loanDepot(LDI) - 2024 Q1 - Quarterly Results
LDIloanDepot(LDI)2024-05-08 04:01

loanDepot announces first quarter 2024 financial results Positive revenue and cost momentum partially offset by the impact of January cyber incident. Year-over year highlights: • Revenue increased $15 million or 7% to $223 million primarily driven by higher servicing income and pull through weighted gain on sale margin, partially offset by revenue loss due to the cyber incident. • Expenses decreased $7 million or 2% to $308 million primarily from lower personnel and marketing costs. Company incurred $15 mil ...