General Information

loanDepot is a customer-centric, technology-empowered residential mortgage platform with a widely recognized consumer brand. We launched our business in 2010 to disrupt the legacy mortgage industry and make obtaining a mortgage a positive experience for consumers. We have built a leading technology platform, designed around the consumer, which has redefined the mortgage process.

Our digital-first approach has allowed us to become one of the fastest-growing, at-scale mortgage originators in the U.S. We are the second-largest retail-focused non-bank mortgage originator and the fifth-largest overall retail originator, according to Inside Mortgage Finance. We originated $79.4 billion of loans for the 12 months ended Sept. 30, 2020, and experienced 116% year-over-year origination volume growth for the nine months ended Sept. 30, 2020.

(Note: The Street hears that loanDepot is expected to price tonight, Feb. 10, following an S-1/A filing dated Feb. 9, showing the same terms – 15 million shares at $19 to $21 – but this timetable is nearly a week after the IPO’s initially expected pricing date.)

Employees: 8614
Founded: 2010
Contact Information
Address 26642 Towne Centre Drive, Foothill Ranch, California 92610, US
Phone Number (888) 337-6888
Web Address
View Prospectus: loanDepot
Financial Information
Market Cap $6499.9mil
Revenues $3429.1 mil (last 12 months)
Net Income $1482.2 mil (last 12 months)
IPO Profile
Symbol LDI
Exchange NYSE
Shares (millions): 3.9
Price range $14.00 - $14.00
Est. $ Volume $53.9 mil
Manager / Joint Managers Goldman Sachs/ BofA Securities/ Credit Suisse/ Morgan Stanley/ Barclays/ Citigroup/ Jefferies/ UBS Investment Bank
CO-Managers JMP Securities/ Nomura/ Piper Sandler/ Raymond James/ William Blair
Expected To Trade: 2/11/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change