2023 Q4 Form 10-K Financial Statement

#000183163124000063 Filed on March 15, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $324.6M $1.289B
YoY Change 28.14% 2.61%
Cost Of Revenue $63.89M $225.0M
YoY Change 26.4% -30.75%
Gross Profit $260.7M $1.064B
YoY Change 28.58% -16.66%
Gross Profit Margin 80.32% 82.54%
Selling, General & Admin $221.8M $939.8M
YoY Change -17.85% -39.26%
% of Gross Profit 85.07% 88.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.922M $41.26M
YoY Change -1.62% -1.76%
% of Gross Profit 3.81% 3.88%
Operating Expenses $231.7M $981.0M
YoY Change -17.27% -38.28%
Operating Profit $28.99M $82.57M
YoY Change -137.5% -126.35%
Interest Expense -$102.9M -$360.2M
YoY Change 9.07% -338.71%
% of Operating Profit -355.06% -436.26%
Other Income/Expense, Net
YoY Change
Pretax Income -$73.94M -$278.3M
YoY Change -57.52% -59.66%
Income Tax -$14.17M -$42.80M
% Of Pretax Income
Net Earnings -$27.19M -$110.1M
YoY Change -64.81% -59.66%
Net Earnings / Revenue -8.38% -8.55%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.15 -$0.63
COMMON SHARES
Basic Shares Outstanding 174.9M shares
Diluted Shares Outstanding 174.9M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $660.7M $660.7M
YoY Change -23.53% -23.53%
Cash & Equivalents $660.7M $660.7M
Short-Term Investments
Other Short-Term Assets $254.1M $27.48M
YoY Change 62.9% -82.39%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $914.8M $688.2M
YoY Change -21.49% -40.94%
LONG-TERM ASSETS
Property, Plant & Equipment $100.2M $100.2M
YoY Change 7.92% -22.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $113.3M $113.3M
YoY Change 454.94% -1.21%
Other Assets $85.15M $87.13M
YoY Change -26.94% -25.24%
Total Long-Term Assets $5.236B $5.463B
YoY Change -3.83% 0.33%
TOTAL ASSETS
Total Short-Term Assets $914.8M $688.2M
Total Long-Term Assets $5.236B $5.463B
Total Assets $6.151B $6.151B
YoY Change -6.94% -6.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $380.0M $195.5M
YoY Change -22.25% -45.36%
Accrued Expenses $49.19M $104.1M
YoY Change -20.24% -11.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $429.2M $303.5M
YoY Change -22.02% -44.44%
LONG-TERM LIABILITIES
Long-Term Debt $4.221B $4.221B
YoY Change -4.84% -4.84%
Other Long-Term Liabilities $796.3M $841.8M
YoY Change 13.41% 19.2%
Total Long-Term Liabilities $5.017B $5.063B
YoY Change -2.35% -1.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $429.2M $303.5M
Total Long-Term Liabilities $5.017B $5.063B
Total Liabilities $5.798B $5.798B
YoY Change 1.92% -6.13%
SHAREHOLDERS EQUITY
Retained Earnings -$451.7M
YoY Change 32.02%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.49M
YoY Change 24.18%
Treasury Stock Shares
Shareholders Equity $353.2M $353.2M
YoY Change
Total Liabilities & Shareholders Equity $6.151B $6.151B
YoY Change -6.94% -6.94%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$27.19M -$110.1M
YoY Change -64.81% -59.66%
Depreciation, Depletion And Amortization $9.922M $41.26M
YoY Change -1.62% -1.76%
Cash From Operating Activities -$205.4M -$174.2M
YoY Change -548.19% -103.91%
INVESTING ACTIVITIES
Capital Expenditures $4.295M $20.61M
YoY Change -23.28% -52.3%
Acquisitions
YoY Change
Other Investing Activities $10.96M $186.3M
YoY Change -29.24% -73.8%
Cash From Investing Activities $6.665M $165.7M
YoY Change -32.62% -75.19%
FINANCING ACTIVITIES
Cash Dividend Paid $2.980M
YoY Change -97.5%
Common Stock Issuance & Retirement, Net -$899.0K -$3.211M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 112.6M -226.1M
YoY Change -129.64% -95.26%
NET CHANGE
Cash From Operating Activities -205.4M -174.2M
Cash From Investing Activities 6.665M 165.7M
Cash From Financing Activities 112.6M -226.1M
Net Change In Cash -86.11M -234.6M
YoY Change -73.45% -165.2%
FREE CASH FLOW
Cash From Operating Activities -$205.4M -$174.2M
Capital Expenditures $4.295M $20.61M
Free Cash Flow -$209.7M -$194.8M
YoY Change -621.22% -104.41%

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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
20583000 usd
CY2022 ldi Distributions For State Taxes
DistributionsForStateTaxes
63676000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
921473000 usd
CY2023 ldi Adjustments To Additional Paid In Capital Tax Adjustments
AdjustmentsToAdditionalPaidInCapitalTaxAdjustments
-2837000 usd
CY2023 ldi Stock Vested During Period Value
StockVestedDuringPeriodValue
-1865000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-235512000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Profit Loss
ProfitLoss
623146000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
41261000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
42195000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
35541000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
7392000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
15160000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
12633000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
14162000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
20776000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
22613000 usd
CY2023 ldi Gain On Origination And Sale Of Loans
GainOnOriginationAndSaleOfLoans
503190000 usd
CY2022 ldi Gain On Origination And Sale Of Loans
GainOnOriginationAndSaleOfLoans
1203521000 usd
CY2021 ldi Gain On Origination And Sale Of Loans
GainOnOriginationAndSaleOfLoans
3633452000 usd
CY2023 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
4151000 usd
CY2022 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-21573000 usd
CY2021 us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
-836000 usd
CY2023 ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
ProvisionForLossObligationOnSoldLoansAndServicingRights
8560000 usd
CY2022 ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
ProvisionForLossObligationOnSoldLoansAndServicingRights
151211000 usd
CY2021 ldi Provision For Loss Obligation On Sold Loans And Servicing Rights
ProvisionForLossObligationOnSoldLoansAndServicingRights
18403000 usd
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
43175000 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
80276000 usd
CY2021 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-31315000 usd
CY2023 ldi Fair Value Adjustment Of Derivative Assets
FairValueAdjustmentOfDerivativeAssets
33755000 usd
CY2022 ldi Fair Value Adjustment Of Derivative Assets
FairValueAdjustmentOfDerivativeAssets
333786000 usd
CY2021 ldi Fair Value Adjustment Of Derivative Assets
FairValueAdjustmentOfDerivativeAssets
460264000 usd
CY2023 ldi Fair Value Adjustment Of Derivative Liabilities Gain Loss
FairValueAdjustmentOfDerivativeLiabilitiesGainLoss
-17470000 usd
CY2022 ldi Fair Value Adjustment Of Derivative Liabilities Gain Loss
FairValueAdjustmentOfDerivativeLiabilitiesGainLoss
-29695000 usd
CY2021 ldi Fair Value Adjustment Of Derivative Liabilities Gain Loss
FairValueAdjustmentOfDerivativeLiabilitiesGainLoss
130372000 usd
CY2023 ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
87918000 usd
CY2022 ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
178532000 usd
CY2021 ldi Premium Paid Received On Derivatives
PremiumPaidReceivedOnDerivatives
-3393000 usd
CY2023 ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
0 usd
CY2022 ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
0 usd
CY2021 ldi Purchase Of Option Contracts Operating Activities
PurchaseOfOptionContractsOperatingActivities
10383000 usd
CY2023 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
-64940000 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
CY2023 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
136118000 usd
CY2022 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
-143168000 usd
CY2021 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
351767000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
21993000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
20583000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
67063000 usd
CY2023 ldi Origination Of Loans
OriginationOfLoans
22393729000 usd
CY2022 ldi Origination Of Loans
OriginationOfLoans
53094767000 usd
CY2021 ldi Origination Of Loans
OriginationOfLoans
136606028000 usd
CY2023 ldi Proceeds From Sale Of Loans Operating Activities
ProceedsFromSaleOfLoansOperatingActivities
23239202000 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
CY2023 ldi Proceeds From Principal Payments Of Loans Operating Activities
ProceedsFromPrincipalPaymentsOfLoansOperatingActivities
129752000 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
CY2023 ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
491852000 usd
CY2022 ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
742911000 usd
CY2021 ldi Payments To Investors For Loan Repurchases
PaymentsToInvestorsForLoanRepurchases
965933000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1690000 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
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
40736000 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
18968000 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
CY2023 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
16691000 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
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-174215000 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
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20612000 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
CY2023 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
180687000 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
CY2023 us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
5492000 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
CY2023 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
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
CY2023 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
92000 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
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
165659000 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
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
20515015000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
58014318000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
154391100000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
20714561000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
63324914000 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
153511330000 usd
CY2023 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
402834000 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2124401000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1401782000 usd
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
417879000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
1456888000 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
479778000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5307000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5824000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
21185000 usd
CY2023 ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
0 usd
CY2022 ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
0 usd
CY2021 ldi Repayments Of Capital Lease Obligations
RepaymentsOfCapitalLeaseObligations
3610000 usd
CY2023 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3211000 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
430000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
12852000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
2980000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
119264000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-226089000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
131907000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
321626000 usd
CY2023 ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
0 usd
CY2022 ldi Trading Securities Retained In Securitization
TradingSecuritiesRetainedInSecuritization
50426000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
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
CY2023 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. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q4 ldi Receivables From Servicing Advance Facilities
ReceivablesFromServicingAdvanceFacilities
118400000 usd
CY2022Q4 ldi Receivables From Servicing Advance Facilities
ReceivablesFromServicingAdvanceFacilities
98700000 usd
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
40700000 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1400000 usd
CY2023 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. 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><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Due to the nature of the mortgage lending industry, changes in interest rates may significantly impact revenue from originating mortgages and subsequent sales of loans to investors, which are the primary source of income for the Company. </span></div><div 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 originates mortgage loans on property located throughout the United States, with loans originated for property located in California totaling approximately 18% and 22% of total loan originations for the years ended December 31, 2023 and 2022, 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 36%, 28%, and 12%, of the Company’s loan sales for the year ended December 31, 2023 and 28%, 27%, and 22% for the year ended December 31, 2022. No other investors accounted for more than 5% of the loan sales for the years ended December 31, 2023 and 2022.</span></div>The Company funds loans through warehouse lines of credit. As of December 31, 2023, 20% and 18% of the Company's warehouse lines were payable to two separate lenders, respectively.
CY2023Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
2133082000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
2430630000 usd
CY2023Q4 ldi Loans Held For Sale Fair Value Adjustment
LoansHeldForSaleFairValueAdjustment
-202000 usd
CY2022Q4 ldi Loans Held For Sale Fair Value Adjustment
LoansHeldForSaleFairValueAdjustment
-57203000 usd
CY2023Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
2132880000 usd
CY2022Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
2373427000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
2373427000 usd
CY2021Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
8136817000 usd
CY2023 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
22393729000 usd
CY2022 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Additions To Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowAdditionsToHeldForSale
53094767000 usd
CY2023 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
23013399000 usd
CY2022 us-gaap Loans Receivable Held For Sale Reconciliation To Cash Flow Deductions From Held For Sale
LoansReceivableHeldForSaleReconciliationToCashFlowDeductionsFromHeldForSale
59174022000 usd
CY2023 ldi Loans Receivable Held For Sale Principal Payments
LoansReceivableHeldForSalePrincipalPayments
129752000 usd
CY2023 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
-64940000 usd
CY2022 ldi Loans Receivable Held For Sale Change In Fair Value
LoansReceivableHeldForSaleChangeInFairValue
185111000 usd
CY2023 ldi Premium From Loan Sales
PremiumFromLoanSales
-135943000 usd
CY2022 ldi Premium From Loan Sales
PremiumFromLoanSales
-933547000 usd
CY2021 ldi Premium From Loan Sales
PremiumFromLoanSales
1882557000 usd
CY2023 ldi Servicing Rights From Loan Sales
ServicingRightsFromLoanSales
277387000 usd
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-35430000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-134519000 usd
CY2023 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-55631000 usd
CY2022 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-1215013000 usd
CY2021 ldi Realized Loss On Derivative Net
RealizedLossOnDerivativeNet
-347014000 usd
CY2023 ldi Premium Discount Points Rebates And Lender Paid Costs
PremiumDiscountPointsRebatesAndLenderPaidCosts
-306115000 usd
CY2022 ldi Premium Discount Points Rebates And Lender Paid Costs
PremiumDiscountPointsRebatesAndLenderPaidCosts
-275981000 usd
CY2021 ldi Premium Discount Points Rebates And Lender Paid Costs
PremiumDiscountPointsRebatesAndLenderPaidCosts
206716000 usd
CY2023 ldi Change In Fair Value Of Loans Held For Sale
ChangeInFairValueOfLoansHeldForSale
64940000 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
CY2023 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
8179000 usd
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
136993000 usd
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
7185000 usd
CY2023 ldi Fair Value Net Derivative Asset Liability Recurring Basis Still Held Gain On Origination And Sale Of Loans Net
FairValueNetDerivativeAssetLiabilityRecurringBasisStillHeldGainOnOriginationAndSaleOfLoansNet
524521000 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
CY2023Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
2132880000 usd
CY2023Q4 ldi Financing Receivable Held For Sale Unpaid Principal Balance Not Part Of Disposal Group After Valuation Allowance
FinancingReceivableHeldForSaleUnpaidPrincipalBalanceNotPartOfDisposalGroupAfterValuationAllowance
2133082000 usd
CY2023Q4 ldi Difference In Value Of Financing Receivable Held For Sale Not Part Of Disposal Group After Valuation Allowance
DifferenceInValueOfFinancingReceivableHeldForSaleNotPartOfDisposalGroupAfterValuationAllowance
-202000 usd
CY2022Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
2373427000 usd
CY2022Q4 ldi Financing Receivable Held For Sale Unpaid Principal Balance Not Part Of Disposal Group After Valuation Allowance
FinancingReceivableHeldForSaleUnpaidPrincipalBalanceNotPartOfDisposalGroupAfterValuationAllowance
2430630000 usd
CY2022Q4 ldi Difference In Value Of Financing Receivable Held For Sale Not Part Of Disposal Group After Valuation Allowance
DifferenceInValueOfFinancingReceivableHeldForSaleNotPartOfDisposalGroupAfterValuationAllowance
-57203000 usd
CY2023Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
145090199000 usd
CY2022Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
141170931000 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
CY2023 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
277387000 usd
CY2022 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
647716000 usd
CY2021 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
1610596000 usd
CY2023 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
180687000 usd
CY2022 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
765151000 usd
CY2021 us-gaap Servicing Asset At Fair Value Disposals
ServicingAssetAtFairValueDisposals
383729000 usd
CY2023 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
2227000 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
CY2021 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
68399000 usd
CY2023 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-149211000 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
CY2023 ldi Servicing Asset At Fair Value Realized Gain Loss On Sale
ServicingAssetAtFairValueRealizedGainLossOnSale
10866000 usd
CY2022 ldi Servicing Asset At Fair Value Realized Gain Loss On Sale
ServicingAssetAtFairValueRealizedGainLossOnSale
10554000 usd
CY2021 ldi Servicing Asset At Fair Value Realized Gain Loss On Sale
ServicingAssetAtFairValueRealizedGainLossOnSale
1458000 usd
CY2023Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1985718000 usd
CY2022Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
2025136000 usd
CY2021Q4 ldi Servicing Asset Net At Fair Value
ServicingAssetNetAtFairValue
1999402000 usd
CY2023 ldi Proceeds From Sales Of Excess Servicing Sales
ProceedsFromSalesOfExcessServicingSales
132000000 usd
CY2022 ldi Proceeds From Sales Of Excess Servicing Sales
ProceedsFromSalesOfExcessServicingSales
0 usd
CY2023 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
395213000 usd
CY2022 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
423528000 usd
CY2021 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
382501000 usd
CY2023 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
97598000 usd
CY2022 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
25622000 usd
CY2021 ldi Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
11179000 usd
CY2023 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
492811000 usd
CY2022 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
449150000 usd
CY2021 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
393680000 usd
CY2023 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
2227000 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
CY2021 us-gaap Servicing Asset At Fair Value Changes In Fair Value Resulting From Changes In Valuation Inputs Or Changes In Assumptions
ServicingAssetAtFairValueChangesInFairValueResultingFromChangesInValuationInputsOrChangesInAssumptions
68399000 usd
CY2023 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-149211000 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
CY2023 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
10486000 usd
CY2022 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-3663000 usd
CY2021 ldi Realized Gains Losses On Sales Of Servicing Rights
RealizedGainsLossesOnSalesOfServicingRights
-9759000 usd
CY2023 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
-47919000 usd
CY2022 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
-323309000 usd
CY2021 ldi Gain Loss On Derivatives Hedging Servicing Rights
GainLossOnDerivativesHedgingServicingRights
-82878000 usd
CY2023 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-184417000 usd
CY2022 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-194357000 usd
CY2021 ldi Changes In Fair Value Of Servicing Rights Net
ChangesInFairValueOfServicingRightsNet
-445862000 usd
CY2023Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
1985718000 usd
CY2022Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
2025136000 usd
CY2023Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of100 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf100BasisPointsAdverseChangeInDiscountRate
76862000 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
CY2023Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of200 Basis Points Adverse Change In Discount Rate
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf200BasisPointsAdverseChangeInDiscountRate
148438000 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
CY2023Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of10 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf10PercentAdverseChangeInCostOfServicing
20103000 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
CY2023Q4 ldi Sensitivity Analysis Of Fair Value Transferors Interests In Transferred Financial Assets Impact Of20 Percent Adverse Change In Cost Of Servicing
SensitivityAnalysisOfFairValueTransferorsInterestsInTransferredFinancialAssetsImpactOf20PercentAdverseChangeInCostOfServicing
40319000 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
CY2023Q4 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
22425000 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
CY2023Q4 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
44128000 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
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
93574000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
84962000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
39411000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
67492000 usd
CY2023Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
122861000 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-27718000 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
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
3335246000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
16981000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
3318265000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
3234475000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
60188000 usd
CY2023Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
23602000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
3539873000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
32710000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
3507163000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
3445455000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
54496000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
7212000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
305161000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
290158000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
234352000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
197269000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
70809000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
92889000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
41300000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
42000000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35000000 usd
CY2023 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1400000 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
12600000 usd
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
165119000 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
147424000 usd
CY2022Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
95777000 usd
CY2023Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
42258000 usd
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
51647000 usd
CY2023 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
27700000 usd
CY2022 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
20400000 usd
CY2021 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
11500000 usd
CY2023Q4 ldi Computer Software Development Expected Depreciation Year One
ComputerSoftwareDevelopmentExpectedDepreciationYearOne
25615000 usd
CY2023Q4 ldi Computer Software Development Expected Depreciation Year Two
ComputerSoftwareDevelopmentExpectedDepreciationYearTwo
13990000 usd
CY2023Q4 ldi Computer Software Development Expected Depreciation Year Three And Thereafter
ComputerSoftwareDevelopmentExpectedDepreciationYearThreeAndThereafter
2653000 usd
CY2023Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
42258000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
16864000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
24961000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
28322000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1739000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
2373000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
747000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
1774000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
187000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
1049000 usd
CY2023 us-gaap Lease Cost
LeaseCost
16829000 usd
CY2022 us-gaap Lease Cost
LeaseCost
27147000 usd
CY2021 us-gaap Lease Cost
LeaseCost
28020000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
23975000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
31350000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8852000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16922000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.057
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19201000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14456000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10017000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8507000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2816000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
116000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
55113000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5921000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
49192000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
900000 usd
CY2023Q4 ldi Lessee Operating Lease Lease Not Yet Commenced Number
LesseeOperatingLeaseLeaseNotYetCommencedNumber
3 lease
CY2023Q4 ldi Lessee Operating Lease Lease Not Yet Commenced Liability
LesseeOperatingLeaseLeaseNotYetCommencedLiability
400000 usd
CY2023Q4 ldi Receivables From Servicing Advance Facilities
ReceivablesFromServicingAdvanceFacilities
118414000 usd
CY2022Q4 ldi Receivables From Servicing Advance Facilities
ReceivablesFromServicingAdvanceFacilities
98704000 usd
CY2023Q4 ldi Margin Call Receivables
MarginCallReceivables
60188000 usd
CY2022Q4 ldi Margin Call Receivables
MarginCallReceivables
36270000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
27476000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
41317000 usd
CY2023Q4 ldi Loan Origination Receivable
LoanOriginationReceivable
9408000 usd
CY2022Q4 ldi Loan Origination Receivable
LoanOriginationReceivable
18858000 usd
CY2023Q4 ldi Receivables From Joint Ventures
ReceivablesFromJointVentures
7726000 usd
CY2022Q4 ldi Receivables From Joint Ventures
ReceivablesFromJointVentures
15843000 usd
CY2023Q4 ldi Servicing Fees Receivables
ServicingFeesReceivables
4610000 usd
CY2022Q4 ldi Servicing Fees Receivables
ServicingFeesReceivables
61216000 usd
CY2023Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
2611000 usd
CY2022Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
10725000 usd
CY2023Q4 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
1976000 usd
CY2022Q4 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
941000 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
21689000 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
17387000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
254098000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
301261000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3100000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2800000 usd
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
400000 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
CY2023Q4 ldi Number Of Lines Of Credit Held
NumberOfLinesOfCreditHeld
8 lineofcredit
CY2023Q4 ldi Number Of Securitization Facilities
NumberOfSecuritizationFacilities
1 lineofcredit
CY2023Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
108642000 usd
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
139714000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
80171000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
122404000 usd
CY2023Q4 ldi Loan Loss Obligation For Sold Loans
LoanLossObligationForSoldLoans
31980000 usd
CY2022Q4 ldi Loan Loss Obligation For Sold Loans
LoanLossObligationForSoldLoans
70797000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
54084000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
52759000 usd
CY2023Q4 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
57258000 usd
CY2022Q4 ldi Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
50730000 usd
CY2023Q4 ldi Accrued Joint Ventures
AccruedJointVentures
15602000 usd
CY2022Q4 ldi Accrued Joint Ventures
AccruedJointVentures
25619000 usd
CY2023Q4 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
14045000 usd
CY2022Q4 us-gaap Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
12311000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2919000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7130000 usd
CY2023Q4 ldi Accrued Pricing Adjustments On Sold Loans
AccruedPricingAdjustmentsOnSoldLoans
831000 usd
CY2022Q4 ldi Accrued Pricing Adjustments On Sold Loans
AccruedPricingAdjustmentsOnSoldLoans
3167000 usd
CY2023Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
943000 usd
CY2022Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
0 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
13496000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
4065000 usd
CY2023Q4 ldi Accounts Payable Accrued Expenses And Other Liabilities
AccountsPayableAccruedExpensesAndOtherLiabilities
379971000 usd
CY2022Q4 ldi Accounts Payable Accrued Expenses And Other Liabilities
AccountsPayableAccruedExpensesAndOtherLiabilities
488696000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
488000000 usd
CY2021Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
1
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-110142000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-273020000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
113524000 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
129998894 shares
CY2023Q4 ldi Effective Income Tax Rate Reconciliation Federal And State Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationFederalAndStateIncomeTaxRatePercent
0.262
CY2022Q4 ldi Effective Income Tax Rate Reconciliation Federal And State Income Tax Rate Percent
EffectiveIncomeTaxRateReconciliationFederalAndStateIncomeTaxRatePercent
0.274
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