LoanDepot Invests in Technology to Prepare for Mortgage Industry Rebound
LDIloanDepot(LDI) PYMNTS·2024-03-13 09:33

LoanDepot is investing in technology as it prepares for a rebound in industrywide mortgage origination volumes. While the provider of home lending solutions reduced its expenses by 36% in 2023, right-sizing itself for today’s lower market volumes, it also invested in platforms and systems to boost productivity, loanDepot President and CEO Frank Martell said Tuesday (March 12) during the company’s quarterly earnings call. “Looking ahead, we expect higher levels of automation and the benefit of productivity p ...