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    Taylor DeBey • Jefferies

    Taylor DeBey's questions to loanDepot Inc (LDI) leadership

    Taylor DeBey's questions to loanDepot Inc (LDI) leadership • Q4 2024

    Question

    Taylor DeBey, on for JD, questioned the company's hiring and expense plans for 2025, the potential for operating leverage in a recovering mortgage market, and sought updates on Project North Star initiatives.

    Answer

    CFO David Hayes stated that hiring will focus on revenue-generating roles, expecting operating leverage to improve and G&A expenses to see modest reductions. CEO Frank Martell added that Project North Star is in its early stages with technology investments underway. LDI Mortgage President Jeff Walsh specified that two new JV partnerships, with Smith Douglas and Onx Homes, are being onboarded in 2025 with a full ramp-up expected in 2026.

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    Taylor DeBey's questions to loanDepot Inc (LDI) leadership • Q3 2024

    Question

    Taylor DeBey inquired about the forward-looking trend for non-volume-related expenses, excluding the one-time cyber insurance recovery, and asked for more details on the geographic and partnership expansion plans within the new Project North Star initiative.

    Answer

    Chief Financial Officer David Hayes explained that while volume-related expenses will fluctuate, non-volume expenses are expected to trend down, though the company is actively investing in revenue-generating roles and faces some vendor cost inflation. LDI Mortgage President Jeff Walsh added that geographic expansion is focused on filling in markets organically, particularly in the South and Southeast, and through new joint ventures with builders like Smith Douglas.

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