loanDepot Inc (NYSE: LDI) is a residential mortgage company that originates, sells, and services home loans in the United States. It makes money through gains on the origination and sale of loans, origination fees, and servicing fee income collected on its mortgage servicing portfolio. For FY2025, total net revenues were $1.19B, up 12.2% from $1.06B in FY2024, driven by gain on origination and sale of loans of $742.4M and servicing fee income of $437.2M. The company reported net losses in FY2022, FY2023, FY2024, and FY2025, attributed in part to elevated interest rates and reduced housing affordability. Dividends were suspended effective March 31, 2022. Anthony Hsieh serves as Executive Chairman, Chief Executive Officer, and President. David Hayes serves as Chief Financial Officer. The company is debt-reliant, using warehouse and repurchase facilities, including arrangements with counterparties such as Nomura Corporate Funding Americas, to fund loan origination activity.

Revenue model

Transactional and fee-based. Revenue comes from gain on origination and sale of loans ($742.4M, FY2025), origination income net of costs ($131.7M, FY2025), and servicing fee income ($437.2M, FY2025). Net interest income contributed $10.3M in FY2025. Change in fair value of mortgage servicing rights reduced revenue by $198.5M in FY2025.

Products and services

Residential mortgage loan origination, including home-purchase loans and home equity products. The company accepts applications over the internet, uses electronic signatures, and provides real-time process status updates. It also holds and manages mortgage servicing rights on loans it has sold.

Customers and end markets

Individual home buyers and homeowners seeking residential mortgage financing in the United States. Demand is sensitive to interest rates, housing affordability, home inventory levels, and consumer confidence.

Value-chain role

Mortgage originator and servicer. Originates residential loans, sells them into secondary markets, and retains mortgage servicing rights. Uses warehouse lending and repurchase facilities to fund originations.

Geographic exposure

United States residential mortgage market. No geographic breakdown by state or region is specified in the filing excerpts.

Source: SEC 10-K, filed 2026-03-12

Industry: Finance Services Peers: Greystone Housing Impact Investors LP Bridgewater Bancshares Inc Greene County Bancorp Inc Guild Holdings Co Rocket Companies Inc Southern Missouri Bancorp Inc Waterstone Financial Inc Velocity Financial Inc