OverviewSuggest Edit

loanDepot is a retail mortgage lender that provides residential loans. The company operates direct, retail, and wholesale business channels. It offers a range of consumer credit products, such as home loan products, home equity loans, unsecured personal loans, as well as home and personal loan servicing.

TypePublic
Founded2010
HQLake Forest, CA, US
Websiteloandepot.com
Employee Ratings3.7
Overall CultureB+

Latest Updates

Employees (est.) (Sept 2020)8,614(+38%)
Job Openings229
Revenue (FY, 2019)$1.3 B(+20%)
Share Price (Jun 2021)$13.8(-7%)
Cybersecurity ratingBMore

Key People/Management at loanDepot

Anthony Hsieh

Anthony Hsieh

Founder and CEO
John Lee

John Lee

Chief Analytics Officer
Tammy Richards

Tammy Richards

Chief Mortgage Officer
Jeff Walsh

Jeff Walsh

Sr. EVP, Chief Revenue Officer
Nicole Carrillo

Nicole Carrillo

Chief Accounting Officer
Jeff Dergurahian

Jeff Dergurahian

Chief Capital Markets Officer
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loanDepot Office Locations

loanDepot has offices in Lake Forest, Chicago, Dallas and Newark
Lake Forest, CA, US (HQ)
26642 Towne Centre Dr, Foothill Ranch
Show all (4)

loanDepot Financials and Metrics

loanDepot Revenue

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View revenue for all periods
loanDepot's revenue was reported to be $1.34 b in FY, 2019 which is a 20% increase from the previous period.
USD

Revenue (Q1, 2021)

1.3b

Net income (Q1, 2021)

427.9m

Market capitalization (4-Jun-2021)

4.2b

Closing stock price (4-Jun-2021)

13.8

Cash (31-Mar-2021)

630.5m

EV

4.9b
loanDepot's current market capitalization is $4.2 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

1.3b1.1b1.3b

Revenue growth, %

(12%)20%

Cost of goods sold

900.1m894.8m978.7m

Gross profit

372.9m219.6m358.4m
Quarterly
USDQ1, 2021

Revenue

1.3b

Sales and marketing expense

109.6m

General and administrative expense

51.3m

Operating expense total

160.9m
Annual
USDFY, 2018FY, 2019

Cash

105.7m73.3m

Accounts Receivable

130.5m121.0m

PP&E

91.0m80.9m

Total Assets

3.4b5.0b
Quarterly
USDQ3, 2020Q1, 2021

Cash

637.5m630.5m

Accounts Receivable

118.4m84.0m

Prepaid Expenses

84.8m

PP&E

76.3m91.0m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

28.4m(102.9m)34.4m

Depreciation and Amortization

31.9m36.3m37.4m

Cash From Operating Activities

(482.4m)(428.8m)(1.5b)

Purchases of PP&E

(39.9m)(40.8m)(12.6m)
Quarterly
USDQ3, 2019Q3, 2020Q1, 2021

Net Income

18.2m1.5b44.9m

Depreciation and Amortization

27.3m27.1m8.5m

Cash From Operating Activities

(943.3m)(418.1m)(1.9b)

Purchases of PP&E

(9.9m)(19.6m)(14.2m)
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loanDepot Operating Metrics

loanDepot's Customers was reported to be 30 k in Q3, 2020.
FY, 2017FY, 2018Q3, 2019FY, 2019Q3, 2020

Customers

30 k

Origination Volume

$35.19 b$33.04 b$29.27 b$45.32 b$63.36 b

Servicing Portfolio (UPB)

$46.76 b$32.82 b$30.55 b$36.34 b$77.17 b

Servicing Portfolio, units

203.59 k141.56 k130.64 k148.75 k272.7 k
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loanDepot Acquisitions / Subsidiaries

Company NameDateDeal Size
Artemis Management LLC
LD Holdings Group LLC
LD Settlement Services, LLC
loanDepot.com, LLC
mello Holdings, LLC

loanDepot Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

loanDepot Online and Social Media Presence

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loanDepot Company Culture

  • Overall Culture

    B+

    72/100

  • CEO Rating

    A+

    78/100

  • Compensation

    D+

    57/100

  • Diversity

    A-

    78/100

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loanDepot News and Updates

loanDepot Declares Regular Cash Dividend of $0.08 Per Share

FOOTHILL RANCH, Calif., May 13, 2021 /PRNewswire/ -- loanDepot, Inc. (the "Company," NYSE: "LDI," together with its subsidiaries, "loanDepot") today announced that it has declared a regular cash dividend of $0.08 per share on its Class A common stock and Class D common stock (the...

loanDepot Announces First Quarter 2021 Financial Results

FOOTHILL RANCH, Calif., May 3, 2021 /PRNewswire/ -- loanDepot, Inc. (NYSE: LDI), (together with its subsidiaries, "loanDepot" or the "Company"), the innovative consumer lending and real estate services provider that is using its proprietary mello® technology to deliver best-in-class...

loanDepot Announces Fourth Quarter and Full Year 2020 Financial Results

FOOTHILL RANCH, Calif., Feb. 18, 2021 /PRNewswire/ -- loanDepot, Inc. and its subsidiaries (NYSE: LDI) (collectively, "loanDepot" or the "Company"), the innovative consumer lending and real estate services provider that is using its proprietary mello® technology to deliver best-in-class...

loanDepot Announces Pricing of Initial Public Offering

FOOTHILL RANCH, Calif., Feb. 11, 2021 /PRNewswire/ -- LD Holdings Group LLC today announced that its newly formed affiliate, loanDepot, Inc. ("loanDepot"), has priced its initial public offering of 3,850,000 shares of its Class A common stock ("Common Stock") at $14.00 per share. The...

loanDepot launches new digital pre-approval process exclusively for Meritage Homes customers

FOOTHILL RANCH, Calif., April 11, 2019 /PRNewswire/ -- loanDepot today announced a new digital pre-approval process that allows homebuyers instant access to a mortgage approval. This is the latest digital tool developed by the mello technology ecosystem at loanDepot and is exclusively...

LoanDepot CEO Anthony Hsieh shuts down 10 rumors about his company

Anthony Hsieh is the founder and CEO of one of the most prominent nonbanks in the industry, loanDepot. For a CEO of a company that has funded more than $100 billion in loans since its inception, he regularly opens up a seat at the table for others to listen in on what it’s like to be at the helm of …
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loanDepot Blogs

Past imperfect? What you need to know before buying a historic home

Crown molding, mahogany wainscoting, custom built-ins … these is no denying old and historic homes have charms we can rarely find in contemporary architecture. If you’ve ever dreamed of living in a lovely old Victorian, a quaint Cape Cod, or a stately Georgian colonial, how about finding out if that…

What not to do once your home is in escrow

Congratulations! You’re buying a new home. There’s much to be done: you put down the deposit, open escrow, schedule the appraisal and home inspection ... Once everything has been approved, you get excited as there is much to be done.   Time to go shopping right?   Wrong.  No matter how solid the dea…

Fannie Mae HomeStyle Renovation Loan

When you’re ready to buy a house, odds are you’ll experience intense competition, especially for a starter home. The availability of starter homes has decreased a whopping 48.6 percent during the past six years. But there is an easier way to land a home. Have you considered houses that need work, co…

4 important steps in planning a home renovation

A home renovation or remodel is a big project. If you don't plan carefully, there can be pitfalls and unexpected expenses. However, with a little pre-project preparation and diligence, you can minimize unforeseen issues that can result in time or cost overruns and lay a solid foundation to ensure a …

What are the benefits of a cash out refinance?

A man or woman’s home is their castle, but life is not always a storybook and it’s not uncommon for us to go through chapters in our lives when the bills get out control. In these cases, financial commitment you’ve shown to your home can come to the rescue in the form of a home equity loan or a cash…

Manage your wish list to match your budget

The best part of the homebuying process might just be the moments before you seriously start your search, as you dream of all the fantastic features you’d love to have in your new home. A few weeks later, you’ve possibly visited dozens of properties without finding a single one that checks every box…
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loanDepot Frequently Asked Questions

  • When was loanDepot founded?

    loanDepot was founded in 2010.

  • Who are loanDepot key executives?

    loanDepot's key executives are Anthony Hsieh, John Lee and Tammy Richards.

  • How many employees does loanDepot have?

    loanDepot has 8,614 employees.

  • What is loanDepot revenue?

    Latest loanDepot annual revenue is $1.3 b.

  • What is loanDepot revenue per employee?

    Latest loanDepot revenue per employee is $155.2 k.

  • Who are loanDepot competitors?

    Competitors of loanDepot include Finance of America, Fairway Independent Mortgage and Caliber Home Loans.

  • Where is loanDepot headquarters?

    loanDepot headquarters is located at 26642 Towne Centre Dr, Foothill Ranch, Lake Forest.

  • Where are loanDepot offices?

    loanDepot has offices in Lake Forest, Chicago, Dallas and Newark.

  • How many offices does loanDepot have?

    loanDepot has 4 offices.