Annual report pursuant to Section 13 and 15(d)

Business Segment Reporting - Summary of Financial Information By Segment (Detail)

v3.22.0.1
Business Segment Reporting - Summary of Financial Information By Segment (Detail) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES        
Gain on sale and other income from loans held for sale, net $ 291,334 $ 564,525 $ 1,178,995 $ 464,308
Net fair value gains on loans and related obligations 76,663 341,750 311,698 329,526
Fee income 161,371 386,065 389,869 199,099
Interest income 12,661 43,925 42,584 37,323
Interest expense (34,366) (107,694) (123,001) (138,731)
Net interest income (expense) (21,705) (63,769) (80,417) (101,408)
Total revenues 507,663 1,228,571 1,800,145 891,525
Total expenses 373,314 1,183,756 1,293,757 818,278
Goodwill and intangible asset impairment expense 0 (1,380,630) 0 0
Other, net (8,892) 14,142 (6,131) 4,332
NET (LOSS) INCOME BEFORE INCOME TAXES 125,457 (1,321,673) 500,257 77,579
Depreciation and amortization 3,484 50,005 13,871 13,108
Total assets 20,100,419 21,788,946 19,565,155 16,584,101
Operating Segments        
REVENUES        
Gain on sale and other income from loans held for sale, net 291,546 582,901 1,181,560 472,003
Net fair value gains on loans and related obligations 76,630 324,120 309,479 323,213
Fee income 154,759 417,411 377,135 221,913
Interest income 12,649 43,650 42,576 37,300
Interest expense (26,610) (87,454) (113,924) (133,367)
Net interest income (expense) (13,961) (43,804) (71,348) (96,067)
Total revenues 508,974 1,280,628 1,796,826 921,062
Total expenses 348,706 1,147,035 1,236,338 807,408
Goodwill and intangible asset impairment expense   (1,380,630)    
Other, net 1,080 4,881    
NET (LOSS) INCOME BEFORE INCOME TAXES 161,348 (1,242,156) 560,488 113,654
Depreciation and amortization 3,113 48,875 12,356 11,390
Total assets 20,047,170 21,752,225 19,483,510 16,716,814
Corporate and Other        
REVENUES        
Fee income   0 3,117 (2,529)
Interest income 12 275 8 23
Interest expense (7,756) (20,240) (8,945) (5,167)
Net interest income (expense) (7,744) (19,965) (8,937) (5,144)
Total revenues (7,744) (19,965) (5,820) (7,673)
Total expenses 18,683 74,535 48,280 35,137
Other, net (9,464) 15,193 (6,131) 4,332
NET (LOSS) INCOME BEFORE INCOME TAXES (35,891) (79,307) (60,231) (38,478)
Depreciation and amortization 371 1,130 1,515 1,718
Total assets 379,562 994,074 81,645 504,882
Elim        
REVENUES        
Gain on sale and other income from loans held for sale, net (212) (18,376) (2,565) (7,695)
Net fair value gains on loans and related obligations 33 17,630 2,219 6,313
Fee income 6,612 (31,346) 9,617 (20,285)
Interest expense     (132) (197)
Net interest income (expense)     (132) (197)
Total revenues 6,433 (32,092) 9,139 (21,864)
Total expenses 5,925 (37,814) 9,139 (24,267)
Other, net (508) (5,932)    
NET (LOSS) INCOME BEFORE INCOME TAXES   (210)   2,403
Total assets (326,313) (957,353) 0 (637,595)
Mortgage Originations | Operating Segments        
REVENUES        
Gain on sale and other income from loans held for sale, net 286,481 542,951 1,171,368 462,700
Fee income 32,731 88,399 118,237 64,372
Interest income 12,483 42,555 41,688 36,673
Interest expense (11,592) (34,569) (39,792) (37,076)
Net interest income (expense) 891 7,986 1,896 (403)
Total revenues 320,103 639,336 1,291,501 526,669
Total expenses 224,246 639,196 831,563 506,894
Goodwill and intangible asset impairment expense   (774,524)    
NET (LOSS) INCOME BEFORE INCOME TAXES 95,857 (774,384) 459,938 19,775
Depreciation and amortization 1,423 9,147 5,951 5,954
Total assets 2,425,529 2,148,504 2,362,159 1,321,342
Reverse Originations | Operating Segments        
REVENUES        
Net fair value gains on loans and related obligations 68,449 317,138 192,257 141,022
Fee income 524 3,274 1,837 3,478
Total revenues 68,973 320,412 194,094 144,500
Total expenses 23,693 122,389 87,219 79,522
Goodwill and intangible asset impairment expense   (408,241)    
Other, net 34 248    
NET (LOSS) INCOME BEFORE INCOME TAXES 45,314 (209,970) 106,875 64,978
Depreciation and amortization 151 29,006 897 481
Total assets 35,861 359,896 25,841 91,892
Commercial Originations | Operating Segments        
REVENUES        
Net fair value gains on loans and related obligations 5,431 37,720 13,350 30,512
Fee income 8,930 43,015 23,862 36,094
Total revenues 14,361 80,735 37,212 66,606
Total expenses 13,391 64,026 41,341 51,882
Goodwill and intangible asset impairment expense   (75,768)    
Other, net 149 423    
NET (LOSS) INCOME BEFORE INCOME TAXES 1,119 (58,636) (4,129) 14,724
Depreciation and amortization 125 1,909 568 616
Total assets 82,375 41,470 82,436 114,943
Lender Services | Operating Segments        
REVENUES        
Fee income 76,383 252,268 205,197 110,046
Interest income 28 68 174 213
Interest expense (64) (260) (255) (183)
Net interest income (expense) (36) (192) (81) 30
Total revenues 76,347 252,076 205,116 110,076
Total expenses 62,970 229,227 185,361 105,203
Goodwill and intangible asset impairment expense   (110,188)    
Other, net 2 3,040    
NET (LOSS) INCOME BEFORE INCOME TAXES 13,379 (84,299) 19,755 4,873
Depreciation and amortization 1,268 8,681 4,810 4,169
Total assets 125,317 227,966 117,254 86,070
Portfolio Management | Operating Segments        
REVENUES        
Gain on sale and other income from loans held for sale, net 5,065 39,950 10,192 9,303
Net fair value gains on loans and related obligations 2,750 (30,738) 103,872 151,679
Fee income 36,191 30,455 28,002 7,923
Interest income 138 1,027 714 414
Interest expense (14,954) (52,625) (73,877) (96,108)
Net interest income (expense) (14,816) (51,598) (73,163) (95,694)
Total revenues 29,190 (11,931) 68,903 73,211
Total expenses 24,406 92,197 90,854 63,907
Goodwill and intangible asset impairment expense   (11,909)    
Other, net 895 1,170    
NET (LOSS) INCOME BEFORE INCOME TAXES 5,679 (114,867) (21,951) 9,304
Depreciation and amortization 146 132 130 170
Total assets $ 17,378,088 $ 18,974,389 $ 16,895,820 $ 15,102,567