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LoanDepot profits surge in Q3 as margins rebound

Anthony Hsieh, founder and CEO of loandepot

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Anthony Hsieh, founder and CEO of loandepot

Nonbank heavyweight loanDepot reported strong results in the third quarter of 2021, with the lender growing its market share to 3.5%.

Anthony Hsieh, founder and CEO of loanDepot, said that the results are “just a preview of what is to come.”

According to loanDepot’s quarterly earnings report released on Monday, net income jumped to $154.3 million compared to $26.3 million in the second quarter.

The growth was fueled by the lender’s gain-on-sale margins rising details ⇒

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