loanDepot Enters $100M Sales Agreement with BTIG
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 18 2026
0mins
Source: seekingalpha
- Financing Plan: loanDepot has entered into a sales agreement with BTIG to sell up to $100 million in Class A shares, aiming to optimize liquidity through periodic sales and enhance the company's financial stability.
- Debt Management: Proceeds from this sale will be used to reduce outstanding indebtedness, which is expected to significantly improve the company's financial condition and provide stronger funding support for future business expansion.
- Market Outlook: loanDepot forecasts a lock volume of $5.75 billion to $7.75 billion in Q2 2026, indicating a bullish outlook on market demand, particularly driven by the ramp-up of the 5x5 HomeLoan product.
- Financial Performance: In its Q1 2026 earnings report, loanDepot demonstrated strong potential for financial improvement, further solidifying its competitive position in the residential mortgage market.
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Analyst Views on LDI
Wall Street analysts forecast LDI stock price to rise
3 Analyst Rating
0 Buy
1 Hold
2 Sell
Moderate Sell
Current: 1.270
Low
1.75
Averages
2.38
High
3.00
Current: 1.270
Low
1.75
Averages
2.38
High
3.00
About LDI
loanDepot, Inc. provides a customer-centric, technology-empowered residential mortgage platform. It is engaged in the origination of conventional and government mortgage loans, servicing conventional and government mortgage loans, and providing ancillary services. It engages in originating, financing, selling, and servicing residential mortgage loans and provides title, escrow, and settlement services for mortgage loan transactions. Its proprietary technology platform, mello, serves as a lead generation tool for these loan officers, particularly focusing on purchase originations. It has a loan product suite, including conventional agency-conforming loans, conventional prime jumbo loans, Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans, and home equity lines of credit. Its ancillary business includes settlement services, real estate services and insurance services. mello Home Services, LLC is its wholly owned captive real estate referral business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
loanDepot Receives Multiple Recognitions in Lending Services
- Outstanding Loan Service Performance: In 2026, loanDepot was recognized by multiple organizations as a top mortgage lender across various categories, including refinance, FHA, VA, and home equity loans, demonstrating its competitiveness in customer service, pricing, and flexible loan options.
- Increased Customer Satisfaction: Evaluations from institutions like Bankrate and CNBC Select over the past six months highlight loanDepot's exceptional performance in customer satisfaction and on-time closings, further solidifying its leadership position in the U.S. mortgage market.
- Innovation Driving Industry Change: Since its inception in 2010, loanDepot has revolutionized the mortgage process through digital innovations, making transactions smoother for customers and helping more Americans achieve homeownership, showcasing its transformative impact in the industry.
- Community Responsibility: loanDepot is committed to giving back to the community through various local and national philanthropic efforts, reflecting its social responsibility as a national retail lender and dedication to its customers.
See More
loanDepot Enters $100M Sales Agreement with BTIG
- Financing Plan: loanDepot has entered into a sales agreement with BTIG to sell up to $100 million in Class A shares, aiming to optimize liquidity through periodic sales and enhance the company's financial stability.
- Debt Management: Proceeds from this sale will be used to reduce outstanding indebtedness, which is expected to significantly improve the company's financial condition and provide stronger funding support for future business expansion.
- Market Outlook: loanDepot forecasts a lock volume of $5.75 billion to $7.75 billion in Q2 2026, indicating a bullish outlook on market demand, particularly driven by the ramp-up of the 5x5 HomeLoan product.
- Financial Performance: In its Q1 2026 earnings report, loanDepot demonstrated strong potential for financial improvement, further solidifying its competitive position in the residential mortgage market.
See More
loanDepot Q1 2026 Earnings Call Insights
- Financial Performance Overview: loanDepot reported an adjusted net loss of $34 million in Q1 2026, an increase from a $21 million loss in Q4 2025, primarily due to a decline in gain-on-sale margins, despite lower expenses, indicating challenges faced amid market volatility.
- New Product Launch: The introduction of the 5x5 HomeLoan product promises approval in 5 minutes and funding in 5 days, aimed at enhancing customer experience and competitiveness, particularly as demand for HELOC products rises.
- Market Outlook: CFO David Hayes expects second-quarter lock volume to range between $5.75 billion and $7.75 billion, with origination volume between $7.25 billion and $9.25 billion, reflecting the positive impact of the gradual rollout of the 5x5 product on overall performance.
- Cost Control Measures: Although total expenses decreased by $565,000 from the previous quarter, rising salary-related costs due to increased headcount highlight the need for the company to balance cost management with growth during its rebuilding phase.
See More
loanDepot Q1 Financial Results Analysis
- Revenue Performance: loanDepot reported Q1 revenue of $286 million, reflecting a 4.5% year-over-year increase, yet it fell short of expectations by $13.74 million, indicating intensified market competition and fluctuating customer demand.
- Widening Net Loss: The adjusted net loss reached $34 million, compared to a loss of $21 million in the previous quarter, highlighting challenges in cost control and profitability that may impact investor confidence.
- Cash Flow Status: The cash balance decreased to $277 million from $337 million in the prior quarter, primarily due to investments in servicing rights, suggesting a need for careful liquidity management as the company expands its operations.
- Future Outlook: The company anticipates Q2 2026 origination volumes between $7.25 billion and $9.25 billion, with pull-through weighted gain on sale margins projected between 330 and 360 basis points, indicating a cautious yet optimistic stance on financial improvement despite current challenges.
See More
loanDepot Q1 Earnings Preview and Market Outlook
- Earnings Announcement Date: loanDepot (LDI) is set to release its Q1 earnings on May 5th after market close, with a consensus EPS estimate of -$0.03, reflecting a 72.7% year-over-year improvement, indicating potential for financial recovery.
- Revenue Expectations: The anticipated revenue for Q1 is $299.74 million, representing a 9.5% year-over-year increase; however, LDI has only beaten revenue estimates 50% of the time over the past year, suggesting cautious market sentiment.
- Estimate Revision Trends: Over the last three months, there have been no upward revisions to EPS estimates, with three downward adjustments, and similarly, revenue estimates saw one downward revision, indicating market concerns regarding loanDepot's future performance.
- Market Share Goals: loanDepot aims for a lock volume of $7.75 billion to $8.75 billion in Q1, leveraging digital and AI initiatives to drive market share gains, despite facing competitive pressures in the financial sector.
See More
loanDepot Launches Fully Digital 5x5 HomeLoan
- Rapid Approval Speed: The newly launched 5x5 HomeLoan by loanDepot allows for loan approvals in as little as five minutes and funding within five to seven days, significantly enhancing customer financing efficiency and addressing the market's urgent demand for quick loans.
- Cost Savings Advantage: This product eliminates appraisal, standard title, and standard closing costs, enabling borrowers to secure loans at a lower cost, thereby increasing loanDepot's appeal in a highly competitive market.
- Flexible Loan Options: The 5x5 HomeLoan supports purchases, refinancing, and home equity lines, with loan amounts ranging from $25,000 to $750,000 and offering both fixed and variable rate options to meet diverse customer needs.
- Strategic Partnership Enhancement: loanDepot's collaboration with Figure Technology integrates its proprietary credit and loan underwriting engine into the mello® technology platform, not only enhancing customer service capabilities but also providing crucial support for future product innovation and market share growth.
See More
loanDepot Receives Multiple Recognitions in Lending Services
- Outstanding Loan Service Performance: In 2026, loanDepot was recognized by multiple organizations as a top mortgage lender across various categories, including refinance, FHA, VA, and home equity loans, demonstrating its competitiveness in customer service, pricing, and flexible loan options.
- Increased Customer Satisfaction: Evaluations from institutions like Bankrate and CNBC Select over the past six months highlight loanDepot's exceptional performance in customer satisfaction and on-time closings, further solidifying its leadership position in the U.S. mortgage market.
- Innovation Driving Industry Change: Since its inception in 2010, loanDepot has revolutionized the mortgage process through digital innovations, making transactions smoother for customers and helping more Americans achieve homeownership, showcasing its transformative impact in the industry.
- Community Responsibility: loanDepot is committed to giving back to the community through various local and national philanthropic efforts, reflecting its social responsibility as a national retail lender and dedication to its customers.
See More
loanDepot Enters $100M Sales Agreement with BTIG
- Financing Plan: loanDepot has entered into a sales agreement with BTIG to sell up to $100 million in Class A shares, aiming to optimize liquidity through periodic sales and enhance the company's financial stability.
- Debt Management: Proceeds from this sale will be used to reduce outstanding indebtedness, which is expected to significantly improve the company's financial condition and provide stronger funding support for future business expansion.
- Market Outlook: loanDepot forecasts a lock volume of $5.75 billion to $7.75 billion in Q2 2026, indicating a bullish outlook on market demand, particularly driven by the ramp-up of the 5x5 HomeLoan product.
- Financial Performance: In its Q1 2026 earnings report, loanDepot demonstrated strong potential for financial improvement, further solidifying its competitive position in the residential mortgage market.
See More
loanDepot Q1 2026 Earnings Call Insights
- Financial Performance Overview: loanDepot reported an adjusted net loss of $34 million in Q1 2026, an increase from a $21 million loss in Q4 2025, primarily due to a decline in gain-on-sale margins, despite lower expenses, indicating challenges faced amid market volatility.
- New Product Launch: The introduction of the 5x5 HomeLoan product promises approval in 5 minutes and funding in 5 days, aimed at enhancing customer experience and competitiveness, particularly as demand for HELOC products rises.
- Market Outlook: CFO David Hayes expects second-quarter lock volume to range between $5.75 billion and $7.75 billion, with origination volume between $7.25 billion and $9.25 billion, reflecting the positive impact of the gradual rollout of the 5x5 product on overall performance.
- Cost Control Measures: Although total expenses decreased by $565,000 from the previous quarter, rising salary-related costs due to increased headcount highlight the need for the company to balance cost management with growth during its rebuilding phase.
See More
loanDepot Q1 Financial Results Analysis
- Revenue Performance: loanDepot reported Q1 revenue of $286 million, reflecting a 4.5% year-over-year increase, yet it fell short of expectations by $13.74 million, indicating intensified market competition and fluctuating customer demand.
- Widening Net Loss: The adjusted net loss reached $34 million, compared to a loss of $21 million in the previous quarter, highlighting challenges in cost control and profitability that may impact investor confidence.
- Cash Flow Status: The cash balance decreased to $277 million from $337 million in the prior quarter, primarily due to investments in servicing rights, suggesting a need for careful liquidity management as the company expands its operations.
- Future Outlook: The company anticipates Q2 2026 origination volumes between $7.25 billion and $9.25 billion, with pull-through weighted gain on sale margins projected between 330 and 360 basis points, indicating a cautious yet optimistic stance on financial improvement despite current challenges.
See More
loanDepot Q1 Earnings Preview and Market Outlook
- Earnings Announcement Date: loanDepot (LDI) is set to release its Q1 earnings on May 5th after market close, with a consensus EPS estimate of -$0.03, reflecting a 72.7% year-over-year improvement, indicating potential for financial recovery.
- Revenue Expectations: The anticipated revenue for Q1 is $299.74 million, representing a 9.5% year-over-year increase; however, LDI has only beaten revenue estimates 50% of the time over the past year, suggesting cautious market sentiment.
- Estimate Revision Trends: Over the last three months, there have been no upward revisions to EPS estimates, with three downward adjustments, and similarly, revenue estimates saw one downward revision, indicating market concerns regarding loanDepot's future performance.
- Market Share Goals: loanDepot aims for a lock volume of $7.75 billion to $8.75 billion in Q1, leveraging digital and AI initiatives to drive market share gains, despite facing competitive pressures in the financial sector.
See More
loanDepot Launches Fully Digital 5x5 HomeLoan
- Rapid Approval Speed: The newly launched 5x5 HomeLoan by loanDepot allows for loan approvals in as little as five minutes and funding within five to seven days, significantly enhancing customer financing efficiency and addressing the market's urgent demand for quick loans.
- Cost Savings Advantage: This product eliminates appraisal, standard title, and standard closing costs, enabling borrowers to secure loans at a lower cost, thereby increasing loanDepot's appeal in a highly competitive market.
- Flexible Loan Options: The 5x5 HomeLoan supports purchases, refinancing, and home equity lines, with loan amounts ranging from $25,000 to $750,000 and offering both fixed and variable rate options to meet diverse customer needs.
- Strategic Partnership Enhancement: loanDepot's collaboration with Figure Technology integrates its proprietary credit and loan underwriting engine into the mello® technology platform, not only enhancing customer service capabilities but also providing crucial support for future product innovation and market share growth.
See More
