LoanDepot Q2 Revenue Jumps 18% on Home Equity Expansion

LoanDepot ’s recent expansion into home equity lending paid off in the second quarter, driving unit volume growth of 25% and revenue growth of 18% compared to the first quarter, the company said in a Tuesday (Aug. Home equity lending was “a central driver” of the company’s gains in the second quarter, and it represents “a significant expansion opportunity,” loanDepot Founder and CEO Anthony Hsieh said during a Tuesday earnings call . The home equity lending market is supported