LoanDepot, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 04:05 pm EST
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loanDepot, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net loss was USD 60.08 million compared to net income of USD 51.48 million a year ago. Basic loss per share from continuing operations was USD 0.37 compared to basic earnings per share from continuing operations of USD 0.4 a year ago. Diluted loss per share from continuing operations was USD 0.37 compared to diluted earnings per share from continuing operations of USD 0.4 a year ago.
For the nine months, net loss was USD 195.75 million compared to net income of USD 104.91 million a year ago. Basic loss per share from continuing operations was USD 1.29 compared to basic earnings per share from continuing operations of USD 0.82 a year ago. Diluted loss per share from continuing operations was USD 1.29 compared to diluted earnings per share from continuing operations of USD 0.82 a year ago.
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.
LOANDEPOT, INC. 
