<ul>
<li>這就是推動 Upstart Holdings 股票年初至今上漲 125% 的原因</li>
</ul>
<p>loanDepot NYSE: LDI 在 2026 年第一季度報告了更大的調整後虧損，因為銷售利潤率下降和利率波動對收入造成了壓力，儘管這家抵押貸款公司表示它繼續獲得市場份額並投資於增長計劃。</p>
<p>首席執行官安東尼·謝（Anthony Hsieh）表示，公司 “已經進行了三個季度的重建”，並專注於長期增長計劃，包括增加超過 100 名貸款專員、重新啓動其批發業務以及與 Figure Technology Solutions 的新合作伙伴關係。</p>
<p>“儘管市場環境波動，這些舉措幫助我們在本季度增加了市場份額，我認為這對我們在當前市場實現持續盈利的目標至關重要，” 謝説。</p>
<h2>調整後虧損擴大，利潤率壓縮</h2>
<p>首席財務官大衞·海斯（David Hayes）表示，loanDepot 在第一季度報告了 3400 萬美元的調整後淨虧損，而 2025 年第四季度的調整後淨虧損為 2100 萬美元。他將這一變化主要歸因於銷售利潤率的下降，部分被費用的降低所抵消。</p>
<p>調整後的總收入為 2.99 億美元，低於上一季度的 3.16 億美元。銷售鎖定量為 83 億美元，比第四季度的 73 億美元增長了 14%，在公司之前的指導範圍 77.5 億美元至 87.5 億美元之內。</p>
<p>貸款發放量為 77 億美元，較上一季度的 80 億美元下降 5%，但在公司指導範圍 67.5 億美元至 77.5 億美元的高端。海斯表示，已關閉的貸款量代表了市場份額的增加，反映了公司在增加貸款專員方面的投資。</p>
<p>公司的銷售利潤率為 271 個基點，處於其指導範圍 270 至 300 個基點的低端，低於上一季度的 324 個基點。海斯表示，下降反映了利率波動和產品組合的變化，包括較少的高利潤 FHA、VA 和 HELOC 貸款，以及更多的常規貸款。</p>
<p>“地緣政治環境在第一季度造成了利率的急劇上升，” 海斯説，並補充説，較高的利率也導致抵押貸款服務和交易證券的負公允價值標記擴大。</p>
<h2>儘管招聘，費用下降</h2>
<p>儘管公司之前預計費用會增加，但總費用比第四季度減少了 56.5 萬美元。海斯表示，下降主要是由於實施了更高效的佣金策略後佣金降低，以及市場營銷費用減少 12%。</p>
<p>謝表示，loanDepot 精簡了其營銷策略，以推動更多的鎖定量，同時降低營銷成本，提高了營銷回報。海斯表示，由於員工人數增加和季節性僱傭税的重置，薪資相關費用上升，而直接發放費用增加是因為供應商提高了信用報告成本。</p>
<p>公司在季度末現金餘額為 2.77 億美元，比第四季度減少了 6000 萬美元。海斯表示，下降反映了淨虧損、對服務權的投資以及與抵押貸款服務權擔保貸款相關的時間差異。</p>
<h2>Figure 合作伙伴關係和 5x5 HomeLoan 預計將推動產品組合變化</h2>
<p>loanDepot 強調與 Figure Technology Solutions 的合作伙伴關係是其數字戰略的關鍵部分。謝表示，公司將 Figure 的信用和貸款承保引擎集成到 loanDepot 的 mello 技術平台中，使其能夠提供新的住房貸款產品。</p>
<p>公司正在強調其 5x5 HomeLoan 產品，謝表示該產品可以在短短五分鐘內獲得批准，並在五天內完成資金髮放。他表示，該產品旨在為尋求速度和便利的借款人服務，並預計在各渠道整合時將降低生產成本。</p>
<p>海斯表示，該產品也影響了公司第二季度的指導，因為 HELOC 產品不涉及利率鎖定。因此，預計來自這些貸款的量不包括在鎖定量指導中，但包括在已關閉發放量指導中。</p>
<p>在回應美國銀行分析師米希爾·巴蒂亞（Mihir Bhatia）的問題時，海斯表示，第二季度預計的銷售利潤率的提高 “首先” 與 5x5 產品相關，該產品具有更強的銷售利潤率。他還表示，公司正在看到產品組合向 FHA、VA 和更高的房屋淨值量回歸。</p>
<h2>第二季度展望呼籲更高的發放量</h2>
<p>對於第二季度，loanDepot 預計銷售鎖定量為 57.5 億美元至 77.5 億美元，發放量為 72.5 億美元至 92.5 億美元。公司預計銷售利潤率為 330 至 360 個基點。</p>
<p>海斯表示，第二季度的總費用預計將增加，主要是由於與更高預期發放量相關的費用增加。</p>
<p>服務費收入在第一季度下降至 1.09 億美元，低於第四季度的 1.13 億美元，海斯將其主要歸因於保管餘額的利息收入降低和季度天數減少。公司的回收率從上一季度的 71% 上升至 73%。</p>
<h2>管理層重申盈利目標</h2>
<p>謝表示，公司仍然專注於無論利率變動如何都能恢復持續盈利，儘管他説利率下降將縮短時間表。他表示，loanDepot 計劃繼續投資於客户獲取、發放能力、技術和人工智能，以提高效率並降低成本。</p>
<p>針對 Citizens JMP 分析師 Mikhail Goberman 關於是否需要大幅下降的抵押貸款利率才能改善盈利的提問，謝表示公司將受益於較低的 10 年期收益率，但基於市場份額、收入增長和營銷效率的進展，仍然 “相當看好”。</p>
<p>海耶斯還回答了關於即將到期債務的問題，表示管理層和董事會正在積極參與並與銀行家討論策略。他表示公司希望在 “未來幾個月” 內達成解決方案，同時指出市場仍然動盪。</p>
<p>謝在電話會議結束時重申了四個目標：投資於增長和基礎設施，成為更高效的抵押貸款銀行，擴大盈利市場份額，並通過發放增長、服務組合擴展、更高的回收率、品牌投資和運營槓桿實現盈利。</p>
<h2>關於 loanDepot NYSE: LDI</h2>
<p>loanDepot, Inc NYSE: LDI 是一家領先的非銀行消費者貸款機構，通過數字化平台提供廣泛的住房和個人融資產品。該公司專注於發放和服務購房和再融資抵押貸款、房屋淨值信用額度（HELOCs）和個人貸款。通過其專有的 mello™技術套件，loanDepot 簡化了借款人和房地產專業人士的申請、承保和結案流程，強調速度、透明度和無縫的數字體驗。</p>
<p>loanDepot 成立於 2010 年，由 Anthony Hsieh 創辦，迅速成長為美國最大的獨立抵押貸款機構之一。</p>
<p><em>此即時新聞提醒由敍事科學技術和 MarketBeat 的金融數據生成，以便為讀者提供最快的報道和公正的覆蓋。如對本故事有任何問題或意見，請發送至 contact@marketbeat.com.</em></p>
<h2>你現在應該投資$1,000 在 loanDepot 嗎？</h2>
<p>在考慮 loanDepot 之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已識別出五隻頂級分析師悄悄向客户推薦的股票，建議在更廣泛的市場注意到之前購買……而 loanDepot 並不在名單上。</p>
<p>雖然 loanDepot 目前在分析師中被評為強烈賣出，但頂級分析師認為這五隻股票更值得購買。</p>
<p>在這裏查看這五隻股票</p>

<p>loanDepot（紐約證券交易所代碼：LDI）報告稱，2026 年第一季度調整後虧損擴大至 3400 萬美元，受到銷售利潤率下降和利率波動的影響。儘管如此，公司仍獲得了市場份額，並投資於增長計劃，包括招聘超過 100 名貸款專員以及與 Figure Technology Solutions 建立新的合作關係。調整後的總收入下降至 2.99 億美元，而貸款發放量為 77 億美元。對於第二季度，loanDepot 預計貸款發放量將增加，銷售利潤率將改善，這得益於其新的 5x5 HomeLoan 產品</p>

<ul>
<li>Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock</li>
</ul>
<div class="lb-trans"><ul>
<li>這就是推動 Upstart Holdings 股票年初至今上漲 125% 的原因</li>
</ul>
</div><p>loanDepot NYSE: LDI reported a wider adjusted loss for the first quarter of 2026 as lower gain-on-sale margins and interest rate volatility weighed on revenue, even as the mortgage lender said it continued to gain market share and invest in growth initiatives.</p>
<div class="lb-trans"><p>loanDepot NYSE: LDI 在 2026 年第一季度報告了更大的調整後虧損，因為銷售利潤率下降和利率波動對收入造成了壓力，儘管這家抵押貸款公司表示它繼續獲得市場份額並投資於增長計劃。</p>
</div><p>Chief Executive Officer Anthony Hsieh said the company is “three quarters into the rebuild” and has focused on long-term growth initiatives including the addition of more than 100 loan officers, the relaunch of its wholesale business and a new partnership with Figure Technology Solutions.</p>
<div class="lb-trans"><p>首席執行官安東尼·謝（Anthony Hsieh）表示，公司 “已經進行了三個季度的重建”，並專注於長期增長計劃，包括增加超過 100 名貸款專員、重新啓動其批發業務以及與 Figure Technology Solutions 的新合作伙伴關係。</p>
</div><p>“Despite a volatile market environment, these initiatives help us increase market share during the quarter, which I consider vital to our goal of achieving consistent profitability in the current market,” Hsieh said.</p>
<div class="lb-trans"><p>“儘管市場環境波動，這些舉措幫助我們在本季度增加了市場份額，我認為這對我們在當前市場實現持續盈利的目標至關重要，” 謝説。</p>
</div><h2>Adjusted Loss Widens as Margins Compress</h2>
<div class="lb-trans"><h2>調整後虧損擴大，利潤率壓縮</h2>
</div><p>Chief Financial Officer David Hayes said loanDepot reported an adjusted net loss of $34 million in the first quarter, compared with an adjusted net loss of $21 million in the fourth quarter of 2025. He attributed the change primarily to a lower pull-through weighted gain-on-sale margin, partially offset by lower expenses.</p>
<div class="lb-trans"><p>首席財務官大衞·海斯（David Hayes）表示，loanDepot 在第一季度報告了 3400 萬美元的調整後淨虧損，而 2025 年第四季度的調整後淨虧損為 2100 萬美元。他將這一變化主要歸因於銷售利潤率的下降，部分被費用的降低所抵消。</p>
</div><p>Adjusted total revenue was $299 million, down from $316 million in the prior quarter. Pull-through weighted rate lock volume was $8.3 billion, up 14% from $7.3 billion in the fourth quarter and within the company’s prior guidance range of $7.75 billion to $8.75 billion.</p>
<div class="lb-trans"><p>調整後的總收入為 2.99 億美元，低於上一季度的 3.16 億美元。銷售鎖定量為 83 億美元，比第四季度的 73 億美元增長了 14%，在公司之前的指導範圍 77.5 億美元至 87.5 億美元之內。</p>
</div><p>Loan origination volume was $7.7 billion, down 5% from $8 billion in the prior quarter, but at the high end of the company’s guidance range of $6.75 billion to $7.75 billion. Hayes said closed loan volume represented a market share increase, reflecting the company’s investment in adding loan officers.</p>
<div class="lb-trans"><p>貸款發放量為 77 億美元，較上一季度的 80 億美元下降 5%，但在公司指導範圍 67.5 億美元至 77.5 億美元的高端。海斯表示，已關閉的貸款量代表了市場份額的增加，反映了公司在增加貸款專員方面的投資。</p>
</div><p>The company’s pull-through weighted gain-on-sale margin was 271 basis points, at the low end of its guidance range of 270 to 300 basis points and down from 324 basis points in the prior quarter. Hayes said the decline reflected interest rate volatility and a shift in product mix, including fewer higher-margin FHA, VA and HELOC loans and more conventional loans.</p>
<div class="lb-trans"><p>公司的銷售利潤率為 271 個基點，處於其指導範圍 270 至 300 個基點的低端，低於上一季度的 324 個基點。海斯表示，下降反映了利率波動和產品組合的變化，包括較少的高利潤 FHA、VA 和 HELOC 貸款，以及更多的常規貸款。</p>
</div><p>“The geopolitical environment created a sharp increase in interest rates during the first quarter,” Hayes said, adding that higher rates also generated wider negative fair value marks on mortgage servicing and trading securities.</p>
<div class="lb-trans"><p>“地緣政治環境在第一季度造成了利率的急劇上升，” 海斯説，並補充説，較高的利率也導致抵押貸款服務和交易證券的負公允價值標記擴大。</p>
</div><h2>Expenses Decline Despite Hiring</h2>
<div class="lb-trans"><h2>儘管招聘，費用下降</h2>
</div><p>Total expenses decreased by $565,000 from the fourth quarter, despite the company’s previous guidance for higher expenses. Hayes said the decline was driven by lower commissions following the implementation of more efficient commission strategies and a 12% reduction in marketing expenses.</p>
<div class="lb-trans"><p>儘管公司之前預計費用會增加，但總費用比第四季度減少了 56.5 萬美元。海斯表示，下降主要是由於實施了更高效的佣金策略後佣金降低，以及市場營銷費用減少 12%。</p>
</div><p>Hsieh said loanDepot sharpened its marketing strategy to drive more lock volume while reducing marketing costs, increasing its return on marketing. Hayes said salary-related expenses rose because of higher headcount and seasonal employment tax resets, while direct origination expenses increased as vendors raised credit reporting costs.</p>
<div class="lb-trans"><p>謝表示，loanDepot 精簡了其營銷策略，以推動更多的鎖定量，同時降低營銷成本，提高了營銷回報。海斯表示，由於員工人數增加和季節性僱傭税的重置，薪資相關費用上升，而直接發放費用增加是因為供應商提高了信用報告成本。</p>
</div><p>The company ended the quarter with $277 million in cash, down $60 million from the fourth quarter. Hayes said the decline reflected the net loss, investment in servicing rights and timing differences related to mortgage servicing rights secured loans.</p>
<div class="lb-trans"><p>公司在季度末現金餘額為 2.77 億美元，比第四季度減少了 6000 萬美元。海斯表示，下降反映了淨虧損、對服務權的投資以及與抵押貸款服務權擔保貸款相關的時間差異。</p>
</div><h2>Figure Partnership and 5x5 HomeLoan Expected to Drive Mix Shift</h2>
<div class="lb-trans"><h2>Figure 合作伙伴關係和 5x5 HomeLoan 預計將推動產品組合變化</h2>
</div><p>loanDepot highlighted its partnership with Figure Technology Solutions as a key part of its digital strategy. Hsieh said the company integrated Figure’s credit and loan underwriting engine into loanDepot’s mello technology platform, allowing it to offer new home loan products.</p>
<div class="lb-trans"><p>loanDepot 強調與 Figure Technology Solutions 的合作伙伴關係是其數字戰略的關鍵部分。謝表示，公司將 Figure 的信用和貸款承保引擎集成到 loanDepot 的 mello 技術平台中，使其能夠提供新的住房貸款產品。</p>
</div><p>The company is emphasizing its 5x5 HomeLoan product, which Hsieh said can deliver approval in as little as five minutes and funding in as few as five days. He said the product is designed to serve borrowers seeking speed and convenience and is expected to reduce production costs as it is integrated across channels.</p>
<div class="lb-trans"><p>公司正在強調其 5x5 HomeLoan 產品，謝表示該產品可以在短短五分鐘內獲得批准，並在五天內完成資金髮放。他表示，該產品旨在為尋求速度和便利的借款人服務，並預計在各渠道整合時將降低生產成本。</p>
</div><p>Hayes said the product is also affecting the company’s second-quarter guidance because HELOC products do not involve an interest rate lock. As a result, expected volume from those loans is not included in lock volume guidance but is included in closed origination volume guidance.</p>
<div class="lb-trans"><p>海斯表示，該產品也影響了公司第二季度的指導，因為 HELOC 產品不涉及利率鎖定。因此，預計來自這些貸款的量不包括在鎖定量指導中，但包括在已關閉發放量指導中。</p>
</div><p>In response to a question from Bank of America analyst Mihir Bhatia, Hayes said the expected increase in gain-on-sale margin in the second quarter is “first and foremost” tied to the 5x5 product, which carries a stronger gain-on-sale margin. He also said the company is seeing product mix shift back toward FHA, VA and higher home equity volumes.</p>
<div class="lb-trans"><p>在回應美國銀行分析師米希爾·巴蒂亞（Mihir Bhatia）的問題時，海斯表示，第二季度預計的銷售利潤率的提高 “首先” 與 5x5 產品相關，該產品具有更強的銷售利潤率。他還表示，公司正在看到產品組合向 FHA、VA 和更高的房屋淨值量回歸。</p>
</div><h2>Second-Quarter Outlook Calls for Higher Originations</h2>
<div class="lb-trans"><h2>第二季度展望呼籲更高的發放量</h2>
</div><p>For the second quarter, loanDepot expects pull-through weighted lock volume of $5.75 billion to $7.75 billion and origination volume of $7.25 billion to $9.25 billion. The company expects pull-through weighted gain-on-sale margin of 330 to 360 basis points.</p>
<div class="lb-trans"><p>對於第二季度，loanDepot 預計銷售鎖定量為 57.5 億美元至 77.5 億美元，發放量為 72.5 億美元至 92.5 億美元。公司預計銷售利潤率為 330 至 360 個基點。</p>
</div><p>Hayes said total expenses are expected to increase in the second quarter, primarily because of higher volume-related costs tied to higher expected originations.</p>
<div class="lb-trans"><p>海斯表示，第二季度的總費用預計將增加，主要是由於與更高預期發放量相關的費用增加。</p>
</div><p>Servicing fee income declined to $109 million in the first quarter from $113 million in the fourth quarter, which Hayes attributed mainly to lower interest earnings from custodial balances and fewer days in the quarter. The company’s recapture rate rose to 73% from 71% in the prior quarter.</p>
<div class="lb-trans"><p>服務費收入在第一季度下降至 1.09 億美元，低於第四季度的 1.13 億美元，海斯將其主要歸因於保管餘額的利息收入降低和季度天數減少。公司的回收率從上一季度的 71% 上升至 73%。</p>
</div><h2>Management Reiterates Profitability Goal</h2>
<div class="lb-trans"><h2>管理層重申盈利目標</h2>
</div><p>Hsieh said the company remains focused on returning to consistent profitability regardless of rate movements, though he said falling rates would shorten the timeline. He said loanDepot plans to continue investing in customer acquisition, origination capacity, technology and artificial intelligence to improve efficiency and lower costs.</p>
<div class="lb-trans"><p>謝表示，公司仍然專注於無論利率變動如何都能恢復持續盈利，儘管他説利率下降將縮短時間表。他表示，loanDepot 計劃繼續投資於客户獲取、發放能力、技術和人工智能，以提高效率並降低成本。</p>
</div><p>In response to a question from Citizens JMP analyst Mikhail Goberman about whether a substantial decline in mortgage rates is needed for earnings to improve, Hsieh said the company would benefit from a lower 10-year yield but remains “quite bullish” based on progress in market share, top-line growth and marketing efficiency.</p>
<div class="lb-trans"><p>針對 Citizens JMP 分析師 Mikhail Goberman 關於是否需要大幅下降的抵押貸款利率才能改善盈利的提問，謝表示公司將受益於較低的 10 年期收益率，但基於市場份額、收入增長和營銷效率的進展，仍然 “相當看好”。</p>
</div><p>Hayes also addressed a question about upcoming debt maturities, saying management and the board are actively engaged and discussing strategies with bankers. He said the company hopes to have a resolution “in the coming months,” while noting that markets remain turbulent.</p>
<div class="lb-trans"><p>海耶斯還回答了關於即將到期債務的問題，表示管理層和董事會正在積極參與並與銀行家討論策略。他表示公司希望在 “未來幾個月” 內達成解決方案，同時指出市場仍然動盪。</p>
</div><p>Hsieh closed the call by reiterating four objectives: investing in growth and infrastructure, becoming a more efficient mortgage banker, growing profitable market share and returning to profitability through origination growth, servicing portfolio expansion, higher recapture rates, brand investment and operating leverage.</p>
<div class="lb-trans"><p>謝在電話會議結束時重申了四個目標：投資於增長和基礎設施，成為更高效的抵押貸款銀行，擴大盈利市場份額，並通過發放增長、服務組合擴展、更高的回收率、品牌投資和運營槓桿實現盈利。</p>
</div><h2>About loanDepot NYSE: LDI</h2>
<div class="lb-trans"><h2>關於 loanDepot NYSE: LDI</h2>
</div><p>loanDepot, Inc NYSE: LDI is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.</p>
<div class="lb-trans"><p>loanDepot, Inc NYSE: LDI 是一家領先的非銀行消費者貸款機構，通過數字化平台提供廣泛的住房和個人融資產品。該公司專注於發放和服務購房和再融資抵押貸款、房屋淨值信用額度（HELOCs）和個人貸款。通過其專有的 mello™技術套件，loanDepot 簡化了借款人和房地產專業人士的申請、承保和結案流程，強調速度、透明度和無縫的數字體驗。</p>
</div><p>Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.</p>
<div class="lb-trans"><p>loanDepot 成立於 2010 年，由 Anthony Hsieh 創辦，迅速成長為美國最大的獨立抵押貸款機構之一。</p>
</div><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即時新聞提醒由敍事科學技術和 MarketBeat 的金融數據生成，以便為讀者提供最快的報道和公正的覆蓋。如對本故事有任何問題或意見，請發送至 contact@marketbeat.com.</em></p>
</div><h2>Should You Invest $1,000 in loanDepot Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資$1,000 在 loanDepot 嗎？</h2>
</div><p>Before you consider loanDepot, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮 loanDepot 之前，你需要聽聽這個。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and loanDepot wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已識別出五隻頂級分析師悄悄向客户推薦的股票，建議在更廣泛的市場注意到之前購買……而 loanDepot 並不在名單上。</p>
</div><p>While loanDepot currently has a Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>雖然 loanDepot 目前在分析師中被評為強烈賣出，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在這裏查看這五隻股票</p>
</div>

loanDepot 第一季度財報電話會議亮點