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-6.70%
-48.58%
LoanDepot : 1Q24 Earnings Presentation
May 07, 2024 at 05:23 pm EDT
Q1 2024 EARNINGS PRESENTATION
1Q '24 FINANCIAL HIGHLIGHTS
Revenue
$223M
-3%
+7%
Q1 2024
QoQ
YoY
($M)
Millions
$300
$272
$266
$229
$200
$250
$208
$223
Revenue
$150
$100
$50
$0
Q1 '23
Q2 '23
Q3 '23
Q4 '23
Q1 '24
Product Mix
100%
Mix
80%
60%
Product
40%
20%
0%
Q1 '23
Q2 '23
Q3 '23
Q4 '23
Q1 '24
Conventional
Government
Other
Conv / Gov Delta: -2 /-1% QoQ
-1 / +7% YoY
Notes:
UPB & servicing revenue
UPB
$130
-2%
$142 $144 $145 $142
($M)
$141
$142
QoQ
$140
revenueServicing
UPB($B)
+0.5%
YoY
$100
$100
Q4 '22
Q1 '23
Q2 '23 Q3 '23 Q4 '23 Q1 '24
Expenses by Category
$400.0
$330.1
$314.5
$305.1
$302.6
$307.9
$MM
$300.0
$200.0
$100.0
$-
Q1 '23
Q2 '23
Q3 '23
Q4 '23
Q1 '24
Volume Related Exp.
All Other Exp.
Origination vol. market share (1)
1.2% Volumeshare
Market share
-10%
-20%
1.4% share
QoQ
YoY
QoQ
YoY
Unit
-10%
-18%
($B)Volume
$10
1.6%
shareMarket
$6.1
$4.9
$5.9
$5.2
$4.4
1.2%
$5
0.8%
0.4%
$0
0.0%
Q1 '23
Q2 '23
Q3 '23
Q4 '23
Q1 '24
PTNI
PTNI
-$85M -15% +20%
Q1 2024
QoQ
YoY
Q1 '23
Q2 '23
Q3 '23
Q4 '23
Q1 '24
($M) Millions
$0
-58
-39
-$100
PTNI
-74
-85
-107
-$200
(1) First lien only - excludes LDI HELOC Volume market per MBA release as of April 2024
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Disclaimer
loanDepot Inc. published this content on
07 May 2024 and is solely responsible for the information contained therein. Distributed by
Public , unedited and unaltered, on
07 May 2024 21:20:34 UTC .
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May. 07
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Jan. 19
CI
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
loanDepot, Inc. is a customer-centric, technology-empowered residential mortgage platform. The Company is engaged in the origination of conventional and government mortgage loans, servicing conventional and government mortgage loans, and providing ancillary services. It is engaged in originating, financing, selling, and servicing residential mortgage loans and provides title, escrow, and settlement services for mortgage loan transactions. Its technology platform, mello, serves as a lead generation tool for these loan officers, particularly focusing on purchase originations. The Company and its mellohome operating unit offer an integrated platform of lending, loan servicing, real estate and home services that support customers along their entire homeownership journey. Its loan product suite includes conventional agency-conforming loans, conventional prime jumbo loans, Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans, and home equity lines of credit.
More about the company
Last Close Price
1.81
USD
Average target price
2.45
USD
Spread / Average Target
+35.36%
Consensus
1st Jan change
Capi.
-48.58% 330M -5.50% 49.6B -6.51% 29.44B +47.82% 26.21B +31.10% 25.04B +14.69% 17.59B +1.64% 12.48B +22.70% 10.59B +15.43% 8.1B -30.65% 7.29B
Other Consumer Lending
+951% of historical performance
More than 20 years at your side
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