loanDepot reported a wider first-quarter loss as market volatility and lower gain-on-sale margins weighed on revenue, despite growth in lock volume and market share.

The Irvine, California-based mortgage lender on Tuesday posted a net loss of $54.9 million in the first quarter, compared with a loss of $32.8 million in the fourth quarter of 2025 and a loss of $40.7 million a year earlier.

Total revenue fell to $286.4 million from $310.3 million in the prior quarter, while adjusted revenue declined to $299.3 million from $316.3 million. Total expenses were largely flat quarter over quarter at $341.5 million.

loanDepot originated $7.7 details ⇒

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