LOANDEPOT, INC. Q1 2024 EARNINGS PRESENTATION
May 7, 2024
1Q '24 FINANCIAL HIGHLIGHTS
Revenue
$223M | -3% | +7% | ||||||
Q1 2024 | QoQ | YoY | ||||||
($M) | Millions | $300 | $272 | $266 | $229 | |||
$200 | ||||||||
$250 | $208 | $223 | ||||||
Revenue | $150 | |||||||
$100 | ||||||||
$50 | ||||||||
$0 | ||||||||
Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | ||||
Product Mix
100% | |
Mix | 80% |
60% | |
Product | |
40% | |
20% | |
0% |
Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | ||||||
Conventional | Government | Other | ||||||||
Conv / Gov Delta: -2 /-1% QoQ | -1 / +7% YoY | |||||||||
Notes:
UPB & servicing revenue | UPB | ||||
$130 | -2% | ||||
$142 $144 $145 $142 | ($M) | ||||
$141 | $142 | QoQ | |||
$140 | revenueServicing | ||||
UPB($B) | +0.5% | ||||
YoY | |||||
$100 | $100 | ||||
Q4 '22 | Q1 '23 | Q2 '23 Q3 '23 Q4 '23 Q1 '24 | |||
Expenses by Category
$400.0 | |||||||||
$330.1 | |||||||||
$314.5 | $305.1 | $302.6 | $307.9 | ||||||
$MM | $300.0 | ||||||||
$200.0 | |||||||||
$100.0 | |||||||||
$- | |||||||||
Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |||||
Volume Related Exp. | All Other Exp. | ||||||||
Origination vol. market share (1)
1.2% Volumeshare | Market share | |||||||||
-10% | -20% | |||||||||
1.4% share | QoQ | YoY | ||||||||
QoQ | YoY | |||||||||
Unit | -10% | -18% | ||||||||
($B)Volume | $10 | 1.6% | shareMarket | |||||||
$6.1 | ||||||||||
$4.9 | $5.9 | $5.2 | $4.4 | 1.2% | ||||||
$5 | 0.8% | |||||||||
0.4% | ||||||||||
$0 | 0.0% | |||||||||
Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | ||||||
PTNI
PTNI
-$85M -15% +20%
Q1 2024 | QoQ | YoY | |||||
Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |||
($M) Millions | $0 | ||||||
-58 | -39 | ||||||
-$100 | |||||||
PTNI | -74 | -85 | |||||
-107 | |||||||
-$200 | |||||||
(1) First lien only - excludes LDI HELOC Volume market per MBA release as of April 2024
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Disclaimer
loanDepot Inc. published this content on 07 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2024 21:20:34 UTC.
