LoanDepot: Fourth Quarter Financial Overview

LoanDepot Inc. Announces Fourth Quarter Financial Results

Based in Irvine, California, LoanDepot Inc. (LDI) disclosed on Tuesday that it experienced a net loss of $22.5 million during the fourth quarter.

The company reported a quarterly loss of 10 cents per share.

Total revenue for the quarter reached $310.3 million.

For the entire fiscal year, LoanDepot recorded a net loss of $62.6 million, translating to a loss of 30 cents per share. Annual revenue amounted to $1.19 billion.