment of Joseph Grassi to Chief Legal and Risk Officer loanDepot, Inc. announced that Chief Risk Officer Joseph Grassi had been promoted to Chief Legal and Risk Officer. As Chief Legal and Risk Officer, Grassi leads loanDepot’s legal strategy, corporate governance and legal affairs, as well as the Company’s regulatory compliance, loan quality and enterprise risk management functions. He reports directly to loanDepot Founder and CEO Anthony Hsieh. Grassi has served as loanDepot’s Chief Risk Officer since 2022 and brings more than 35 years of experience in consumer lending law, mortgage regulation, compliance and risk oversight. During his tenure at loanDepot, he has played a critical role in strengthening the Company’s risk and regulatory compliance functions. Key accomplishments at loanDepot include strengthening relationships with government-sponsored enterprises, including Fannie Mae and Freddie Mac, enhancing processes and execution across loan quality and risk management, and increasing engagement with policymakers, regulators and government agencies in Washington, D.C. Grassi is also an active leader within the mortgage industry, strengthening loanDepot’s advocacy presence through his work with the Mortgage Bankers Association (MBA). He currently serves as Co-chair of the MBA Legal Issues and Regulatory Compliance Committee, is a frequent speaker at MBA conferences, and previously served as Co-chair of the MBA Independent Mortgage Bankers Executive Committee. Grassi brings significant experience in real estate finance and consumer lending compliance and law, including leadership positions at Celebrity Home Loans, the U.S. Department of Housing and Urban Development, Guaranteed Rate and Prospect Mortgage. He also held roles at Freddie Mac. Grassi spent 20 years as a senior attorney for Fannie Mae, including as lead counsel for its Multifamily and Single-Family businesses. He ultimately served as Interim General Counsel and Corporate Secretary for Fannie Mae, where he was responsible for overseeing Fannie Mae’s legal, government and industry relations departments and providing strategic counsel to the CEO and Board of Directors. Grassi began his career at Philadelphia-based law firm Obermayer, Rebmann, Maxwell & Hippel and holds both a Juris Doctor and a Bachelor of Science in Business Administration from Villanova University. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Steve Ozonian was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • May 17
loanDepot, Inc. has filed a Follow-on Equity Offering in the amount of $100 million. loanDepot, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Annuncio • Apr 25
loanDepot, Inc., Annual General Meeting, Jun 04, 2026 loanDepot, Inc., Annual General Meeting, Jun 04, 2026. Annuncio • Apr 17
loanDepot, Inc. to Report Q1, 2026 Results on May 05, 2026 loanDepot, Inc. announced that they will report Q1, 2026 results After-Market on May 05, 2026 Annuncio • Feb 25
loanDepot, Inc. to Report Q4, 2025 Results on Mar 10, 2026 loanDepot, Inc. announced that they will report Q4, 2025 results After-Market on Mar 10, 2026 Annuncio • Nov 06
loanDepot Appoints Nikul Patel Chief Growth Officer loanDepot, Inc. announced it has appointed renowned fintech leader Nikul Patel as its Chief Growth Officer. In this role, Patel will be responsible for growth opportunities, acquisition activities and customer engagement. From co-founding disruptive startups to steering a major fintech player through exponential growth, Patel’s career reflects a passion for transforming consumer finance. Most recently, he served as the Co-Founder and Chief Executive Officer of LoanGlide, an embedded financing platform that provided personal loans for home improvement. From 2012 to 2019, he held a variety of leadership roles at LendingTree, including Chief Product Officer, Chief Operating Officer and Chief Strategy Officer. Notably, it was a period of extraordinary growth for the company, fueled by a slate of innovative product launches that transformed the company into a diversified personal finance shopping platform, during which the stock price grew more than 50x. Prior to that, he co-founded Movoto.com, an online real estate search platform that helps shoppers find their perfect home. Patel earned an MBA from the Wharton School at the University of Pennsylvania and an MS in Computer Engineering from Florida Atlantic University. Annuncio • Oct 23
loanDepot, Inc. to Report Q3, 2025 Results on Nov 06, 2025 loanDepot, Inc. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Annuncio • Oct 14
Loandepot, Inc. Announces Promotion of Bill Goforth to Senior Vice President of Consumer Direct Lending Sales loanDepot, Inc. announced that Founding Employee and Executive Vice President of Consumer Direct Lending Alex Madonna will focus on using emerging technology, including AI, and contemporary sales structures to drive scale and operating efficiency, reporting to Hsieh. Regional sales leader Bill Goforth has been promoted to Senior Vice President of Consumer Direct Lending Sales, where he will lead the company’s national sales force and focus on building a best-in-class sales organization, reporting to Madonna. Annuncio • Oct 13
loanDepot, Inc. Appoints Rick Calle as Chief Strategy Officer loanDepot, Inc. announced that former long-time executive Rick Calle has returned as Chief Strategy Officer, overseeing strategy, mergers and acquisitions, and revenue operations. As head of revenue operations, Calle will be responsible for integrating the teams, tools and systems that drive the Consumer Direct Lending business including sales operations, strategy and analytics. Partnering with teams across Technology, Customer Contact, Marketing and Sales, he will lead the adoption of AI and other contemporary technologies on the horizon. From 2013 to 2022, Calle held various roles at loanDepot, serving as a trusted strategic advisor to Hsieh and the entire executive team. During that time his responsibilities included corporate strategy, mergers and acquisitions, and enterprise business development. In addition, he led the strategy and sales finance teams through a data strategy transformation, focused on enabling data-driven decision making through automation. He was heavily involved in the company’s IPO, as well as the game-changing acquisitions of imortgage and Mortgage Master that cemented loanDepot’s diversified origination strategy. He helped launch a consumer lending program and led the Company’s expansion into settlement services through multiple acquisitions. Prior to joining loanDepot, he served as an investment professional at Parthenon Capital Partners and worked in the mergers and acquisitions group at Barclays and Lehman Brothers. Annuncio • Sep 30
loanDepot Appoints Alec Hanson to Senior Vice President of Production for the West Division loanDepot, Inc. announced it has named Alec Hanson to Senior Vice President of Production for the West division. He joins Paul Ramos, Senior Vice President of Production for the Southeast/Mid-Atlantic division, and Mary Bane, recently promoted to Senior Vice President of Production for the Northeast/Central division, as part of a team of retail sales leaders who will work closely with President of Retail Lending Tom Fiddler to help drive growth and momentum for the Company. Hanson is a seasoned sales leader whose career as an originator began in 2004 when he was named Rookie of the Year by Scotsman Guide. He is the author of “Bypassed: A Modern Guide for Local Mortgage Pros Left Behind by the Digital Customer” and loanDepot’s “Modern Lending Playbook.” He joined loanDepot in 2011 through the company’s acquisition of imortgage, and since that time has held several different leadership positions throughout the company. Annuncio • Sep 26
loanDepot, Inc. Appoints Mary Bane to Senior Vice President of Production for the Northeast/Central Division loanDepot, Inc. announced the promotion of Mary Bane to Senior Vice President of Production for the Northeast/Central division. Bane brings more than 25 years of industry experience, including as a top producing originator and sales leader at companies such as Prospect Mortgage, Countrywide Home Loans and American Home Mortgage. Based in Chicago, she joined loanDepot in 2015 as a Regional Vice President to build the company’s Midwest region from the ground up. Under her leadership, the region grew from a team of one to become the company’s In-Market Retail territory, now spanning 13 states and nearly 350 employees. Known for her early dedication to serving first-time homebuyers, Bane developed deep expertise in government-backed loan programs well before they became industry standard. Annuncio • Sep 22
loanDepot, Inc. Appoints Adam Saab as Executive Vice President of Servicing loanDepot, Inc. announced the appointment of Adam Saab as Executive Vice President of Servicing. With more than 25 years of experience in mortgage servicing and subservicing, Saab joins loanDepot’s executive leadership team to oversee the Company’s servicing platform and loan portfolio, driving operational excellence and growth while ensuring regulatory compliance and a best-in-class customer experience. Saab has held senior leadership roles at CitiMortgage, PNC Bank, LoanCare and, most recently, Cenlar. There he led early-stage default operations and spearheaded a comprehensive redesign of servicing processes to meet evolving regulatory requirements, resulting in tighter cycle times, lower expenses, and improved customer outcomes. At LoanCare he managed a portfolio of 1.7 million loans across more than 75 clients, helping drive the company’s growth into the nation’s second largest subservicer at the time. At PNC Bank, he led both Mortgage and Consumer Operations, successfully merging platforms and best practices across multiple lending products. In his new role, Saab will lead loanDepot’s servicing division, overseeing daily operations, strategic initiatives, and cross-functional partnerships to deliver a seamless, tech-enabled borrower experience. He will be based in the Company’s Plano, TX office. Annuncio • Aug 09
loanDepot, Inc. Provides Earnings Guidance for the Third Quarter of 2025 loanDepot, Inc. provided earnings guidance for the third quarter of 2025. For the quarter, the company expected origination volume of between $5.0 billion and $7.0 billion. Pull-through weighted rate lock volume of between $5.25 billion and $7.25 billion. Pull-through weighted gain on sale margin of between 325 basis points and 350 basis points. Annuncio • Aug 08
loanDepot, Inc. Promotes Tom Fiddler to President of Retail Lending and Dan Peña to President of Partnership Lending loanDepot, Inc. announced it has promoted two of its key executive leaders into new roles expected to help the company drive top line growth, return to profitability and regain market share. Tom Fiddler will oversee all Retail loan production in a newly established position as President of Retail Lending. His responsibilities will include those of Executive Vice President of Retail Production John Bianchi, who is departing the Company. Dan Peña, who is currently Executive Vice President of National Joint Ventures, will serve as President of Partnership Lending. Tom Fiddler is a veteran mortgage industry leader with nearly four decades of experience across both originations and operations. He began his career as a retail loan originator, quickly rising to area sales manager before founding his own company in 1995. Following pivotal leadership roles at American Home Mortgage, Countrywide and Prospect Mortgage, Fiddler joined loanDepot in 2015. In recent years he has served as the Senior Vice President of Production for the East Division, where he drives production excellence across the Retail channel. Dan Peña an industry veteran with three decades of experience, Peña began his career as a top-producing builder originator before moving into various sales and operations leadership positions. He has served as the head of loanDepot’s joint venture channel since 2015. In that time, he both strengthened the company’s existing partnerships and grew the number of new joint ventures, all while driving top-tier customer satisfaction and positioning the company as the partner of choice for many of the nation’s top home builders. In his new role, Peña will be focused on growing the channel and expanding the services loanDepot offers to its partners. Annuncio • Aug 05
loanDepot, Inc. Adds Mortgage Technology Trailblazers to Executive Team loanDepot, Inc. announced two executive appointments intended to drive profitable growth and operating leverage through the development of best-in-class technology. As Chief Digital Officer, Dominick Marchetti leads the Company’s overall digital transformation and strategy, ultimately responsible for using technology to drive improved operational outcomes and competitive advantage. As Chief Innovation Officer, Sean DeJulia is responsible for driving innovation throughout the loan manufacturing process across all of its production channels, with a strong focus on the top of the funnel. Marchetti, who served as loanDepot’s Chief Technology Officer from 2015 to 2019 and is regarded as one of the top mortgage technology leaders in the country, has spent most of his career building and redefining the way mortgage companies do business. He is also a serial entrepreneur who founded his first mortgage company in 1996. After loanDepot, Marchetti joined Rate to help drive its product innovation initiatives before launching his own mortgage tech strategy and consulting firm, Mezzo. At Mezzo he worked closely with many of the industry’s top lenders, building new products by leveraging industry experts and developing a deep understanding of the competitive landscape. DeJulia is a seasoned mortgage technology innovator who started his career with Empower (now Dark Matter Technologies) and honed his software engineering expertise over a decade at loanDepot. After loanDepot, he founded Lodasoft, which works with top mortgage lenders to streamline manufacturing workflows, improve operational efficiency, and reduce both cost and risk for its clients. That experience helped him gain a comprehensive perspective on the industry. In addition, DeJulia brings real-world lending experience to his work. As a mortgage originator, he gained invaluable insights into both loan origination and processing challenges as well as the customer experience, all of which inform his development of intuitive, compliant, and scalable solutions. As part of their charter for the next 90 days, Marchetti and DeJulia will evaluate the critical resources required to develop next generation tools and capabilities. Annuncio • Jul 29
loanDepot, Inc. Appoints Anthony Hsieh as Permanent Chief Executive Officer, Effective July 28, 2025 loanDepot, Inc. announced that Company Founder and Chairman of the Board Anthony Hsieh has been appointed permanent Chief Executive Officer by its Board of Directors, effective July 28, 2025. Hsieh has served as Interim CEO since the departure of Frank Martell on June 4, 2025. Hsieh is a respected industry veteran and lifelong entrepreneur who has spent his entire career in the mortgage business. He founded loanDepot in 2010 as a de novo startup and grew the business by an average of 38% year over year for the first decade to become the second largest retail lender in the nation, surpassing many iconic mortgage brands along the way. During that time, the Company differentiated itself with a laser focus on innovation, efficiency, and customer delight. In 2017, Hsieh introduced the Company’s proprietary point of sale software, mello®, which was celebrated as a best-in-class platform at the time and remains the platform of choice for originators today. Along the way Hsieh was recognized with various industry awards, including LendIt Fintech’s “Executive of the Year” in 2018. As part of his charter for the next 90 days, Hsieh plans to add several top-tier executives to his leadership team, expanding a best-in-class constellation of mortgage leadership talent. The team will be aligned to Hsieh’s innovation agenda and will be laser focused on improving Company performance in the near term while setting the stage for long-term growth and a return to industry leadership. Annuncio • Jul 23
loanDepot, Inc. to Report Q2, 2025 Results on Aug 07, 2025 loanDepot, Inc. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Annuncio • Apr 25
loanDepot, Inc., Annual General Meeting, Jun 04, 2025 loanDepot, Inc., Annual General Meeting, Jun 04, 2025. Annuncio • Apr 23
loanDepot, Inc. to Report Q1, 2025 Results on May 06, 2025 loanDepot, Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 Annuncio • Mar 08
loanDepot, Inc. Announces Management Changes loanDepot, Inc. announced that on March 3, 2025, the Board approved the transition and resignation of Frank Martell, the company’s President. Mr. Martell will continue to serve as President and CEO until the earlier of June 4, 2025 or the date of the 2025 Annual Meeting (the “Transition Date”), while the Company conducts a search for a permanent CEO to succeed Mr. Martell (the “CEO Transition”). Beginning March 6, 2025, Mr. Hsieh will serve as Executive Chairman, Mortgage Operations. In addition, on March 3, 2025, the Board appointed Mr. Hsieh, who currently serves as Chair of the Board, to an executive officer position of Executive Chairman, Mortgage Operations, of the Company, effective as of March 6, 2025. Mr. Hsieh, 60, founded loanDepot and has served as Chair of the Board since February 2021. Mr. Hsieh served as Executive Chairman from April 2022 to February 2023 and as CEO of loanDepot from February 2021 to April 2022 and as the Chair and CEO of the Company’s affiliate, loanDepot.com, LLC, between December 2009 (when the business was formed) until April 2022. Mr. Hsieh has more than 30 years of experience in the lending industry. Prior to starting loanDepot, in 2002, Mr. Hsieh founded Home Loan Center, Inc. He continued to lead the business for three years after it merged with IAC’s subsidiary, LendingTree in 2004. In 1989, he acquired a mortgage brokerage company and transformed it into LoansDirect.com. Annuncio • Mar 07
loanDepot, Inc. Announces CEO Changes loanDepot, Inc. announced a Board- and executive-level leadership transition. Company Founder, Chairman of the Board, and controlling shareholder Anthony Hsieh rejoins the loanDepot executive leadership team as Executive Chairman of Mortgage Originations, while Frank Martell has stepped down from his current posts, effective at the Company’s annual stockholder meeting on June 4, and will transition to a Board advisory role at that time. The Board plans to engage an executive search firm to conduct a CEO search during Martell’s transition period. If a permanent CEO has not been appointed by the time Martell’s resignation is effective on June 4, Hsieh will serve as interim CEO until a new CEO is appointed. Annuncio • Mar 04
loanDepot, Inc. Appoints Alec Hanson as SVP, Revenue Development and Growth loanDepot, Inc. has appointed Alec Hanson to a newly created role leading revenue development and growth initiatives, effective immediately. Hanson, who joined loanDepot in 2011 and currently serves as the company’s chief marketing officer, brings two decades of mortgage experience to the position. He will report to LDI Mortgage President Jeff Walsh. Executive Vice President TJ Freeborn will retain overall responsibility for the company’s marketing function, with a title change to chief marketing and customer experience officer. Among other things, Freeborn was responsible for the company’s sponsorship deals with Major League Baseball and the Miami Marlins, and her creative and content work led loanDepot to become one of the most recognized brands in the industry. She will continue to report directly to loanDepot President and CEO Frank Martell. In his new role, Hanson will play a critical role in advancing the company’s Project North Star strategic plan by capitalizing on new revenue opportunities, including the expansion of strategic partnerships and the development of a digital end-to-end customer nurture ecosystem. He will oversee the deployment of loanDepot’s next-generation customer relationship management platform, which will optimize customer engagement throughout the homeownership lifecycle while driving operational efficiencies. And, leveraging his roots and passion as a Retail loan originator, he will be responsible for taking the company’s best-in-class coaching and professional growth platform for In-Market Retail loan consultants to the next level, equipping originators with the support, tools and platform they need to achieve their goals. Hanson’s career as an originator began in 2004 when he was named Rookie of the Year by Scotsman Guide. He received HousingWire’s Rising Star award three times, in 2017, 2019 and 2021, and is the author of “Bypassed: A Modern Guide for Local Mortgage Pros Left Behind by the Digital Customer” and loanDepot’s “Modern Lending Playbook.” An industry thought leader with a strong entrepreneurial spirit, Hanson brought an originator’s mindset to the company’s marketing efforts. Among his accomplishments was transforming the company’s field-marketing capabilities into a true differentiator and helping drive the success of a number of high-impact digital marketing initiatives. Annuncio • Feb 25
loanDepot, Inc. to Report Q4, 2024 Results on Mar 11, 2025 loanDepot, Inc. announced that they will report Q4, 2024 results After-Market on Mar 11, 2025 Annuncio • Feb 13
loanDepot Expands equityFREEDOM Portfolio with 10- and 30-Year Home Equity Loan Terms loanDepot, Inc. has expanded its equityFREEDOM portfolio to provide nearly 50 million American homeowners with access to their tappable home equity. The expansion adds 10- and 30-year fixed-term options to the Company's existing 20-year fixed-rate home equity loan, complementing its first- and second-lien home equity lines of credit (HELOCs). With 75% of existing mortgages carrying rates below five%,2 homeowners are reluctant to sacrifice their current mortgage to move or refinance. These home equity loan term options provide additional ways for homeowners to leverage this powerful financial tool to lower borrowing costs without affecting their current mortgage rate. American homeowners, who are carrying a record $35 trillion in home equity,3 can use their home equity wisely for large expenses such as home renovations, college tuition, or to consolidate high interest credit card debt. Access to home equity is one of the most significant benefits of homeownership, as it can lower the cost of borrowing for large expenses. And, in many cases, the interest may be tax deductible. The equityFREEDOM application takes just minutes. loanDepot's home equity loan lets customers access the equity in their homes in a lump sum in one of three, fully amortizing loan terms while the HELOC offers flexible terms including a three-year draw period, and, in most states, a 10-year interest-only payment period followed by a 20-year amortizing repayment term. Each product allows homeowners to borrow up to $400,000, based on their credit profile and their home's combined loan-to-value ratio (CLTV). There are no prepayment penalties and, in many cases, borrowers may not need a new home appraisal. Annuncio • Jan 11
loanDepot, Inc. and Smith Douglas Homes Appoint Teresa Carlile as President for its Joint Venture, Ridgeland Mortgage Ridgeland Mortgage, the recently formed joint venture between loanDepot, Inc. and Smith Douglas Homes has appointed veteran mortgage leader Teresa Carlile as president. In her role, Carlile will lead the business' growth and daily operations, striving to provide a smooth and streamlined financing experience for Smith Douglas Homes' customers. With more than 25 years of leadership experience in the mortgage industry-notably in the Atlanta, Ga. area, a key growth market for Ridgeland-Carlile has a proven record of helping families achieve the American dream of homeownership. She also brings extensive experience working with national builders, providing valuable expertise to Smith Douglas Homes and the joint venture. The Ridgeland Mortgage joint venture supports Smith Douglas Homes' continued growth and success while expanding loanDepot's footprint in the purchase mortgage market. It pairs Smith Douglas Homes' focus on building high quality homes at attractive prices in growing markets with loanDepot's lending industry expertise and best-in-class platform. New Risk • Nov 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Significant insider selling over the past 3 months (€8.0m sold). New Risk • Nov 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Significant insider selling over the past 3 months (€8.0m sold). Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$0.007 (vs US$0.094 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.007 (up from US$0.094 loss in 3Q 2023). Revenue: US$269.5m (up 42% from 3Q 2023). Net income: US$1.37m (up US$18.0m from 3Q 2023). Profit margin: 0.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. New Risk • Nov 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (€8.0m sold). New Risk • Oct 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (€8.0m sold). Annuncio • Oct 23
loanDepot, Inc. to Report Q3, 2024 Results on Nov 05, 2024 loanDepot, Inc. announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 New Risk • Oct 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (€8.0m sold). Annuncio • Sep 19
loanDepot, Inc. Appoints Bryan Bergjans as Its National Director of Military Growth and Strategy loanDepot, Inc. continues to build on its strength in Veterans Administration (VA) lending with the appointment of U.S. Navy Veteran and VA lending powerhouse Bryan Bergjans as its national director of military growth and strategy. Bergjans, a highly respected national advocate for the military community, is a dynamic mortgage industry leader with nearly two decades of military experience and an abiding passion for serving the active-duty military and Veteran community. Bergjans, who joins loanDepot after eight transformative years at Caliber Home Loans, is currently serving in the Navy Reserves as the Readiness Officer for Navy Cargo Handling Battalion 11 HQ in Jacksonville, Fla. Among his many accomplishments, Bergjans created and taught a VA Home Loan Benefit curriculum for the St. Louis Association of Realtors, taught the National Association of Realtors’ Military Relocation Professional Designation Course, established a Military Spouse Advisory Council, and served as the host of Mortgage News Network’s Homeownership Heroes and Military Spouse Mondays programs. Recent Insider Transactions • Sep 11
Founder & Chairman recently sold €593k worth of stock On the 9th of September, Anthony Hsieh sold around 267k shares on-market at roughly €2.22 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.4m. Anthony has been a net seller over the last 12 months, reducing personal holdings by €7.3m. Recent Insider Transactions • Aug 22
Founder & Chairman recently sold €1.4m worth of stock On the 19th of August, Anthony Hsieh sold around 537k shares on-market at roughly €2.54 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anthony has been a net seller over the last 12 months, reducing personal holdings by €5.0m. Annuncio • Aug 22
loanDepot, Inc. Expands its equityFREEDOM Product Suite to Include First-Lien Home Equity Line of Credit loanDepot, Inc. has expanded its equityFREEDOM product suite to include a first-lien home equity line of credit (HELOC). This new HELOC allows the 38.5% of American homeowners without a mortgage to borrow from their home’s equity for large expenses such as home renovations or college tuition, or to consolidate high interest credit card debt. It adds another powerful financial tool to loanDepot's portfolio of products and services that support the lifetime homeownership journey of its customers. The ability to tap into equity is a major advantage of homeownership as it can lower the cost of borrowing for large expenses - and, in many cases, the interest may be tax deductible. Many HELOCs on the market today are second-lien loans, requiring homeowners to have an existing mortgage on their property. A first-lien HELOC is for borrowers who don’t have an existing mortgage on their house. The equityFREEDOM First-Lien HELOC allows such borrowers to access the equity in their homes with flexible terms which include a three-year draw period, and, in most states, a 10-year interest-only payment period followed by a 20-year amortizing repayment term. As part of its phased national roll out, loanDepot’s equityFREEDOM First-Lien HELOC is available now in Arizona, California, Florida, Georgia, Maryland, New Jersey and New Mexico, and will be introduced in additional states across the country by late 2024. Reported Earnings • Aug 07
Second quarter 2024 earnings released: US$0.18 loss per share (vs US$0.14 loss in 2Q 2023) Second quarter 2024 results: US$0.18 loss per share (further deteriorated from US$0.14 loss in 2Q 2023). Revenue: US$212.4m (down 11% from 2Q 2023). Net loss: US$32.2m (loss widened 37% from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Annuncio • Jul 24
loanDepot, Inc. to Report Q2, 2024 Results on Aug 06, 2024 loanDepot, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Annuncio • Jul 16
loanDepot, Inc. Adds Home Equity Loan to its EquityFREEDOM Suite of Home Equity Products loanDepot, Inc. introduced a new home equity loan to its equityFREEDOM product suite. Americans hold a record $32.7 trillion1 in home equity and of those who are still paying a mortgage, 63% carry an interest rate below 4%. The equityFREEDOM Home Equity Loan, along with the equityFREEDOM Home equity Line of Credit (HELOC), gives those homeowners powerful financial tools to lower their cost of borrowing without sacrificing their current mortgage rate. It allows homeowners to borrow up to $350,000, based on their credit profile and their home's combined loan-to-value ratio (CLTV), with a maximum of 90%, meaning a borrower may utilize up to 90% of the total available equity in their property between their first and second mortgage. The equityFREEDom Home Equity Line of Credit (HelOC) can take customers from quote to close in as little as three weeks, with flexible terms providing access to equity with a three-year draw period and, in most states, a 10-year interest-only payment period followed by a 20-year amortizing repayment term. Homeowners may borrow up to $250,000, with a maximum of 90% CLTV. Annuncio • Jun 18
loanDepot, Inc. Announces Promotion of Viviana Abarca to the Position of Managing Director of Mortgage Lending Operations loanDepot, Inc. announced it has promoted Viviana Abarca to the position of managing director of mortgage lending operations. Abarca, who will report directly to loanDepot President and Chief Executive Officer Frank Martell, will join the Company’s Executive Committee. She will be based in loanDepot’s Phoenix-area operations hub. Abarca is a seasoned mortgage professional who, over the past eleven years, has held a series of leadership positions with increasing responsibility at loanDepot. She most recently served as Executive Vice President of Lending Operations. In her new role, Abarca will be responsible for leading loanDepot’s loan processing, underwriting and closing operations. Abarca’s promotion is in line with the Company’s previously announced Vision 2025 strategic plan, which focuses on four main areas: First, transforming the originations business to drive purchase money transactions with an expanded emphasis on purpose driven lending. Second, investing in profitable growth-generating initiatives and critical business operating platforms and processes to support operating leverage and best-in-class quality and delivery. Third, aggressively right sizing the cost structure to address current and future projected market conditions. And fourth, optimizing and simplifying the organizational structure. Recent Insider Transactions • Jun 13
Founder & Chairman recently sold €566k worth of stock On the 11th of June, Anthony Hsieh sold around 310k shares on-market at roughly €1.82 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €844k. Anthony has been a net seller over the last 12 months, reducing personal holdings by €3.2m. Recent Insider Transactions • Jun 10
Founder & Chairman recently sold €83k worth of stock On the 3rd of June, Anthony Hsieh sold around 50k shares on-market at roughly €1.66 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €844k. Anthony has been a net seller over the last 12 months, reducing personal holdings by €2.7m. Recent Insider Transactions • May 20
Founder & Chairman recently sold €844k worth of stock On the 16th of May, Anthony Hsieh sold around 424k shares on-market at roughly €1.99 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.19 loss per share (vs US$0.25 loss in 1Q 2023) First quarter 2024 results: US$0.19 loss per share (improved from US$0.25 loss in 1Q 2023). Revenue: US$176.2m (down 20% from 1Q 2023). Net loss: US$34.3m (loss narrowed 20% from 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Annuncio • May 03
loanDepot Builds on Its Commitment to Consumer Education with New Home School Platform loanDepot, Inc. has introduced "Home School," marking an important step forward in the Company's strategy to empower today's consumers with the necessary knowledge to achieve their homeownership goals. Aligned with the different ways modern, tech-savvy consumers access and digest information, the comprehensive educational platform supports every stage of the homeownership journey delivering cohesive content across podcasts, videos, and written articles. Home School lives in the gap between thinking about making a move and taking the next step to contact a lender. Through informative videos and articles, Home School will guide aspiring borrowers with information specific to their journey and unique needs. The content will be designed with tailored pathways for different market segments, such as: First-time homebuyers, Veterans, Second home or investment property buyers, Home renovators and Reverse mortgage candidates. Understanding podcast listenership is expected to grow 11% in 2024, and will continue to grow through the end of the decade1, loanDepot also created the Home School podcast to capture the attention of today's consumers delivering into a variety of subjects. The podcast will feature guest interviews with housing market and financial planning experts such as Realtors, contractors, Certified Public Accountants, Certified Financial Planners and many more adjacent financial and home service providers. In addition to directly supporting consumers, Home School serves as a valuable asset for loanDepot's retail loan originators, who can personalize and adapt its content to fit their own go-to-market strategies. By tailoring the content for their own geographic locations, originators can cultivate their personal brands and establish themselves as trusted sources of helpful information within their communities. Annuncio • Apr 30
loanDepot, Inc. Introduces New ‘VA Loan Officer Master Class’ for Originators Seeking to Better Serve the Military Community and Grow Their Business loanDepot, Inc. has added a new, purpose-built ‘VA Loan Officers Master Class’ to its robust suite of training and originator support resources. This newest program joins another highly specialized course call the ‘Keys to Homeownership.’ Both were designed to give originators the knowledge and skills they need to address the unique challenges faced by first-time and underserved homebuyers who are grappling with the persistent affordability hurdles of today's high-price, low-inventory housing market. loanDepot’s training and coaching support for originators also includes: Learning from the industry’s top subject matter experts in renovation lending, new construction lending, reverse financing, first-time homebuyer lending, and VA lending; Access to the Modern Lending Playbook and business plan, a step-by-step guide to serving today’s digital customer; And coaching from some of the industry’s most respected guest trainers. Annuncio • Apr 23
loanDepot, Inc. to Report Q1, 2024 Results on May 07, 2024 loanDepot, Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Annuncio • Apr 21
loanDepot, Inc., Annual General Meeting, Jun 06, 2024 loanDepot, Inc., Annual General Meeting, Jun 06, 2024, at 09:00 Pacific Standard Time. Agenda: To elect the two (2) Class III director nominees named in this proxy statement; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve, on a non-binding, advisory basis, the compensation of named executive officers; and to consider such other business as may properly come before the meeting. New Risk • Mar 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Reported Earnings • Mar 13
Full year 2023 earnings released: US$0.63 loss per share (vs US$1.75 loss in FY 2022) Full year 2023 results: US$0.63 loss per share (improved from US$1.75 loss in FY 2022). Revenue: US$799.9m (down 20% from FY 2022). Net loss: US$110.1m (loss narrowed 60% from FY 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. New Risk • Mar 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Annuncio • Feb 28
loanDepot, Inc. to Report Q4, 2023 Results on Mar 12, 2024 loanDepot, Inc. announced that they will report Q4, 2023 results After-Market on Mar 12, 2024 Annuncio • Jan 25
The Emerson Firm, PLLC Announces Lawsuit Against loanDepot, Inc The Emerson Firm, PLLC announced the filing of a lawsuit against loanDepot, Inc. (LDI) concerning the theft of sensitive personal identifiable information (“PII”) of approximately 16.6 million customers as announced by LDI between January 8, 2024, and January 22, 2024. Between January 8, 2024, and January 22, 2024, LDI announced a security incident during which unauthorized parties gained access to sensitive personal information of approximately 16.6 million individuals in its systems. New Risk • Jan 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Buy Or Sell Opportunity • Jan 20
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 90% to €2.40. The fair value is estimated to be €1.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 36% in a year. Earnings are forecast to grow by 71% in the next year. Annuncio • Dec 12
loanDepot, Inc. Introduces New Digital Underwriting Engine That Delivers Conditional Loan Approval in Minutes loanDepot, Inc. unveiled its fully automated melloNow underwriting engine, changing the game for mortgage borrowers by delivering a fully conditional loan approval in minutes rather than hours or days. Utilizing a fully digital verification process, melloNow delivers a significantly faster evaluation and underwriting process that brings clarity and confidence—and eliminates surprises—right from the start. It swiftly analyzes credit reports, detects fraud, and validates income and employment data at the point of sale, instantaneously generating unique borrower conditions. This helps both the loan officer and the customer understand exactly what’s needed so they can assemble the required paperwork quickly and efficiently. This in turn is expected to provide a real-time conditional approval for a large segment of loans and assist the loan underwriter by ensuring they obtain all documentation required to properly review and validate the application as soon as it is received. Now, with the melloNow digital underwriting engine, many loanDepot customers will enjoy a dramatically improved experience. The Company, which has been beta-testing the system for the last several quarters, says this new capability is another important milestone in its ongoing work to deliver a digital-first approach that makes it easier, faster and less stressful to refinance or purchase a home. New Risk • Dec 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Recent Insider Transactions • Nov 17
CEO, President & Director recently bought €78k worth of stock On the 16th of November, Frank Martell bought around 50k shares on-market at roughly €1.55 per share. This transaction amounted to 9.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €93k. Frank has been a buyer over the last 12 months, purchasing a net total of €261k worth in shares. Buying Opportunity • Nov 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €1.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 41% in a year. Earnings is forecast to grow by 68% in the next year. New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). New Risk • Nov 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Nov 09
Third quarter 2023 earnings released: US$0.09 loss per share (vs US$0.37 loss in 3Q 2022) Third quarter 2023 results: US$0.09 loss per share (improved from US$0.37 loss in 3Q 2022). Revenue: US$223.2m (down 1.1% from 3Q 2022). Net loss: US$16.6m (loss narrowed 72% from 3Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Germany. New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings have declined by 55% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$44m net loss next year). Share price has been volatile over the past 3 months (7.6% average weekly change). New Risk • Nov 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$87m net loss next year). Share price has been volatile over the past 3 months (6.7% average weekly change). Annuncio • Oct 25
loanDepot, Inc. to Report Q3, 2023 Results on Nov 07, 2023 loanDepot, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Recent Insider Transactions • Sep 17
CEO, President & Director recently bought €90k worth of stock On the 14th of September, Frank Martell bought around 50k shares on-market at roughly €1.80 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €93k. Frank has been a buyer over the last 12 months, purchasing a net total of €183k worth in shares. Annuncio • Sep 15
loanDepot, Inc. Appoints Dan Hanson as Executive Director of Enterprise Partnerships and Acquisitions loanDepot, Inc. announced it has appointed industry veteran Dan Hanson to a newly-created role as executive director of enterprise partnerships and acquisitions. Hanson will be responsible for developing new revenue-generating opportunities, including national referral relationships and acquisitions. In close collaboration with the company’s senior leadership team, he will also work to expand loanDepot’s existing portfolio of programs and partnerships (outside of the company’s successful joint venture channel), including its innovative employer benefits program and its Lender Express offering, which provides a robust menu of mortgage products to credit unions and other financial institutions seeking to offer additional products to better serve their customers. Hanson joined loanDepot in 2011 and has served the company in a variety of leadership roles, including executive director of in-market production. He brings nearly 40 years of mortgage experience and industry relationships to this new position. Recent Insider Transactions • Sep 10
CEO, President & Director recently bought €93k worth of stock On the 7th of September, Frank Martell bought around 50k shares on-market at roughly €1.86 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Frank's only on-market trade for the last 12 months. Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.13 loss per share (vs US$0.66 loss in 2Q 2022) Second quarter 2023 results: US$0.13 loss per share (improved from US$0.66 loss in 2Q 2022). Revenue: US$228.8m (down 6.8% from 2Q 2022). Net loss: US$23.4m (loss narrowed 77% from 2Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Diversified Financial industry in Germany. Annuncio • Jul 28
loanDepot, Inc. to Report Q2, 2023 Results on Aug 08, 2023 loanDepot, Inc. announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 Annuncio • Jul 26
loanDepot, Inc. Appoints Melanie Graper as Chief Human Resources Officer, Effective July 31 loanDepot, Inc. announced that Melanie Graper has been named chief human resources officer (CHRO), effective July 31. Graper will oversee all aspects of the company’s human capital function and drive forward critical organizational aspects of loanDepot’s Vision 2025 plan. Graper, who succeeds Kevin Tackaberry, will report to President and CEO Frank Martell and be based in the organization’s Orange County, Calif. headquarters, along with other key executive leadership. Graper most recently served as chief human resources officer of CoreLogic Inc. from 2019 to February 2023. As a member of CoreLogic’s Executive Committee, she partnered with the executive team in pivoting to a more customer-centric and market-facing organization. She developed a human capital strategy to support change and elevate the employee experience through new reward and benefit programs, a global learning community and talent platform, and a more inclusive, empowered, and community-focused culture that was recognized as a Great Place to Work. Graper has extensive experience in organization design, business transformation, and managing complex organizations with multiple lines of business. She is a passionate advocate of diversity, equity, and inclusion (DEI), as well as employee well-being. Prior to CoreLogic, she held senior leadership positions at the Irvine Company, J. Walter Thompson Worldwide, Mattel and GlaxoSmithKline. Graper received a bachelor’s degree in public administration from the University of Southern California. She serves on the board of the American Heart Association, Western Region, and served as chair of the 2023 “OC Go Red for Women” campaign. Graper was recognized in the Orange County Business Journal as a “Women in Business Award” honoree in 2019. Annuncio • Jun 14
loanDepot, Inc. Reaffirms Earnings Guidance for the Second Quarter 2023 loanDepot, Inc. reaffirmed earnings guidance for the second quarter 2023. The company reaffirmed its second quarter 2023 outlook provided on May 9, 2023. Annuncio • Jun 07
loanDepot, Inc. Appoints David Hayes as Principal Accounting Officer, Effective June 26, 2023 On June 2, 2023, loanDepot, Inc. announced that David Hayes has been appointed as Chief Financial Officer of the Company, effective June 26, 2023 (the Effective Date"). In that role, Mr. Hayes also will serve as the Company's principal accounting officer. Prior to joining the Company, Mr. Hayes, 48, has held various finance roles with CoreLogic, Inc. with increasing responsibility from 2010 to 2023, most recently serving as Executive, Finance and Treasurer from January 2020 to June 2023, and as Executive, Treasurer and Corporate Finance from June 2017 to January 2020. Mr. Hayes brings over 25 years of financial management, treasury, corporate finance and mortgage industry experience. In connection with Mr. Hayes' appointment as Chief Financial Officer, the Company entered into an Executive Employment Agreement (the Employment Agreement") with Mr. Hayes, which will be effective as of the Effective Date. Annuncio • May 31
loandepot, Inc. Promotes Alec Hanson to Chief Marketing Officer loanDepot, Inc. announced it has promoted veteran mortgage leader Alec Hanson to serve as its chief marketing officer, effective immediately. Hanson, who joined loanDepot in 2011 and currently serves as the company’s senior vice president of production for the West division, brings nearly two decades of sales and production experience to the role. As CMO, Hanson will lead a consolidated marketing team, overseeing the development of brand, digital marketing, and organic and digital lead generation campaigns that drive awareness and revenue growth while differentiating loanDepot’s marketing engine as a competitive advantage for loan originators. Hanson will also be responsible for the company’s originator-led field-level marketing capabilities. Hanson’s impressive career as an originator began in 2004 when he was named Rookie of the Year by Scotsman’s Guide. He received HousingWire’s Rising Star award three times, in 2017, 2019 and 2021, and is the author of “Bypassed: A Modern Guide for Local Mortgage Pros Left Behind by the Digital Customer” and loanDepot’s “Modern Lending Playbook,” both of which aim to equip, train, and evolve the traditional mortgage professional’s skill sets into the modern era. An industry thought leader with a strong entrepreneurial spirit and deep digital expertise, his “Modern Lending” podcast has emerged as an industry go-to, while his new “The Bright Side” digital newscast seeks to motivate and inspire the industry with good news and humor. Hanson will play a critical role in advancing the company’s Vision 2025 strategic plan, including driving purchase volume with an expanded emphasis on serving first-time homebuyers and diverse communities, as well as supporting profitable, growth-generating initiatives such as the Company’s recently launched HELOC product. With his social media savvy and industry expertise, Hanson understands the evolution of today’s homebuyers and is poised to disrupt the traditional mortgage marketing mindset as he works to further differentiate loanDepot in the minds of its many stakeholders. A native of Southern California, Hanson earned his bachelor’s degree in business management and urban development from the University of California, Berkeley. Reported Earnings • May 10
First quarter 2023 earnings released: US$0.25 loss per share (vs US$0.25 loss in 1Q 2022) First quarter 2023 results: US$0.25 loss per share (in line with 1Q 2022). Revenue: US$164.8m (down 54% from 1Q 2022). Net loss: US$42.9m (loss widened 24% from 1Q 2022). Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Diversified Financial industry in Germany. Reported Earnings • Mar 09
Full year 2022 earnings released: US$1.75 loss per share (vs US$0.87 profit in FY 2021) Full year 2022 results: US$1.75 loss per share (down from US$0.87 profit in FY 2021). Revenue: US$1.13b (down 72% from FY 2021). Net loss: US$273.0m (down 341% from profit in FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Mortgage industry in Europe. Recent Insider Transactions • Mar 05
Non-Independent Director recently sold €319k worth of stock On the 1st of March, John Lee sold around 178k shares on-market at roughly €1.79 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €1.7m more than they sold in the last 12 months. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.37 loss per share (vs US$0.40 profit in 3Q 2021) Third quarter 2022 results: US$0.37 loss per share (down from US$0.40 profit in 3Q 2021). Revenue: US$225.7m (down 78% from 3Q 2021). Net loss: US$60.1m (down 217% from profit in 3Q 2021). Revenue is expected to decline by 4.9% p.a. on average during the next 3 years, while revenues in the Mortgage industry in Europe are expected to grow by 6.5%. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Founder & Executive Chairman Anthony Hsieh is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 10
Third quarter 2022 earnings released: US$0.37 loss per share (vs US$0.40 profit in 3Q 2021) Third quarter 2022 results: US$0.37 loss per share (down from US$0.40 profit in 3Q 2021). Revenue: US$238.1m (down 77% from 3Q 2021). Net loss: US$60.1m (down 217% from profit in 3Q 2021). Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Mortgage industry in Europe are expected to grow by 6.9%. Annuncio • Oct 21
loanDepot, Inc. to Report Q3, 2022 Results on Nov 08, 2022 loanDepot, Inc. announced that they will report Q3, 2022 results After-Market on Nov 08, 2022 Recent Insider Transactions • Sep 17
Founder & Executive Chairman recently bought €212k worth of stock On the 13th of September, Anthony Hsieh bought around 133k shares on-market at roughly €1.59 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €356k. Anthony has been a buyer over the last 12 months, purchasing a net total of €15m worth in shares. Annuncio • Sep 15
loanDepot, Inc. Appoints Gregory Smallwood as Chief Legal Officer and Corporate Secretary loanDepot, Inc. announced Gregory Smallwood has joined the Company as chief legal officer (CLO) and Corporate Secretary, effective immediately. He will report directly to loanDepot CEO Frank Martell. Smallwood brings more than two decades of experience representing major financial services institutions in all aspects of compliance with state and federal law, corporate transactions, regulatory enforcement, and class action litigation. As chief legal officer, Smallwood will oversee all aspects of the Company's legal strategy, supporting loanDepot's focus on providing exceptional service to its customers, employees, and investors. Combined with the recently announced addition of Joseph Grassi as chief risk officer, Smallwood's appointment further enhances the Company's robust legal, compliance and risk infrastructure. Smallwood has extensive legal experience in the financial services and mortgage industries, including helping companies develop and implement legal initiatives, manage and reduce risk, execute strategic plans and achieve revenue performance targets. Prior to loanDepot, Smallwood served as general counsel and executive vice president of Caliber Home Loans. Before that, Smallwood held senior roles at Bank of America, Morgan Stanley, Saxon Mortgage, GMAC ResCap and Chase Manhattan Mortgage Corporation. He started his career as an attorney at L'Oréal Cosmetics Corporation. He holds a Juris Doctorate from Seton Hall University School of Law and Bachelor of Arts from the University of Maryland. Annuncio • Sep 13
loanDepot, Inc. Appoints Joseph Grassi as Chief Risk Officer loanDepot, Inc. announced the appointment of Joseph Grassi as chief risk officer, effective immediately. He reports directly to loanDepot CEO Frank Martell. Grassi is an experienced leader with deep expertise in legal and compliance risk management and strong relationships in the financial services industry. He will be responsible for enhancing the Company's risk management program and enterprise and loan-level risk governance policies, as well as managing potential operational risks. Grassi brings over 35 years of experience in real estate finance and consumer lending compliance and law, with leadership roles across a number of companies and government agencies including Celebrity Home Loans, the United States Department of Housing and Urban Development, Guaranteed Rate, and Prospect Mortgage. He also spent time at Freddie Mac. Notably, Grassi spent 20 years as a senior attorney for Fannie Mae, including as the lead counsel for the Multifamily and Single Family businesses. He ultimately served as the Interim General Counsel and Corporate Secretary for Fannie Mae, where he was responsible for overseeing Fannie Mae's legal and government and industry relations departments and providing strategic counsel to the CEO and Board. He began his career at Philadelphia-based law firm Obermayer, Rebmann, Maxwell & Hippel and holds both a Juris Doctorate and Bachelor of Science in Business Administration from Villanova University. Recent Insider Transactions • Aug 26
Founder & Executive Chairman recently bought €356k worth of stock On the 23rd of August, Anthony Hsieh bought around 222k shares on-market at roughly €1.60 per share. This was the largest purchase by an insider in the last 3 months. Anthony has been a buyer over the last 12 months, purchasing a net total of €14m worth in shares. Reported Earnings • Aug 11
Second quarter 2022 earnings released: US$0.72 loss per share (vs US$0.068 profit in 2Q 2021) Second quarter 2022 results: US$0.72 loss per share (down from US$0.068 profit in 2Q 2021). Revenue: US$275.5m (down 72% from 2Q 2021). Net loss: US$100.9m (down US$109.5m from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 46% compared to a 12% growth forecast for the industry in Germany. Annuncio • Aug 10
loanDepot, Inc. Reports Impairment Charges for the Three Months Ended June 30, 2022 loanDepot, Inc. reports impairment charges for the three months ended June 30, 2022. The company reported Goodwill impairment of $40,736,000 against nil reported a year ago. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 15% share price gain to €1.74, the stock trades at a trailing P/E ratio of 8.3x. Average forward P/E is 8x in the Mortgage industry in Europe. Total loss to shareholders of 80% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.04 per share. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 17% share price gain to €1.63, the stock trades at a trailing P/E ratio of 7.9x. Average forward P/E is 10x in the Mortgage industry in Europe. Total loss to shareholders of 83% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.49 per share. Annuncio • Jul 13
loanDepot, Inc. to Report Q2, 2022 Results on Aug 09, 2022 loanDepot, Inc. announced that they will report Q2, 2022 results on Aug 09, 2022 Buying Opportunity • Jun 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 62%. The fair value is estimated to be €1.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 38% over the last year. Meanwhile, the company has become profitable. Revenue is forecast to decline by 47% in a year. Earnings is forecast to decline by 365% in the next year. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €2.00, the stock trades at a trailing P/E ratio of 9.9x. Average forward P/E is 10x in the Mortgage industry in Europe. Total loss to shareholders of 81% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.85 per share. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 15% share price gain to €2.58, the stock trades at a trailing P/E ratio of 25.2x. Average forward P/E is 10x in the Mortgage industry in Europe. Total loss to shareholders of 76% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.86 per share. Recent Insider Transactions • May 19
CEO, President & Director recently bought €589k worth of stock On the 18th of May, Frank Martell bought around 253k shares on-market at roughly €2.33 per share. This was the largest purchase by an insider in the last 3 months. This was Frank's only on-market trade for the last 12 months.