loanDepot, Inc. (NYSE:LDI) Q4 2023 Earnings Conference Call March 12, 2024 5:00 PM ET

Company Participants

Gerhard Erdelj - Senior Vice President, Investor Relations

Frank Martell - President & Chief Executive Officer

Dave Hayes - Chief Financial Officer

Jeff Walsh - LDI Mortgage President

Conference Call Participants

Doug Harter - UBS

Kyle Joseph - Jefferies

Operator

Good afternoon, and welcome to loanDepot's Fourth Quarter and Year End 2023 Earnings Call. After the speaker’s remarks, we will have a question-and-answer session. [Operator Instructions] Thank you.

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

Gerhard Erdelji

Good afternoon, everyone, and thank you for joining loadDepot's fourth quarter and year-end 2023 earnings call. 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 expense trends. 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 transcript of this call will be posted on the company's Investor Relations website at investors.loandepot.com under the Events and Presentations tab.

On today's call, we have loanDepot President and Chief Executive Officer, Frank Martell; and Chief Financial Officer, Dave Hayes 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 LDI Mortgage President, Jeff Walsh to help address any questions you might have after our prepared remarks.

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 perspective on the market and on our results. loanDepot made significant progress in 2023 substantially resetting our cost structure and making critical investments in our organization, technology platforms, as well as business processes, which we believe position us to capture the benefits of the eventual rebound in mortgage volumes.