Loandepot, Inc. (LDI)

loanDepot is a customer-centric, technology-empowered residential mortgage platform with a widely recognized consumer brand. They launched their business in 2010 to disrupt the legacy mortgage industry and make obtaining a mortgage a positive experience for consumers. They have built a leading technology platform designed around the consumer that has redefined the mortgage process. Their digital-first approach has allowed them to become one of the fastest-growing, at-scale mortgage originators in the U.S. They are the second largest retail-focused non-bank mortgage originator and the fifth largest overall retail originator, according to Inside Mortgage Finance. They originated $79.4 billion of loans for the twelve months ended September 30, 2020 and experienced 116% year-over-year origination volume growth for the nine months ended September 30, 2020. They have significantly increased their originations market share from 1.1% in 2014 to 2.6% for the first nine months of 2020, and their strong consumer brand and proprietary technology platform have positioned them to continue gaining additional share. Their Retail and Partner strategies have led to a balanced mix of purchase and refinance mortgages, with purchase originations representing 41% of total originations in 2019.

Industry
Finance Services

CEO	CFO
Anthony Hsieh	Patrick Flanagan

Anthony Hsieh founded LDLLC and has served as Chairman and Chief Executive Officer since its formation in December 2009. He has been Chairman and Chief Executive Officer of loanDepot, Inc. since its formation in November 2020. Mr. Hsieh has more than 30 years of experience in the lending industry. Prior to starting LDLLC, he was instrumental in the development and success of many mortgage lending firms. In 2002, Mr. Hsieh founded HomeLoanCenter.com, the first national online lender to offer a full spectrum of mortgage loan products featuring live interest-rate quotes and loan offerings tailored to borrowers’ needs and credit profiles. He continued to lead the business for three years after it merged with IAC/Interactive subsidiary, LendingTree in 2004. In 1989, he acquired a mortgage brokerage company and transformed it into LoansDirect.com just as the internet sector was taking off. It became one of the most profitable and successful mortgage lenders throughout the 1990’s before it was acquired by E*TRADE Financial in 2001. Mr. Hsieh’s executive leadership experience and extensive knowledge of our business qualify him to serve as a member of our board of directors.

Patrick Flanagan was appointed Chief Financial Officer of LDLLC in December 2019, and joined the company in June 2017. Mr. Flanagan was appointed Chief Financial Officer of loanDepot, Inc. in January 2021. He has more than three decades of experience in the investment management, mortgage banking and fintech spaces, throughout which he has managed the origination, acquisition and servicing of more than $300 billion in residential mortgage and residential real estate assets. Prior to joining LD Holdings, he served as Executive Vice President at Carrington Mortgage Services from May 2016 to May 2017. From February 2015 until April 2016, he was a consultant at Waterfall Asset Management (“Waterfall Asset”). Prior to joining Waterfall Asset, he served as Chief Executive Officer and founder of Cove Financial from August 2009 until December 2014. Mr. Flanagan earned his undergraduate degree from Monmouth College.

Employees	Founded
8614	2010

Address: 26642 Towne Centre Drive, Foothill Ranch, California 92610, US

Telephone: (888) 337-6888

Web page: http://www.loandepot.com

Expected Date	2/11/2021
Status	Priced
Exchange	NYSE
Lockup Period Expiration	.Pro
Quiet Period Expiration	.Pro
Old Price Range	-

Share prices ($)

What do you think will happen with the LDI share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

The lead left underwriter: Goldman Sachs

Over the last 12 months Since the beginning of the year

IPOs led by the firm	.Pro
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IPOs led by the firm	.Pro
Profitability of conducted IPOs  ?	.Pro
1st day change  ?	.Pro
Change for the first 3 months  ?	.Pro

Underwriters
Goldman Sachs/ BofA Securities/ Credit Suisse/ Morgan Stanley/ Barclays/ Citigroup/ Jefferies/ UBS Investment Bank
CO-Managers
JMP Securities/ Nomura/ Piper Sandler/ Raymond James/ William Blair/ AmeriVet Securities