loanDepot, Inc. (NYSE:LDI) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET

Company Participants

Gerhard Erdelji - Senior Vice President-Investor Relations
Frank Martell - President & Chief Executive Officer
Dave Hayes - Chief Financial Officer

Conference Call Participants

Doug Harter - UBS
Kyle Joseph - Jefferies

Operator

Good afternoon and welcome to loanDepot's First Quarter 2024 Earnings Call. After the speaker’s remarks, there will be a question-and-answer session. [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 and good afternoon everyone. Thank you for joining loanDepot's first quarter 2024 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, the impact of the cybersecurity incident that occurred in the first quarter of 2024 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 Chief Investment Officer, Jeff DerGurahian and 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, Gerard and thank you all for joining us today. I look forward to sharing my perspectives on the market and on our results. We exited 2023 with positive top line momentum and continue to make important progress towards our Vision 2025 goals including foundational investments in our people, products and technology platforms, which should serve us well as the mortgage market eventually stabilizes and recovers. The following four strategic pillars of Vision 2025, we made our North Star for enabling value creation for our shareholders.