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.)
|Address||26642 Towne Centre Drive, Foothill Ranch, California 92610, US|
|Phone Number||(888) 337-6888|
|Revenues||$3429.1 mil (last 12 months)|
|Net Income||$1482.2 mil (last 12 months)|
|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|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|