Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.1
Business Segment Reporting - Summary of Financial Information By Segment (Detail) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
REVENUES      
Gain on sale and other income from loans held for sale, net $ 118,352 $ 291,334  
Net fair value gains on loans and related obligations 10,435 76,663  
Fee income 157,604 161,371  
Net interest income (expense) (18,957) (21,705)  
TOTAL REVENUES 267,434 507,663  
Total expenses 349,536 373,314  
Other, net 4,772 (8,892)  
NET INCOME (LOSS) BEFORE INCOME TAXES (77,330) 125,457  
Depreciation and amortization 16,644 3,484  
Total assets 22,077,907 20,100,419 $ 21,788,946
Interest Income, Operating 13,873 12,661  
Interest expense (32,830) (34,366)  
Operating Segments      
REVENUES      
Gain on sale and other income from loans held for sale, net 123,059 291,546  
Net fair value gains on loans and related obligations 6,445 76,630  
Fee income 169,800 154,759  
Net interest income (expense) (12,348) (13,961)  
TOTAL REVENUES 286,956 508,974  
Total expenses 328,516 348,706  
Other, net 5,029 1,080  
NET INCOME (LOSS) BEFORE INCOME TAXES (36,531) 161,348  
Depreciation and amortization 16,135 3,113  
Total assets 22,057,588 20,047,170  
Interest Income, Operating 13,779 12,649  
Interest expense (26,127) (26,610)  
Corporate and Other      
REVENUES      
Fee income 0 0  
Net interest income (expense) (6,609) (7,744)  
TOTAL REVENUES (6,609) (7,744)  
Total expenses 34,038 18,683  
Other, net (152) (9,464)  
NET INCOME (LOSS) BEFORE INCOME TAXES (40,799) (35,891)  
Depreciation and amortization 509 371  
Total assets 1,755,154 379,562  
Interest Income, Operating 94 12  
Interest expense (6,703) (7,756)  
Elim      
REVENUES      
Gain on sale and other income from loans held for sale, net (4,707) (212)  
Net fair value gains on loans and related obligations 3,990 33  
Fee income (12,196) 6,612  
TOTAL REVENUES (12,913) 6,433  
Total expenses (13,018) 5,925  
Other, net (105) (508)  
Depreciation and amortization 0 0  
Total assets (1,734,835) (326,313)  
Mortgage Originations | Operating Segments      
REVENUES      
Gain on sale and other income from loans held for sale, net 111,921 286,481  
Net fair value gains on loans and related obligations 0 0  
Fee income 20,149 32,731  
Net interest income (expense) 3,201 891  
TOTAL REVENUES 135,271 320,103  
Total expenses 156,783 224,246  
NET INCOME (LOSS) BEFORE INCOME TAXES (21,512) 95,857  
Depreciation and amortization 2,820 1,423  
Total assets 1,761,388 2,425,529  
Interest Income, Operating 12,572 12,483  
Interest expense (9,371) (11,592)  
Reverse Originations | Operating Segments      
REVENUES      
Net fair value gains on loans and related obligations 105,755 68,449  
Fee income 1,816 524  
TOTAL REVENUES 107,571 68,973  
Total expenses 43,179 23,693  
Other, net 3,214 34  
NET INCOME (LOSS) BEFORE INCOME TAXES 67,606 45,314  
Depreciation and amortization 9,598 151  
Total assets 416,127 35,861  
Commercial Originations | Operating Segments      
REVENUES      
Net fair value gains on loans and related obligations 3,475 5,431  
Fee income 17,158 8,930  
TOTAL REVENUES 20,633 14,361  
Total expenses 23,087 13,391  
Other, net 124 149  
NET INCOME (LOSS) BEFORE INCOME TAXES (2,330) 1,119  
Depreciation and amortization 514 125  
Total assets 26,752 82,375  
Lender Services | Operating Segments      
REVENUES      
Gain on sale and other income from loans held for sale, net 210 0  
Net fair value gains on loans and related obligations 0 0  
Fee income 76,152 76,383  
Net interest income (expense) 127 (36)  
TOTAL REVENUES 76,489 76,347  
Total expenses 70,756 62,970  
Other, net 1,664 2  
NET INCOME (LOSS) BEFORE INCOME TAXES 7,397 13,379  
Depreciation and amortization 3,112 1,268  
Total assets 224,673 125,317  
Interest Income, Operating 160 28  
Interest expense (33) (64)  
Portfolio Management      
REVENUES      
Gain on sale and other income from loans held for sale, net 10,928 5,065  
Net fair value gains on loans and related obligations   2,750  
Portfolio Management | Operating Segments      
REVENUES      
Net fair value gains on loans and related obligations (102,785)    
Fee income 54,525 36,191  
Net interest income (expense) (15,676) (14,816)  
TOTAL REVENUES (53,008) 29,190  
Total expenses 34,711 24,406  
Other, net 27 895  
NET INCOME (LOSS) BEFORE INCOME TAXES (87,692) 5,679  
Depreciation and amortization 91 146  
Total assets 19,628,648 17,378,088  
Interest Income, Operating 1,047 138  
Interest expense $ (16,723) $ (14,954)