Loandepot, Inc. · NYSE:LDI
Loandepot — Q1 2025 Earnings Presentation
15 slides from Loandepot's earnings presentation, May 6, 2025
Slide 1: 1Q 2025 Investor Presentation
1Q 2025 INVESTOR PRESENTATION May 6, 2025
Slide 2: We make the American Dream of home possible
We make the American Dream of home possible. Partnering with homeowners throughout the lifecycle of the homeownership journey. Finding An Agent Serving the Buyer Supporting The Servicing the Mortgage Optimizing the Journey Managing the Purchase Home First Time HELOC Local Building Homebuyer Title So
Slide 3: First Quarter Fact Sheet
FIRST QUARTER FACT SHEET • Originations: $5.2 billion in funded volume, within the range of guidance • Total Revenue: $273.6 million on $5.4 billion of pull-through weighted lock volume; Adjusted revenue of $278.4 million • Total Expenses: Increased by $11.8 million, or ~4% from the first quarter of
Slide 4: Diverse & Experienced Management Team with Unique Skillsets
DIVERSE & EXPERIENCED MANAGEMENT TEAM WITH UNIQUE SKILLSETS Anthony Hsieh Frank Martell David Hayes Jeff Walsh Dan Binowitz Jeff DerGurahian Executive Chairman of President and CEO Chief Financial Officer President, LDI Mortgage Managing Director Chief Investment Officer and Mortgage Originations Se
Slide 5: Scaled Originator Delivering Customers a Complete Solution
SCALED ORIGINATOR DELIVERING CUSTOMERS A COMPLETE SOLUTION 2010 Established Scalable 2013 Diversification 2016 Brand, Technology & 2022 Project to to & Expansion to To Vision 2025 2025+ 2012 Infrastructure 2015 2021 Operational Transformation 2024 North Star • Launched with the goal of • Expanded in
Slide 6: Origination Growth Relative to Industry
ORIGINATION GROWTH RELATIVE TO INDUSTRY Total Market Share (%)(1) 1.5% 1.2% 1.4% 1.4% 1.7% 1.5% 1.5% 1.5% 1.3% ($ in billions) Purchase 71% 73% 71% 76% 72% 72% 66% 58% 59% Mix % : 6 (1) Calculated as LDI origination volume, in dollars, divided by total mortgage originations, in dollars, for 1-4 fami
Slide 7: Historical Cost Structure Comparison ($M)
HISTORICAL COST STRUCTURE COMPARISON ($M) Direct Origination Expense Commissions Marketing Other Interest Other G&A Salaries FTEs 7 (1) Excluding Cybersecurity Incident-related (2) Represents expenses directly related to the Cybersecurity Incident, net of actual and expected insurance recoveries, in
Slide 8: Historical Servicing Portfolio Trend
HISTORICAL SERVICING PORTFOLIO TREND ($ in billions) Recapture %(1) : 59% 70% 71% 75% 65% Retention %(2) : 67% 68% 61% 60% 67% Total Serv Exp$ to 2.2 2.0 2.6 2.8 2.6 Avg. UPB $, bps: 8 (1) Recapture rate as defined on page 3. (2) Portion of loan origination volume that was sold servicing retained in
Slide 9: Strong Liquidity and Balance Sheet
STRONG LIQUIDITY AND BALANCE SHEET Unrestricted Cash ($M) MSR FV / Total Equity $604 $533 $483 $422 $371 10% 9% 8% 7% Debt Obligations, net to Total Equity 6% Q1 '24 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Unrestricted Cash / Total Assets 9
Slide 10: Q2 2025 Outlook
Q2 2025 OUTLOOK* Current Market Metric Low High Conditions • Higher interest rates and home price appreciation adversely Pull-through Weighted impacts home affordability and $5.5 $8.0 Rate Lock Volume ($bn) borrower demand • Limited supply of new and resale homes adversely impacts homebuying activit
Slide 11: Appendix
loanDepot APPENDIX
Slide 12: Balance Sheet & Servicing Portfolio Highlights
BALANCE SHEET & SERVICING PORTFOLIO HIGHLIGHTS 12
Slide 13: Non-GAAP Financial Reconciliation
NON-GAAP FINANCIAL RECONCILIATION 13
Slide 14: Non-GAAP Financial Reconciliation (Cont'd)
NON-GAAP FINANCIAL RECONCILIATION (CONT’D) 14
Slide 15: Disclaimer
DISCLAIMER Forward-Looking Statements and Other Information This presentation contains, and responses to questions may contain, forward-looking statements that can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words “believe,” “anticipa