2021 Q3 Form 10-Q Financial Statement

#000178339821000070 Filed on November 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $690.3M $1.834B
YoY Change -62.36% 339.86%
Cost Of Revenue $48.17M $32.00M
YoY Change 50.54% 113.33%
Gross Profit $812.6M $1.802B
YoY Change -54.91% 348.31%
Gross Profit Margin 117.72% 98.26%
Selling, General & Admin $218.3M $238.3M
YoY Change -8.41% 108.12%
% of Gross Profit 26.86% 13.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.913M $254.0M
YoY Change -96.49% 257.75%
% of Gross Profit 1.1% 14.09%
Operating Expenses $357.0M $382.6M
YoY Change -6.69% 134.7%
Operating Profit $455.6M -$5.388M
YoY Change -8555.74% 25279.92%
Interest Expense $90.22M $40.62M
YoY Change 122.11% -199.07%
% of Operating Profit 19.8%
Other Income/Expense, Net $8.710M $0.00
YoY Change
Pretax Income $333.3M $1.452B
YoY Change -77.04% -6837427.49%
Income Tax $3.483M $750.0K
% Of Pretax Income 1.04% 0.05%
Net Earnings $25.25M -$5.349M
YoY Change -571.96% 25094.98%
Net Earnings / Revenue 3.66% -0.29%
Basic Earnings Per Share $0.25
Diluted Earnings Per Share $0.16 $14.07M
COMMON SHARES
Basic Shares Outstanding 101.1M shares
Diluted Shares Outstanding 1.604B shares

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $950.9M $756.0M
YoY Change 25.78%
Cash & Equivalents $950.9M $755.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $86.87M
Other Receivables $191.6M
Total Short-Term Assets $1.229B $1.003B
YoY Change 22.57%
LONG-TERM ASSETS
Property, Plant & Equipment $145.8M $161.0M
YoY Change -9.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $41.81M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $15.25B -$577.2M
YoY Change -2742.33%
TOTAL ASSETS
Total Short-Term Assets $1.229B $1.003B
Total Long-Term Assets $15.25B -$577.2M
Total Assets $16.48B $425.8M
YoY Change 3770.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.229B $462.0M
YoY Change 166.12%
Accrued Expenses $127.9M $122.0M
YoY Change 4.85%
Deferred Revenue
YoY Change
Short-Term Debt $32.56M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.390B $4.502M
YoY Change 30774.14%
LONG-TERM LIABILITIES
Long-Term Debt $12.04B $5.259B
YoY Change 128.86%
Other Long-Term Liabilities $61.43M $41.00M
YoY Change 49.84%
Total Long-Term Liabilities $12.10B $5.300B
YoY Change 128.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.390B $4.502M
Total Long-Term Liabilities $12.10B $5.300B
Total Liabilities $13.49B $5.885B
YoY Change 129.17%
SHAREHOLDERS EQUITY
Retained Earnings $129.8M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $130.3M $5.000M
YoY Change
Total Liabilities & Shareholders Equity $16.48B $7.908B
YoY Change 108.41%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $25.25M -$5.349M
YoY Change -571.96% 25094.98%
Depreciation, Depletion And Amortization $8.913M $254.0M
YoY Change -96.49% 257.75%
Cash From Operating Activities $592.1M $2.026B
YoY Change -70.78% -195.86%
INVESTING ACTIVITIES
Capital Expenditures -$20.00M $10.10M
YoY Change -298.0% -166.89%
Acquisitions
YoY Change
Other Investing Activities $239.1M -$28.40M
YoY Change -942.01% -104.97%
Cash From Investing Activities $219.1M -$18.40M
YoY Change -1290.95% -103.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -908.5M -1.308B
YoY Change -30.56% -174.06%
NET CHANGE
Cash From Operating Activities 592.1M 2.026B
Cash From Investing Activities 219.1M -18.40M
Cash From Financing Activities -908.5M -1.308B
Net Change In Cash -97.27M 699.5M
YoY Change -113.91% 235.01%
FREE CASH FLOW
Cash From Operating Activities $592.1M $2.026B
Capital Expenditures -$20.00M $10.10M
Free Cash Flow $612.1M $2.016B
YoY Change -69.64% -196.07%

Facts In Submission

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dei Document Period End Date
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dei Entity File Number
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dei Entity Registrant Name
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dei Entity Incorporation State Country Code
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StockRepurchasedDuringPeriodValue
6148000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2686986000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
329857000 USD
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
10087000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2119000 USD
CY2021Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
14847000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2994028000 USD
us-gaap Profit Loss
ProfitLoss
1328574000 USD
us-gaap Profit Loss
ProfitLoss
2010719000 USD
ghivu Gain Loss On Sale Of Mortgage Servicing Rights
GainLossOnSaleOfMortgageServicingRights
-670000 USD
ghivu Gain Loss On Sale Of Mortgage Servicing Rights
GainLossOnSaleOfMortgageServicingRights
-65821000 USD
ghivu Reserve For Representations And Warranties
ReserveForRepresentationsAndWarranties
34262000 USD
ghivu Reserve For Representations And Warranties
ReserveForRepresentationsAndWarranties
25574000 USD
ghivu Mortgage Servicing Rights Capitalized
MortgageServicingRightsCapitalized
1843861000 USD
ghivu Mortgage Servicing Rights Capitalized
MortgageServicingRightsCapitalized
1335654000 USD
ghivu Retention Of Investment Securities
RetentionOfInvestmentSecurities
42164000 USD
ghivu Retention Of Investment Securities
RetentionOfInvestmentSecurities
0 USD
ghivu Amortization And Payoffs Of Mortgage Servicing Rights
AmortizationAndPayoffsOfMortgageServicingRights
0 USD
ghivu Amortization And Payoffs Of Mortgage Servicing Rights
AmortizationAndPayoffsOfMortgageServicingRights
325566000 USD
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
0 USD
us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
32162000 USD
ghivu Change In Fair Value Of Mortgage Servicing Rights
ChangeInFairValueOfMortgageServicingRights
-448825000 USD
ghivu Change In Fair Value Of Mortgage Servicing Rights
ChangeInFairValueOfMortgageServicingRights
0 USD
ghivu Depreciation And Amortization Of Premises And Equipment
DepreciationAndAmortizationOfPremisesAndEquipment
14502000 USD
ghivu Depreciation And Amortization Of Premises And Equipment
DepreciationAndAmortizationOfPremisesAndEquipment
8071000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2085000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
ghivu Amortization Of Finance Lease Right Of Use Assets
AmortizationOfFinanceLeaseRightOfUseAssets
10174000 USD
ghivu Amortization Of Finance Lease Right Of Use Assets
AmortizationOfFinanceLeaseRightOfUseAssets
5779000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4453000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
ghivu Change In Fair Value Of Retained Interest
ChangeInFairValueOfRetainedInterest
-149000 USD
ghivu Change In Fair Value Of Retained Interest
ChangeInFairValueOfRetainedInterest
0 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-30944000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
69103000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
66203000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
3820127000 USD
us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
-231114000 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
82735000 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
26364000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-4161000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
162305000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
292023000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
256789000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-4803000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
19089000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3753859000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1390158000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52271000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3669000 USD
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
241634000 USD
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
217786000 USD
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
206000 USD
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
189569000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
214117000 USD
ghivu Proceeds From Payments For Borrowings Under Warehouse Lines Of Credit Net
ProceedsFromPaymentsForBorrowingsUnderWarehouseLinesOfCreditNet
3546551000 USD
ghivu Proceeds From Payments For Borrowings Under Warehouse Lines Of Credit Net
ProceedsFromPaymentsForBorrowingsUnderWarehouseLinesOfCreditNet
-276382000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9620000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1078000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
25365000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
79700000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
456895000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
400000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
512595000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
32560000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
700000000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7036000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
ghivu Proceeds From Business Combination Investing Activity
ProceedsFromBusinessCombinationInvestingActivity
895134000 USD
ghivu Proceeds From Business Combination Investing Activity
ProceedsFromBusinessCombinationInvestingActivity
0 USD
ghivu Costs Incurred Related To Business Combination Investing Activity
CostsIncurredRelatedToBusinessCombinationInvestingActivity
11260000 USD
ghivu Costs Incurred Related To Business Combination Investing Activity
CostsIncurredRelatedToBusinessCombinationInvestingActivity
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
20547000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
ghivu Proceeds From Members Contributions
ProceedsFromMembersContributions
0 USD
ghivu Proceeds From Members Contributions
ProceedsFromMembersContributions
300000000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
1468837000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
949681000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20995000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3291363000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-981763000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-272927000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
622512000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1223837000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
133283000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
950910000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
755795000 USD
us-gaap Interest Paid Net
InterestPaidNet
176304000 USD
us-gaap Interest Paid Net
InterestPaidNet
117432000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1738000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2021Q1 ghivu Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
1900000 USD
CY2021Q3 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
150200000 USD
CY2021Q3 us-gaap Retained Earnings Unappropriated
RetainedEarningsUnappropriated
150200000 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-14600000 USD
us-gaap Other Income
OtherIncome
30900000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of condensed consolidated 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 condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
CY2021Q3 ghivu Increase Decrease In Tax Receivable Agreement
IncreaseDecreaseInTaxReceivableAgreement
3400000 USD
CY2021Q3 ghivu Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
5300000 USD
CY2021Q3 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
11568222000 USD
CY2020Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
7620014000 USD
CY2021Q3 us-gaap Receivable With Imputed Interest Premium
ReceivableWithImputedInterestPremium
153628000 USD
CY2020Q4 us-gaap Receivable With Imputed Interest Premium
ReceivableWithImputedInterestPremium
101949000 USD
CY2021Q3 ghivu Mortgage Loans Fair Value Adjustment
MortgageLoansFairValueAdjustment
14792000 USD
CY2020Q4 ghivu Mortgage Loans Fair Value Adjustment
MortgageLoansFairValueAdjustment
194552000 USD
CY2021Q3 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
11736642000 USD
CY2020Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
7916515000 USD
ghivu Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.88
CY2020 ghivu Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.92
CY2021Q3 us-gaap Derivative Assets
DerivativeAssets
143807000 USD
CY2021Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
61434000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
61072000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
66237000 USD
ghivu Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.88
CY2020 ghivu Interest Rate Lock Commitment Pull Through Rate
InterestRateLockCommitmentPullThroughRate
0.92
CY2021Q3 ghivu Servicing Fee Receivables
ServicingFeeReceivables
91231000 USD
CY2020Q4 ghivu Servicing Fee Receivables
ServicingFeeReceivables
55838000 USD
CY2021Q3 us-gaap Due From Officers Or Stockholders
DueFromOfficersOrStockholders
63049000 USD
CY2020Q4 us-gaap Due From Officers Or Stockholders
DueFromOfficersOrStockholders
89881000 USD
CY2021Q3 ghivu Servicing Advances
ServicingAdvances
61602000 USD
CY2020Q4 ghivu Servicing Advances
ServicingAdvances
60053000 USD
CY2021Q3 ghivu Pair Offs Receivable
PairOffsReceivable
40207000 USD
CY2020Q4 ghivu Pair Offs Receivable
PairOffsReceivable
438000 USD
CY2020Q4 ghivu Warehouse After Deadline Funding
WarehouseAfterDeadlineFunding
3642000 USD
CY2021Q3 ghivu Receivables From Sale Of Servicing
ReceivablesFromSaleOfServicing
38879000 USD
CY2020Q4 ghivu Receivables From Sale Of Servicing
ReceivablesFromSaleOfServicing
10597000 USD
CY2021Q3 us-gaap Due From Related Parties
DueFromRelatedParties
37144000 USD
CY2020Q4 us-gaap Due From Related Parties
DueFromRelatedParties
33663000 USD
CY2021Q3 ghivu Warehouse After Deadline Funding
WarehouseAfterDeadlineFunding
17859000 USD
CY2021Q3 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
128000 USD
CY2020Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
28000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10071000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
540000 USD
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
340028000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
253600000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
179969000 USD
CY2021Q3 ghivu Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
1562000 USD
CY2020Q3 ghivu Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
1047000 USD
CY2021Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
173133000 USD
CY2020Q3 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
69456000 USD
us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
439386000 USD
ghivu Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
4376000 USD
ghivu Late And Ancillary Fee Income Generated By Servicing Financial Assets Amount
LateAndAncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
2687000 USD
CY2021Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
174695000 USD
CY2020Q3 us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
70503000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
443762000 USD
us-gaap Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
182656000 USD
CY2021Q3 us-gaap Prepaid Insurance
PrepaidInsurance
20569000 USD
CY2020Q4 us-gaap Prepaid Insurance
PrepaidInsurance
35230000 USD
CY2021Q3 ghivu Prepaid It Service And Maintenance
PrepaidITServiceAndMaintenance
25770000 USD
CY2020Q4 ghivu Prepaid It Service And Maintenance
PrepaidITServiceAndMaintenance
19827000 USD
CY2021Q3 ghivu Commitment Fees
CommitmentFees
401000 USD
CY2020Q4 ghivu Commitment Fees
CommitmentFees
641000 USD
CY2021Q3 us-gaap Security Deposit
SecurityDeposit
316000 USD
CY2020Q4 us-gaap Security Deposit
SecurityDeposit
31000 USD
CY2021Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
8599000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2260000 USD
CY2021Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
55655000 USD
CY2020Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
57989000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
1500000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
800000000 USD
CY2020Q3 ghivu Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
12800000 USD
CY2021Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0550
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0550
CY2021Q3 ghivu Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
35400000 USD
ghivu Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
102300000 USD
ghivu Payments For Repurchase Of Loans
PaymentsForRepurchaseOfLoans
37400000 USD
CY2021Q2 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
78070000 USD
CY2020Q2 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
53296000 USD
CY2020Q4 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
69542000 USD
CY2019Q4 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
46322000 USD
CY2021Q3 ghivu Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
12601000 USD
CY2020Q3 ghivu Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
10859000 USD
ghivu Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
34262000 USD
ghivu Representation And Warranty Reserve Charged To Operations
RepresentationAndWarrantyReserveChargedToOperations
25574000 USD
CY2021Q3 ghivu Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-5985000 USD
CY2020Q3 ghivu Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-1034000 USD
ghivu Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-19118000 USD
ghivu Representation And Warranty Reserve Realized Gains Losses
RepresentationAndWarrantyReserveRealizedGainsLosses
-8775000 USD
CY2021Q3 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
84686000 USD
CY2020Q3 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
63121000 USD
CY2021Q3 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
84686000 USD
CY2020Q3 ghivu Representation And Warranty Reserve
RepresentationAndWarrantyReserve
63121000 USD
CY2021Q3 ghivu Commitments To Extend Credit To Potential Borrowers
CommitmentsToExtendCreditToPotentialBorrowers
38800000000 USD
CY2021Q3 us-gaap Securities Loaned Fair Value Of Collateral
SecuritiesLoanedFairValueOfCollateral
40700000 USD
CY2021Q3 ghivu Retained Interest
RetainedInterest
41800000 USD
CY2021Q3 ghivu Minimum Capital Ratio
MinimumCapitalRatio
0.06
CY2021Q3 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
11736642000 USD
CY2021Q3 us-gaap Retained Interest Fair Value Disclosure
RetainedInterestFairValueDisclosure
41809000 USD
CY2021Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
14822568000 USD
CY2021Q3 ghivu Warrants Fair Value Disclosure
WarrantsFairValueDisclosure
14617000 USD
CY2021Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
76051000 USD
CY2020Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
7916515000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
7977587000 USD
CY2020Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
66237000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0104
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0132
us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.94
CY2021Q3 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.94
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0 USD
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4400000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
329857000 USD
us-gaap Profit Loss
ProfitLoss
1328574000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
304611000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1247079000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
25246000 USD
us-gaap Net Income Loss
NetIncomeLoss
81495000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25246000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
81495000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
254701000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
887166000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101106023 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
102247594 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1603710511 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1604567758 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55

Files In Submission

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0001783398-21-000070-index-headers.html Edgar Link pending
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exhibit311ceocertification.htm Edgar Link pending
exhibit312cfocertification.htm Edgar Link pending
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exhibituwm-amendmenttopont.htm Edgar Link pending
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