secwatch.observer — SEC 8-K summary
======================================

Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001831631-22-000323
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

loanDepot Q3 net loss $137.5M, revenue down 11% QoQ; cash rises to $1.14B
-------------------------------------------------------------------------

- Net loss $137.5M vs $223.8M Q2 (down 38.6%); diluted EPS loss $0.37.
- Revenue $274.2M (-11% QoQ); gain on sale margin 1.80% (up from 1.16%).
- Total expenses reduced 22% to $435.1M; on track for $400M annualized savings by year-end 2022.
- Cash balance increased 20% to $1.14B; digital HELOC launched.
- Loan origination volume $9.85B (down 38% QoQ); rate lock volume $12.03B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163122000323/0001831631-22-000323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163122000323/ldi-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001831631-22-000323

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer