Tagged: loanDepot

The class members claim Ally Financial was negligent in safeguarding consumers' personal information

Pull-through weighted gain on sale margin of 322 basis points highest since the beginning of the market downturn in 2022.

A lawsuit filed by loanDepot in 2023 accused Movement Mortgage of illegally luring away 25 employees over a three-month period in 2021.

Originators Left To Deal With The Fallout

Abarca most recently served as Executive Vice President of Lending Operations.

FHA mortgagees experiencing a potential or actual cyberattack must notify HUD within 12 hours.

Originator reports a quarterly net loss of $72 million on revenues of $223 million as first-quarter origination volume declines 8% year over year.

Net losses for the fourth quarter totaled $59.8 million – a 43% jump from the third quarter “primarily due to revenues decreasing more than the decrease in expenses.”

loanDepot tells federal regulators that the cybersecurity incident will impact its Q1 earnings.

Alleging undue similarity between the "fello" and "mello" platforms, loanDepot takes legal action to protect its brand identity and prevent consumer deception in the competitive real estate market.