loanDepot Reports Q3 2026 Net Loss Amid Higher Interest Rates and Shifting Product Mix
loanDepot (LDI) reported a net loss of $28.7 million for the third quarter of 2026, a significant increase from the $6.6 million loss recorded in the previous quarter. The company's origination volume fell to $7 billion, representing a 12% decline from Q2, driven by a shift toward smaller average loan balances and market pressure from rising interest rates. Despite the net loss, the company saw improvements in certain operational metrics, including a 54 basis point increase in pull-through weighted gain on sale margin to 4.0% due to higher-margin home equity products. Management also highlighted a 16% year-over-year improvement in cost to produce and increased productivity per employee through automation investments. However, guidance for Q4 origination volume remains conservative at $4.5 billion to $6.5 billion.
Tickers: $LDI
Topics: earnings report mortgage servicing rights net loss origination volume