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loanDepot ( (LDI) ) has issued an announcement.
On March 11, 2025, loanDepot announced its financial results for the fourth quarter and full year ending December 31, 2024. The company reported a 9% increase in annual revenue, reaching $1.06 billion, and a reduction in net losses compared to the previous year. Significant achievements included refinancing corporate debt, expanding joint venture partnerships, and improving operational productivity. Despite a net loss of $202 million for the year, loanDepot’s strategic initiatives under Vision 2025 and Project North Star are expected to position the company for future growth and profitability.
More about loanDepot
loanDepot, Inc. is a leading provider of products and services that facilitate the homeownership journey. The company operates in the housing and mortgage industry, focusing on technology and data-driven lending solutions for first-time homeowners.
YTD Price Performance: -12.82%
Average Trading Volume: 790,761
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $555.9M
For an in-depth examination of LDI stock, go to TipRanks’ Stock Analysis page.