loanDepot
loandepot.com
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Overview
loanDepot is a retail mortgage lender built around its own origination technology. Its mello platform digitises application, documentation and closing steps. The company operates as one of the larger non-bank mortgage originators.
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Loandepot warned by NYSE for low stock price
Under NYSE rules, loanDepot has six months to bring its share price and average share price back above $1, for which it is considering a reverse stock split.
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loanDepot faces NYSE trading price non-compliance after 30 days under $1
NYSE flagged loanDepot after 30 days under $1. The lender has six months to regain compliance as earnings show improving volume and margins.
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