2022 Q4 Form 10-K Financial Statement

#000183163123000089 Filed on March 16, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022
Revenue $253.3M $1.256B
YoY Change -71.12% -66.28%
Cost Of Revenue $50.55M $324.9M
YoY Change -58.69% -36.4%
Gross Profit $202.8M $1.276B
YoY Change -73.13% -67.09%
Gross Profit Margin 80.05% 101.62%
Selling, General & Admin $270.0M $1.547B
YoY Change -54.47% -41.63%
% of Gross Profit 133.16% 121.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.09M $42.00M
YoY Change 3.82% 20.0%
% of Gross Profit 4.97% 3.29%
Operating Expenses $280.1M $1.590B
YoY Change -53.53% -40.83%
Operating Profit -$77.32M -$313.3M
YoY Change -150.91% -126.29%
Interest Expense -$94.38M $150.9M
YoY Change -33.05% -30.93%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$174.1M -$690.0M
YoY Change -1698.09% -203.52%
Income Tax -$16.32M -$79.59M
% Of Pretax Income
Net Earnings -$77.27M -$273.0M
YoY Change -997.13% -340.5%
Net Earnings / Revenue -30.5% -21.74%
Basic Earnings Per Share -$1.75
Diluted Earnings Per Share -$0.46 -$1.75
COMMON SHARES
Basic Shares Outstanding 156.0M shares
Diluted Shares Outstanding 156.0M shares

Balance Sheet

Concept 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $864.0M $864.0M
YoY Change 105.91% 105.91%
Cash & Equivalents $864.0M $864.0M
Short-Term Investments
Other Short-Term Assets $156.0M $156.0M
YoY Change 11.17% 11.17%
Inventory
Prepaid Expenses
Receivables $145.3M $145.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.165B $1.165B
YoY Change 89.14% 89.14%
LONG-TERM ASSETS
Property, Plant & Equipment $92.89M $128.6M
YoY Change -10.91% -19.61%
Goodwill $0.00
YoY Change -100.0%
Intangibles
YoY Change
Long-Term Investments $20.41M $114.7M
YoY Change 10.01% 25.4%
Other Assets $116.5M $116.5M
YoY Change -42.02% -42.02%
Total Long-Term Assets $5.445B $5.445B
YoY Change -51.37% -51.37%
TOTAL ASSETS
Total Short-Term Assets $1.165B $1.165B
Total Long-Term Assets $5.445B $5.445B
Total Assets $6.610B $6.610B
YoY Change -44.04% -44.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $488.7M $357.9M
YoY Change -21.74% 161.98%
Accrued Expenses $61.68M $117.6M
YoY Change -14.26% -50.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $70.80M
YoY Change 136.96%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $550.4M $546.3M
YoY Change -20.97% -1.1%
LONG-TERM LIABILITIES
Long-Term Debt $4.436B $4.436B
YoY Change -51.18% -51.18%
Other Long-Term Liabilities $702.2M $706.2M
YoY Change 75.03% 72.86%
Total Long-Term Liabilities $5.138B $5.142B
YoY Change -45.84% -45.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $550.4M $546.3M
Total Long-Term Liabilities $5.138B $5.142B
Total Liabilities $5.688B $6.176B
YoY Change -44.14% -45.29%
SHAREHOLDERS EQUITY
Retained Earnings -$342.1M
YoY Change 1080.76%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.28M
YoY Change 3.35%
Treasury Stock Shares 1.780M shares
Shareholders Equity $433.5M $433.5M
YoY Change
Total Liabilities & Shareholders Equity $6.610B $6.610B
YoY Change -44.04% -44.04%

Cashflow Statement

Concept 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$77.27M -$273.0M
YoY Change -997.13% -340.5%
Depreciation, Depletion And Amortization $10.09M $42.00M
YoY Change 3.82% 20.0%
Cash From Operating Activities $45.83M $4.461B
YoY Change -92.27% -404.35%
INVESTING ACTIVITIES
Capital Expenditures $5.598M $43.21M
YoY Change -154.38% -20.16%
Acquisitions
YoY Change
Other Investing Activities $15.49M $711.0M
YoY Change -15.26% 102.61%
Cash From Investing Activities $9.892M $667.8M
YoY Change 23.87% 125.0%
FINANCING ACTIVITIES
Cash Dividend Paid $119.3M
YoY Change -74.26%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -380.1M -$4.769B
YoY Change -35.02% -466.59%
NET CHANGE
Cash From Operating Activities 45.83M $4.461B
Cash From Investing Activities 9.892M $667.8M
Cash From Financing Activities -380.1M -$4.769B
Net Change In Cash -324.4M $359.9M
YoY Change -2104.41% 172.85%
FREE CASH FLOW
Cash From Operating Activities $45.83M $4.461B
Capital Expenditures $5.598M $43.21M
Free Cash Flow $40.24M $4.418B
YoY Change -93.33% -390.66%

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CY2021 ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
-3393000 usd
CY2020 ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
23275000 usd
CY2022 ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
0 usd
CY2021 ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
10383000 usd
CY2020 ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
0 usd
CY2022 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
185111000 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
CY2022 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
-132614000 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
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
20583000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
67063000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
8501000 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 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
CY2022 ldi Origination Of Loans
OriginationOfLoans
53094767000 usd
CY2021 ldi Origination Of Loans
OriginationOfLoans
136606028000 usd
CY2020 ldi Origination Of Loans
OriginationOfLoans
100535715000 usd
CY2022 ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
59681043000 usd
CY2021 ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
138027936000 usd
CY2020 ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
100163631000 usd
CY2022 ldi Proceeds From Principal Payments Of Loans Operating Activities
ProceedsFromPrincipalPaymentsOfLoansOperatingActivities
132322000 usd
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
CY2022 ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
742911000 usd
CY2021 ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
965933000 usd
CY2020 ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
203931000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10528000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
40736000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
12128000 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
CY2022 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
161485000 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
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4460746000 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
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43211000 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
CY2022 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
703812000 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
CY2022 us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
7484000 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
CY2022 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
325000 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
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
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
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
667760000 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
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
58014318000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
154391100000 usd
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
103367680000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
63324914000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
153511330000 usd
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100256817000 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2124401000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1401782000 usd
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
927693000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
1456888000 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
479778000 usd
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
800000000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5824000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
21185000 usd
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
17675000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 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
CY2022 ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
0 usd
CY2021 ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
3610000 usd
CY2020 ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
35731000 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
430000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
12852000 usd
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
119264000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
463313000 usd
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
643055000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4768601000 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
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
359905000 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
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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
980501000 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
CY2022 us-gaap Interest Paid Net
InterestPaidNet
253728000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
270471000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
159994000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
26730000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3329000 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
447000 usd
CY2022 ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
50426000 usd
CY2021 ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
75979000 usd
CY2020 ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
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
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain items in prior periods were reclassified to conform to the current presentation. To conform to the current period presentation, servicing expense on the consolidated statements of operations includes subservicing expense and in-house servicing expense.
CY2022 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>
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q4 us-gaap Servicing Asset
ServicingAsset
98700000 usd
CY2021Q4 us-gaap Servicing Asset
ServicingAsset
81100000 usd
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
2373427000 usd
CY2021Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
8136817000 usd
CY2022 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
53094767000 usd
CY2021 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
136606028000 usd
CY2022 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
59174022000 usd
CY2022 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 22% and 31% of total loan originations for the years ended December 31, 2022 and 2021, respectively.</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company sells mortgage loans to various third-party investors. Three investors accounted for 28%, 27%, and 22% of the Company’s loan sales for the year ended December 31, 2022 and 41%, 32%, and 14% for the year ended December 31, 2021. No other investors accounted for more than 5% of the loan sales for the years ended December 31, 2022 and 2021.</span></div>The Company funds loans through warehouse lines of credit. As of December 31, 2022, 14% and 18% 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
CY2022Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
2430630000 usd
CY2021Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
7979226000 usd
CY2022Q4 ldi Loans Held For Sale Fair Value Adjustment
LoansHeldForSaleFairValueAdjustment
-57203000 usd
CY2021Q4 ldi Loans Held For Sale Fair Value Adjustment
LoansHeldForSaleFairValueAdjustment
157591000 usd
CY2021 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
136081060000 usd
CY2022 ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
633298000 usd
CY2021 ldi Loans Receivable Held For Sale Repurchases
LoansReceivableHeldForSaleRepurchases
944023000 usd
CY2022 ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
132322000 usd
CY2021 ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
182883000 usd
CY2021 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
104715000 usd
CY2022 ldi Premium From Loan Sales
PremiumFromLoanSales
-933547000 usd
CY2021 ldi Premium From Loan Sales
PremiumFromLoanSales
1882557000 usd
CY2020 ldi Premium From Loan Sales
PremiumFromLoanSales
3178213000 usd
CY2022 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
647716000 usd
CY2021 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
1610596000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-134519000 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-308200000 usd
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
288325000 usd
CY2022 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-1215013000 usd
CY2021 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-347014000 usd
CY2020 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
557996000 usd
CY2022 ldi Discount Points Rebates And Lender Paid Costs
DiscountPointsRebatesAndLenderPaidCosts
-275981000 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
CY2022 ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
-185111000 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
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
136993000 usd
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
7185000 usd
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
25973000 usd
CY2022 ldi Fair Value Net Derivative Asset Liability Recurring Basis Still Held Gain On Origination And Sale Of Loans Net
FairValueNetDerivativeAssetLiabilityRecurringBasisStillHeldGainOnOriginationAndSaleOfLoansNet
748540000 usd
CY2021 ldi Fair Value Net Derivative Asset Liability Recurring Basis Still Held Gain On Origination And Sale Of Loans Net
FairValueNetDerivativeAssetLiabilityRecurringBasisStillHeldGainOnOriginationAndSaleOfLoansNet
3213351000 usd
CY2020 ldi Fair Value Net Derivative Asset Liability Recurring Basis Still Held Gain On Origination And Sale Of Loans Net
FairValueNetDerivativeAssetLiabilityRecurringBasisStillHeldGainOnOriginationAndSaleOfLoansNet
3905986000 usd
CY2022Q4 ldi Loans Held For Sale Nonaccrual
LoansHeldForSaleNonaccrual
24800000 usd
CY2021Q4 ldi Loans Held For Sale Nonaccrual
LoansHeldForSaleNonaccrual
28800000 usd
CY2022Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate
81431000 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
CY2022Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate
157281000 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
CY2022Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInCostOfServicing
19017000 usd
CY2022Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
141170931000 usd
CY2021Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
162112965000 usd
CY2022Q4 ldi Covid19 Percentage Of Servicing Portfolio In Forbearance
COVID19PercentageOfServicingPortfolioInForbearance
0.002
CY2021Q4 ldi Covid19 Percentage Of Servicing Portfolio In Forbearance
COVID19PercentageOfServicingPortfolioInForbearance
0.006
CY2019Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
444443000 usd
CY2022 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
363064000 usd
CY2022 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-230449000 usd
CY2021 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-421624000 usd
CY2022Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
2025136000 usd
CY2021Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1999402000 usd
CY2020Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1124302000 usd
CY2022Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInCostOfServicing
38127000 usd
CY2022 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
423528000 usd
CY2021 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
382501000 usd
CY2020 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
174532000 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
CY2020 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
185895000 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
CY2020 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-2701000 usd
CY2022Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
2025136000 usd
CY2022Q4 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
18863000 usd
CY2022Q4 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
37546000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
39411000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
67492000 usd
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
194665000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
37797000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
757185000 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
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 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
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
509000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
509000 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
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
205000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
205000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
40736000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1376000 usd
CY2022 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
42112000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
0 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
0 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
0 usd
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
40700000 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1400000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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290158000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
340803000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
197269000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
236541000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
92889000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
104262000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42000000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35000000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35200000 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
12600000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
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147424000 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
88822000 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
95777000 usd
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
76495000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
51647000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
12327000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
20400000 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
11500000 usd
CY2020 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
11500000 usd
CY2022Q4 ldi Computer Software Development Expected Depreciation Year One
ComputerSoftwareDevelopmentExpectedDepreciationYearOne
24061000 usd
CY2022Q4 ldi Computer Software Development Expected Depreciation Year Two
ComputerSoftwareDevelopmentExpectedDepreciationYearTwo
19411000 usd
CY2022Q4 ldi Computer Software Development Expected Depreciation Year Three And Thereafter
ComputerSoftwareDevelopmentExpectedDepreciationYearThreeAndThereafter
8175000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
51647000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
24961000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
28322000 usd
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
30350000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2373000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
747000 usd
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
688000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
187000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
1049000 usd
CY2020 us-gaap Sublease Income
SubleaseIncome
1518000 usd
CY2022 us-gaap Lease Cost
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27147000 usd
CY2021 us-gaap Lease Cost
LeaseCost
28020000 usd
CY2020 us-gaap Lease Cost
LeaseCost
29520000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
31350000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
31377000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16922000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11826000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.057
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.070
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
23576000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
18313000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11582000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7146000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6287000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2242000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
69146000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7471000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
61675000 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
16100000 usd
CY2022Q4 ldi Lessee Operating Lease Lease Not Yet Commenced Number
LesseeOperatingLeaseLeaseNotYetCommencedNumber
4 lease
CY2022Q4 ldi Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
6100000 usd
CY2022Q4 ldi Margin Call Receivables
MarginCallReceivables
36270000 usd
CY2021Q4 ldi Margin Call Receivables
MarginCallReceivables
1740000 usd
CY2022Q4 ldi Receivables From Servicing Sales Net
ReceivablesFromServicingSalesNet
27021000 usd
CY2021Q4 ldi Receivables From Servicing Sales Net
ReceivablesFromServicingSalesNet
19134000 usd
CY2022Q4 ldi Servicing Fees Receivables
ServicingFeesReceivables
24917000 usd
CY2021Q4 ldi Servicing Fees Receivables
ServicingFeesReceivables
6527000 usd
CY2022Q4 us-gaap Due From Joint Ventures
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15843000 usd
CY2021Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
2160000 usd
CY2022Q4 ldi Receivable From Loan Sales
ReceivableFromLoanSales
10733000 usd
CY2021Q4 ldi Receivable From Loan Sales
ReceivableFromLoanSales
7551000 usd
CY2022Q4 ldi Receivables From Servicing Advance Facilities
ReceivablesFromServicingAdvanceFacilities
9278000 usd
CY2021Q4 ldi Receivables From Servicing Advance Facilities
ReceivablesFromServicingAdvanceFacilities
0 usd
CY2022Q4 ldi Receivables From Loan Principal And Interest
ReceivablesFromLoanPrincipalAndInterest
4502000 usd
CY2021Q4 ldi Receivables From Loan Principal And Interest
ReceivablesFromLoanPrincipalAndInterest
5835000 usd
CY2022Q4 ldi Loan Origination Receivable
LoanOriginationReceivable
3623000 usd
CY2021Q4 ldi Loan Origination Receivable
LoanOriginationReceivable
6131000 usd
CY2022Q4 ldi Settlement Services Receivables
SettlementServicesReceivables
1374000 usd
CY2021Q4 ldi Settlement Services Receivables
SettlementServicesReceivables
6293000 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
11718000 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
812000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
145279000 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
56183000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2800000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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
CY2022Q4 ldi Number Of Lines Of Credit Held
NumberOfLinesOfCreditHeld
9 lineofcredit
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2289319000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
1628208000 usd
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
18400000 usd
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
139714000 usd
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
136619000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
122404000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
193020000 usd
CY2022Q4 ldi Loan Loss Obligation For Sold Loans
LoanLossObligationForSoldLoans
70797000 usd
CY2021Q4 ldi Loan Loss Obligation For Sold Loans
LoanLossObligationForSoldLoans
29877000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
52759000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
154154000 usd
CY2022Q4 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
50730000 usd
CY2021Q4 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
32865000 usd
CY2022Q4 ldi Accrued Joint Ventures
AccruedJointVentures
25619000 usd
CY2021Q4 ldi Accrued Joint Ventures
AccruedJointVentures
0 usd
CY2022Q4 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
12311000 usd
CY2021Q4 us-gaap Servicing Liability At Fair Value Amount
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7310000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7130000 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
38057000 usd
CY2022Q4 ldi Accrued Pricing Adjustments On Sold Loans
AccruedPricingAdjustmentsOnSoldLoans
3167000 usd
CY2021Q4 ldi Accrued Pricing Adjustments On Sold Loans
AccruedPricingAdjustmentsOnSoldLoans
12336000 usd
CY2022Q4 us-gaap Accrued Income Taxes
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0 usd
CY2021Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
12821000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
4065000 usd
CY2021Q4 us-gaap Other Liabilities
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7385000 usd
CY2022Q4 ldi Accounts Payable Accrued Expenses And Other Liabilities
AccountsPayableAccruedExpensesAndOtherLiabilities
488696000 usd
CY2021Q4 ldi Accounts Payable Accrued Expenses And Other Liabilities
AccountsPayableAccruedExpensesAndOtherLiabilities
624444000 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
CY2022Q4 us-gaap Minority Interest
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488000000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
1100000000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2022 us-gaap Net Income Loss
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-273020000 usd
CY2021 us-gaap Net Income Loss
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113524000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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156030350 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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129998894 shares
CY2022 us-gaap Earnings Per Share Basic
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-1.75
CY2021 us-gaap Earnings Per Share Basic
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0.87
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
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-273020000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
113524000 usd
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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156030350 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129998894 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.75
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.87
CY2022 us-gaap Allocated Share Based Compensation Expense
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20600000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
67100000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8500000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
68100000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y7M6D
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
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0.50
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.06
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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12900000 usd
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
25400000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
8936000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1745000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
846000 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
CY2022 us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
684000 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
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-66624000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
26623000 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-13652000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4692000 usd
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4000 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-80276000 usd
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
31315000 usd
CY2020 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-78000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-79592000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43371000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2248000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.030
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.009
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.103
CY2020 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
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