loanDepot — Third Quarter 2026 Earnings Summary

loanDepot reported a net loss of $29 million for the third quarter of 2026, driven by a 12% decline in origination volume to $7.05 billion amid rising interest rates. Despite lower total revenue of $307 million, the company achieved a 7% increase in unit volume and expanded its pull-through weighted gain on sale margin to 399 basis points through a strategic shift toward higher-margin home equity loans. The firm completed the sale of $10 billion in Agency mortgage servicing rights and repurchased $87 million of senior notes, reducing net debt obligations by approximately $114 million. Management projects fourth-quarter origination volume between $4.5 billion and $6.5 billion with a weighted gain on sale margin target of 425 to 465 basis points.