Mortgage lender loanDepot drops as Q4 loss widens, revenue misses estimates

Mortgage lender loanDepot's LDI.N shares fall 10.6% to $1.44 premarket

Co reported a Q4 loss of $67.5 million after market on Tuesday, compared with $59.8 million a year earlier

LDI says loss primarily widened due to higher volume related expenses in Q3 amid lower market rates

"Given the refinance flurry, which occurred throughout September/October, there were some timing differentials in recognizing revs. vs expenses," analysts at Jefferies write in a note

On an adjusted basis, LDI posted Q4 revenues of $266.6 million, missing estimates of $310.1 million, according to data compiled by LSEG

As of last close, stock down ~21% YTD