2021 Q3 Form 10-Q Financial Statement

#000183163121000145 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $923.8M $1.409B $1.369B
YoY Change -32.52% 196.32% 23.17%
Cost Of Revenue $129.2M $108.2M $229.7M
YoY Change -43.73% 27.0% 27.54%
Gross Profit $989.8M $1.301B $3.089B
YoY Change -67.96% 233.27% 231.68%
Gross Profit Margin 107.15% 92.32% 225.66%
Selling, General & Admin $640.8M $660.3M $1.346B
YoY Change -52.4% 96.69% 78.29%
% of Gross Profit 64.74% 50.75% 43.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.688M $8.600M $8.563M
YoY Change 1.46% -14.85% -68.63%
% of Gross Profit 0.88% 0.66% 0.28%
Operating Expenses $649.5M $668.9M $1.373B
YoY Change -52.71% 93.44% 75.54%
Operating Profit $340.3M $632.2M $1.716B
YoY Change -80.17% 1317.49% 1051.92%
Interest Expense $56.79M -$84.30M $29.55M
YoY Change 92.15% 177.3% -122.66%
% of Operating Profit 16.69% -13.33% 1.72%
Other Income/Expense, Net
YoY Change
Pretax Income $179.0M $548.0M $728.9M
YoY Change -75.45% 3759.15% 3841.15%
Income Tax $24.71M $800.0K $567.0K
% Of Pretax Income 13.8% 0.15% 0.08%
Net Earnings $51.48M $547.2M $0.00
YoY Change 3277.78% -100.0%
Net Earnings / Revenue 5.57% 38.83% 0.0%
Basic Earnings Per Share $0.40
Diluted Earnings Per Share $0.40 $1.792M $4.511M
COMMON SHARES
Basic Shares Outstanding 130.3M shares
Diluted Shares Outstanding 130.3M shares

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $506.6M $284.0M $638.0M
YoY Change -20.59%
Cash & Equivalents $506.6M $284.2M $707.9M
Short-Term Investments
Other Short-Term Assets $108.7M $77.00M $58.00M
YoY Change 87.45%
Inventory
Prepaid Expenses
Receivables $68.05M $138.0M $118.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $683.4M $499.0M $814.0M
YoY Change -16.05%
LONG-TERM ASSETS
Property, Plant & Equipment $103.6M $85.00M $133.0M
YoY Change -22.14%
Goodwill $40.74M $40.74M
YoY Change
Intangibles
YoY Change
Long-Term Investments $18.35M $17.53M $17.00M
YoY Change 7.96%
Other Assets $97.81M $204.0M $70.00M
YoY Change 39.72%
Total Long-Term Assets $12.07B $10.39B $7.837B
YoY Change 53.96%
TOTAL ASSETS
Total Short-Term Assets $683.4M $499.0M $814.0M
Total Long-Term Assets $12.07B $10.39B $7.837B
Total Assets $12.75B $10.89B $8.651B
YoY Change 47.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $715.6M $443.0M $376.0M
YoY Change 90.32%
Accrued Expenses $72.99M $86.00M $73.00M
YoY Change -0.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $788.6M $529.0M $449.0M
YoY Change 75.63%
LONG-TERM LIABILITIES
Long-Term Debt $9.621B $7.293B $5.326B
YoY Change 80.64%
Other Long-Term Liabilities $681.6M $1.414B $1.243B
YoY Change -45.16%
Total Long-Term Liabilities $10.30B $8.707B $6.569B
YoY Change 56.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $788.6M $529.0M $449.0M
Total Long-Term Liabilities $10.30B $8.707B $6.569B
Total Liabilities $11.09B $9.237B $7.018B
YoY Change 58.04%
SHAREHOLDERS EQUITY
Retained Earnings -$17.82M $0.00
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.84M
YoY Change
Treasury Stock Shares 1.592M shares
Shareholders Equity $535.1M $1.634B
YoY Change
Total Liabilities & Shareholders Equity $12.75B $10.89B $8.651B
YoY Change 47.37%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $51.48M $547.2M $0.00
YoY Change 3277.78% -100.0%
Depreciation, Depletion And Amortization $8.688M $8.600M $8.563M
YoY Change 1.46% -14.85% -68.63%
Cash From Operating Activities $211.4M -$1.613B -$1.128B
YoY Change -118.74% 191.03% 19.59%
INVESTING ACTIVITIES
Capital Expenditures -$13.43M -$14.30M -$9.183M
YoY Change 46.25% 429.63% -7.24%
Acquisitions
YoY Change
Other Investing Activities $156.6M -$100.0K -$733.0K
YoY Change -21457.84% -98.8% -100.45%
Cash From Investing Activities $143.1M -$14.40M -$9.916M
YoY Change -1543.35% 30.91% -106.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -386.9M 1.408B 1.233B
YoY Change -131.38% 133.39% 62.93%
NET CHANGE
Cash From Operating Activities 211.4M -1.613B -1.128B
Cash From Investing Activities 143.1M -14.40M -9.916M
Cash From Financing Activities -386.9M 1.408B 1.233B
Net Change In Cash -32.31M -219.2M 94.72M
YoY Change -134.11% -675.33% -373.75%
FREE CASH FLOW
Cash From Operating Activities $211.4M -$1.613B -$1.128B
Capital Expenditures -$13.43M -$14.30M -$9.183M
Free Cash Flow $224.9M -$1.598B -$1.119B
YoY Change -120.1% 189.86% 19.88%

Facts In Submission

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MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2020Q3 us-gaap Minority Interest
MinorityInterest
1633521000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1568834000 USD
CY2021Q3 ldi Adjustments To Additional Paid In Capital Tax Adjustments
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1717000 USD
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2597000 USD
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CY2021Q3 us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1658164000 USD
ldi Noncontrolling Interest Increase Decrease From Stock Based Compensation
NoncontrollingInterestIncreaseDecreaseFromStockBasedCompensation
7643000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
150418000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1465939000 USD
CY2020Q3 us-gaap Minority Interest
MinorityInterest
1633521000 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
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CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
160617000 USD
CY2021Q1 ldi Noncontrolling Interest Increase Decrease From Stock Based Compensation
NoncontrollingInterestIncreaseDecreaseFromStockBasedCompensation
338000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
294598000 USD
CY2021Q1 ldi Adjustments To Additional Paid In Capital Tax Adjustments
AdjustmentsToAdditionalPaidInCapitalTaxAdjustments
-201653000 USD
CY2021Q1 ldi Stock Issued During Period Value Reorganization
StockIssuedDuringPeriodValueReorganization
0 USD
ldi Stock Vested During Period Value
StockVestedDuringPeriodValue
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
64011000 USD
ldi Distributions For State Taxes
DistributionsForStateTaxes
44427000 USD
us-gaap Profit Loss
ProfitLoss
313816000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1658164000 USD
us-gaap Profit Loss
ProfitLoss
608414000 USD
us-gaap Profit Loss
ProfitLoss
1465939000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
25827000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
27122000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
16932000 USD
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
19215000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9382000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4765000 USD
ldi Gain On Origination And Sale Of Loans
GainOnOriginationAndSaleOfLoans
2856544000 USD
ldi Gain On Origination And Sale Of Loans
GainOnOriginationAndSaleOfLoans
2256438000 USD
ldi Gain Loss On Sale Of Servicing Rights
GainLossOnSaleOfServicingRights
1453000 USD
ldi Gain Loss On Sale Of Servicing Rights
GainLossOnSaleOfServicingRights
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us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
0 USD
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
0 USD
ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
ProvisionForLossObligationOnSoldLoansAndServicingRights
12400000 USD
ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
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10446000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
0 USD
ldi Fair Value Adjustment Of Derivative Assets
FairValueAdjustmentOfDerivativeAssets
312586000 USD
ldi Fair Value Adjustment Of Derivative Assets
FairValueAdjustmentOfDerivativeAssets
-587935000 USD
ldi Fair Value Adjustment Of Derivative Liabilities
FairValueAdjustmentOfDerivativeLiabilities
119270000 USD
ldi Fair Value Adjustment Of Derivative Liabilities
FairValueAdjustmentOfDerivativeLiabilities
-49455000 USD
ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
-4376000 USD
ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
2986000 USD
ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
10383000 USD
ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
0 USD
ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
67010000 USD
ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
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us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
224812000 USD
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
232598000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
64349000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7643000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
32650000 USD
ldi Origination Of Loans
OriginationOfLoans
107717154000 USD
ldi Origination Of Loans
OriginationOfLoans
63183309000 USD
ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
107911005000 USD
ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
63874371000 USD
ldi Proceeds From Principal Payments Of Loans Operating Activities
ProceedsFromPrincipalPaymentsOfLoansOperatingActivities
119822000 USD
ldi Proceeds From Principal Payments Of Loans Operating Activities
ProceedsFromPrincipalPaymentsOfLoansOperatingActivities
43307000 USD
ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
818011000 USD
ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
150274000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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8765000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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6633000 USD
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-41105000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-99754000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-2058838000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43830000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
19625000 USD
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
332931000 USD
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
6023000 USD
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
617000 USD
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
0 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1115000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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189000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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288792000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13302000 USD
us-gaap Proceeds From Lines Of Credit
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121009551000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
63014591000 USD
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us-gaap Repayments Of Lines Of Credit
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61880096000 USD
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1179037000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
169100000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
477541000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
55000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
15839000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4503000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
113000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
13268000 USD
ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
1911000 USD
ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
18025000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
12844000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
419732000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
152332000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1885770000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1021847000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
115724000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
590402000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488689000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117496000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
604413000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
707898000 USD
us-gaap Interest Paid Net
InterestPaidNet
180143000 USD
us-gaap Interest Paid Net
InterestPaidNet
128091000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1923000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
196000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8501000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13971000 USD
ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
57031000 USD
ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
168000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2468000 USD
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Management has made significant estimates in certain areas, including determining the fair value of loans held for sale, servicing rights, derivative assets and derivative liabilities, awards granted under the incentive equity plan, assets acquired and liabilities assumed in business combinations, and determining the loan loss obligation on sold loans. Actual results could differ from those estimates.</span></div>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Concentration of Risk</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has concentrated its credit risk for cash by maintaining deposits in several financial institutions, which may at times exceed amounts covered by insurance provided by the Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk related to cash.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Due to the nature of the mortgage lending industry, changes in interest rates may significantly impact revenue from originating mortgages and subsequent sales of loans to investors, which are the primary source of income for the Company. The Company originates mortgage loans on property located throughout the United States, with loans originated for property located in California totaling approximately 29% and 33% of total loan originations for the three and nine months ended September 30, 2021, respectively.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company sells mortgage loans to various third-party investors. Three investors accounted for 41%, 33%, and 14% of the Company’s loan sales for the nine months ended September 30, 2021. No other investors accounted for more than 5% of the loan sales for the three and nine months ended September 30, 2021.</span></div>The Company funds loans through warehouse lines of credit. As of September 30, 2021, 19% and 16% of the Company's warehouse lines were payable to two separate lenders.
CY2021Q3 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
4800000 USD
CY2020Q3 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
3500000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
345900000 USD
CY2021Q3 ldi Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
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-112700000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
1300000000 USD
ldi Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationsOrChangesInAssumptionsAndOthers
-223400000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
262400000 USD
CY2020Q3 ldi Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationsOrChangesInAssumptionsAndOthers
-56000000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
574800000 USD
ldi Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationsOrChangesInAssumptionsAndOthers
-235700000 USD
CY2021Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
8630065000 USD
CY2021Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
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50843000 USD
CY2021Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
8579222000 USD
CY2021Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
8537231000 USD
CY2021Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
30000 USD
CY2021Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
41961000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
7039809000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
70922000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
6968887000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
6801022000 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
0 USD
CY2020Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
167865000 USD
CY2021Q3 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
8678433000 USD
CY2020Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
6693111000 USD
CY2021Q3 ldi Loans Held For Sale Fair Value Adjustment
LoansHeldForSaleFairValueAdjustment
195303000 USD
CY2020Q4 ldi Loans Held For Sale Fair Value Adjustment
LoansHeldForSaleFairValueAdjustment
262313000 USD
CY2021Q3 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
8873736000 USD
CY2020Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
6955424000 USD
CY2021Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
9120653000 USD
CY2020Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
3303438000 USD
CY2020Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
6955424000 USD
CY2019Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
3681840000 USD
CY2021Q3 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
31902260000 USD
CY2020Q3 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
27101570000 USD
us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
107717154000 USD
us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
63183309000 USD
CY2021Q3 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
32200708000 USD
CY2020Q3 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
25598952000 USD
us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
106414376000 USD
us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
62192701000 USD
CY2021Q3 ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
138666000 USD
CY2020Q3 ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
36767000 USD
ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
802366000 USD
ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
145049000 USD
CY2021Q3 ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
53316000 USD
CY2020Q3 ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
6820000 USD
ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
119822000 USD
ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
43306000 USD
CY2021Q3 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
33819000 USD
CY2020Q3 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
-52361000 USD
ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
67010000 USD
ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
-114173000 USD
CY2021Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
8873736000 USD
CY2020Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
4888364000 USD
CY2021Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
8873736000 USD
CY2020Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
4888364000 USD
CY2021Q3 ldi Premium From Loan Sales
PremiumFromLoanSales
674782000 USD
CY2020Q3 ldi Premium From Loan Sales
PremiumFromLoanSales
968550000 USD
ldi Premium From Loan Sales
PremiumFromLoanSales
1552668000 USD
ldi Premium From Loan Sales
PremiumFromLoanSales
2125730000 USD
CY2021Q3 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
345882000 USD
CY2020Q3 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
262401000 USD
ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
1302884000 USD
ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
574768000 USD
CY2021Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
42984000 USD
CY2020Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
195383000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-139483000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
498090000 USD
CY2021Q3 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
156514000 USD
CY2020Q3 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
184861000 USD
ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-194035000 USD
ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
456969000 USD
CY2021Q3 ldi Discount Points Rebates And Lender Paid Costs
DiscountPointsRebatesAndLenderPaidCosts
49585000 USD
CY2020Q3 ldi Discount Points Rebates And Lender Paid Costs
DiscountPointsRebatesAndLenderPaidCosts
38198000 USD
ldi Discount Points Rebates And Lender Paid Costs
DiscountPointsRebatesAndLenderPaidCosts
193043000 USD
ldi Discount Points Rebates And Lender Paid Costs
DiscountPointsRebatesAndLenderPaidCosts
72031000 USD
CY2021Q3 ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
-33818000 USD
CY2020Q3 ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
52361000 USD
ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
-67010000 USD
ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
114173000 USD
CY2021Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2456000 USD
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4495000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2723000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
16621000 USD
CY2021Q3 ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
821275000 USD
CY2020Q3 ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
1251141000 USD
ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
2647328000 USD
ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
2767140000 USD
CY2021Q3 ldi Loans Held For Sale Nonaccrual
LoansHeldForSaleNonaccrual
36900000 USD
CY2020Q4 ldi Loans Held For Sale Nonaccrual
LoansHeldForSaleNonaccrual
25800000 USD
CY2021Q3 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
145305182000 USD
CY2020Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
102931258000 USD
CY2021Q3 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
145305182000 USD
CY2020Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
102931258000 USD
CY2021Q3 ldi Covid19 Percentage Of Servicing Portfolio In Forbearance
COVID19PercentageOfServicingPortfolioInForbearance
0.011
CY2020Q4 ldi Covid19 Percentage Of Servicing Portfolio In Forbearance
COVID19PercentageOfServicingPortfolioInForbearance
0.024
CY2021Q2 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1776395000 USD
CY2020Q2 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
569927000 USD
CY2020Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1124302000 USD
CY2019Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
444443000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
345882000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
262401000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
1302884000 USD
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
574768000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
182892000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
2319000 USD
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
365680000 USD
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
9620000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-3461000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-3009000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
98295000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-112059000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-99230000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-50007000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-323107000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-120539000 USD
CY2021Q3 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1836694000 USD
CY2020Q3 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
776993000 USD
CY2021Q3 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1836694000 USD
CY2020Q3 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
776993000 USD
CY2021Q3 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
4800000 USD
CY2020Q3 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
3500000 USD
CY2021Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
99640000 USD
CY2020Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
46234000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
271374000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
112917000 USD
CY2021Q3 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
2789000 USD
CY2020Q3 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
2172000 USD
ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
8364000 USD
ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
8603000 USD
CY2021Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
102429000 USD
CY2020Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
48406000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
279738000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
121520000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-3461000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-3009000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
98295000 USD
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-112059000 USD
CY2021Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-99230000 USD
CY2020Q3 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-50007000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-323107000 USD
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-120539000 USD
CY2021Q3 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-14218000 USD
CY2020Q3 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-2606000 USD
ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-8224000 USD
ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-2549000 USD
CY2021Q3 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
-21553000 USD
CY2020Q3 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
26309000 USD
ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
-94158000 USD
ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
125330000 USD
CY2021Q3 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-138462000 USD
CY2020Q3 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-29313000 USD
ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-327194000 USD
ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-109817000 USD
CY2021Q3 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
1836694000 USD
CY2020Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
1124302000 USD
CY2021Q3 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate
80001000 USD
CY2020Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate
45745000 USD
CY2021Q3 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate
153883000 USD
CY2020Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate
87800000 USD
CY2021Q3 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInCostOfServicing
18600000 USD
CY2020Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInCostOfServicing
11556000 USD
CY2021Q3 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInCostOfServicing
37284000 USD
CY2020Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInCostOfServicing
23112000 USD
CY2021Q3 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
66889000 USD
CY2020Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of10 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf10PercentAdverseChangeInPrepaymentSpeed
63351000 USD
CY2021Q3 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed
130552000 USD
CY2020Q4 us-gaap Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Impact Of20 Percent Adverse Change In Prepayment Speed
SensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrLiabilitiesImpactOf20PercentAdverseChangeInPrepaymentSpeed
122294000 USD
CY2021Q3 us-gaap Derivative Assets
DerivativeAssets
341359000 USD
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
48899000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
647939000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
168169000 USD
CY2021Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-135083000 USD
CY2020Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
36831000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-39606000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
166451000 USD
CY2021Q3 ldi Number Of Lines Of Credit Held
NumberOfLinesOfCreditHeld
15 lineOfCredit
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
1408751000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
712466000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
178985000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
728916000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
655624000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1467396000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24708000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
567000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
47210000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1457000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.138
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.072
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2021Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
56000 USD
CY2021Q3 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
202300000 USD
CY2020Q4 ldi Effective Income Tax Rate Reconciliation Federal And State Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationFederalAndStateIncomeTaxRatePercent
0.26
CY2021Q3 ldi Effective Income Tax Rate Reconciliation Federal And State Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationFederalAndStateIncomeTaxRatePercent
0.26
CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2021Q3 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
27900000 USD
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
CY2021Q3 us-gaap Minority Interest
MinorityInterest
1100000000 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
1700000000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2600000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
64300000 USD
CY2020Q3 ldi Share Based Payment Arrangement Expense Net Of Forfeitures
ShareBasedPaymentArrangementExpenseNetOfForfeitures
900000 USD
ldi Share Based Payment Arrangement Expense Net Of Forfeitures
ShareBasedPaymentArrangementExpenseNetOfForfeitures
7600000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
32100000 USD
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0030
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0030
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y8M12D
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y8M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.600
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.600
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.750
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.750
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
26988000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
51475000 USD
us-gaap Net Income Loss
NetIncomeLoss
104911000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
130297565 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127941331 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127941331 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
51475000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
104911000 USD
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
130297565 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127941331 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127941331 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
CY2021Q3 us-gaap Escrow Deposit
EscrowDeposit
336500000 USD
CY2020Q4 us-gaap Escrow Deposit
EscrowDeposit
377300000 USD
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
26626000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
25430000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
33591000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17677000 USD
CY2021Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2456000 USD
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4495000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
2723000 USD
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
16621000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2094000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2374000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
9326000 USD
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
6747000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
27551000 USD
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
26988000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
27551000 USD
CY2021Q3 ldi Tax Receivable Agreement Percent Of Cash Tax Savings Paid
TaxReceivableAgreementPercentOfCashTaxSavingsPaid
0.85
CY2021Q3 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
27900000 USD
CY2021Q3 us-gaap Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
112500000 USD

Files In Submission

Name View Source Status
ldi-20210930_pre.xml Edgar Link unprocessable
0001831631-21-000145-index-headers.html Edgar Link pending
0001831631-21-000145-index.html Edgar Link pending
0001831631-21-000145.txt Edgar Link pending
0001831631-21-000145-xbrl.zip Edgar Link pending
ex101-tiaabankloandepottwe.htm Edgar Link pending
ex103-tiaabankloandepottwe.htm Edgar Link pending
ex108-tiaabankloandepottwe.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
ldi-20210930.htm Edgar Link pending
ldi-20210930.xsd Edgar Link pending
ldi-20210930_cal.xml Edgar Link unprocessable
ldi-20210930_def.xml Edgar Link unprocessable
ldi-20210930_htm.xml Edgar Link completed
ldi-20210930_lab.xml Edgar Link unprocessable
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