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HousingWire Annual: loanDepot’s Frank Martell talks Vision 2025 ‘wiggle room,’ profitability

loanDepots CEO and president Frank Martell said the mortgage market will remain challenging in 2024. Still, the company is working to make money and, when the market turns, accelerate growth in a profitable, sustainable way.

To get there, Martell said loanDepot is still committed to its Vision 2025 plan, announced three months following his arrival to the company last year. But it was built to have a “little bit of wiggle room” to adjust to market conditions and opportunities for tomorrow.

Martel spoke during the HW Annual Conference held from Oct. 4-7 in Austin, Texas.

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