Guild Holdings Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segments - Summary of Financial Performance and Results by Segment (Details)

Segments - Summary of Financial Performance and Results by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue
Loan origination fees and gain on sale of loans, net	$ 565,009	$ 270,093			$ 1,298,302	$ 597,596
Loan servicing and other fees	40,159	36,540			116,469	104,977
Valuation adjustment of mortgage servicing rights	(41,006)	(90,968)			(245,816)	(251,190)
Interest income (expense)	(583)	2,108			(1,075)	4,302
Other income (expense)	(35)	5			(39)	1,186
Net revenue	563,544	217,778			1,167,841	456,871
Expenses
Salaries, incentive compensation and benefits	273,560	176,716			650,458	418,032
General and administrative	27,271	18,497			75,463	47,121
Occupancy, equipment and communication	14,317	13,421			41,272	40,363
Depreciation and amortization	1,540	1,812			4,686	5,636
Provision for foreclosure losses	547	1,497			2,407	2,271
Income tax expense (benefit)	64,223	(2,661)			100,688	(18,050)
Net income (loss)	182,086	8,496	$ 110,781	$ (46,998)	292,867	(38,502)
Reportable Segments
Revenue
Loan origination fees and gain on sale of loans, net	565,009	270,093			1,298,302	597,596
Loan servicing and other fees	40,159	36,540			116,469	104,977
Valuation adjustment of mortgage servicing rights	(41,006)	(90,968)			(245,816)	(251,190)
Interest income (expense)	1,478	4,000			5,277	10,797
Other income (expense)	7	12			32	37
Net revenue	565,647	219,677			1,174,264	462,217
Expenses
Salaries, incentive compensation and benefits	249,800	170,766			609,060	408,894
General and administrative	25,492	16,698			69,612	42,054
Occupancy, equipment and communication	12,302	12,121			37,672	37,039
Depreciation and amortization	1,280	1,665			4,095	5,154
Provision for foreclosure losses	547	1,497			2,407	2,271
Net income (loss)	276,226	16,930			451,418	(33,195)
Reportable Segments \| Production
Revenue
Loan origination fees and gain on sale of loans, net	563,162	269,382			1,293,621	594,864
Interest income (expense)	3,864	2,303			10,274	9,107
Other income (expense)	7	12			32	37
Net revenue	567,033	271,697			1,303,927	604,008
Expenses
Salaries, incentive compensation and benefits	244,787	166,909			594,830	397,594
General and administrative	22,432	14,527			59,579	34,805
Occupancy, equipment and communication	10,721	10,988			34,876	35,033
Depreciation and amortization	1,165	1,588			3,766	4,923
Net income (loss)	287,928	77,685			610,876	131,653
Reportable Segments \| Servicing
Revenue
Loan origination fees and gain on sale of loans, net	1,847	711			4,681	2,732
Loan servicing and other fees	40,159	36,540			116,469	104,977
Valuation adjustment of mortgage servicing rights	(41,006)	(90,968)			(245,816)	(251,190)
Interest income (expense)	(2,386)	1,697			(4,997)	1,690
Net revenue	(1,386)	(52,020)			(129,663)	(141,791)
Expenses
Salaries, incentive compensation and benefits	5,013	3,857			14,230	11,300
General and administrative	3,060	2,171			10,033	7,249
Occupancy, equipment and communication	1,581	1,133			2,796	2,006
Depreciation and amortization	115	77			329	231
Provision for foreclosure losses	547	1,497			2,407	2,271
Net income (loss)	(11,702)	(60,755)			(159,458)	(164,848)
All Other
Revenue
Interest income (expense)	(2,061)	(1,892)			(6,352)	(6,495)
Other income (expense)	(42)	(7)			(71)	1,149
Net revenue	(2,103)	(1,899)			(6,423)	(5,346)
Expenses
Salaries, incentive compensation and benefits	23,760	5,950			41,398	9,138
General and administrative	1,779	1,799			5,851	5,067
Occupancy, equipment and communication	2,015	1,300			3,600	3,324
Depreciation and amortization	260	147			591	482
Income tax expense (benefit)	64,223	(2,661)			100,688	(18,050)
Net income (loss)	$ (94,140)	$ (8,434)			$ (158,551)	$ (5,307)