loanDepot(LDI) - 2023 Q4 - Annual Results
loanDepot(LDI)2024-03-12 00:00
loanDepot announces fourth quarter and year-end 2023 financial results Vision 2025 productivity improvements more than offset market-driven revenue decline, resulting in 61% reduction in annual net loss. Company exits 2023 with strong liquidity position. Full-year 2023 highlights: • Revenue decreased $282 million or 22% to $974 million from 2022, primarily driven by lower market volume; growth in servicing income and HELOC revenue as well as higher gain on sale margin partially offset the impact of volume d ...