[ad_1] Anthony Hsieh, founder and CEO of loandepot Nonbank heavyweight loanDepot reported strong results in the third quarter of 2021, with the lender growing its market share to 3.5%. Anthony Hsieh, founder and CEO of loanDepot, said that the results are “just a preview of what is to come.” According to loanDepot’s quarterly earnings report released on Monday, net income jumped to $154.3 million compared to $26.3 million in the second quarter. The growth was fueled by the lender’s gain-on-sale margins rising to 2.84% from 2.28% the previous quarter. The lender also said in their earnings report that the quarter -over-quarter increase was driven by a rise in rate lock volume and a $20 million decrease in personnel expenses. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post LoanDepot profits surge in Q3 as margins rebound appeared first on HousingWire. [ad_2] Source link