loanDepot, Inc. (NYSE:LDI) Q4 2022 Earnings Conference Call March 8, 2023 5:00 PM ET

Company Participants

Gerhard Erdelji - SVP, IR

Frank Martell - President and CEO

Patrick Flanagan - CFO

Jeff Walsh - LDI Mortgage President

Conference Call Participants

Doug Harter - Credit Suisse

Brad Capuzzi - Piper Sandler

Kyle Joseph - Jefferies

Blake Netter - Morgan Stanley

Bob Napoli - William Blair

Operator

Good afternoon, and welcome to loanDepot's Year-end and Fourth Quarter 2022 Conference Call. [Operator Instructions].

I would now like to turn the call over to Gerhard Erdelji, Senior Vice President, Investor Relations. Please go ahead.

Gerhard Erdelji

Thank you. Good afternoon, everyone, and thank you for joining our call. I'm Gerhard Erdelji, Investor Relations Officer at loanDepot. Today, we'll discuss Loan Depot's year-end and fourth quarter 2022 results.

Before we begin, I would like to remind everyone that this conference call may include forward-looking statements regarding the company's operating and financial performance in future periods. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including, but not limited to, guidance to our pull-through weighted rate lock volume, origination volume, pull-through weighted gain on sale margin and expenses. These statements are based on the company's current expectations and available information. Actual results for future periods may differ materially from these forward-looking statements due to risks or other factors that are described in the Risk Factors section of our filings with the SEC.

A webcast and a transcript of this call will be posted on the company's Investor Relations website at investor.loandepot.com under the Events and Presentations tab.

On today's call, we have Lone Depot President and Chief Executive Officer, Frank Martell; and Chief Financial Officer, Patrick Flanagan, to provide an overview of our quarter as well as our financial and operational results, outlook and to answer your questions. We are also joined by our Chief Investment Officer, Jeff DerGurahian; and LDI Mortgage President, Jeff Walsh, to help address any questions you might have after our prepared remarks.

Please note that we will not be taking any questions regarding Anthony Hsieh's submission of a nomination notice.

And with that, I'll turn things over to Frank to get us started. Frank?

Frank Martell

Thank you, Gerhard, and thank you all for joining us today. I look forward to sharing my perspectives on market conditions, our results and our outlook.

As all of you know, 2022 was a year of dramatic volatility and extreme challenge for the mortgage and broader housing markets. Virtually no part of the housing ecosystem was left unaffected as participants in the housing market grappled with substantial and rapid increases in home and the cost of home loans. This was compounded by the cumulative impact of significant home price appreciation over the last four to five years, driven by structural supply-demand imbalances as well as the depressive impact of high inflation on available household incomes.