loanDepot loss widens 35% to $55M as gain margins compress 84 bps despite refinance surge

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

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  Net loss widened to $54.9M from $40.7M year-over-year despite 48% volume growth, driven by pull-through gain margin compression to 2.71% from 3.55% (84 bps) and 17% higher personnel costs.

  MD&A: Financial Results verify on EDGAR →
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  Refinance originations surged 113% to $4.5B from $2.1B, driving total volume to $7.7B, but servicing rights fair value loss widened 57% to $64.4M from increased fallout and hedge losses.

  MD&A: Origination & Servicing Metrics verify on EDGAR →
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  Company announced Figure Technology partnership in April 2026 to integrate express underwriting engine enabling 5-minute approvals and 5-day funding, expected to reduce production costs and support market share growth.

  MD&A: Strategic Initiatives verify on EDGAR →