In Q4 2024, loanDepot reported a 13% increase in gross revenue to $257 million and a 6% rise in adjusted revenue to $267 million. However, the company faced a net loss of $67.5 million, up from $60 million the previous year. Loan origination volume rose to $7.2 billion, a significant 34% increase, with a shift towards refinances due to lower interest rates. The year saw overall improvement, with reduced losses compared to 2023 and operational progress highlighting resilience. The company is also going through leadership changes amid these transitions.
In Q4 2024, loanDepot's gross revenue increased 13% to $257 million, although the company faced a net loss of $67.5 million, reflecting ongoing operational challenges.
Despite higher revenues in Q4 2024, a net loss of $67.5 million shows that loanDepot is still navigating financial difficulties amid changing market dynamics.
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