Understanding Today’s Connected Borrower

Sign up for this webinar to learn how to transform the borrower journey from transaction to relationship and gain a significant lift in production in today’s digital lending environment.

RealTrending: eXp’s Glenn Sanford reveals what’s next for company

CEO of eXp World holdings addresses his critics about his agent referral program, where he is taking the company next and growth limiters for the brokerage.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

Should lenders look to non-QM when the refi boom slows?

Angel Oak shared with HW how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown.

Mortgage

Attempt two: loanDepot reconsiders filing for IPO?

Withdrew first IPO consideration back in 2015

A little more than a year after it withdrew its Initial Public Offering, loanDepot is reported to once again be exploring the possibility of reviving a stock offering, according to an article in Bloomberg by Matt Scully.  

When loanDepot announced that it canceled its IPO, loanDepot Chairman and CEO Anthony Hsieh said, “While an IPO continues to be an option, perhaps one day in the future, it’s not a necessity.”

From the article:

The planning is in the early stages and the company isn’t ready to lay out a time frame for any IPO filing, said the person, who asked not to be identified because the talks are private.

Julie Reynolds, a spokeswoman for Foothill Ranch, California-based LoanDepot, declined to comment on an IPO plan.

At the time, loanDepot said it withdrew its IPO due to adverse "market conditions."

In the blog on the cancellation, Hsieh commented on the recent volatility in the stock market with other companies that have gone public this year, such as Lending Club and OnDeck, which both went public within the same year it would have and are already trading down.

While loanDepot announced it canceled its IPO in 2015, it did not officially request that the Securities and Exchange Commission withdraw its IPO until September 2016.

According to the SEC filing, “The company has determined not to pursue a public offering of the securities covered by the Registration Statement at this time.”

In the meantime, loanDepot has kept busy. The nonbank announced at the start of this year that it reached $100 billion in funding home, personal and home equity loans.

And earlier this month, it revealed its end-to-end proprietary digital lending platform after 18 months of labor. The announcement was part of a larger $80 million investment in technology.  

Most Popular Articles

Here it is: A bill to help first-time homebuyers

The newest iteration of a first-time homebuyer tax credit has several significant restrictions. And it’s not a tax credit.

Apr 15, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please