CEO Max Simkoff says the company is well positioned to help lenders take advantage of the Biden administration’s push to reduce closing costs for mortgage borrowers.
Category: 2023 earnings
LoanDepot trims 2023 net loss by 37%, retains ‘strong liquidity profile’
As mortgage rates soared last year, loanDepot saw 2023 loan origination volume plunge by 58 percent from the year before, to $22.7 billion.