loanDepot, Inc. reported its financial results for the second quarter of 2026, revealing a total net revenue of $337.3 million, a 19.4% increase from $282.5 million in the same period last year. The company achieved a net interest income of $2.3 million, up from $1.6 million, while the gain on origination and sale of loans rose to $176.7 million, compared to $174.8 million in the prior year. However, loanDepot recorded a net loss of $6.6 million, an improvement from a loss of $25.3 million in the previous year, attributed to increased revenues and a significant reduction in losses from changes in the fair value of servicing rights.
In terms of operational metrics, loanDepot's loan originations for the second quarter reached $8.0 billion, a 18.7% increase from $6.7 billion in the same quarter of 2025. The company also reported a 26% increase in total unit volume, driven by the launch of its 5x5 HomeLoan product, which has contributed to a significant rise in home equity line of credit (HELOC) volumes. The total servicing portfolio, measured by unpaid principal balance, stood at $123.4 billion, reflecting a 5% increase from the previous year.
On the balance sheet, total assets decreased to $6.7 billion as of June 30, 2026, down from $6.9 billion at the end of 2025. This decline was primarily due to a reduction in loans held for sale, which fell by 16.5% to $2.6 billion. The company's liabilities also decreased, with total liabilities at $6.4 billion, down from $6.5 billion, largely due to a reduction in warehouse and other lines of credit. Total equity decreased by 13.7% to $333.0 million, primarily due to the net loss and treasury stock repurchases.
Strategically, loanDepot has focused on enhancing its digital capabilities, partnering with Figure Technology Solutions to integrate advanced underwriting technology into its mello platform. This initiative aims to streamline the loan approval process and improve customer experience. The company also announced plans to sell $9.7 billion of its servicing portfolio, expected to settle in the third quarter of 2026, as part of its strategy to optimize its capital structure and liquidity.
Looking ahead, loanDepot anticipates continued challenges in the mortgage market due to elevated interest rates impacting housing affordability and loan qualification. The company remains committed to aligning its cost structure with market conditions and is taking steps to enhance its operational efficiency. Despite the current market pressures, loanDepot believes its liquidity position, supported by cash reserves and available credit lines, will be sufficient to sustain its operations and growth initiatives over the next twelve months.
About loanDepot, Inc.
loanDepot, Inc. is a leading non-bank mortgage lender offering a broad suite of home loan products, including conventional, jumbo, FHA, VA, and home equity lines. The company focuses on digital-first origination, servicing, and ancillary real estate services, targeting first-time homebuyers and diverse communities. Its core value lies in simplifying homeownership through innovative technology, customer-centric strategies, and a comprehensive platform supporting origination, servicing, and related services.
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