loanDepot reported a smaller net loss for 2025 as revenue and margins improved, but results weakened in the fourth quarter as margins declined. The Irvine, California-based mortgage lender’s earnings showed signs of recovery as the company aims to improve volume and market share. loanDepot posted a net loss of $108 million for the full year, […]
loanDepot reports $108M loss in 2025 even as volume, margins improve Read More »
Just months after loanDepot‘s Alex Madonna was named to a new role to focus on emerging technology, artificial intelligence and modern sales structures, it was announced that he’s departing the company. Madonna, who was most recently loanDepot’s executive vice president of direct lending and spent 16 years at the company, confirmed the news in a
loanDepot executive Alex Madonna departs, starts Trust One Financial Read More »
loanDepot reported a smaller loss in the third quarter as higher loan volumes, improved margins and increased servicing income boosted its results. Revenue for the California-based mortgage lender rose 14% from the previous quarter to $323 million, while adjusted revenue increased 11% to $325 million. Pull-through weighted gain-on-sale margins rose 9 basis points to 339
loanDepot’s Q3 loss narrows as revenue climbs 14% Read More »
loanDepot appears to be building capabilities in the wholesale mortgage space — a channel it formally exited three years ago. Executives and owners at three mortgage brokerage shops told HousingWire they were recently contacted by loanDepot representatives who introduced themselves as account executives while “re-introducing” the company’s wholesale channel and inviting the brokers to become
Mortgage brokers say loanDepot is knocking at their door again Read More »
loanDepot is making more leadership changes following the return of founder and majority stakeholder Anthony Hsieh as CEO. Tom Fiddler has been promoted to president of retail lending while Dan Peña will serve as president of partnership. John Bianchi, the executive vice president of retail production since 2019, will depart the company. These moves come
loanDepot shakes up leadership after Hsieh’s comeback Read More »
loanDepot on Thursday reported that its second-quarter 2025 revenue increased by 3% to $283 million and adjusted revenue increased 5% to $292 million compared to the prior quarter. loanDepot’s first quarter saw the return of loanDepot founder and executive chairman Anthony Hsieh to the day-to-day operations at the California-based lender. The company’s second quarter marks the first quarter that Hsieh
With Hsieh in the driver’s seat, loanDepot posts revenue of $283M Read More »
Anthony Hsieh is back in the CEO role at loanDepot — the company he founded in 2010 — on a permanent basis. His focus will be on returning the mortgage lender to profitability and regaining market share, the company announced on Monday. Hsieh stepped down as CEO in April 2022 and was succeeded by industry
Anthony Hsieh reclaims the helm at loanDepot Read More »
Former loanDepot CEO Frank Martell has officially moved on. SmartRent Inc., a provider of smart community technology solutions for the rental housing industry, on Monday announced that Martell will take on the roles of president and CEO effective immediately. Martell, who has been a member of SmartRent’s board of directors and served on the board’s
Frank Martell leaves loanDepot, takes CEO role at SmartRent Read More »