2022 Q2 Form 10-Q Financial Statement

#000183163122000229 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q4 2021 Q2
Revenue $308.6M $877.0M $779.9M
YoY Change -60.43% -37.77% -32.69%
Cost Of Revenue $84.66M $122.4M $132.1M
YoY Change -35.92% 13.1% 85.37%
Gross Profit $297.4M $754.6M $847.8M
YoY Change -64.92% -42.0% -26.1%
Gross Profit Margin 96.36% 86.05% 108.7%
Selling, General & Admin $430.7M $593.1M $642.2M
YoY Change -32.93% -10.18% 44.41%
% of Gross Profit 144.82% 78.59% 75.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.32M $9.714M $8.639M
YoY Change 31.06% 12.95% -53.4%
% of Gross Profit 3.81% 1.29% 1.02%
Operating Expenses $442.0M $602.8M $650.9M
YoY Change -32.09% -9.88% 43.41%
Operating Profit -$144.6M $151.9M $196.9M
YoY Change -173.47% -75.98% -71.6%
Interest Expense $39.92M -$141.0M $54.85M
YoY Change -27.21% 67.23% 106.79%
% of Operating Profit -92.83% 27.86%
Other Income/Expense, Net
YoY Change
Pretax Income -$252.0M $10.89M $30.51M
YoY Change -926.04% -98.01% -95.3%
Income Tax -$28.20M -$3.839M $4.225M
% Of Pretax Income -35.24% 13.85%
Net Earnings -$100.9M $8.613M $8.561M
YoY Change -1278.93% -98.43%
Net Earnings / Revenue -32.7% 0.98% 1.1%
Basic Earnings Per Share -$0.66 $0.07
Diluted Earnings Per Share -$0.66 $63.25K $0.07
COMMON SHARES
Basic Shares Outstanding 153.8M shares 126.7M shares
Diluted Shares Outstanding 153.8M shares 126.7M shares

Balance Sheet

Concept 2022 Q2 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $954.9M $419.6M $419.3M
YoY Change 127.75% 47.74%
Cash & Equivalents $954.9M $419.6M $419.3M
Short-Term Investments
Other Short-Term Assets $140.1M $140.3M $94.81M
YoY Change 47.81% 82.23%
Inventory
Prepaid Expenses
Receivables $91.77M $56.18M $65.19M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.187B $616.1M $579.3M
YoY Change 104.88% 23.46%
LONG-TERM ASSETS
Property, Plant & Equipment $111.4M $104.3M $98.69M
YoY Change 12.93% 22.66%
Goodwill $0.00 $40.74M $40.74M
YoY Change -100.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $18.41M $18.55M $18.40M
YoY Change 0.05% 5.85%
Other Assets $194.6M $201.0M $217.4M
YoY Change -10.48% -1.46%
Total Long-Term Assets $8.008B $11.20B $12.52B
YoY Change -36.03% 7.72%
TOTAL ASSETS
Total Short-Term Assets $1.187B $616.1M $579.3M
Total Long-Term Assets $8.008B $11.20B $12.52B
Total Assets $9.195B $11.81B $13.10B
YoY Change -29.8% 8.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $643.1M $624.4M $607.8M
YoY Change 5.82% 40.96%
Accrued Expenses $66.49M $71.93M $78.13M
YoY Change -14.91% -16.36%
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 $709.6M $696.4M $685.9M
YoY Change 3.46% 31.64%
LONG-TERM LIABILITIES
Long-Term Debt $6.692B $9.085B $9.972B
YoY Change -32.89% 24.58%
Other Long-Term Liabilities $579.2M $401.2M $871.2M
YoY Change -33.52% -71.63%
Total Long-Term Liabilities $7.272B $9.487B $10.84B
YoY Change -32.94% 8.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $709.6M $696.4M $685.9M
Total Long-Term Liabilities $7.272B $9.487B $10.84B
Total Liabilities $7.981B $10.18B $11.53B
YoY Change -30.77% 10.25%
SHAREHOLDERS EQUITY
Retained Earnings -$205.2M -$28.98M -$44.82M
YoY Change 357.9%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.09M $12.85M
YoY Change
Treasury Stock Shares 1.664M shares 1.593M shares
Shareholders Equity $544.6M $523.6M $518.1M
YoY Change
Total Liabilities & Shareholders Equity $9.195B $11.81B $13.10B
YoY Change -29.8% 8.44%

Cashflow Statement

Concept 2022 Q2 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income -$100.9M $8.613M $8.561M
YoY Change -1278.93% -98.43%
Depreciation, Depletion And Amortization $11.32M $9.714M $8.639M
YoY Change 31.06% 12.95% -53.4%
Cash From Operating Activities $1.522B $593.2M -$392.5M
YoY Change -487.92% -136.78% -155.28%
INVESTING ACTIVITIES
Capital Expenditures -$14.55M -$10.29M -$16.20M
YoY Change -10.19% -28.01% 55.52%
Acquisitions
YoY Change
Other Investing Activities $86.41M $18.28M $175.3M
YoY Change -50.7% -18380.0% 2392.09%
Cash From Investing Activities $71.86M $7.986M $159.0M
YoY Change -54.8% -155.46% -4797.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.153B -585.0M 118.3M
YoY Change -1074.04% -141.55% -156.09%
NET CHANGE
Cash From Operating Activities 1.522B 593.2M -392.5M
Cash From Investing Activities 71.86M 7.986M 159.0M
Cash From Financing Activities -1.153B -585.0M 118.3M
Net Change In Cash 441.7M 16.18M -115.2M
YoY Change -483.55% -107.38% -123.23%
FREE CASH FLOW
Cash From Operating Activities $1.522B $593.2M -$392.5M
Capital Expenditures -$14.55M -$10.29M -$16.20M
Free Cash Flow $1.537B $603.4M -$376.3M
YoY Change -508.49% -137.76% -152.23%

Facts In Submission

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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-100928000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
8561000 usd
us-gaap Net Income Loss
NetIncomeLoss
-135669000 usd
us-gaap Net Income Loss
NetIncomeLoss
53436000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.66
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.93
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.66
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153822380 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126726876 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146415135 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126392949 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153822380 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126726876 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146415135 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146415135 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146415135 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126392949 shares
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1773958000 usd
CY2021Q2 ldi Adjustments To Additional Paid In Capital Tax Adjustments
AdjustmentsToAdditionalPaidInCapitalTaxAdjustments
370000 usd
CY2021Q2 ldi Stock Vested During Period Value
StockVestedDuringPeriodValue
0 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1935000 usd
CY2021Q2 ldi Distributions For State Taxes
DistributionsForStateTaxes
7848000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
26284000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1568834000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1511169000 usd
CY2022Q2 ldi Adjustments To Additional Paid In Capital Tax Adjustments
AdjustmentsToAdditionalPaidInCapitalTaxAdjustments
-18426000 usd
CY2022Q2 ldi Stock Vested During Period Value
StockVestedDuringPeriodValue
-72000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4711000 usd
CY2022Q2 ldi Distributions For State Taxes
DistributionsForStateTaxes
59779000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-223822000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1213863000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1656613000 usd
CY2021Q1 ldi Distributions For State Taxes
DistributionsForStateTaxes
160617000 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
294598000 usd
CY2021Q1 ldi Adjustments To Additional Paid In Capital Tax Adjustments
AdjustmentsToAdditionalPaidInCapitalTaxAdjustments
-203370000 usd
CY2021Q1 ldi Stock Issued During Period Value Reorganization
StockIssuedDuringPeriodValueReorganization
0 usd
ldi Stock Vested During Period Value
StockVestedDuringPeriodValue
0 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
61414000 usd
ldi Distributions For State Taxes
DistributionsForStateTaxes
13816000 usd
us-gaap Profit Loss
ProfitLoss
159539000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1568834000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1629360000 usd
ldi Adjustments To Additional Paid In Capital Tax Adjustments
AdjustmentsToAdditionalPaidInCapitalTaxAdjustments
-17744000 usd
ldi Stock Vested During Period Value
StockVestedDuringPeriodValue
-235000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7021000 usd
ldi Distributions For State Taxes
DistributionsForStateTaxes
63725000 usd
us-gaap Profit Loss
ProfitLoss
-315141000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1213863000 usd
us-gaap Profit Loss
ProfitLoss
-315141000 usd
us-gaap Profit Loss
ProfitLoss
454137000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
21867000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
17139000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
11272000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
11594000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
8067000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
6744000 usd
ldi Gain On Origination And Sale Of Loans
GainOnOriginationAndSaleOfLoans
809990000 usd
ldi Gain On Origination And Sale Of Loans
GainOnOriginationAndSaleOfLoans
2041979000 usd
ldi Gain Loss On Sale Of Servicing Rights
GainLossOnSaleOfServicingRights
20041000 usd
ldi Gain Loss On Sale Of Servicing Rights
GainLossOnSaleOfServicingRights
11478000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-13883000 usd
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
0 usd
ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
ProvisionForLossObligationOnSoldLoansAndServicingRights
108120000 usd
ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
ProvisionForLossObligationOnSoldLoansAndServicingRights
5752000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
39643000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-202871000 usd
ldi Fair Value Adjustment Gain Loss Of Derivative Assets
FairValueAdjustmentGainLossOfDerivativeAssets
-191682000 usd
ldi Fair Value Adjustment Gain Loss Of Derivative Assets
FairValueAdjustmentGainLossOfDerivativeAssets
-303639000 usd
ldi Fair Value Adjustment Of Derivative Liabilities Gain Loss
FairValueAdjustmentOfDerivativeLiabilitiesGainLoss
-34961000 usd
ldi Fair Value Adjustment Of Derivative Liabilities Gain Loss
FairValueAdjustmentOfDerivativeLiabilitiesGainLoss
109364000 usd
ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
-150624000 usd
ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
5061000 usd
ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
0 usd
ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
10383000 usd
ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
174519000 usd
ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
33191000 usd
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
-154290000 usd
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
122120000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7021000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
61752000 usd
ldi Origination Of Loans
OriginationOfLoans
37142855000 usd
ldi Origination Of Loans
OriginationOfLoans
75814894000 usd
ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
40992588000 usd
ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
75281888000 usd
ldi Proceeds From Principal Payments Of Loans Operating Activities
ProceedsFromPrincipalPaymentsOfLoansOperatingActivities
100885000 usd
ldi Proceeds From Principal Payments Of Loans Operating Activities
ProceedsFromPrincipalPaymentsOfLoansOperatingActivities
66506000 usd
ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
376387000 usd
ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
671166000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10528000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
40736000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4565000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5790000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
19739000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
189193000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2670928000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2270273000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28844000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30400000 usd
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
387968000 usd
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
176995000 usd
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
4109000 usd
us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
0 usd
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
350000 usd
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1115000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
189000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
362883000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
145669000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
42522401000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
85132551000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
45714257000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
83211614000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2099247000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1044221000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
1290746000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
276947000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4135000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
13913000 usd
ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
0 usd
ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
1367000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
235000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
117107000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
400298000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2504832000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2272633000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
528979000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
148029000 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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1149575000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
636718000 usd
us-gaap Interest Paid Net
InterestPaidNet
120060000 usd
us-gaap Interest Paid Net
InterestPaidNet
126497000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24223000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7628000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8656000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5285000 usd
ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
50426000 usd
ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
16757000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
168000 usd
CY2021Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
8787756000 usd
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, trading securities, awards granted under the incentive equity plan, determining the loan loss obligation on sold loans and MSRs, and goodwill impairment. 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 23% of total loan originations for the six months ended June 30, 2022.</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 32%, 27%, and 19% of the Company’s loan sales for the six months ended June 30, 2022. No other investors accounted for more than 5% of the loan sales for the six months ended June 30, 2022.</span></div>The Company funds loans through warehouse and other lines of credit. As of June 30, 2022, 14% and 15% of the Company's warehouse lines were payable to two separate lenders.
CY2022Q2 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
180500000 usd
CY2022Q2 ldi Servicing Asset At Fair Value Gain Loss In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
ServicingAssetAtFairValueGainLossInFairValueResultingFromChangesInValuationsOrChangesInAssumptionsAndOthers
32300000 usd
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
450200000 usd
ldi Servicing Asset At Fair Value Gain Loss In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
ServicingAssetAtFairValueGainLossInFairValueResultingFromChangesInValuationsOrChangesInAssumptionsAndOthers
174300000 usd
CY2021Q2 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
427500000 usd
CY2021Q2 ldi Servicing Asset At Fair Value Gain Loss In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
ServicingAssetAtFairValueGainLossInFairValueResultingFromChangesInValuationsOrChangesInAssumptionsAndOthers
-223500000 usd
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
957000000 usd
ldi Servicing Asset At Fair Value Gain Loss In Fair Value Resulting From Changes In Valuations Or Changes In Assumptions And Others
ServicingAssetAtFairValueGainLossInFairValueResultingFromChangesInValuationsOrChangesInAssumptionsAndOthers
-110600000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
5799937000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
56276000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
5743661000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
5705184000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
1947000 usd
CY2022Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
36530000 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
CY2022Q2 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
4705943000 usd
CY2021Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
7979226000 usd
CY2022Q2 ldi Loans Held For Sale Fair Value Cumulative Adjustment Gain Loss
LoansHeldForSaleFairValueCumulativeAdjustmentGainLoss
-49605000 usd
CY2021Q4 ldi Loans Held For Sale Fair Value Cumulative Adjustment Gain Loss
LoansHeldForSaleFairValueCumulativeAdjustmentGainLoss
157591000 usd
CY2022Q2 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
4656338000 usd
CY2021Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
8136817000 usd
CY2022Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
6558668000 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
CY2022Q2 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
15769229000 usd
CY2021Q2 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
34413319000 usd
us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
37142855000 usd
us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
75814894000 usd
CY2022Q2 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
17876229000 usd
CY2021Q2 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
34294254000 usd
us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
40681596000 usd
us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
74213668000 usd
CY2022Q2 ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
194650000 usd
CY2021Q2 ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
111385000 usd
ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
333666000 usd
ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
663700000 usd
CY2022Q2 ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
40598000 usd
CY2021Q2 ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
43206000 usd
ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
100885000 usd
ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
66506000 usd
CY2022Q2 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
-50618000 usd
CY2021Q2 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
-145653000 usd
ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
174519000 usd
ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
33191000 usd
CY2022Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
4656338000 usd
CY2021Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
9120653000 usd
CY2022Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
4656338000 usd
CY2021Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
9120653000 usd
CY2022Q2 ldi Discount Premium From Loan Sales
DiscountPremiumFromLoanSales
-437194000 usd
CY2021Q2 ldi Discount Premium From Loan Sales
DiscountPremiumFromLoanSales
407314000 usd
ldi Discount Premium From Loan Sales
DiscountPremiumFromLoanSales
-673291000 usd
ldi Discount Premium From Loan Sales
DiscountPremiumFromLoanSales
877887000 usd
CY2022Q2 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
180455000 usd
CY2021Q2 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
427458000 usd
ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
450215000 usd
ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
957002000 usd
CY2022Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-190545000 usd
CY2021Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-510788000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-31803000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-182467000 usd
CY2022Q2 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-553834000 usd
CY2021Q2 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-250912000 usd
ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-902875000 usd
ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-350548000 usd
CY2022Q2 ldi Premium Discount Points Rebates And Lender Paid Costs
PremiumDiscountPointsRebatesAndLenderPaidCosts
-71767000 usd
CY2021Q2 ldi Premium Discount Points Rebates And Lender Paid Costs
PremiumDiscountPointsRebatesAndLenderPaidCosts
28603000 usd
ldi Premium Discount Points Rebates And Lender Paid Costs
PremiumDiscountPointsRebatesAndLenderPaidCosts
-131834000 usd
ldi Premium Discount Points Rebates And Lender Paid Costs
PremiumDiscountPointsRebatesAndLenderPaidCosts
143458000 usd
CY2022Q2 ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
50618000 usd
CY2021Q2 ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
145653000 usd
ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
-174519000 usd
ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
-33191000 usd
CY2022Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
82373000 usd
CY2021Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-533000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
95619000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
267000 usd
CY2022Q2 ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
146562000 usd
CY2021Q2 ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
692479000 usd
ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
509692000 usd
ldi Gain On Origination And Sale Of Loans Net
GainOnOriginationAndSaleOfLoansNet
1826054000 usd
CY2022Q2 ldi Loans Held For Sale Nonaccrual
LoansHeldForSaleNonaccrual
23700000 usd
CY2021Q4 ldi Loans Held For Sale Nonaccrual
LoansHeldForSaleNonaccrual
28800000 usd
CY2022Q2 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
155217012000 usd
CY2021Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
162112965000 usd
CY2022Q2 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
155217012000 usd
CY2021Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
162112965000 usd
CY2022Q2 ldi Covid19 Percentage Of Servicing Portfolio In Forbearance
COVID19PercentageOfServicingPortfolioInForbearance
0.004
CY2021Q4 ldi Covid19 Percentage Of Servicing Portfolio In Forbearance
COVID19PercentageOfServicingPortfolioInForbearance
0.006
CY2022Q1 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
2078187000 usd
CY2021Q1 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1766088000 usd
CY2021Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1999402000 usd
CY2020Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1124302000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
180455000 usd
CY2021Q2 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
427458000 usd
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
450215000 usd
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
957001000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
86464000 usd
CY2021Q2 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
182113000 usd
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
399314000 usd
us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
182788000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
98795000 usd
CY2021Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-129267000 usd
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
297792000 usd
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
101757000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-66380000 usd
CY2021Q2 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-105771000 usd
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-143502000 usd
CY2022Q2 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-2493000 usd
CY2021Q2 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
6089000 usd
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-223877000 usd
CY2022Q2 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
2204593000 usd
CY2021Q2 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1776395000 usd
CY2022Q2 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
2204593000 usd
CY2021Q2 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1776395000 usd
CY2022Q2 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
113824000 usd
CY2021Q2 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
92164000 usd
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
222650000 usd
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
171734000 usd
CY2022Q2 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
3502000 usd
CY2021Q2 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
2578000 usd
ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
5735000 usd
ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
5575000 usd
ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
7540000 usd
ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
5992000 usd
CY2022Q2 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
117326000 usd
CY2021Q2 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
94742000 usd
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
228385000 usd
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
177309000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
98795000 usd
CY2021Q2 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
-129267000 usd
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
297792000 usd
us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
101757000 usd
CY2022Q2 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-66380000 usd
CY2021Q2 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-105771000 usd
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-143502000 usd
us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-223877000 usd
CY2021Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
1999402000 usd
CY2022Q2 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of1 Percent Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf1PercentAdverseChangeInDiscountRate
79165000 usd
CY2022Q2 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
-63429000 usd
CY2021Q2 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
83851000 usd
ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
-263720000 usd
ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
-72605000 usd
CY2022Q2 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-33507000 usd
CY2021Q2 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-145098000 usd
ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-101890000 usd
ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-188733000 usd
CY2022Q2 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
2204593000 usd
CY2021Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of1 Percent Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf1PercentAdverseChangeInDiscountRate
85066000 usd
CY2022Q2 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of2 Percent Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf2PercentAdverseChangeInDiscountRate
152847000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
42112000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
0 usd
CY2021Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of2 Percent Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf2PercentAdverseChangeInDiscountRate
163255000 usd
CY2022Q2 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInCostOfServicing
19008000 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
CY2022Q2 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInCostOfServicing
38045000 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
CY2022Q2 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
29614000 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
CY2022Q2 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
58466000 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
CY2022Q2 us-gaap Derivative Assets
DerivativeAssets
153607000 usd
CY2022Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
72758000 usd
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
194665000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
37797000 usd
CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
299860000 usd
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-176025000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
607352000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
95476000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
40736000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1581000 usd
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
42317000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
205000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
205000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
40736000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1376000 usd
CY2021Q4 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
32900000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 usd
CY2022Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
0 usd
CY2020Q4 us-gaap Goodwill
Goodwill
40736000 usd
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2090000 usd
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
42826000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
255000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
255000 usd
CY2021Q2 us-gaap Goodwill
Goodwill
40736000 usd
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1835000 usd
CY2021Q2 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
42571000 usd
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
40700000 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1400000 usd
CY2022Q2 ldi Number Of Lines Of Credit Held
NumberOfLinesOfCreditHeld
14 lineofcredit
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
2427140000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1628208000 usd
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
100000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
400000 usd
CY2022Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
155100000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
193400000 usd
CY2022Q2 ldi Effective Income Tax Rate Reconciliation Federal And State Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationFederalAndStateIncomeTaxRatePercent
0.26
CY2021Q4 ldi Effective Income Tax Rate Reconciliation Federal And State Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationFederalAndStateIncomeTaxRatePercent
0.26
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 usd
CY2022Q2 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
48800000 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
CY2022Q2 us-gaap Minority Interest
MinorityInterest
700000000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
1100000000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-100928000 usd
us-gaap Net Income Loss
NetIncomeLoss
-135669000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153822380 shares
CY2021Q4 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
32900000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146415135 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.93
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-100928000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-135668000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153822380 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146415135 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146415135 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146415135 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.93
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
8561000 usd
us-gaap Net Income Loss
NetIncomeLoss
53436000 usd
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126726876 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126392949 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8561000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
53436000 usd
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126726876 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126392949 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2022Q2 us-gaap Escrow Deposit
EscrowDeposit
14700000 usd
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
21100000 usd
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
41159000 usd
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
30052000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
29877000 usd
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
33591000 usd
CY2022Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
82373000 usd
CY2021Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-533000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
95619000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
267000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
37659000 usd
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2893000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
39623000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
7232000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
85873000 usd
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
26626000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
85873000 usd
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
26626000 usd
CY2022Q2 ldi Tax Receivable Agreement Percent Of Cash Tax Savings Paid
TaxReceivableAgreementPercentOfCashTaxSavingsPaid
0.85
CY2022Q2 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
48800000 usd
CY2022Q2 us-gaap Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
120400000 usd

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