loanDepot Announces Third Quarter 2025 Financial Results
IRVINE, Calif.--( BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI), (together with its subsidiaries, “loanDepot” or the “Company”), today announced results for the third quarter ended September 30, 2025.
Reshaped leadership team focused on capitalizing on loanDepot’s unique set of assets to drive operational excellence and profitable market share growth.
“A key part of my efforts during the third quarter has focused on reshaping our leadership team, positioning us to leverage loanDepot’s unique set of assets and drive operational excellence,” said Founder and Chief Executive Officer Anthony Hsieh. “With key senior-level promotions, strategic hires, and organizational realignment, I believe we have the right team in place that returns us to our innovative roots to pursue profitable market share growth."
Hsieh continued, “I believe loanDepot is uniquely positioned with a diversified, multi-channel origination strategy, consisting of direct to consumer, in-market retail and partnerships with homebuilders, plus a substantial servicing portfolio and a nationally recognized brand that together create a powerful flywheel effect. At the core of this is our Consumer Direct Lending channel, which is one of the few tech-powered, at-scale models of its kind with both best-in-class lead generation capabilities and top-tier customer recapture rates from our servicing portfolio. I believe these assets, combined with our scale in a highly fragmented market, give us a distinct advantage to rapidly invest in and deploy emerging technologies that will help us achieve our goal of making more loans faster and at a lower cost, while achieving top-tier customer service levels.”
Added Chief Financial Officer, David Hayes, “In the third quarter, we continued to narrow our loss, driven by higher revenue and disciplined expense management, resulting in positive operating leverage. Revenue rose 14% quarter-over-quarter, fueled by stronger pull-through volume, improved margins, and increased servicing income, while expenses grew by only 6%. We also strengthened our balance sheet, increasing cash by $51 million to $459 million.”
Third Quarter Highlights:
Financial Summary
Three Months Ended
Nine Months Ended
($ in thousands except per share data)
(Unaudited)
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
Rate lock volume
$
9,463,052
$
8,560,699
$
9,792,423
$
25,661,739
$
24,893,023
Pull-through weighted lock volume (1)
6,970,592
6,348,060
6,748,057
18,737,337
17,262,202
Loan origination volume
6,533,974
6,734,529
6,659,329
18,442,431
17,308,314
Gain on sale margin (2)
3.61
%
3.11
%
3.33
%
3.46
%
3.11
%
Pull-through weighted gain on sale margin (3)
3.39
%
3.30
%
3.29
%
3.41
%
3.12
%
Financial Results
Total revenue
$
323,324
$
282,537
$
314,598
$
879,482
$
802,772
Total expense
333,613
314,871
311,003
968,209
961,497
Net (loss) income
(8,734
)
(25,273
)
2,672
(74,704
)
(134,685
)
Diluted (loss) earnings per share
$
(0.02
)
$
(0.06
)
$
0.01
$
(0.19
)
$
(0.36
)
Non-GAAP Financial Measures (4)
Adjusted total revenue
$
325,157
$
291,912
$
329,499
$
895,513
$
838,318
Adjusted net (loss) income
(2,845
)
(16,013
)
7,077
(44,725
)
(48,309
)
Adjusted EBITDA
48,787
25,631
63,742
92,715
98,820
Pull-through weighted rate lock volume is the principal balance of loans subject to interest rate lock commitments, net of a pull-through factor for the loan funding probability.
Gain on sale margin represents the total of (i) gain on origination and sale of loans, net, and (ii) origination income, net, divided by loan origination volume during period.
Pull-through weighted gain on sale margin represents the total of (i) gain on origination and sale of loans, net, and (ii) origination income, net, divided by the pull-through weighted rate lock volume.
See “Non-GAAP Financial Measures” for a discussion of Non-GAAP Financial Measures and a reconciliation of these metrics to their closest GAAP measure.
Operational Highlights
1
Volume related expenses include commissions, marketing and advertising expense, and direct origination expense. All remaining expenses are considered non-volume related.
Outlook for the fourth quarter of 2025
Servicing
Three Months Ended
Nine Months Ended
Servicing Revenue Data:
($ in thousands)
(Unaudited)
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
Due to collection/realization of cash flows
$
(44,154
)
$
(42,832
)
$
(41,498
)
$
(123,162
)
$
(119,783
)
Due to changes in valuation inputs or assumptions
(12,007
)
145
(52,557
)
(35,551
)
(8,690
)
Realized gains (losses) on sale of servicing rights
45
44
32
151
(2,980
)
Net gains (losses) from derivatives hedging servicing rights
10,129
(9,564
)
37,624
19,369
(23,876
)
Changes in fair value of servicing rights, net of hedging gains and losses
(1,833
)
(9,375
)
(14,901
)
(16,031
)
(35,546
)
Other realized losses on sales of servicing rights (1)
(211
)
(169
)
(164
)
(484
)
(7,290
)
Changes in fair value of servicing rights, net
$
(46,198
)
$
(52,376
)
$
(56,563
)
$
(139,677
)
$
(162,619
)
Servicing fee income
$
111,783
$
108,209
$
124,133
$
324,270
$
373,273
(1) Includes the provision for sold MSRs and broker fees.
Three Months Ended
Nine Months Ended
Servicing Rights, at Fair Value:
($ in thousands)
(Unaudited)
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
Balance at beginning of period
$
1,616,854
$
1,603,031
$
1,566,463
$
1,615,510
$
1,985,718
Additions
69,163
66,940
62,039
188,789
176,529
Sales proceeds
(11,642
)
(10,474
)
(8,466
)
(27,478
)
(503,777
)
Changes in fair value:
Due to changes in valuation inputs or assumptions
(12,007
)
145
(52,557
)
(35,551
)
(8,690
)
Due to collection/realization of cash flows
(44,154
)
(42,832
)
(41,498
)
(123,162
)
(119,783
)
Realized gains (losses) on sales of servicing rights
45
44
32
151
(3,984
)
Total changes in fair value
(56,116
)
(42,643
)
(94,023
)
(158,562
)
(132,457
)
Balance at end of period (1)
$
1,618,259
$
1,616,854
$
1,526,013
$
1,618,259
$
1,526,013
Balances are net of $19.7 million, $19.1 million, and $16.7 million of servicing rights liability as of September 30, 2025, June 30, 2025, and September 30, 2024, respectively.
% Change
Servicing Portfolio Data:
($ in thousands)
(Unaudited)
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep-25
vs
Jun-25
Sep-25
vs
Sep-24
Servicing portfolio (unpaid principal balance)
$
118,228,146
$
117,539,884
$
114,915,206
0.6
%
2.9
%
Total servicing portfolio (units)
440,358
432,764
409,344
1.8
7.6
60+ days delinquent ($)
$
1,715,453
$
1,641,165
$
1,654,955
4.5
3.7
60+ days delinquent (%)
1.5
%
1.4
%
1.4
%
Servicing rights, net to UPB
1.4
%
1.4
%
1.3
%
Balance Sheet Highlights
% Change
($ in thousands)
(Unaudited)
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep-25
vs
Jun-25
Sep-25
vs
Sep-24
Cash and cash equivalents
$
459,161
$
408,623
$
483,048
12.4
%
(4.9
)%
Loans held for sale, at fair value
2,606,361
2,622,959
2,790,284
(0.6
)
(6.6
)
Loans held for investment, at fair value
111,341
111,591
122,066
(0.2
)
(8.8
)
Servicing rights, at fair value
1,637,930
1,635,991
1,542,720
0.1
6.2
Total assets
6,244,985
6,208,726
6,417,627
0.6
(2.7
)
Warehouse and other lines of credit
2,382,706
2,411,416
2,565,713
(1.2
)
(7.1
)
Total liabilities
5,811,675
5,769,676
5,825,578
0.7
(0.2
)
Total equity
433,310
439,050
592,049
(1.3
)
(26.8
)
A decrease in loans held for sale at September 30, 2025, resulted in a corresponding decrease in the balance on our warehouse lines of credit. Total funding capacity with our lending partners was $4.2 billion at September 30, 2025, and $4.0 billion at June 30, 2025. Available borrowing capacity was $1.8 billion at September 30, 2025.
Consolidated Statements of Operations
($ in thousands except per share data)
(Unaudited)
Three Months Ended
Nine Months Ended
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
REVENUES:
Interest income
$
39,937
$
40,946
$
38,673
$
115,954
$
104,650
Interest expense
(36,878
)
(39,297
)
(39,488
)
(107,937
)
(106,837
)
Net interest income (expense)
3,059
1,649
(815
)
8,017
(2,187
)
Gain on origination and sale of loans, net
201,304
174,810
198,027
542,490
481,007
Origination income, net
34,750
34,931
23,675
95,539
56,775
Servicing fee income
111,783
108,209
124,133
324,270
373,273
Change in fair value of servicing rights, net
(46,198
)
(52,376
)
(56,563
)
(139,677
)
(162,619
)
Other income
18,626
15,314
26,141
48,843
56,523
Total net revenues
323,324
282,537
314,598
879,482
802,772
EXPENSES:
Personnel expense
161,150
154,116
161,330
465,427
436,683
Marketing and advertising expense
37,700
37,878
36,282
113,828
95,811
Direct origination expense
21,965
20,456
23,120
64,375
62,841
General and administrative expense
45,352
39,727
22,984
129,214
153,889
Occupancy expense
4,287
4,133
4,800
12,715
15,113
Depreciation and amortization
6,729
6,379
8,931
20,774
27,329
Servicing expense
12,138
8,184
8,427
30,321
25,155
Other interest expense
44,292
43,998
45,129
131,555
144,676
Total expenses
333,613
314,871
311,003
968,209
961,497
(Loss) income before income taxes
(10,289
)
(32,334
)
3,595
(88,727
)
(158,725
)
Income tax (benefit) expense
(1,555
)
(7,061
)
923
(14,023
)
(24,040
)
Net (loss) income
(8,734
)
(25,273
)
2,672
(74,704
)
(134,685
)
Net (loss) income attributable to noncontrolling interests
(3,852
)
(11,885
)
1,303
(34,538
)
(69,588
)
Net (loss) income attributable to loanDepot, Inc.
$
(4,882
)
$
(13,388
)
$
1,369
$
(40,166
)
$
(65,097
)
Basic (loss) income per share
$
(0.02
)
$
(0.06
)
$
0.01
$
(0.19
)
$
(0.36
)
Diluted (loss) income per share
$
(0.02
)
$
(0.06
)
$
0.01
$
(0.19
)
$
(0.36
)
Weighted average shares outstanding
Basic
211,442,981
207,948,195
185,385,271
206,745,124
183,041,489
Diluted
211,442,981
207,948,195
332,532,984
206,745,124
183,041,489
Consolidated Balance Sheets
($ in thousands)
Sep 30,
2025
Jun 30,
2025
Dec 31,
2024
(Unaudited)
ASSETS
Cash and cash equivalents
$
459,161
$
408,623
$
421,576
Restricted cash
66,711
69,478
105,645
Loans held for sale, at fair value
2,606,361
2,622,959
2,603,735
Loans held for investment, at fair value
111,341
111,591
116,627
Derivative assets, at fair value
54,582
69,841
44,389
Servicing rights, at fair value
1,637,930
1,635,991
1,633,661
Trading securities, at fair value
85,980
86,071
87,466
Property and equipment, net
58,037
60,036
61,079
Operating lease right-of-use asset
24,679
25,716
20,432
Loans eligible for repurchase
916,911
882,346
995,398
Investments in joint ventures
18,270
18,262
18,113
Other assets
205,022
217,812
235,907
Total assets
$
6,244,985
$
6,208,726
$
6,344,028
LIABILITIES AND EQUITY
LIABILITIES:
Warehouse and other lines of credit
$
2,382,706
$
2,411,416
$
2,377,127
Accounts payable and accrued expenses
373,627
358,553
379,439
Derivative liabilities, at fair value
12,085
19,100
25,060
Liability for loans eligible for repurchase
916,911
882,346
995,398
Operating lease liability
35,476
36,323
33,190
Debt obligations, net
2,090,870
2,061,938
2,027,203
Total liabilities
5,811,675
5,769,676
5,837,417
EQUITY:
Total equity
433,310
439,050
506,611
Total liabilities and equity
$
6,244,985
$
6,208,726
$
6,344,028
Loan Origination and Sales Data
($ in thousands)
(Unaudited)
Three Months Ended
Nine Months Ended
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
Loan origination volume by type:
Conventional conforming
$
2,841,170
$
2,967,898
$
3,254,702
$
7,927,934
$
8,991,282
FHA/VA/USDA
2,498,743
2,616,977
2,564,827
7,236,928
6,489,956
Jumbo
444,946
422,732
300,086
1,187,068
646,787
Other
749,115
726,922
539,714
2,090,501
1,180,289
Total
$
6,533,974
$
6,734,529
$
6,659,329
$
18,442,431
$
17,308,314
Loan origination volume by purpose:
Purchase
$
3,949,864
$
4,263,771
$
4,378,575
$
11,277,549
$
12,057,993
Refinance - cash out
2,136,089
1,978,142
1,954,071
5,961,407
4,660,580
Refinance - rate/term
448,021
492,616
326,683
1,203,475
589,741
Total
$
6,533,974
$
6,734,529
$
6,659,329
$
18,442,431
$
17,308,314
Loans sold:
Servicing retained
$
4,168,356
$
4,296,646
$
3,818,375
$
11,918,712
$
10,816,315
Servicing released
2,488,073
2,645,958
2,487,589
6,847,994
5,833,916
Total
$
6,656,429
$
6,942,604
$
6,305,964
$
18,766,706
$
16,650,231
Third Quarter Earnings Call
Management will host a conference call and live webcast today at 5:00 p.m. ET to discuss the Company’s financial and operational highlights followed by a question-and-answer session.
The conference call can be accessed by registering online at https://registrations.events/direct/Q4I4144769 at which time registrants will receive dial-in information as well as a conference ID. At the time of the call, participants will dial in using the participant number and conference ID provided upon registration.
A live audio webcast of the conference call will also be available via the Company's website, investors.loandepot.com, under Events & Presentation tab. A replay of the webcast will be made available on the Investor Relations website following the conclusion of the event.
For more information about loanDepot, please visit the company’s Investor Relations website: investors.loandepot.com.
Non-GAAP Financial Measures
To provide investors with information in addition to our results as determined by GAAP, we disclose certain non-GAAP measures to assist investors in evaluating our financial results. We believe these non-GAAP measures provide useful information to investors regarding our results of operations because each measure assists both investors and management in analyzing and benchmarking the performance and value of our business. They facilitate company-to-company operating performance comparisons by backing out potential differences caused by variations in hedging strategies, changes in valuations, capital structures (affecting interest expense on non-funding debt), taxation, the age and book depreciation of facilities (affecting relative depreciation expense), and other cost or benefit items which may vary for different companies for reasons unrelated to operating performance. These non-GAAP measures include our Adjusted Total Revenue, Adjusted Net Income (Loss), Adjusted Diluted Weighted Average Shares Outstanding, and Adjusted EBITDA. We exclude from these non-GAAP financial measures the change in fair value of MSRs, gains (losses) from the sale of MSRs, and related hedging gains and losses that represent realized and unrealized adjustments resulting from changes in valuation, mostly due to changes in market interest rates, and are not indicative of the Company’s operating performance or results of operation. We have excluded expenses directly related to the cybersecurity incident in January 2024 that resulted from unauthorized access to our systems (the “Cybersecurity Incident”), net of insurance recoveries during fiscal 2024, such as costs to investigate and remediate the Cybersecurity Incident, the costs of customer notifications and identity protection, and professional fees, including legal expenses, litigation settlement costs, and commission guarantees. We also exclude stock-based compensation expense, which is a non-cash expense, gains or losses on extinguishment of debt and disposal of fixed assets, and impairment charges to operating lease right-of-use assets, as well as certain costs associated with our restructuring efforts, as management does not consider these costs to be indicative of our performance or results of operations. Adjusted EBITDA includes interest expense on funding facilities, which are recorded as a component of “net interest income (expense),” as these expenses are a direct operating expense driven by loan origination volume. By contrast, interest expense on our non-funding debt is a function of our capital structure and is therefore excluded from Adjusted EBITDA. Adjustments for income taxes are made to reflect historical results of operations on the basis that it was taxed as a corporation under the Internal Revenue Code, and therefore subject to U.S. federal, state, and local income taxes. Adjustments to Diluted Weighted Average Shares Outstanding assumes the pro forma conversion of weighted average Class C common stock to Class A common stock. These non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as a substitute for revenue, net income, or any other operating performance measure calculated in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies. Some of these limitations are:
Because of these limitations, Adjusted Total Revenue, Adjusted Net Income (Loss), Adjusted Diluted Weighted Average Shares Outstanding, and Adjusted EBITDA are not intended as alternatives to total revenue, net income (loss), net income (loss) attributable to the Company, or Diluted Earnings (Loss) Per Share or as an indicator of our operating performance and should not be considered as measures of discretionary cash available to us to invest in the growth of our business or as measures of cash that will be available to us to meet our obligations. We compensate for these limitations by using Adjusted Total Revenue, Adjusted Net Income (Loss), Adjusted Diluted Weighted Average Shares Outstanding, and Adjusted EBITDA along with other comparative tools, together with U.S. GAAP measurements, to assist in the evaluation of operating performance. See below for a reconciliation of these non-GAAP measures to their most comparable U.S. GAAP measures.
Reconciliation of Total Revenue to Adjusted Total Revenue
($ in thousands)
(Unaudited)
Three Months Ended
Nine Months Ended
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
Total net revenue
$
323,324
$
282,537
$
314,598
$
879,482
$
802,772
Valuation changes in servicing rights, net of hedging gains and losses (1)
1,833
9,375
14,901
16,031
35,546
Adjusted total revenue
$
325,157
$
291,912
$
329,499
$
895,513
$
838,318
(1)
Represents the change in the fair value of servicing rights due to changes in valuation inputs or assumptions, net of gains or losses from derivatives hedging servicing rights.
Reconciliation of Net (Loss) Income to Adjusted Net (Loss) Income
($ in thousands)
(Unaudited)
Three Months Ended
Nine Months Ended
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
Net (loss) income attributable to loanDepot, Inc.
$
(4,882
)
$
(13,388
)
$
1,369
$
(40,166
)
$
(65,097
)
Net (loss) income from the pro forma conversion of Class C common stock to Class A common stock (1)
(3,852
)
(11,885
)
1,303
(34,538
)
(69,588
)
Net (loss) income
(8,734
)
(25,273
)
2,672
(74,704
)
(134,685
)
Adjustments to the benefit (provision) for income taxes (2)
978
2,937
(326
)
8,769
17,982
Tax-effected net (loss) income
(7,756
)
(22,336
)
2,346
(65,935
)
(116,703
)
Valuation changes in servicing rights, net of hedging gains and losses (3)
1,833
9,375
14,901
16,031
35,546
Stock-based compensation expense
3,599
(2,256
)
8,200
7,060
18,952
Restructuring charges (4)
2,147
157
1,853
4,425
7,105
Cybersecurity incident (5)
473
301
(18,880
)
1,562
22,760
Loss (gain) on extinguishment of debt
—
—
—
—
5,680
Loss (gain) on disposal of fixed assets
3
11
3
30
(25
)
Other impairment (recovery) (6)
—
—
10
5
1,202
Tax effect of adjustments (7)
(3,144
)
(1,265
)
(1,356
)
(7,903
)
(22,826
)
Adjusted net (loss) income
$
(2,845
)
$
(16,013
)
$
7,077
$
(44,725
)
$
(48,309
)
Reflects net (loss) income to Class A common stock and Class D common stock from the pro forma exchange of Class C common stock.
loanDepot, Inc. is subject to federal, state and local income taxes. Adjustments to the benefit (provision) for income taxes reflect the income tax rates below, and the pro forma assumption that loanDepot, Inc. owns 100% of LD Holdings.
Three Months Ended
Nine Months Ended
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
Statutory U.S. federal income tax rate
21.00
%
21.00
%
21.00
%
21.00
%
21.00
%
State and local income taxes (net of federal benefit)
4.39
3.71
4.01
4.39
%
4.84
%
Effective income tax rate
25.39
%
24.71
%
25.01
%
25.39
%
25.84
%
Represents the change in the fair value of servicing rights due to changes in valuation inputs or assumptions, net of gains or losses from derivatives hedging servicing rights, and gains (losses) from the sale of MSRs.
Reflects employee severance expense and professional services associated with restructuring efforts.
Represents expenses directly related to the Cybersecurity Incident, net of insurance recoveries during fiscal 2024, including costs to investigate and remediate the Cybersecurity Incident, the costs of customer notifications and identity protection, professional fees including legal expenses, litigation settlement costs, and commission guarantees.
Represents lease impairment on corporate and retail locations.
Amounts represent the income tax effect using the aforementioned effective income tax rates, excluding certain discrete tax items.
Reconciliation of Diluted Weighted Average Shares Outstanding to Adjusted Diluted Weighted Average Shares Outstanding
(Unaudited)
Three Months Ended
Nine Months Ended
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
Share Data:
Diluted weighted average shares of Class A common stock and Class D common stock outstanding
211,442,981
207,948,195
332,532,984
206,745,124
183,041,489
Assumed pro forma conversion of weighted average Class C common stock to Class A common stock (1)
119,970,814
121,881,530
—
123,031,001
142,333,213
Adjusted diluted weighted average shares outstanding
331,413,795
329,829,725
332,532,984
329,776,125
325,374,702
Reflects the assumed pro forma exchange and conversion of Class C common stock.
Reconciliation of Net (Loss) Income to Adjusted EBITDA
($ in thousands)
(Unaudited)
Three Months Ended
Nine Months Ended
Sep 30,
2025
Jun 30,
2025
Sep 30,
2024
Sep 30,
2025
Sep 30,
2024
Net (loss) income
$
(8,734
)
$
(25,273
)
$
2,672
$
(74,704
)
$
(134,685
)
Interest expense - non-funding debt (1)
44,292
43,998
45,129
131,555
144,676
Income tax (benefit) expense
(1,555
)
(7,061
)
923
(14,023
)
(24,040
)
Depreciation and amortization
6,729
6,379
8,931
20,774
27,329
Valuation changes in servicing rights, net of hedging gains and losses (2)
1,833
9,375
14,901
16,031
35,546
Stock-based compensation expense
3,599
(2,256
)
8,200
7,060
18,952
Restructuring charges (3)
2,147
157
1,853
4,425
7,105
Cybersecurity incident (4)
473
301
(18,880
)
1,562
22,760
Loss (gain) on disposal of fixed assets
3
11
3
30
(25
)
Other impairment (5)
—
—
10
5
1,202
Adjusted EBITDA
$
48,787
$
25,631
$
63,742
$
92,715
$
98,820
Represents other interest expense, which includes gain or loss on extinguishment of debt and amortization of debt issuance costs and debt discount, in the Company’s consolidated statements of operations.
Represents the change in the fair value of servicing rights due to changes in valuation inputs or assumptions, net of gains or losses from derivatives hedging servicing rights, and gains (losses) from the sale of MSRs.
Reflects employee severance expense and professional services associated with restructuring efforts.
Represents expenses directly related to the Cybersecurity Incident, net of insurance recoveries during fiscal 2024, including costs to investigate and remediate the Cybersecurity Incident, the costs of customer notifications and identity protection, professional fees including legal expenses, litigation settlement costs, and commission guarantees.
Represents lease impairment on corporate and retail locations.
Forward-Looking Statements
This press release and related management commentary contain, and responses to investor questions may contain, forward-looking statements that can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words “believe,” “anticipate,” “expect,” “intend,” “plan,” “predict,” “estimate,” “project,” “will be,” “will continue,” “will likely result,” or other similar words and phrases or future or conditional verbs such as “will,” “may,” “might,” “should,” “would,” or “could” and the negatives of those terms. Examples of forward-looking statements include, but are not limited to, statements about momentum, future operations, performance, financial condition, competitive positioning and advantages, prospects, strategies and goals, focus areas, profitable market share growth, innovation, technology initiatives and emerging technologies, leadership capabilities and expense management.
These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict, including but not limited to, the following: our ability to achieve the expected benefits of our strategic plans and priorities and the success of other business initiatives; our ability to achieve profitability; our loan production volume; our ability to maintain an operating platform and management system sufficient to conduct our business; our ability to maintain warehouse lines of credit and other sources of capital and liquidity; our ability to effectively utilize artificial intelligence and emerging technologies; impacts of cybersecurity incidents, cyberattacks, information or security breaches and technology disruptions or failures, of ours or of our third party vendors; the outcome of legal proceedings to which we are a party; our ability to favorably resolve regulatory matters related to the Cybersecurity Incident; adverse changes in macroeconomic and U.S residential real estate and mortgage market conditions, including changes in interest rates, changes in global trade policy and tariffs and impacts from government shutdowns; changing federal, state and local laws, as well as changing regulatory enforcement policies and priorities; and other risks detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024, as well as any subsequent filings with the Securities and Exchange Commission. Therefore, current plans, anticipated actions, and financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law.
About loanDepot
Since its launch in 2010, loanDepot (NYSE: LDI) has revolutionized the mortgage industry with digital innovations that make transacting easier, faster, and less stressful for customers and originators alike. The company, which is licensed in all 50 states, helps its customers achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. loanDepot is also committed to serving the communities in which its team lives and works through a variety of local and national philanthropic efforts.
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