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loanDepot LDI Direct origination expense

Direct origination expense at other companies

UWM Holdings logo
UWM HoldingsUWMC
$60.51M+40.3%
Velocity Financial logo
Velocity FinancialVEL
-$1.16M-38.8%
Better Home & Finance logo
Better Home & FinanceBETR
$0
Onity Group logo
Onity GroupONIT
$1.5M0.0%
Customers Bancorp logo
Customers BancorpCUBI
$3.86M-16.7%
Better Home & Finance logo
Better Home & FinanceBETR
$7.73M+209%

Other financials

Income statement

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Revenue$286.4M+4.7%
Net income-$37.5M-71.2%
EPS (diluted)-$0.16-45.5%

Balance sheet

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Cash & equivalents$277.4M-25.3%
Total debt$2.1B+4.7%
Total assets$7.2B+12.9%

Cash flow

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Operating cash flow-$169.3M+4.2%
CapEx$7.8M+15.5%
Free cash flow-$177.2M+3.5%

Valuation

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Market cap$645.42M+120%
Enterprise value$2.52B+27.5%
P/S0.5×+0.3×

Profitability

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Net margin-6.5%-0.9pp
FCF margin-74.3%+6.9pp

Where this comes from

Reported directly by loanDepot in its filing.

Tagged under the XBRL concept ldi:DirectOriginationExpense.

The official record: loanDepot’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is loanDepot's direct origination expense?
loanDepot (LDI) reported direct origination expense of $25.09M in Q1 2026.
How has loanDepot's direct origination expense changed year-over-year?
loanDepot's direct origination expense increased by 14.3% year-over-year, from $21.95M to $25.09M.
What is the long-term trend for loanDepot's direct origination expense?
Over 4 years (2021 to 2025), loanDepot's direct origination expense has grown at a -18.9% compound annual growth rate (CAGR), from $193.26M to $83.54M.
What does direct origination expense mean?
These are the variable costs directly attributable to the process of originating new loans, such as commissions, appraisal fees, and credit reporting costs. Monitoring this metric relative to origination volume allows for the assessment of operational efficiency and unit cost management. Lower direct costs per loan indicate a more scalable and efficient origination platform.