HIGHBuilt-inLoan_portfolio
54%
Agency MSRs
“10-K Item 1: 'Our servicing portfolio is comprised of 54% Agency MSRs associated with mortgage loans that conform to the guidelines set forth by GSEs, and 36% government MSRs'”
LDI · Concentration risk · 10-K extracted
loanDepot (LDI) concentration risks
Updated
The most significant concentration loanDepot discloses is Agency MSRs at 54%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: loanDepot’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
California, Texas and Florida
“10-K Item 1A: 'A substantial portion of our aggregate mortgage loan origination is secured by properties concentrated in the states of California, Texas and Florida'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06loanDepot's book carries a structural concentration in loan servicing composition: Agency MSRs make up 54% of the servicing portfolio, with government MSRs contributing another 36% — together pointing to a portfolio whose value is closely tied to agency and government mortgage program dynamics rather than diversified across servicing types. This is a high-share exposure, meaning shifts in GSE guidelines or agency program parameters could have broad, portfolio-wide effects on servicing valuations. A second, medium-share exposure is geographic: a substantial portion of loanDepot's mortgage loan originations are secured by properties concentrated in California, Texas and Florida. This is a structural feature of the origination footprint rather than a counterparty risk, tying the business to regional housing-market and property-value trends in those three states specifically. Together, the two exposures point to a business whose fortunes are linked to both agency and government mortgage policy and regional real estate conditions, with the servicing-portfolio composition being the larger of the two disclosed concentrations.
For the engine’s reasoning on LDI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Mortgage Finance
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| RKT | Rocket Companies, Inc. | 2 | 0 | 0 | 2 |
| LDI● | loanDepot, Inc. | 1 | 1 | 0 | 2 |
| UWMC | UWM Holdings Corporation | 1 | 0 | 0 | 1 |
| BETR | Better Home & Finance Holding C | 0 | 0 | 0 | 0 |
| PFSI | PennyMac Financial Services, In | 0 | 0 | 0 | 0 |
| VEL | Velocity Financial, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.