2021 Q4 Form 10-K Financial Statement

#000183163122000073 Filed on March 18, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $877.0M $3.725B $1.409B
YoY Change -37.77% -13.62% 196.32%
Cost Of Revenue $122.4M $510.8M $108.2M
YoY Change 13.1% 51.17% 27.0%
Gross Profit $754.6M $3.878B $1.301B
YoY Change -42.0% -11.66% 233.27%
Gross Profit Margin 86.05% 104.12% 92.32%
Selling, General & Admin $593.1M $2.651B $660.3M
YoY Change -10.18% 32.09% 96.69%
% of Gross Profit 78.59% 68.35% 50.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.714M $35.00M $8.600M
YoY Change 12.95% -0.57% -14.85%
% of Gross Profit 1.29% 0.9% 0.66%
Operating Expenses $602.8M $2.686B $668.9M
YoY Change -9.88% 31.53% 93.44%
Operating Profit $151.9M $1.192B $632.2M
YoY Change -75.98% -49.23% 1317.49%
Interest Expense -$141.0M $218.5M -$84.30M
YoY Change 67.23% 66.2% 177.3%
% of Operating Profit -92.83% 18.33% -13.33%
Other Income/Expense, Net
YoY Change
Pretax Income $10.89M $666.5M $548.0M
YoY Change -98.01% -66.93% 3759.15%
Income Tax -$3.839M $43.37M $800.0K
% Of Pretax Income -35.24% 6.51% 0.15%
Net Earnings $8.613M $113.5M $547.2M
YoY Change -98.43% 3277.78%
Net Earnings / Revenue 0.98% 3.05% 38.83%
Basic Earnings Per Share $0.87
Diluted Earnings Per Share $63.25K $0.87 $1.792M
COMMON SHARES
Basic Shares Outstanding 130.0M shares
Diluted Shares Outstanding 130.0M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $419.6M $419.6M $284.0M
YoY Change 47.74% 47.74%
Cash & Equivalents $419.6M $419.6M $284.2M
Short-Term Investments
Other Short-Term Assets $140.3M $140.3M $77.00M
YoY Change 82.23% 82.23%
Inventory
Prepaid Expenses
Receivables $56.18M $56.18M $138.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $616.1M $616.1M $499.0M
YoY Change 23.46% 23.46%
LONG-TERM ASSETS
Property, Plant & Equipment $104.3M $159.9M $85.00M
YoY Change 22.66% 5.9%
Goodwill $40.74M $40.74M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $18.55M $91.43M $17.53M
YoY Change 5.85% 407.93%
Other Assets $201.0M $201.0M $204.0M
YoY Change -1.46% -1.46%
Total Long-Term Assets $11.20B $11.20B $10.39B
YoY Change 7.72% 7.72%
TOTAL ASSETS
Total Short-Term Assets $616.1M $616.1M $499.0M
Total Long-Term Assets $11.20B $11.20B $10.39B
Total Assets $11.81B $11.81B $10.89B
YoY Change 8.44% 8.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $624.4M $136.6M $443.0M
YoY Change 40.96% 46.9%
Accrued Expenses $71.93M $238.4M $86.00M
YoY Change -16.36% -36.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $29.88M $0.00
YoY Change -12.13%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $696.4M $552.4M $529.0M
YoY Change 31.64% 9.82%
LONG-TERM LIABILITIES
Long-Term Debt $9.085B $9.085B $7.293B
YoY Change 24.58% 24.58%
Other Long-Term Liabilities $401.2M $408.6M $1.414B
YoY Change -71.63% -71.65%
Total Long-Term Liabilities $9.487B $9.494B $8.707B
YoY Change 8.95% 8.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $696.4M $552.4M $529.0M
Total Long-Term Liabilities $9.487B $9.494B $8.707B
Total Liabilities $10.18B $11.29B $9.237B
YoY Change 10.25% 3.63%
SHAREHOLDERS EQUITY
Retained Earnings -$28.98M $0.00
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $12.85M
YoY Change
Treasury Stock Shares 1.593M shares
Shareholders Equity $523.6M $523.6M
YoY Change
Total Liabilities & Shareholders Equity $11.81B $11.81B $10.89B
YoY Change 8.44% 8.44%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $8.613M $113.5M $547.2M
YoY Change -98.43% 3277.78%
Depreciation, Depletion And Amortization $9.714M $35.00M $8.600M
YoY Change 12.95% -0.57% -14.85%
Cash From Operating Activities $593.2M -$1.466B -$1.613B
YoY Change -136.78% -27.82% 191.03%
INVESTING ACTIVITIES
Capital Expenditures -$10.29M $54.12M -$14.30M
YoY Change -28.01% 59.63% 429.63%
Acquisitions
YoY Change
Other Investing Activities $18.28M $350.9M -$100.0K
YoY Change -18380.0% 5559.71% -98.8%
Cash From Investing Activities $7.986M $296.8M -$14.40M
YoY Change -155.46% -1172.6% 30.91%
FINANCING ACTIVITIES
Cash Dividend Paid $463.3M
YoY Change -27.95%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -585.0M $1.301B 1.408B
YoY Change -141.55% -46.46% 133.39%
NET CHANGE
Cash From Operating Activities 593.2M -$1.466B -1.613B
Cash From Investing Activities 7.986M $296.8M -14.40M
Cash From Financing Activities -585.0M $1.301B 1.408B
Net Change In Cash 16.18M $131.9M -219.2M
YoY Change -107.38% -64.46% -675.33%
FREE CASH FLOW
Cash From Operating Activities $593.2M -$1.466B -$1.613B
Capital Expenditures -$10.29M $54.12M -$14.30M
Free Cash Flow $603.4M -$1.520B -$1.598B
YoY Change -137.76% -26.39% 189.86%

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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
12633000 USD
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2019 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2021 us-gaap Amortization Of Financing Costs
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22613000 USD
CY2020 us-gaap Amortization Of Financing Costs
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CY2019 us-gaap Amortization Of Financing Costs
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CY2021 ldi Gain On Origination And Sale Of Loans
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CY2020 ldi Gain On Origination And Sale Of Loans
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3565492000 USD
CY2019 ldi Gain On Origination And Sale Of Loans
GainOnOriginationAndSaleOfLoans
1034851000 USD
CY2021 ldi Gain Loss On Sale Of Servicing Rights
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1458000 USD
CY2020 ldi Gain Loss On Sale Of Servicing Rights
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-3108000 USD
CY2019 ldi Gain Loss On Sale Of Servicing Rights
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2718000 USD
CY2021 us-gaap Held To Maturity Securities Sold Security Realized Gain Loss
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0 USD
CY2020 us-gaap Held To Maturity Securities Sold Security Realized Gain Loss
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0 USD
CY2019 us-gaap Held To Maturity Securities Sold Security Realized Gain Loss
HeldToMaturitySecuritiesSoldSecurityRealizedGainLoss
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CY2021 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
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CY2020 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
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CY2019 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
426000 USD
CY2021 ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
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18403000 USD
CY2020 ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
ProvisionForLossObligationOnSoldLoansAndServicingRights
25565000 USD
CY2019 ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
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CY2021 us-gaap Increase Decrease In Deferred Income Taxes
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CY2020 us-gaap Increase Decrease In Deferred Income Taxes
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0 USD
CY2019 us-gaap Increase Decrease In Deferred Income Taxes
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0 USD
CY2021 ldi Fair Value Adjustment Of Derivative Assets
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460264000 USD
CY2020 ldi Fair Value Adjustment Of Derivative Assets
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-493436000 USD
CY2019 ldi Fair Value Adjustment Of Derivative Assets
FairValueAdjustmentOfDerivativeAssets
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CY2021 ldi Fair Value Adjustment Of Derivative Liabilities
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130372000 USD
CY2020 ldi Fair Value Adjustment Of Derivative Liabilities
FairValueAdjustmentOfDerivativeLiabilities
-158191000 USD
CY2019 ldi Fair Value Adjustment Of Derivative Liabilities
FairValueAdjustmentOfDerivativeLiabilities
22598000 USD
CY2021 ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
-3393000 USD
CY2020 ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
23275000 USD
CY2019 ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
-26269000 USD
CY2021 ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
10383000 USD
CY2020 ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
0 USD
CY2019 ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
0 USD
CY2021 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
104715000 USD
CY2020 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
-185885000 USD
CY2019 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
-13996000 USD
CY2021 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
353225000 USD
CY2020 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
296310000 USD
CY2019 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
136502000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
67063000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
8501000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
191000 USD
CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
32650000 USD
CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2374000 USD
CY2021 ldi Origination Of Loans
OriginationOfLoans
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CY2020 ldi Origination Of Loans
OriginationOfLoans
100535715000 USD
CY2019 ldi Origination Of Loans
OriginationOfLoans
44947450000 USD
CY2021 ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
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CY2020 ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
100163631000 USD
CY2019 ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
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CY2021 ldi Proceeds From Principal Payments Of Loans Operating Activities
ProceedsFromPrincipalPaymentsOfLoansOperatingActivities
182883000 USD
CY2020 ldi Proceeds From Principal Payments Of Loans Operating Activities
ProceedsFromPrincipalPaymentsOfLoansOperatingActivities
57120000 USD
CY2019 ldi Proceeds From Principal Payments Of Loans Operating Activities
ProceedsFromPrincipalPaymentsOfLoansOperatingActivities
109694000 USD
CY2021 ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
965933000 USD
CY2020 ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
203931000 USD
CY2019 ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
153315000 USD
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
11749000 USD
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
10450000 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
12736000 USD
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
73774000 USD
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-140620000 USD
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-32428000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1465685000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2030713000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1497380000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
54124000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
33905000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12551000 USD
CY2021 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
349528000 USD
CY2020 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
6773000 USD
CY2019 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
153491000 USD
CY2021 us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
2268000 USD
CY2020 us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
0 USD
CY2019 us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
0 USD
CY2021 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1115000 USD
CY2020 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
750000 USD
CY2019 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
221000 USD
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
213000 USD
CY2019 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
150000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
296778000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27669000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
141090000 USD
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
14692000 USD
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
154391100000 USD
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
103367680000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
44140738000 USD
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
153511330000 USD
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100256817000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
42800811000 USD
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1401782000 USD
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
927693000 USD
CY2019 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
238600000 USD
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
479778000 USD
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
800000000 USD
CY2019 us-gaap Repayments Of Debt
RepaymentsOfDebt
195740000 USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
21185000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
17675000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4238000 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
961000 USD
CY2021 ldi Proceeds From Financing Lease Transactions
ProceedsFromFinancingLeaseTransactions
0 USD
CY2020 ldi Proceeds From Financing Lease Transactions
ProceedsFromFinancingLeaseTransactions
0 USD
CY2019 ldi Proceeds From Financing Lease Transactions
ProceedsFromFinancingLeaseTransactions
7816000 USD
CY2021 ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
3610000 USD
CY2020 ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
35731000 USD
CY2019 ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
17993000 USD
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
12852000 USD
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
463313000 USD
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
643055000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
7612000 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1300814000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2429575000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1359794000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
131907000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
371193000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3504000 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
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113992000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
620596000 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
CY2021 us-gaap Interest Paid Net
InterestPaidNet
270471000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
159994000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
159749000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3329000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
447000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4036000 USD
CY2021 ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
75979000 USD
CY2020 ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
0 USD
CY2019 ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
0 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
168000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
5357000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
14190000 USD
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
CY2021 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, trading securities, awards granted under the incentive equity plan, and determining the loan loss obligation on sold loans. Actual results could differ from those estimates.</span></div>
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2021Q4 us-gaap Servicing Asset
ServicingAsset
81100000 USD
CY2020Q4 us-gaap Servicing Asset
ServicingAsset
46600000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2021 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. </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company originates mortgage loans on property located throughout the United States, with loans originated for property located in California totaling approximately 31% and 30% of total loan originations for the years ended December 31, 2021 and 2020, 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%, 32%, and 14% of the Company’s loan sales for the year ended December 31, 2021 and 41%, 31%, and 18% for the year ended December 31, 2020. No other investors accounted for more than 5% of the loan sales for the years ended December 31, 2021 and 2020.</span></div>The Company funds loans through warehouse lines of credit. As of December 31, 2021, 19% and 11% of the Company's warehouse lines were payable to two separate lenders.
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
14700000 USD
CY2020 ldi Payment For Contingent Consideration Liability From Annual Earnout
PaymentForContingentConsiderationLiabilityFromAnnualEarnout
20100000 USD
CY2021 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
1600000000 USD
CY2021 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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-351800000 USD
CY2020 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
986100000 USD
CY2020 ldi Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationsOrChangesInAssumptionsAndOthers
-299400000 USD
CY2019 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
334200000 USD
CY2019 ldi Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationsOrChangesInAssumptionsAndOthers
-133800000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
8060968000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
24139000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
8036829000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
8002795000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
1736000 USD
CY2021Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
32298000 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
CY2021Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
7979226000 USD
CY2020Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
6693111000 USD
CY2021Q4 ldi Loans Held For Sale Fair Value Adjustment
LoansHeldForSaleFairValueAdjustment
157591000 USD
CY2020Q4 ldi Loans Held For Sale Fair Value Adjustment
LoansHeldForSaleFairValueAdjustment
262313000 USD
CY2021Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
8136817000 USD
CY2020Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
6955424000 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
CY2021 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
136606028000 USD
CY2020 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
100535715000 USD
CY2021 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
136081060000 USD
CY2020 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
97584190000 USD
CY2021 ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
944023000 USD
CY2020 ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
193294000 USD
CY2021 ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
182883000 USD
CY2020 ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
57120000 USD
CY2021 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
104715000 USD
CY2020 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
-185885000 USD
CY2021Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
8136817000 USD
CY2020Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
6955424000 USD
CY2021 ldi Premium From Loan Sales
PremiumFromLoanSales
1882557000 USD
CY2020 ldi Premium From Loan Sales
PremiumFromLoanSales
3178213000 USD
CY2019 ldi Premium From Loan Sales
PremiumFromLoanSales
905257000 USD
CY2021 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
1610596000 USD
CY2020 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
986050000 USD
CY2019 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
334176000 USD
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-308200000 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
288325000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
95578000 USD
CY2021 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-347014000 USD
CY2020 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
557996000 USD
CY2019 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
160151000 USD
CY2021 ldi Discount Points Rebates And Lender Paid Costs
DiscountPointsRebatesAndLenderPaidCosts
206716000 USD
CY2020 ldi Discount Points Rebates And Lender Paid Costs
DiscountPointsRebatesAndLenderPaidCosts
148518000 USD
CY2019 ldi Discount Points Rebates And Lender Paid Costs
DiscountPointsRebatesAndLenderPaidCosts
75948000 USD
CY2021 ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
-104715000 USD
CY2020 ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
185885000 USD
CY2019 ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
13996000 USD
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
7185000 USD
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
25973000 USD
CY2019 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
8673000 USD
CY2021 ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
3213351000 USD
CY2020 ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
3905986000 USD
CY2019 ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
1104235000 USD
CY2021Q4 ldi Loans Held For Sale Nonaccrual
LoansHeldForSaleNonaccrual
28800000 USD
CY2020Q4 ldi Loans Held For Sale Nonaccrual
LoansHeldForSaleNonaccrual
25800000 USD
CY2021Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
162112965000 USD
CY2020Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
102931258000 USD
CY2021Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
162112965000 USD
CY2020Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
102931258000 USD
CY2021Q4 ldi Covid19 Percentage Of Servicing Portfolio In Forbearance
COVID19PercentageOfServicingPortfolioInForbearance
0.006
CY2020Q4 ldi Covid19 Percentage Of Servicing Portfolio In Forbearance
COVID19PercentageOfServicingPortfolioInForbearance
0.024
CY2020Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1124302000 USD
CY2019Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
444443000 USD
CY2018Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
408989000 USD
CY2021 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
1610596000 USD
CY2020 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
986050000 USD
CY2019 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
334176000 USD
CY2021 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
382271000 USD
CY2020 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
9881000 USD
CY2019 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
162220000 USD
CY2021 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
68399000 USD
CY2020 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-95764000 USD
CY2019 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-51086000 USD
CY2021 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-421624000 USD
CY2020 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-200546000 USD
CY2019 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-85416000 USD
CY2021Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1999402000 USD
CY2020Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1124302000 USD
CY2019Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
444443000 USD
CY2021 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
382501000 USD
CY2020 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
174532000 USD
CY2019 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
98325000 USD
CY2021 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
11179000 USD
CY2020 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
11363000 USD
CY2019 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
20093000 USD
CY2021 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
393680000 USD
CY2020 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
185895000 USD
CY2019 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
118418000 USD
CY2021 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
68399000 USD
CY2020 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-95764000 USD
CY2019 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-51086000 USD
CY2021 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-421624000 USD
CY2020 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-200546000 USD
CY2019 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-85416000 USD
CY2021 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-9759000 USD
CY2020 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-2701000 USD
CY2019 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-4018000 USD
CY2021 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
-82878000 USD
CY2020 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
154663000 USD
CY2019 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
42592000 USD
CY2021 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-445862000 USD
CY2020 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-144348000 USD
CY2019 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-97928000 USD
CY2021Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
1999402000 USD
CY2020Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
1124302000 USD
CY2021Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate
85066000 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
CY2021Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate
163255000 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
CY2021Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInCostOfServicing
20843000 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
CY2021Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInCostOfServicing
41727000 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
CY2021Q4 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
76532000 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
CY2021Q4 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
148556000 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
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
194665000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
37797000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
647939000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
168169000 USD
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-44064000 USD
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-115008000 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-21981000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
40700000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
40700000 USD
CY2021 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2020 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2019 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6060000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4586000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1474000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
6060000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4077000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1983000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 USD
CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P36M
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
491000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
491000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
492000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1474000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 ldi Receivables From Servicing Sales Net
ReceivablesFromServicingSalesNet
19134000 USD
CY2020Q4 ldi Receivables From Servicing Sales Net
ReceivablesFromServicingSalesNet
1063000 USD
CY2021Q4 ldi Receivable From Loan Sales
ReceivableFromLoanSales
7551000 USD
CY2020Q4 ldi Receivable From Loan Sales
ReceivableFromLoanSales
3833000 USD
CY2021Q4 ldi Loan Origination Receivable
LoanOriginationReceivable
6131000 USD
CY2020Q4 ldi Loan Origination Receivable
LoanOriginationReceivable
7113000 USD
CY2021Q4 ldi Receivables From Loan Principal And Interest
ReceivablesFromLoanPrincipalAndInterest
5835000 USD
CY2020Q4 ldi Receivables From Loan Principal And Interest
ReceivablesFromLoanPrincipalAndInterest
5158000 USD
CY2021Q4 ldi Margin Call Receivables
MarginCallReceivables
1740000 USD
CY2020Q4 ldi Margin Call Receivables
MarginCallReceivables
91920000 USD
CY2021Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
2160000 USD
CY2020Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
4195000 USD
CY2021Q4 ldi Settlement Services Receivables
SettlementServicesReceivables
6293000 USD
CY2020Q4 ldi Settlement Services Receivables
SettlementServicesReceivables
12203000 USD
CY2021Q4 ldi Servicing Fees Receivables
ServicingFeesReceivables
6527000 USD
CY2020Q4 ldi Servicing Fees Receivables
ServicingFeesReceivables
6692000 USD
CY2021Q4 us-gaap Other Receivables
OtherReceivables
812000 USD
CY2020Q4 us-gaap Other Receivables
OtherReceivables
5945000 USD
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
56183000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
138122000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
400000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1500000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
500000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
340803000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
286559000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
236541000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
201557000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
104262000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
85002000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35000000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35200000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36800000 USD
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
88822000 USD
CY2020Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
82202000 USD
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
76495000 USD
CY2020Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
65014000 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
12327000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
17188000 USD
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
11500000 USD
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
11500000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
11200000 USD
CY2021Q4 ldi Computer Software Development Expected Depreciation Year One
ComputerSoftwareDevelopmentExpectedDepreciationYearOne
7244000 USD
CY2021Q4 ldi Computer Software Development Expected Depreciation Year Two
ComputerSoftwareDevelopmentExpectedDepreciationYearTwo
4520000 USD
CY2021Q4 ldi Computer Software Development Expected Depreciation Year Three And Thereafter
ComputerSoftwareDevelopmentExpectedDepreciationYearThreeAndThereafter
563000 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
12327000 USD
CY2021Q4 ldi Number Of Lines Of Credit Held
NumberOfLinesOfCreditHeld
15 lineOfCredit
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1628208000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
712466000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
154154000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
285138000 USD
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
136619000 USD
CY2020Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
110618000 USD
CY2021Q4 ldi Loan Loss Obligation For Sold Loans
LoanLossObligationForSoldLoans
29877000 USD
CY2020Q4 ldi Loan Loss Obligation For Sold Loans
LoanLossObligationForSoldLoans
33591000 USD
CY2021Q4 ldi Accrued Pricing Adjustments On Sold Loans
AccruedPricingAdjustmentsOnSoldLoans
12336000 USD
CY2020Q4 ldi Accrued Pricing Adjustments On Sold Loans
AccruedPricingAdjustmentsOnSoldLoans
4536000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
193020000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
0 USD
CY2021Q4 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
32865000 USD
CY2020Q4 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
0 USD
CY2021Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
12821000 USD
CY2020Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
1712000 USD
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
38057000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 USD
CY2021Q4 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
7310000 USD
CY2020Q4 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
3564000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
0 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3442000 USD
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
7385000 USD
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
3769000 USD
CY2021Q4 ldi Accounts Payable Accrued Expenses And Other Liabilities
AccountsPayableAccruedExpensesAndOtherLiabilities
624444000 USD
CY2020Q4 ldi Accounts Payable Accrued Expenses And Other Liabilities
AccountsPayableAccruedExpensesAndOtherLiabilities
446370000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8936000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1745000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1809000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3120000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
581000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
40000 USD
CY2021 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
12056000 USD
CY2020 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
2326000 USD
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