loanDepot’s Earnings Reveal Strong Originations, Thinning Margins

National Mortgage News, Feb. 18, 2021–Bonnie Sinnock (subscription)
Initial earnings released by the newly public loanDepot on Thursday put a little downward pressure on its stock, but the price remains above that of its competitors. The company recorded $2 billion in net income and a more than 100% year-over-year gain in annual originations, outstripping the industry’s average growth, which was closer to 50% according to the Mortgage Bankers Association.