loanDepot on Wednesday released its financial results for the fourth quarter and full year of 2024. The earnings report showcased a mixed picture for the Irvine, California-based mortgage lender.

While the earnings report showed that loanDepot is making progress in revenue growth and operational efficiency, achieving sustained profitability is proving to be more difficult. In Q3 2024, the company returned to a state of profitability after an 11-quarter streak of financial losses.

In Q4 2024, loanDepot’s gross revenue increased 13% to $257 million and its adjusted revenue increased 6% to $267 million compared to the same period details ⇒

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