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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUES:      
Interest income $ 133,263,000 $ 200,204,000 $ 262,478,000
Interest expense (130,145,000) (150,897,000) (218,457,000)
Net interest income 3,118,000 49,307,000 44,021,000
Gain on origination and sale of loans, net 524,521,000 748,540,000 3,213,351,000
Origination income, net 65,209,000 129,736,000 362,257,000
Servicing fee income 492,811,000 449,150,000 393,680,000
Changes in fair value of servicing rights, net (184,417,000) (194,357,000) (445,862,000)
Other income 72,780,000 73,420,000 157,257,000
Total net revenues 974,022,000 1,255,796,000 3,724,704,000
EXPENSES:      
Personnel expense 573,010,000 1,027,008,000 1,929,752,000
Marketing and advertising expense 132,880,000 236,828,000 467,590,000
Direct origination expense 67,141,000 120,854,000 193,264,000
General and administrative expense 212,732,000 265,680,000 214,965,000
Occupancy expense 23,516,000 35,306,000 38,443,000
Depreciation and amortization 41,261,000 42,195,000 35,541,000
Servicing expense 27,687,000 53,106,000 99,068,000
Other interest expense 174,103,000 124,060,000 79,564,000
Goodwill impairment 0 40,736,000 0
Total expenses 1,252,330,000 1,945,773,000 3,058,187,000
(Loss) income before income taxes (278,308,000) (689,977,000) 666,517,000
Income tax (benefit) expense (42,796,000) (79,592,000) 43,371,000
Net (loss) income (235,512,000) (610,385,000) 623,146,000
Net (loss) income attributable to noncontrolling interest (125,370,000) (337,365,000) 509,622,000
Net (loss) income attributable to loanDepot, Inc. $ (110,142,000) $ (273,020,000) $ 113,524,000
Weighted average shares outstanding:      
Basic (in shares) 174,906,063 156,030,350 129,998,894
Diluted (in shares) 174,906,063 156,030,350 129,998,894
Common Class A And D      
(Loss) earnings per share attributable to loanDepot, Inc. Class A and Class D common stockholders:      
Basic (in usd per share) $ (0.63) $ (1.75) $ 0.87
Diluted (in usd per share) $ (0.63) $ (1.75) $ 0.87