loanDepot, Inc. (NYSE:LDI) Q3 2024 Earnings Conference Call November 5, 2024 5:00 PM ET

Company Participants

Gerhard Erdelji - SVP, IR

Frank Martell - President and CEO

David Hayes - CFO

Jeff Walsh - President, LDI Mortgage

Jeff DerGurahian - Chief Investment Officer

Conference Call Participants

Douglas Harter - UBS

Derek Sommers - Jefferies

Operator

Good afternoon, and welcome to loanDepot's Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. [Operator Instructions].

I would now like to turn today's 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 third 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 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.

Our presentation today contains certain non-GAAP financial measures that we believe provide additional insight into analyzing and benchmarking performance and value of our business and facilitating company-to-company operating performance comparisons. For more details on these non-GAAP financial measures, including reconciliation to the most directly comparable GAAP measures, please refer to today's earnings release, which is available on our website at investors.loandepot.com. A webcast and a transcript of this call will be posted on our website after the conclusion of this call.

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.

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

Frank Martell

Thank you, Gerhard. I appreciate everyone taking the time to join us on the call today. LoanDepot returned to profitability in the third quarter through the successful implementation of our Vision 2025 strategic program. Our results were driven by higher origination volumes, margin expansion and the benefit of our process improvement and cost productivity programs.