Sportradar Group AG

Good afternoon and welcome to Loan Depot's first quarter 2025 earnings call. All participants are in a listen-only mode. After the speaker's remarks, we'll conduct a question and answer session. To ask a question, you'll need to press star followed by the number one on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to Gerhard Erdely, Senior Vice President, Investor Relations. Please go ahead.

Thank you, and good afternoon, everyone. Thank you for joining our first quarter 2025 earnings call. Before we begin, I would like to remind everyone that this conference call may include forward-looking statements regarding the company's operating and financial performance in future periods. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to guidance to our pull-through weighted rate lock volume, origination volume, pull-through weighted gain on sale margin, strategies, capabilities, and financial performance. These statements are based on the company's current expectations and available information. Actual results for future periods may differ materially from these forward-looking statements due to risks or other factors that are described in the risk factors section of our filings with the SEC. Our presentation today contains certain non-GAAP financial measures that we believe provide additional insight into analyzing and benchmarking the performance and value of our business and facilitating company-to-company operating performance comparisons. For more details on these non-GAAP financial measures, including reconciliation to the most directly comparable GAAP measures, please refer to today's earnings release, which is available on our website at investors.loandepot.com. A webcast and transcript of this call will be posted on our website after the conclusion of this call. On today's call, we have Loan Depot's founder and executive chairman, Anthony Shea, President and Chief Executive Officer Frank Martell, and Chief Financial Officer David Hayes. They will provide an overview of our quarter as well as our financial and operational results and outlook. We are also joined by Chief Investment Officer Jeff DeGurion and LDI Mortgage President Jeff Walsh to help answer your questions after our prepared remarks. And with that, I'll turn things over to Frank to get us started. Frank?

Thank you, Gerhard. I appreciate everyone joining us on the call today. As we announced in early March, I plan to step down from my role as CEO and member of the board at our annual meeting of stockholders on June the 4th. For the next month, I will remain active in my role and fully support our founder, Anthony Shea, in his transition back to day-to-day leadership of the company and as he ultimately becomes our interim CEO. Since this is my last earnings call with the company, I would like to share a few heartfelt messages, starting with, the fact that I'm very proud to have been part of Loan Depot and look forward with confidence to the company's future success. I would also like to sincerely thank Team Loan Depot for their dedication and support over the past three years. As a team, we address the realities of the market while investing in our critical systems, products, and processes that will allow Loan Depot to take advantage of our market differentiators in this and upcoming cycles, as well as allow us to continue to deliver a best-in-class customer experience, which is the core to Sloan Depot's service-based DNA. Before I turn the call over to Anthony, I'm pleased to share that Q1 was a quarter of positive momentum for the company, with higher volume margins, and ongoing cost discipline, which drove significantly improved results, which David Hayes will elaborate more in detail later in the call. As I close, in the spirit of expressing my gratitude, I'd like to thank our investor community and all those who participated in our quarterly falls. I appreciate your engagement, support, and the time you spent evaluating Loan Depot. With that, Anthony, the floor is yours.