Latest news with #loanDepot
Business Wire
a day ago
- Business
- Business Wire
loanDepot Founder and Chairman of the Board Anthony Hsieh Named Permanent CEO
IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, "loanDepot" or the "Company") today announced that Company Founder and Chairman of the Board Anthony Hsieh has been appointed permanent Chief Executive Officer by its Board of Directors, effective immediately. Hsieh has served as Interim CEO since the departure of Frank Martell on June 4, 2025. 'We are fortunate Anthony has agreed to return to the role of CEO.' 'We are fortunate Anthony has agreed to return to the role of CEO,' said loanDepot Board Member and Chair of the Nominating and Governance Committee Pam Patenaude. 'The rapid acceleration of AI and its disruption of established operating models make this a unique moment in time for the Company. The industry has entered a period of significant change, and with his founder's mentality, history of disruption and commitment to innovation, no one is better suited than Anthony to lead loanDepot through this transformation.' 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. Said Hsieh, 'loanDepot has a unique set of assets—our brand and marketing muscle, our diversified channel strategy, our servicing portfolio and our exceptional customer experience among them—but our most significant differentiator has always been our ability to disrupt and redefine the industry through our innovative use of technology. Today, we return to those roots. The broad adoption of AI represents a paradigm shift, and we must be ready to capitalize on that opportunity.' He continued, 'I am thrilled to return to the helm of the Company that I, along with many members of Team loanDepot, built from the ground up. There's a unique energy that comes from being a founder, and I believe the passion and drive of that 'founder's mindset' will be an advantage as we recommit to innovation and rekindle the competitive spirit that has always made loanDepot special. Above all, my focus is to drive profitable growth and regain the market share that we built in the first 12 years of our Company. We will return to competing at the highest levels.' 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. Forward Looking Statements This press release may contain "forward-looking statements," which reflect loanDepot's current views with respect to, among other things, our business strategies and strategic focuses, profitable growth, market share, adoption of artificial intelligence, adding top-tier executive talent, our ability to compete, and our commitment to innovation. These forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words 'outlook,' 'potential,' '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. 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; 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 reach a definitive settlement agreement related to the Cybersecurity Incident; adverse changes in macroeconomic and U.S residential real estate and mortgage market conditions, including changes in interest rates and changes in global trade policy and tariffs; 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, and Quarterly Reports on Form 10-Q 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. LDI-IR
Yahoo
7 days ago
- Business
- Yahoo
loanDepot, Inc. to Report Second Quarter 2025 Financial Results on August 7, 2025
IRVINE, Calif., July 23, 2025--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its second quarter 2025 financial results on August 7, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at 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, under the 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: 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. LDI-IR View source version on Contacts Investor Contact: Gerhard ErdeljiSenior Vice President, Investor Relations(949) 822-4074gerdelji@ Media Contact: Rebecca AndersonSenior Vice President, Strategic Communications and Public Relations(949) 822-4024rebeccaanderson@
Business Wire
7 days ago
- Business
- Business Wire
loanDepot, Inc. to Report Second Quarter 2025 Financial Results on August 7, 2025
IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that the Company will release its second quarter 2025 financial results on August 7, 2025, after market close. Management will host a conference call and live webcast at 5:00 p.m. ET on August 7, 2025. Share Management will host a conference call and live webcast at 5:00 p.m. ET. The call will include a review of financial results and operational highlights followed by a question-and-answer session. The conference call can be accessed by registering online in advance at 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, under the 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: 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. LDI-IR
Yahoo
17-06-2025
- Business
- Yahoo
ONX X+ Mortgage, New Joint Venture Between loanDepot and Onx Homes, Now Serving Customers in Florida and Texas
Company appoints mortgage and real estate veteran Kathryn McKissick as its leader SCOTTSDALE, Ariz., June 17, 2025--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) and Onx Homes, announced that their new joint venture, ONX X+ Mortgage, is now serving homebuyers in Florida and Texas. The partnership pairs Onx Homes' innovative approach to homebuilding with loanDepot's best-in-class lending platform to deliver a seamless, tech-forward mortgage experience for new construction homebuyers. "With our joint venture now serving customers in Florida and Texas, we're thrilled to continue our work transforming and streamlining the homebuying experience for our customers," said Onx Homes Chief Operating Officer Ravi Bhat. "By bringing Onx's groundbreaking design and construction model together with loanDepot's unmatched lending expertise, we're making it faster, easier, and more accessible for more families to achieve the dream of homeownership." ONX X+ Mortgage has appointed mortgage industry veteran Kathryn McKissick as branch manager. With more than 20 years of experience spanning loan originations, processing, and management, McKissick most recently served as a loan consultant for loanDepot's joint venture with LGI Homes, LGI Mortgage Solutions. She also previously supported homebuilders in a similar role as a builder loan consultant at loanDepot. Before entering the mortgage industry, she spent eight years as a licensed Realtor. In her new role, McKissick will lead the joint venture's business growth and day-to-day operations, focused on delivering a smooth, streamlined financing experience for ONX X+ Mortgage customers. "Kathryn is a trusted and dynamic leader with the experience and insight needed to guide our new joint venture," said loanDepot Executive Vice President of National Joint Ventures Dan Peña. "Her deep understanding of both the lending and new home construction businesses, paired with her commitment to customer-first service, makes her a natural choice to lead ONX X+ Mortgage." "This joint venture brings together two outstanding companies that share the same values of innovation and customer excellence," said McKissick. "I've always believed in the power of homeownership to change lives, and that belief has guided my entire career. I'm excited to lead this business and help make that experience even more meaningful for the customers we serve." About loanDepot At loanDepot (NYSE: LDI), we know home means everything. That's why we are on a mission to support homeowners with a suite of products and services that fuel the American Dream. Our portfolio of digital-first home purchase, home refinance and home equity lending products make homeownership more accessible, achievable, and rewarding, especially for the increasingly diverse communities of first-time homebuyers we serve. Headquartered in Southern California with local market offices nationwide, loanDepot and its sister real estate and home services company, mellohome, are dedicated to helping customers put down roots and bring dreams to life – all while building stronger communities and a better tomorrow. About Onx Homes Onx Homes is pioneering a new era of homes and neighborhoods. Founded in 2021 by construction experts, design thinkers, and technology leaders, it is committed to providing homeowners with the next generation of living spaces. With corporate and manufacturing facilities in Florida and Texas, Onx has already delivered a diverse portfolio of homes and has over 2,500 beautiful, resilient, and cost-efficient homes under development across Florida and Texas. Onx specializes in merging high-end design and leading technology to deliver the highest quality single-family homes and townhome communities. Leveraging its customer-centric approach and fully integrated construction capabilities, including innovative proprietary design and X⁺Construction™ technology, Onx builds the most resilient and cost-efficient homes, creating unique value for homeowners. View source version on Contacts Media Contact: Jonathan FineVP, Public Relations(781) 248-3963jfine@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
17-06-2025
- Business
- Business Wire
ONX X+ Mortgage, New Joint Venture Between loanDepot and Onx Homes, Now Serving Customers in Florida and Texas
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- loanDepot, Inc. (NYSE: LDI) and Onx Homes, announced that their new joint venture, ONX X+ Mortgage, is now serving homebuyers in Florida and Texas. The partnership pairs Onx Homes' innovative approach to homebuilding with loanDepot's best-in-class lending platform to deliver a seamless, tech-forward mortgage experience for new construction homebuyers. 'This joint venture brings together two outstanding companies that share the same values of innovation and customer excellence.' 'With our joint venture now serving customers in Florida and Texas, we're thrilled to continue our work transforming and streamlining the homebuying experience for our customers,' said Onx Homes Chief Operating Officer Ravi Bhat. 'By bringing Onx's groundbreaking design and construction model together with loanDepot's unmatched lending expertise, we're making it faster, easier, and more accessible for more families to achieve the dream of homeownership.' ONX X+ Mortgage has appointed mortgage industry veteran Kathryn McKissick as branch manager. With more than 20 years of experience spanning loan originations, processing, and management, McKissick most recently served as a loan consultant for loanDepot's joint venture with LGI Homes, LGI Mortgage Solutions. She also previously supported homebuilders in a similar role as a builder loan consultant at loanDepot. Before entering the mortgage industry, she spent eight years as a licensed Realtor. In her new role, McKissick will lead the joint venture's business growth and day-to-day operations, focused on delivering a smooth, streamlined financing experience for ONX X+ Mortgage customers. 'Kathryn is a trusted and dynamic leader with the experience and insight needed to guide our new joint venture,' said loanDepot Executive Vice President of National Joint Ventures Dan Peña. 'Her deep understanding of both the lending and new home construction businesses, paired with her commitment to customer-first service, makes her a natural choice to lead ONX X+ Mortgage.' 'This joint venture brings together two outstanding companies that share the same values of innovation and customer excellence,' said McKissick. 'I've always believed in the power of homeownership to change lives, and that belief has guided my entire career. I'm excited to lead this business and help make that experience even more meaningful for the customers we serve.' About loanDepot At loanDepot (NYSE: LDI), we know home means everything. That's why we are on a mission to support homeowners with a suite of products and services that fuel the American Dream. Our portfolio of digital-first home purchase, home refinance and home equity lending products make homeownership more accessible, achievable, and rewarding, especially for the increasingly diverse communities of first-time homebuyers we serve. Headquartered in Southern California with local market offices nationwide, loanDepot and its sister real estate and home services company, mellohome, are dedicated to helping customers put down roots and bring dreams to life – all while building stronger communities and a better tomorrow. About Onx Homes Onx Homes is pioneering a new era of homes and neighborhoods. Founded in 2021 by construction experts, design thinkers, and technology leaders, it is committed to providing homeowners with the next generation of living spaces. With corporate and manufacturing facilities in Florida and Texas, Onx has already delivered a diverse portfolio of homes and has over 2,500 beautiful, resilient, and cost-efficient homes under development across Florida and Texas. Onx specializes in merging high-end design and leading technology to deliver the highest quality single-family homes and townhome communities. Leveraging its customer-centric approach and fully integrated construction capabilities, including innovative proprietary design and X⁺Construction™ technology, Onx builds the most resilient and cost-efficient homes, creating unique value for homeowners.
