Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. And its leadership believes that its scale will enable it to weather any storm better than its competitors as interest rates continue to rise.

Closed loan volume in the first quarter increased to $41.5 billion from $37.4 billion in the fourth quarter and $15.2 billion in Q1 2020, according to the lender’s quarterly earnings report. Net income was $427.9 million in the first quarter on revenue of $1.3 billion, which was details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com