“I
am
thrilled
to
return
to
the
helm
of
the
company
that
I,
along
with
so
many
members
of
the
team,
built
from
the
ground
up,”
said
Hsieh.
“My
focus
is
to
return
to
our
roots
and
drive
profitable
market
share
growth
fueled
by
technology
innovations
that
power
operating
leverage,
and
ultimately
a
return
to
profitability.

“I
believe
that
loanDepot’s
unique
set
of
assets
–
our
nationally
recognized
brand
and
marketing
muscle,
our
diversified
channel
strategy,
our
high-quality
servicing
portfolio
and
our
exceptional
customer
experience
against
the
backdrop
of
a
highly
fragmented
market
and
the
rapid
evolution
of
artificial
intelligence
–
position
us
to
once
again
disrupt
and
redefine
the
industry.”

Hsieh
remarked
during
the
company’s
Thursday
afternoon
earnings
call
on
the

return
of
two
executives
to
loanDepot,
Dominick
Marchetti
and
Sean
DeJulia,
who
were
both
instrumental
in
developing
loanDepot’s
mello
technology
platform.

“These
two
brilliant
and
proven
technology
leaders
bring
a
deep
understanding
of
both
the
loan
manufacturing
process
and
the
competitive
landscape,
and
are
trusted
leaders
who
know
how
to
build,
inspire
and
deliver,”
added
Hsieh.
“I
am
confident
that
they
will
accelerate
our
progress.”

Origination
volume

Last
quarter,
loanDepot’s
expectations
for
Q2
included
an
origination
volume
of
$5
billion
to
$7.5
billion
and
a
pull-through
weighted
rate-lock
volume
of
$5.5
billion
to
$8.0
billion,
along
with
a
pull-through
weighted
gain-on-sale
margin
of
300
to
350
basis
points.

loanDepot’s
Q2
pull-through
weighted
gain
on
sale
margin
was
right
on
the
money,
having
decreased
25
basis
points
to
330
basis
points.
Loan
origination
volume
for
the
second
quarter
of
2025
was
$6.7
billion,
an
increase
of
$1.6
billion
or
30%
from
Q1
2025.
Pull-through
weighted
lock
volume
of
$6.3
billion
for
the
second
quarter
of
2025,
an
increase
of
$0.9
billion
or
17%
from
the
first
quarter
this
year.

The
company
cut
its
expenses
by
2%
(or
$5
million)
to
$315
million
in
the
second
quarter,
CFO

David
Hayes
shared
during
the
call,
driven
mainly
by
lower
general
and
administrative
costs,
even
as
volume-related
expenses
rose
12%
to
$114
million,
well
below
the
30%
increase
in
origination
volume.

Narrowing
losses

loanDepot
also
reported
a
net
loss
of
$25
million,
a
38%
improvement
from
the
prior
quarter’s
$41
million
loss,
which
the
company
attributes
to
higher
revenue
and
reduced
expenses.
Adjusted
net
loss
narrowed
to
$16
million
from
$25
million,
while
adjusted
EBITDA
rose
by
$7
million
to
$26
million.

“We
continued
to
narrow
our
loss
in
the
second
quarter,
thanks
to
both
higher
adjusted
revenue
and
lower
expenses,”
said
Hayes
“Our
continued
focus
on
productivity
and
efficiency
initiatives
was
evident
in
lower
direct
origination
expenses,
even
as
origination
volumes
increased.
We
also
maintained
a
strong
balance
sheet
during
the
quarter,
increasing
our
unrestricted
cash
balance
by
$37
million
to
a
total
of
$409
million.”

Third-quarter
expectations

Moving
into
the
third
quarter,
loanDepot
expects
an
origination
volume
of
between
$5.0
billion
and
$7.0
billion.
It
estimates
a
pull-through
weighted
rate
lock
volume
of
between
$5.25
billion
and
$7.25
billion
and
a
pull-through
weighted
gain
on
sale
margin
of
between
325
to
350
basis
points.

Hayes
said
during
the
call
that
he
expects
total
expenses
to
increase
in
the
third
quarter,
primarily
driven
by
higher
non-volume
related
expenses
from
the
exclusion
of
the
one-time
benefits
recognized
during
Q2
2025.
“The
increase
during
the
third
quarter
is
expected
to
be
partially
offset
by
lower
volume,”
he
said.
“We
remain
laser-focused
on
our
commitment
to
profitability
and
continue
to
work
with
discipline
to
grow
revenue
and
manage
costs
while
maintaining
ample
cash
and
a
strong
balance
sheet.”