loanDepot Q2 FY26 net loss narrows to $7 million vs prior quarter; revenue rises 18% to $337 million
LDI•Third-quarter guidance
- Guidance calls for third-quarter origination volume of USD 6.25 billion-USD 8.25 billion, with pull-through weighted gain on sale margin of 360-390 basis points.
Quarterly results improve
- loanDepot posted a GAAP net loss of USD 7 million, narrowing from a USD 55 million loss in the prior quarter.
- Revenue climbed 18% from the prior quarter to USD 337 million, driven by higher origination income and servicing revenue.
- Pull-through weighted gain on sale margin widened 74 basis points from the prior quarter to 345 basis points on a shift toward home equity and government loans.
- Origination volume rose 4% from the prior quarter to USD 7.99 billion as unit volume jumped 25% on expansion into home equity lending.
