The troubled lender has shed 5,200 workers through layoffs and attrition and is instituting other cost-cutting measures aimed at trimming $400 million in annual expenses by the end of the year.
Source: Inman News
After cutting Q3 losses, loanDepot has sights set on breaking even
Published in frank martell, Industry News, joint ventures, loanDepot, Mortgage, Select and wholesale lending
More from frank martellMore posts in frank martell »
- LoanDepot revamps leadership as it fights steering allegations
- Back as CEO, loanDepot founder has his work cut out for him
- LoanDepot boosts lending and profit margins, trims Q1 loss
- LoanDepot shares slip on $67M Q4 2024 net loss, tepid Q1 outlook
- Hsieh returns to LoanDepot as Frank Martell steps down as CEO
More from Industry NewsMore posts in Industry News »
More from joint venturesMore posts in joint ventures »
More from loanDepotMore posts in loanDepot »
More from MortgageMore posts in Mortgage »
- Bayview merger positions Guild Mortgage for refinancing boom
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Homebuyers came out in force last week, and rates are trending down
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- Realtor who tipped Pulte to Schiff loans now a witness [EXCLUSIVE]
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from wholesale lendingMore posts in wholesale lending »
Be First to Comment