Letter Agreement by and between the Company and Anthony Hsieh, dated March 6, 2025

This letter agreement (this “Agreement”) outlines the terms of your appointment as Executive Chairman, Mortgage Operations (“Executive Chairman”) of loanDepot, Inc., a Delaware corporation (the “Company”), and your potential appointment as interim Chief Executive Officer (“Interim CEO”) of the Company. This Agreement is effective as of March 6, 2025 (the “Effective Date”).

Commencing on the Effective Date, you will be employed by the Company as its Executive Chairman until the date of the Company’s 2025 Annual Meeting of Stockholders (or such earlier date on which the Company’s President and Chief Executive Officer’s employment with the Company terminates, the “Transition Date”). As Executive Chairman, you will report to the Board of Directors of the Company (the “Board”) and have such duties as assigned to you by the Board from time to time.

On the Transition Date, unless a permanent Chief Executive Officer of the Company has been appointed, you will be employed as Executive Chairman and Interim CEO until such time as a permanent Chief Executive Officer of the Company is appointed by the Board. The period from the Effective Date through the date a permanent Chief Executive Officer of the Company is appointed, or the date of your earlier termination of employment, is referred to herein as the “Initial Term.” Following the Initial Term, your employment as Executive Chairman and as Interim CEO of the Company will terminate and you will continue to serve as Chairman of the Board. For continuity of operations, you will continue to have access to any of your Company email accounts for one year following the Initial Term.

During the Initial Term, you will receive the following compensation and benefits:

The Company agrees to indemnify you to the maximum extent permitted by applicable law and the Company’s certificate of incorporation and bylaws for your services rendered as an officer and director of the Company in accordance with your indemnification agreement and to maintain directors’ and officers’ liability insurance policies covering you on a basis no less favorable than provided to other directors and senior executives, which indemnification and coverage shall continue as to you even if you have ceased to be a director, officer or employee of the Company with respect to acts or omissions which occurred prior to such cessation.

You agree that from and after the Effective Date, you will not, directly or indirectly, make, publish, or communicate any disparaging or defamatory comments regarding the Company or any of its current or former directors, officers, or executives. Notwithstanding the foregoing, nothing in this Agreement will prohibit or restrict you from lawfully: (i) initiating communications directly with, cooperating with, providing information to, causing information to be provided to, or otherwise assisting in an investigation by, any governmental authority regarding a possible violation of any law; (ii) responding to any inquiry or legal process directed to you from any such governmental authority; (iii) testifying, participating or otherwise assisting in any action or proceeding by any such governmental authority relating to a possible violation of law; (iv) making any other disclosures that are protected under the whistleblower provisions of any applicable law; or (v) discussing or disclosing information about unlawful acts in the workplace, such as harassment or discrimination or any other conduct that you have reason to believe is unlawful. Nothing in this Agreement requires you to obtain prior authorization before engaging in any conduct described in this paragraph, or to notify the Company that you have engaged in any such conduct.

At all times during the Initial Term, your employment will remain “at will” and may be terminated by you or the Company at any time. This Agreement may not be modified or amended except by a written agreement, approved by the Board and signed by the Company and by you. This Agreement will be governed by and construed in accordance with the laws of the State of California, without reference to principles of conflict of laws. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together will constitute one and the same Agreement.

To confirm your acceptance of the terms of this Agreement, please return a signed copy of this document.