Quarterly report pursuant to Section 13 or 15(d)

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

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SEGMENTS - Summary of Financial Performance and Results by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Loan origination fees and gain on sale of loans, net $ 92,651 $ 242,639
Loan servicing and other fees 60,087 53,177
Valuation adjustment of mortgage servicing rights (54,871) 184,601
Interest income (expense) 5,983 1,125
Other income, net 35 220
Net revenue 103,885 481,762
Expenses    
Salaries, incentive compensation and benefits 111,120 187,329
General And Administrative Expense (Recoveries) 20,883 (5,630)
Occupancy, equipment and communication 17,430 18,312
Depreciation and amortization 3,738 3,913
Provision (reversal) for foreclosure losses 1,514 (321)
Income tax (benefit) expense (13,605) 70,186
Net (loss) income (37,195) 207,973
Operating Segments    
Revenue    
Loan origination fees and gain on sale of loans, net 92,651 242,639
Loan servicing and other fees 60,087 53,177
Valuation adjustment of mortgage servicing rights (54,871) 184,601
Interest income (expense) 8,710 2,850
Other income, net 50 19
Net revenue 106,627 483,286
Expenses    
Salaries, incentive compensation and benefits 100,831 181,584
General And Administrative Expense (Recoveries) 17,374 (9,043)
Occupancy, equipment and communication 16,432 17,211
Depreciation and amortization 3,541 3,643
Provision (reversal) for foreclosure losses 1,514 (321)
Income tax (benefit) expense 0 0
Net (loss) income (33,065) 290,212
All Other    
Revenue    
Loan origination fees and gain on sale of loans, net 0 0
Loan servicing and other fees 0 0
Valuation adjustment of mortgage servicing rights 0 0
Interest income (expense) (2,727) (1,725)
Other income, net (15) 201
Net revenue (2,742) (1,524)
Expenses    
Salaries, incentive compensation and benefits 10,289 5,745
General And Administrative Expense (Recoveries) 3,509 3,413
Occupancy, equipment and communication 998 1,101
Depreciation and amortization 197 270
Provision (reversal) for foreclosure losses 0 0
Income tax (benefit) expense (13,605) 70,186
Net (loss) income (4,130) (82,239)
Origination | Operating Segments    
Revenue    
Loan origination fees and gain on sale of loans, net 92,276 238,521
Loan servicing and other fees 0 0
Valuation adjustment of mortgage servicing rights 0 0
Interest income (expense) 1,300 7,117
Other income, net (2) 0
Net revenue 93,574 245,638
Expenses    
Salaries, incentive compensation and benefits 93,257 174,326
General And Administrative Expense (Recoveries) 14,494 (11,711)
Occupancy, equipment and communication 15,174 16,107
Depreciation and amortization 3,399 3,481
Provision (reversal) for foreclosure losses 0 0
Income tax (benefit) expense 0 0
Net (loss) income (32,750) 63,435
Servicing | Operating Segments    
Revenue    
Loan origination fees and gain on sale of loans, net 375 4,118
Loan servicing and other fees 60,087 53,177
Valuation adjustment of mortgage servicing rights (54,871) 184,601
Interest income (expense) 7,410 (4,267)
Other income, net 52 19
Net revenue 13,053 237,648
Expenses    
Salaries, incentive compensation and benefits 7,574 7,258
General And Administrative Expense (Recoveries) 2,880 2,668
Occupancy, equipment and communication 1,258 1,104
Depreciation and amortization 142 162
Provision (reversal) for foreclosure losses 1,514 (321)
Income tax (benefit) expense 0 0
Net (loss) income $ (315) $ 226,777