loanDepot, Inc. (LDI)
NYSEFinancialsFinancial - MortgagesSnapshot 2026-09-04
$0.94+0.27%
Close 2026-09-04 · 1-day change
NYSEFinancialsFinancial - MortgagesSnapshot 2026-09-04
Broken: Primary pillar broken — loan origination volume between $6.75B and $7.75B: Q3 FY26 revenue guidance $6.25B-$8.25B vs $6.75B target.
loanDepot aims to improve its gain on sale margin to 3.3%. Management targets $6.75B to $7.75B in loan originations. The company is working to fix losses and grow revenue. Recent deals show some positive moves.
loanDepot is still losing money and revenue fell recently. Profit margin goals may be too high. The stock has dropped 35% from its high. The company faces tough market conditions and volatile management.
The market expects about 14% revenue growth. Our fair value is near $6.00. The stock price reflects a risky turnaround with losses and weak cash flow.
Breaks if: gain on sale margin falls below 270 basis points next quarter
Increase pull-through weighted gain on sale margin through product mix shift toward higher-margin home equity and government loans.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround story in the financial sector. LDI is currently facing high risk and volatile management, with recent financial performance being weak, but it is attempting to expand into home equity lending.
The market seems to have priced in a low valuation compared to peers, indicating expectations of continued struggles. There is a notable gap in expectations, suggesting that the current performance is not meeting the market's hopes.
Fundamentals may continue to be pressured in the near term, given the elevated risk of an earnings miss. Management's focus on strategic priorities shows promise, but recent results have not yet translated into consistent performance.
The future of LDI hinges on its ability to execute on its strategic priorities and the performance of sector bellwethers. If competitors continue to perform well, it could provide a tailwind, but any negative guidance or misses from peers could weigh heavily on LDI.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The company is expanding into home equity lending. This supports future growth. However, it recently missed earnings expectations. This raises concerns about performance.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 2 of last 2 quarters. The pull-through weighted gain on sale margin improved significantly from 271 basis points in 2026-Q1 to 345 basis points in 2026-Q2, reflecting management's product mix shift toward higher-margin loans. The trajectory shows clear improvement.
“Pull-through weighted gain on sale margin increased 74 basis points to 345 basis points.”
“Pull-through weighted gain on sale margin decreased 53 basis points to 271 basis points.”
Breaks if: net income remains negative through FY26
Breaks if: origination volume falls below $6.75 billion in FY26
In the next 1 to 3 years, LDI's trajectory will depend on its operational execution and the broader financial sector's health. Not investment advice.