Guild (GHLD) 10-Q 12 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Nov. 05, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-39645
Entity Registrant Name	GUILD HOLDINGS COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-2453154
Entity Address, Address Line One	5887 Copley Drive
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92111
City Area Code	858
Local Phone Number	560-6330
Title of 12(b) Security	Class A common stock, $0.01 par value per share
Trading Symbol	GHLD
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001821160
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		20,723,912
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		40,333,019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 302,931	$ 334,623
Restricted cash	6,022	5,010
Mortgage loans held for sale	2,139,346	2,368,777
Ginnie Mae loans subject to repurchase right	913,438	1,275,842
Accounts and interest receivable	52,180	43,390
Derivative asset	55,792	130,338
Mortgage servicing rights, net	625,149	446,998
Intangible assets, net	43,013	0
Goodwill	175,144	62,834
Other assets	171,317	150,275
Total assets	4,484,332	4,818,087
Liabilities and stockholders’ equity
Warehouse lines of credit	1,907,995	2,143,443
Notes payable	165,259	145,750
Ginnie Mae loans subject to repurchase right	913,438	1,277,026
Accounts payable and accrued expenses	66,047	41,074
Accrued compensation and benefits	81,003	106,313
Investor reserves	18,665	14,535
Income taxes payable	0	19,454
Contingent liabilities due to acquisitions	77,189	18,094
Derivative liability	0	38,270
Operating lease liabilities	98,485	94,891
Note due to related party	3,126	4,639
Deferred compensation plan	98,787	89,236
Deferred tax liability	116,823	89,370
Total liabilities	3,546,817	4,082,095
Commitments and contingencies (Note 15)
Stockholders’ equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding	0	0
Additional paid-in capital	39,321	18,035
Retained earnings	897,584	717,357
Total stockholders’ equity	937,515	735,992
Total liabilities and stockholders’ equity	4,484,332	4,818,087
Class A Common Stock
Stockholders’ equity
Common stock	207	197
Class B Common Stock
Stockholders’ equity
Common stock	$ 403	$ 403

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares, issued (in shares)	0	0
Preferred stock, shares, outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares, issued (in shares)	20,663,625	19,666,981
Common stock, shares, outstanding (in shares)	20,663,625	19,666,981
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares, issued (in shares)	40,333,019	40,333,019
Common stock, shares, outstanding (in shares)	40,333,019	40,333,019

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue
Loan origination fees and gain on sale of loans, net	$ 396,961	$ 565,009	$ 1,174,308	$ 1,298,302
Loan servicing and other fees	50,248	40,159	143,099	116,469
Valuation adjustment of mortgage servicing rights	(35,535)	(41,006)	(84,581)	(245,816)
Interest income	16,652	14,905	46,386	41,854
Interest expense	(15,310)	(15,488)	(46,030)	(42,929)
Other income, net	(59)	(35)	71	(39)
Net revenue	412,957	563,544	1,233,253	1,167,841
Expenses
Salaries, incentive compensation and benefits	270,894	273,560	770,181	650,458
General and administrative	24,807	27,255	83,508	75,447
Occupancy, equipment and communication	18,014	14,315	47,508	41,515
Depreciation and amortization	4,107	1,822	7,369	5,515
Provision for foreclosure losses	(2,325)	547	(306)	2,407
Total expenses	315,497	317,499	908,260	775,342
Income before income tax expense	97,460	246,045	324,993	392,499
Income tax expense	25,364	64,223	83,355	100,688
Net income	$ 72,096	$ 181,822	$ 241,638	$ 291,811
Net income per share attributable to Class A and Class B Common Stock:
Basic (in dollars per share)	$ 1.18		$ 4.01
Diluted (in dollars per share)	$ 1.17		$ 3.99
Weighted average shares outstanding of Class A and Class B Common Stock:
Basic (in shares)	60,986		60,332
Diluted (in shares)	61,400		60,618

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (unaudited) - USD ($) $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Common​ Stock	Common​ StockClass A Common Stock	Common​ StockClass B Common Stock	Additional Paid-In Capital	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2019				928
Beginning balance at Dec. 31, 2019	$ 406,031			$ 93			$ 21,992	$ 383,946
Common stock dividends	(10,000)							(10,000)
Net income (loss)	(12,986)							(12,986)
Ending balance (in shares) at Mar. 31, 2020				928
Ending balance at Mar. 31, 2020	383,045			$ 93			21,992	360,960
Beginning balance (in shares) at Dec. 31, 2019				928
Beginning balance at Dec. 31, 2019	406,031			$ 93			21,992	383,946
Net income (loss)	291,811
Ending balance (in shares) at Sep. 30, 2020				928
Ending balance at Sep. 30, 2020	687,842			$ 93			21,992	665,757
Beginning balance (in shares) at Mar. 31, 2020				928
Beginning balance at Mar. 31, 2020	383,045			$ 93			21,992	360,960
Net income (loss)	122,975							122,975
Ending balance (in shares) at Jun. 30, 2020				928
Ending balance at Jun. 30, 2020	506,020			$ 93			21,992	483,935
Net income (loss)	181,822							181,822
Ending balance (in shares) at Sep. 30, 2020				928
Ending balance at Sep. 30, 2020	687,842			$ 93			21,992	665,757
Beginning balance (in shares) at Dec. 31, 2020		19,666,981	40,333,019		19,666,981	40,333,019
Beginning balance at Dec. 31, 2020	735,992				$ 197	$ 403	18,035	717,357
Stock-based compensation	1,632						1,632
Net income (loss)	160,604							160,604
Ending balance (in shares) at Mar. 31, 2021					19,666,981	40,333,019
Ending balance at Mar. 31, 2021	898,228				$ 197	$ 403	19,667	877,961
Beginning balance (in shares) at Dec. 31, 2020		19,666,981	40,333,019		19,666,981	40,333,019
Beginning balance at Dec. 31, 2020	735,992				$ 197	$ 403	18,035	717,357
Net income (loss)	241,638
Ending balance (in shares) at Sep. 30, 2021		20,663,625	40,333,019		20,663,625	40,333,019
Ending balance at Sep. 30, 2021	937,515				$ 207	$ 403	39,321	897,584
Beginning balance (in shares) at Mar. 31, 2021					19,666,981	40,333,019
Beginning balance at Mar. 31, 2021	898,228				$ 197	$ 403	19,667	877,961
Common stock dividends	(60,000)							(60,000)
Dividend equivalents on unvested restricted stock units							1,447	(1,447)
Stock-based compensation	1,457						1,457
Net income (loss)	8,938							8,938
Ending balance (in shares) at Jun. 30, 2021					19,666,981	40,333,019
Ending balance at Jun. 30, 2021	848,623				$ 197	$ 403	22,571	825,452
Dividend equivalents on unvested restricted stock units							(36)	36
Issuance of Class A shares for acquisition of RMS (in shares)					996,644
Issuance of Class A shares for acquisition of RMS	15,289				$ 10		15,279
Stock-based compensation	1,507						1,507
Net income (loss)	72,096							72,096
Ending balance (in shares) at Sep. 30, 2021		20,663,625	40,333,019		20,663,625	40,333,019
Ending balance at Sep. 30, 2021	$ 937,515				$ 207	$ 403	$ 39,321	$ 897,584

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in dollars per share)	$ 1	$ 10,772

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities
Net income (loss)	$ 241,638	$ 291,811
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	7,369	5,515
Valuation adjustment of mortgage servicing rights	84,581	245,816
Valuation adjustment of mortgage loans held for sale	59,040	(52,904)
Unrealized loss (gain) on derivatives	52,758	(160,167)
Amortization of right-of-use assets	11,619	15,856
Provision for investor reserves	7,581	10,009
Provision for foreclosure losses	(306)	2,407
Valuation adjustment of contingent liabilities due to acquisitions	18,587	27,905
Gain on sale of mortgage loans excluding fair value of other financial instruments, net	(1,019,439)	(897,467)
Deferred income taxes	11,222	20,031
Other	2,533	(1,223)
Benefit from investor reserves	(4,958)	(7,289)
Foreclosure loss reserve	(1,427)	(2,362)
Stock-based compensation	4,596	0
Changes in operating assets and liabilities:
Origination of mortgage loans held for sale	(28,192,471)	(24,657,750)
Proceeds on sale of and payments from mortgage loans held for sale	29,847,321	24,873,813
Accounts and interest receivable	(5,955)	4,659
Other assets	(7,901)	(8,207)
Mortgage servicing rights	(257,917)	(219,605)
Accounts payable and accrued expenses	(1,620)	33,824
Accrued compensation and benefits	(36,938)	40,464
Income taxes	(24,595)	14,922
Contingent liability payments	(23,448)	(7,552)
Operating lease liabilities	(8,766)	(13,057)
Deferred compensation plan liability	6,038	22,683
Real estate owned, net	171	142
Net cash provided by (used in) operating activities	769,313	(417,726)
Cash flows from investing activities
Acquisition of business, net of cash acquired	(86,864)	0
Proceeds from the sale of property and equipment	115	35
Purchase of property and equipment	(3,538)	(6,988)
Payment made on behalf of affiliate	0	(12,035)
Net cash used in investing activities	(90,287)	(18,988)
Cash flows from financing activities
Borrowings on warehouse lines of credit	27,415,569	24,083,543
Repayments on warehouse lines of credit	(28,082,761)	(23,473,255)
Borrowings on MSR notes payable	23,500	67,000
Repayments on MSR notes payable	(4,250)	(77,000)
Contingent liability payments	0	(6,336)
Net change in notes payable	(1,764)	(1,670)
Dividends paid	(60,000)	(10,000)
Net cash (used in) provided by financing activities	(709,706)	582,282
(Decrease) increase in cash, cash equivalents and restricted cash	(30,680)	145,568
Cash, cash equivalents and restricted cash, beginning of period	339,633	106,735
Cash, cash equivalents and restricted cash, end of period	308,953	252,303
Cash, cash equivalents and restricted cash at end of period are comprised of the following:
Cash and cash equivalents	302,931	247,293
Restricted cash	6,022	5,010
Total cash, cash equivalents and restricted cash	308,953	252,303
Supplemental information
Cash paid for interest, net	33,947	31,567
Cash paid for income taxes, net of refunds	$ 96,717	$ 15,525

Business, Basis of Presentation

Business, Basis of Presentation, and Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Business, Basis of Presentation, and Accounting Policies	BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES Guild Holdings Company, including our consolidated subsidiaries (collectively, “Guild”, the “Company”, “we”, “us” or “our”) originates, sells, and services residential mortgage loans within the United States. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with U.S. generally accepted accounting principles (“GAAP”) applicable to interim financial statements. These unaudited condensed consolidated financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results of the interim period. The condensed consolidated balance sheet data as of December 31, 2020 was derived from audited financial statements but does not include all disclosures required by GAAP. These unaudited condensed consolidated financial statements should be read in conjunction with our consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2020. The Company follows the same accounting policies for preparing quarterly and annual reports. Certain reclassifications have been made to the presentation of prior periods for consistency and comparability with the current year's presentation. These reclassifications did not have any effect on the Company's financial condition, operating results, cash flows or stockholders' equity. Principles of Consolidation The Company has one wholly owned subsidiary, Guild Mortgage Company LLC ("GMC"), which through its direct subsidiaries, conducts the Company’s mortgage banking operations. GMC wholly owns Guild Administration Corp., Mission Village Insurance Agency, Guild Insurance, LLC, Guild Financial Express, Inc. and Residential Mortgage Services Holdings, Inc. All intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although management is not currently aware of any factors that would significantly change its estimates and assumptions, actual results could materially differ from those estimates. In March 2020, the World Health Organization (“WHO”) declared the outbreak of a novel coronavirus (“COVID-19”) as a pandemic, which has presented a substantial public health challenge throughout the United States. The Company remains fully functional in both its origination and servicing operations. The Company continues to monitor guidance published by the WHO, Centers for Disease Control and Prevention, local and federal government agencies and the Mortgage Bankers Association and is in continual communication with its investors regarding the developments in the mortgage industry. Intangible Assets Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives in a manner that best reflects their economic benefit. All intangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying amount of such assets may not be recoverable. Earnings Per Share The Company determines earnings per share in accordance with the authoritative guidance in Accounting Standards Codification ("ASC") 260, Earnings Per Share . Basic earnings per share is computed by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding during the period using the two-class method. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to assume the issuance of potentially dilutive shares using the treasury stock method, unless the effect of such increase would be anti-dilutive. Under the treasury stock method, the average amount of compensation cost for future service that the Company has not yet recognized is assumed to be used to repurchase shares. Stock-Based Compensation Stock-based compensation expense is measured at the grant date based on the fair value of the award and is recognized as an expense on a straight-line basis over the requisite service period, which is generally the vesting period. The fair value of restricted stock units (“RSUs”) is based on the value of the Company’s common stock on the date of grant. Stock-based compensation is included in salaries, incentive compensation and benefits. See Note 14 for additional information regarding our stock-based compensation. Escrow and Fiduciary Funds As a loan servicer, the Company maintains segregated bank accounts in trust for investors and escrow balances for mortgagors, which are excluded from the Company’s Condensed Consolidated Balance Sheets. These accounts totaled $1.6 billion and $1.7 billion at September 30, 2021 and December 31, 2020, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Inputs used to measure fair value are prioritized within a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The categorization of assets and liabilities measured at fair value within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The three levels of inputs used to measure fair value are as follows: • Level One - Level One inputs are unadjusted, quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. • Level Two - Level Two inputs are observable for that asset or liability, either directly or indirectly, and include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, observable inputs for the asset or liability other than quoted prices and inputs derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified contractual term, the inputs must be observable for substantially the full term of the asset or liability. • Level Three - Level Three inputs are unobservable inputs for the asset or liability that reflect the Company’s assessment of the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, and are developed based on the best information available. The Company updates the valuation of each instrument recorded at fair value on a monthly or quarterly basis, evaluating all available observable information which may include current market prices or bids, recent trade activity, changes in the levels of market activity and benchmarking of industry data. The assessment also includes consideration of identifying the valuation approach that would be used currently by market participants. If it is determined that a change in valuation technique or its application is appropriate, or if there are other changes in availability of observable data or market activity, the current methodology will be analyzed to determine if a transfer between levels of the valuation hierarchy is appropriate. Such reclassifications are reported as transfers into or out of a level as of the beginning of the quarter that the change occurs. Fair value is based on quoted market prices, when available. If quoted prices are not available, fair value is estimated based upon other observable inputs. Unobservable inputs are used when observable inputs are not available and are based upon judgments and assumptions, which are the Company’s assessment of the assumptions market participants would use in pricing the asset or liability. These inputs may include assumptions about risk, counterparty credit quality, the Company’s creditworthiness and liquidity and are developed based on the best information available. When a determination is made to classify an asset or liability within Level Three of the valuation hierarchy, the determination is based upon the significance of the unobservable factors to the overall fair value measurement of the asset or liability. The fair value of assets and liabilities classified within Level Three of the valuation hierarchy also typically includes observable factors and the realized or unrealized gain or loss recorded from the valuation of these instruments would also include amounts determined by observable factors. Recurring Fair Value Measurements The Company’s fair value measurements are evaluated within the fair value hierarchy, based on the nature of the inputs used to determine the fair value at the measurement date. At September 30, 2021 and December 31, 2020, the Company had the following assets and liabilities that are measured at fair value on a recurring basis: Trading Securities — Trading securities are classified within Level One of the valuation hierarchy. Valuation is based upon quoted prices for identical instruments traded in active markets. Level One trading securities include securities traded on active exchange markets, such as the New York Stock Exchange. Trading securities are included within prepaid expenses and other assets in the Condensed Consolidated Balance Sheets. Derivative Instruments — Derivative instruments are classified within Level Two and Level Three of the valuation hierarchy, and include the following: Interest Rate Lock Commitments — IRLCs are classified within Level Three of the valuation hierarchy. IRLCs represent an agreement to extend credit to a mortgage loan applicant, or an agreement to purchase a loan from a third-party originator, whereby the interest rate on the loan is set prior to funding. The fair value of IRLCs is based upon the estimated fair value of the underlying mortgage loan, including the expected net future cash flows related to servicing the mortgage loan, net of estimated incentive compensation expenses, and adjusted for: (i) estimated costs to complete and originate the loan and (ii) an adjustment to reflect the estimated percentage of IRLCs that will result in a closed mortgage loan under the original terms of the agreement (pull-through rate). The pull-through rate is considered a significant unobservable input and is estimated based on changes in pricing and actual borrower behavior using a historical analysis of loan closing and fallout data. The average pull-through rate used to calculate the fair value of IRLCs as of September 30, 2021 and December 31, 2020, was 91.1% and 87.8%, respectively. On a quarterly basis, actual loan pull-through rates are compared to the modeled estimates to confirm the assumptions are reflective of current trends. Generally, a change in interest rates is accompanied by a directionally opposite change in the assumption used for the pull-through percentage, and the impact to fair value of a change in pull-through would be partially offset by the related change in price. Forward Delivery Commitments — Forward delivery commitments are classified within Level Two of the valuation hierarchy. Forward delivery commitments fix the forward sales price that will be realized upon the sale of mortgage loans into the secondary market. The fair value of forward delivery commitments is primarily based upon the current agency mortgage-backed security market to-be-announced pricing specific to the loan program, delivery coupon and delivery date of the trade. Best efforts sales commitments are also entered into for certain loans at the time the borrower commitment is made. These best-efforts sales commitments are valued using the committed price to the counterparty against the current market price of the IRLC or mortgage loan held for sale. Option contracts are a type of forward commitment that represents the rights to buy or sell mortgage-backed securities at specified prices in the future. Their value is based upon the underlying current to-be-announced pricing of the agency mortgage-backed security market, and market-based volatility. See Note 6 for additional information on the derivative instruments. Mortgage Loans Held for Sale — MLHS are carried at fair value. The fair value of MLHS is based on secondary market pricing for loans with similar characteristics, and as such, is classified as a Level Two measurement. For Level Two MLHS, fair value is estimated through a market approach by using either: (i) the fair value of securities backed by similar mortgage loans, adjusted for certain factors to approximate the fair value of a whole mortgage loan, including the value attributable to servicing rights and credit risk, (ii) current commitments to purchase loans or (iii) recent observable market trades for similar loans, adjusted for credit risk and other individual loan characteristics. The agency mortgage-backed security market is a highly liquid and active secondary market for conforming conventional loans whereby quoted prices exist for securities at the pass-through level and are published on a regular basis. The Company has the ability to access this market and it is the market into which conforming mortgage loans are typically sold. Mortgage Servicing Rights — MSRs are classified within Level Three of the valuation hierarchy due to the use of significant unobservable inputs and the lack of an active market for such assets. The fair value of MSRs is estimated based upon projections of expected future cash flows considering prepayment estimates, the Company’s historical prepayment rates, portfolio characteristics, interest rates based on interest rate yield curves, implied volatility, costs to service and other economic factors. The Company obtains valuations from an independent third party on a monthly basis, and records an adjustment based on this third-party valuation. See Note 7 for additional information on our MSRs. Contingent Liabilities due to acquisitions — Contingent liabilities represent future obligations of the Company to make payments to the former owners of its acquired companies. The Company determines the fair value of its contingent liabilities using a discounted cash flow approach whereby the Company forecasts the cash outflows related to the future payments, which are based on a percentage of net income specified in the purchase agreements. The Company then discounts these expected payment amounts to calculate the present value, or fair value, as of the valuation date. The Company’s management evaluates the underlying projections used in determining fair value each period and makes updates to these underlying projections. The Company uses a risk-adjusted discount rate to value the contingent liabilities which is considered a significant unobservable input, and as such, the liabilities are classified as a Level Three measurement. Management’s underlying projections adjust for market penetration and other economic expectations, and the discount rate is risk-adjusted for key factors such as uncertainty in the mortgage banking industry due to its reliance on external influences (interest rates, regulatory changes, etc.), upfront payments, and credit risk. An increase in the discount rate will result in a decrease in the fair value of the contingent liabilities. Conversely, a decrease in the discount rate will result in an increase in the fair value of the contingent liabilities. At September 30, 2021 and December 31, 2020, the range of the risk adjusted discount rate was 15.0% - 19.2%, with a median of 18.9%, and 15.0% - 20.0%, with a median of 15.0%, respectively. Adjustments to the fair value of the contingent liabilities (other than payments) are recorded as a gain or loss and are included within general and administrative expenses in the Condensed Consolidated Statements of Income. The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2021: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 104 $ — $ — $ 104 Derivative Forward delivery commitments — 20,071 — 20,071 Interest rate lock commitments — — 35,721 35,721 Mortgage loans held for sale — 2,139,346 — 2,139,346 Mortgage servicing rights — — 625,149 625,149 Total assets at fair value $ 104 $ 2,159,417 $ 660,870 $ 2,820,391 Liabilities: Derivative Contingent liabilities due to acquisitions $ — $ — $ 77,189 $ 77,189 Total liabilities at fair value $ — $ — $ 77,189 $ 77,189 The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2020: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 78 $ — $ — $ 78 Derivative Interest rate lock commitments — — 130,338 130,338 Mortgage loans held for sale — 2,368,777 — 2,368,777 Mortgage servicing rights — — 446,998 446,998 Total assets at fair value $ 78 $ 2,368,777 $ 577,336 $ 2,946,191 Liabilities: Derivative Forward delivery commitments $ — $ 38,270 $ — $ 38,270 Contingent liabilities due to acquisitions — — 18,094 18,094 Total liabilities at fair value $ — $ 38,270 $ 18,094 $ 56,364 The table below presents a reconciliation of Level Three assets and liabilities measured at fair value on a recurring basis for the three and nine months ended September 30, 2021 and 2020: IRLCs Contingent Balance at June 30, 2021 $ 44,486 $ 20,416 Net transfers and revaluation gains (8,765) — Payments — (12,656) Additions — 63,956 Valuation adjustments — 5,473 Balance at September 30, 2021 $ 35,721 $ 77,189 Balance at December 31, 2020 $ 130,338 $ 18,094 Net transfers and revaluation gains (94,617) — Payments — (23,448) Additions — 63,956 Valuation adjustments — 18,587 Balance at September 30, 2021 $ 35,721 $ 77,189 Balance at June 30, 2020 $ 141,629 $ 22,952 Net transfers and revaluation gains 44,387 — Payments — (8,742) Valuation adjustments — 7,880 Balance at September 30, 2020 $ 186,016 $ 22,090 Balance at December 31, 2019 $ 19,922 $ 8,073 Net transfers and revaluation gains 166,094 — Payments — (13,888) Valuation adjustments — 27,905 Balance at September 30, 2020 $ 186,016 $ 22,090 Changes in the availability of observable inputs may result in reclassifications of certain assets or liabilities. Such reclassifications are reported as transfers in or out of Level Three as of the beginning of the period that the change occurs. There were no transfers between fair value levels during the three and nine months ended September 30, 2021 and 2020. Non-Recurring Fair Value Measurements Certain assets and liabilities that are not typically measured at fair value on a recurring basis may be subject to fair value measurement requirements under certain circumstances. These adjustments to fair value usually result from write-downs of individual assets. At September 30, 2021 and December 31, 2020, the Company had the following financial asset measured at fair value on a non-recurring basis: Ginnie Mae Loans subject to Repurchase Right — Government National Mortgage Association ("GNMA" or "Ginnie Mae") securitization programs allow servicers to buy back individual delinquent mortgage loans from the securitized loan pool once certain conditions are met. If a borrower makes no payment for three consecutive months, the servicer has the option to repurchase the delinquent loan for an amount equal to 100% of the loan’s remaining principal balance. Under ASC 860, Transfers and Servicing , this buy-back option is considered a conditional option until the delinquency criteria are met, at which time the option becomes unconditional. The Company records these assets and liabilities at their fair value, which is determined to be the remaining unpaid principal balance. The Company’s future expected realizable cash flows are the cash payments of the remaining unpaid principal balance whether paid by the borrower or reimbursed through a claim filed with the United States Department of Housing and Urban Development ("HUD"). The Company considers the fair value of these assets and liabilities to fall into the Level Two bucket in the valuation hierarchy due to the assets and liabilities having specified contractual terms and the inputs are observable for substantially the full term of the assets' and liabilities' lives. The following table summarizes the Company’s financial assets measured at fair value on a non-recurring basis at September 30, 2021: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 913,438 $ — $ 913,438 Total assets at fair value $ — $ 913,438 $ — $ 913,438 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 913,438 $ — $ 913,438 Total liabilities at fair value $ — $ 913,438 $ — $ 913,438 The following table summarizes the Company’s financial assets measured at fair value on a non-recurring basis at December 31, 2020: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 1,275,842 $ — $ 1,275,842 Total assets at fair value $ — $ 1,275,842 $ — $ 1,275,842 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 1,277,026 $ — $ 1,277,026 Total liabilities at fair value $ — $ 1,277,026 $ — $ 1,277,026 Fair Value Option The following is the estimated fair value and unpaid principal balance of MLHS that have contractual principal amounts and for which the Company has elected the fair value option. The fair value option was elected for MLHS as the Company believes fair value best reflects their expected future economic performance: Fair Value Principal Difference (1) Balance at September 30, 2021 $ 2,139,346 $ 2,110,692 $ 28,654 Balance at December 31, 2020 $ 2,368,777 $ 2,293,895 $ 74,882 _______________________________ (1) Represents the amount of gains included in loan origination fees and gain on sale of loans, net due to changes in fair value of items accounted for using the fair value option.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Acquisitions	ACQUISITION On July 1, 2021, the Company completed the previously announced acquisition of Residential Mortgage Services Holdings, Inc. ("RMS"). RMS is an independent retail mortgage lender focused in the Northeast. This strategic acquisition expanded Guild’s presence in this region and added experienced loan officers to Guild’s sales force. The acquisition was accounted for in accordance with ASC 805 (“ASC 805”) “ Business Combinations ”, whereby the purchase price paid was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed from RMS based on their estimated fair values as of the closing date. Certain amounts are provisional and are subject to change, including final working capital adjustments and goodwill. Total consideration for the acquisition was approximately $265.0 million. The acquisition was financed with a combination of $185.8 million in cash and the issuance of 996,644 shares of the Company’s Class A common stock. Additionally, RMS shareholders are entitled to contingent consideration based on net income from RMS branch locations for three years following June 1, 2021. These contingent consideration payments will be calculated and paid based on rolling 12-month periods commencing as of June 1, 2021 and ending on the first anniversary of such date, and thereafter on consecutive 12-month periods. The fair value of the contingent consideration payments on the acquisition date was $64.0 million and was determined utilizing a Monte Carlo model based on estimated future revenues and volatility factors, among other variables and estimates, and has no maximum payment. The contingent consideration payments to the RMS shareholders are not capped; therefore there is no pre-determined upper bound to the undiscounted range and an estimate of the range of outcomes cannot be estimated. The purchase price allocation provided in the table below reflects the preliminary determination of the fair value of assets acquired and liabilities assumed in the acquisition of RMS, with the excess of total consideration over total identifiable net assets recorded as goodwill. Goodwill in the amount of $112.3 million is primarily attributable to the assembled workforce and future growth expected after the acquisition date and will not be deductible for income tax purposes. Goodwill recognized was assigned to our Origination segment. Transaction costs associated with the RMS acquisition were approximately $5.2 million and were expensed as incurred within general and administrative expenses in the Condensed Consolidated Statements of Income. The following summarizes the estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date. These estimates of fair value of identifiable assets acquired and liabilities assumed are preliminary, pending completion of a valuation, and therefore are subject to revisions that may result in adjustments to the values presented below: Purchase price: Cash paid at closing of the transaction $ 185,786 Fair value of Class A common stock issued 15,289 Estimated fair value of contingent consideration 63,956 Total purchase price 265,031 Fair value of assets acquired: Cash, cash equivalents and restricted cash 85,559 Mortgage loans held for sale 465,020 Acquired intangible assets 45,000 Right-of-use assets 11,855 Other 35,213 Total assets acquired 642,647 Fair value of liabilities assumed: Warehouse lines of credit 431,175 Accounts payable and accrued expenses 26,960 Operating lease liabilities 12,959 Deferred taxes 16,231 Other 2,601 Total liabilities assumed 489,926 Fair value of net identifiable assets acquired 152,721 Goodwill $ 112,310 The fair value of the Company's Class A common stock issued was determined based on the closing market price of the Company's common shares on June 30, 2021, the last price prior to the close of the acquisition. The identifiable intangible assets of $45.0 million are subject to amortization. The following table summarizes the major classes of acquired intangible assets and their respective estimated fair values and estimated useful lives: Estimated Fair Value Estimated Useful Life (Years) Acquired intangible assets: Referral network $ 42,300 6 Non-compete agreements 2,700 3 Total acquired intangible assets $ 45,000 The amount of RMS' net revenue and net income since the July 1, 2021 acquisition date, included in our Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2021 were as follows: Net revenue $ 66,382 Net income $ 18,283 The following table presents the unaudited pro forma information assuming the acquisition of RMS occurred on January 1, 2020. The unaudited pro forma results reflect after-tax adjustments for amortization of acquired intangible assets and other immaterial adjustments for the effects of purchase accounting. The unaudited pro forma information is presented for information purposes only, and is not necessarily indicative of future operations or results had the acquisition been completed as of January 1, 2020: Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Net revenues $ 683,400 $ 1,406,989 Net income $ 223,524 $ 355,494

Accounts and Interest Receivabl

Accounts and Interest Receivable	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Accounts and Interest Receivable	ACCOUNTS AND INTEREST RECEIVABLE Accounts and interest receivable consisted of the following: September 30, 2021 December 31, 2020 Trust advances $ 28,570 $ 36,241 Foreclosure advances, net 14,399 2,894 Receivables related to loan sales 2,396 2,707 Other 6,815 1,548 Total accounts and interest receivable $ 52,180 $ 43,390 Management has established a foreclosure reserve for estimated uncollectible balances of the foreclosure and trust advances. Management believes that substantially all other accounts and interest receivable amounts are collectible and, accordingly, no allowance for doubtful accounts is necessary. The activity of the foreclosure loss reserve was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance — beginning of period $ 12,790 $ 8,342 $ 12,402 $ 7,869 Utilization of foreclosure reserve 204 (975) (1,427) (2,362) Provision (relieved) charged to operations (2,325) 547 (306) 2,407 Balance — end of period $ 10,669 $ 7,914 $ 10,669 $ 7,914

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2021
Other Assets [Abstract]
Other Assets	OTHER ASSETS Other assets consisted of the following: September 30, 2021 December 31, 2020 Prepaid expenses $ 19,698 $ 16,652 Company owned life insurance 37,437 29,910 Property and equipment, net 16,967 14,773 Right-of-use assets 87,145 87,508 Income tax receivable 9,630 — Real estate owned 189 1,354 Land 147 — Trading securities 104 78 Total other assets $ 171,317 $ 150,275 Property and equipment, net consisted of the following: September 30, 2021 December 31, 2020 Computer equipment $ 32,127 $ 22,946 Furniture and equipment 25,923 18,301 Leasehold improvements 15,836 12,307 Internal-use software in production 2,195 1,716 Internal-use software 7,402 5,639 Property and equipment, gross 83,483 60,909 Accumulated depreciation (66,516) (46,136) Property and equipment, net $ 16,967 $ 14,773 Depreciation and amortization expense for property and equipment was $2.1 million and $1.8 million for the three months ended September 30, 2021 and 2020, respectively and $5.4 million and $5.5 million for the nine months ended September 30, 2021 and 2020, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	DERIVATIVE FINANCIAL INSTRUMENTS The Company uses forward commitments in hedging the interest rate risk exposure on its fixed and adjustable rate commitments. The Company’s derivative instruments are not designated as hedging instruments for accounting purposes; therefore, changes in fair value are recognized in current period earnings. Realized and unrealized gains and losses from the Company's non-designated derivative instruments are included in loan origination fees and gain on sale of loans, net in the Condensed Consolidated Statements of Income. Changes in the fair value of the Company's derivative financial instruments are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Unrealized gains (losses) $ (4,153) $ 61,969 $ (52,758) $ 160,167 Notional and Fair Value The notional and fair value of derivative financial instruments not designated as hedging instruments were as follows at September 30, 2021 and December 31, 2020: Fair Value Notional Derivative Derivative Balance at September 30, 2021 IRLCs $ 3,992,088 $ 35,721 $ — Forward commitments $ 4,104,845 $ 20,071 $ — Balance at December 31, 2020 IRLCs $ 5,151,179 $ 130,338 $ — Forward commitments $ 5,480,491 $ — $ 38,270 The Company had an additional $868.3 million and $895.2 million of outstanding forward contracts and mandatory sell commitments, comprised of closed loans with equal and offsetting unpaid principal balance ("UPB") amounts allocated to them, at September 30, 2021 and December 31, 2020, respectively. The Company also had $710.4 million and $908.0 million in closed hedge instruments not yet settled at September 30, 2021 and December 31, 2020, respectively. See Note 2 for fair value disclosure of the derivative instruments. The following table presents the quantitative information about IRLCs and the fair value measurements: September 30, 2021 December 31, 2020 Unobservable Input Range (Weighted Average) Loan funding probability (“pull-through”) 0% -100% (91.1%) 0% - 100% (87.8%) Counterparty agreements for forward commitments contain master netting agreements. The master netting agreements contain a legal right to offset amounts due to and from the same counterparty. The Company incurred no credit losses due to nonperformance of any of its counterparties during the periods ended September 30, 2021 and 2020. The table below represents financial assets and liabilities that are subject to master netting arrangements categorized by financial instrument: Gross Gross Net September 30, 2021 Forward delivery commitments $ 22,088 $ (2,641) $ 19,447 Best efforts sales commitments 486 — 486 Margin calls 138 — 138 Total assets $ 22,712 $ (2,641) $ 20,071 December 31, 2020 Forward delivery commitments $ (54,419) $ 4,825 $ (49,594) Best efforts sales commitments (3,656) — (3,656) Margin calls 14,980 — 14,980 Total liabilities $ (43,095) $ 4,825 $ (38,270)

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
	Sep. 30, 2021
Transfers and Servicing [Abstract]
Mortgage Servicing Rights	MORTGAGE SERVICING RIGHTS The activity of mortgage servicing rights was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance — beginning of period $ 578,690 $ 336,687 $ 446,998 $ 418,402 MSRs originated and acquired through acquisitions 81,994 96,510 262,732 219,605 Changes in fair value: Due to collection/realization of cash flows (37,313) (31,540) (117,119) (85,270) Due to changes in valuation model inputs or assumptions 1,778 (9,466) 32,538 (160,546) Balance — end of period $ 625,149 $ 392,191 $ 625,149 $ 392,191 The following table presents the weighted average discount rate, prepayment speed and cost to service assumptions used to determine the fair value of MSRs: September 30, 2021 December 31, 2020 Unobservable Input Range (Weighted Average) Discount rate 9.3% - 15.5% (9.9%) 9.2% - 15.5% (10.0%) Prepayment rate 7.6% - 33.0% (14.3%) 10.0% - 38.8% (18.2%) Cost to service (per loan) $71.8 - $299.8 ($91.1) $71.0 - $409.4 ($92.5) At September 30, 2021 and December 31, 2020, the MSRs had a weighted average life of approximately 5.7 years and 5.1 years, respectively. See Note 2 for additional information regarding the valuation of MSRs. Actual revenue generated from servicing activities included contractually specified servicing fees, as well as late fees and other ancillary servicing revenue, which were recorded within loan servicing and other fees as follows for the periods ended September 30, 2021 and 2020: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Servicing fees from servicing portfolio $ 48,713 $ 38,994 $ 138,604 $ 113,172 Late fees 1,468 1,193 3,988 3,828 Other ancillary servicing revenue (expense) 67 (28) 507 (531) Total loan servicing and other fees $ 50,248 $ 40,159 $ 143,099 $ 116,469 At September 30, 2021 and December 31, 2020, the unpaid principal balance of mortgage loans serviced totaled $69.2 billion and $60.8 billion, respectively. Conforming conventional loans serviced by the Company are sold to the Federal National Mortgage Association ("FNMA" or "Fannie Mae") or the Federal Home Loan Mortgage Corporation ("FHLMC" or "Freddie Mac") programs on a nonrecourse basis, whereby foreclosure losses are generally the responsibility of FNMA and FHLMC and not the Company. Similarly, certain loans serviced by the Company are secured through GNMA programs, whereby the Company is insured against loss by the Federal Housing Association ("FHA") or partially guaranteed against loss by the Department of Veterans Affairs ("VA"). The key assumptions used to estimate the fair value of MSRs are prepayment speeds, the discount rate and costs to service. Increases in prepayment speeds generally have an adverse effect on the value of MSRs as the underlying loans prepay faster. In a declining interest rate environment, the fair value of MSRs generally decreases as prepayments increase and therefore, the estimated life of the MSRs and related cash flows decrease. Decreases in prepayment speeds generally have a positive effect on the value of MSRs as the underlying loans prepay less frequently. In a rising interest rate environment, the fair value of MSRs generally increases as prepayments decrease and therefore, the estimated life of the MSRs and related cash flows increase. Increases in the discount rate generally have an adverse effect on the value of the MSRs. The discount rate is risk adjusted for key factors such as uncertainty in the mortgage banking industry due to its reliance on external influences (interest rates, regulatory changes, etc.), premium for market liquidity, and credit risk. A higher discount rate would indicate higher uncertainty of the future cash flows. Conversely decreases in the discount rate generally have a positive effect on the value of the MSRs. Increases in the costs to service generally have an adverse effect on the value of the MSRs as an increase in costs to service would reduce the Company’s future net cash inflows from servicing a loan. Conversely decreases in the costs to service generally have a positive effect on the value of the MSRs. MSR uncertainties are hypothetical and do not always have a direct correlation with each assumption. Changes in one assumption may result in changes to another assumption, which might magnify or counteract the uncertainties. The following table illustrates the impact of adverse changes on the prepayment speeds, discount rate and cost to service at two different data points at September 30, 2021 and December 31, 2020, respectively: Prepayment Speeds Discount Rate Cost to Service (per loan) 10% Adverse 20% Adverse 10% Adverse 20% Adverse 10% Adverse 20% Adverse September 30, 2021 Mortgage servicing rights $ (43,147) $ (75,581) $ (29,430) $ (49,293) $ (16,020) $ (23,967) December 31, 2020 Mortgage servicing rights $ (36,117) $ (66,419) $ (18,638) $ (32,312) $ (10,334) $ (16,700)

Investor Reserves

Investor Reserves	9 Months Ended
	Sep. 30, 2021
Investor Reserves [Abstract]
Investor Reserves	INVESTOR RESERVESThe Company’s estimate of the investor reserves considers the current macro-economic environment and recent repurchase trends; however, if the Company experiences a prolonged period of higher repurchase and indemnification activity, then the realized losses from loan repurchases and indemnifications may ultimately be in excess of the liability. The maximum exposure under the Company’s representations and warranties would be the outstanding principal balance and any premium received on all loans ever sold by the Company, less any loans that have already been paid in full by the mortgagee, that have defaulted without a breach of representations and warranties, that have been indemnified via settlement or make-whole, or that have been repurchased. Additionally, the Company may receive relief of certain representations and warranty obligations on loans sold to FNMA or FHLMC on or after January 1, 2013 if FNMA or FHLMC satisfactorily concludes a quality control loan file review or if the borrower meets certain acceptable payment history requirements within 12 or 36 months after the loan is sold to FNMA or FHLMC. The activity of the investor reserves was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance — beginning of period $ 16,827 $ 23,886 $ 14,535 $ 16,521 Benefit from investor reserves (1,646) (3,601) (4,958) (7,289) Investor reserves acquired from RMS 1,507 — 1,507 — Provision for investor reserves charged to operations 1,977 (1,044) 7,581 10,009 Balance — end of period $ 18,665 $ 19,241 $ 18,665 $ 19,241

Mortgage Loans Held for Sale

Mortgage Loans Held for Sale	9 Months Ended
	Sep. 30, 2021
Mortgage Loans Held For Sale [Abstract]
Mortgage Loans Held for Sale	MORTGAGE LOANS HELD FOR SALE The Company sells substantially all of its originated mortgage loans into the secondary market. The Company may retain the right to service some of these loans upon sale through ownership of servicing rights. A reconciliation of the changes in mortgage loans held for sale to the amounts presented in the Condensed Consolidated Statements of Cash Flows is set forth below: Nine Months Ended September 30, 2021 2020 Balance — beginning of period $ 2,368,777 $ 1,504,842 Origination of mortgage loans held for sale 28,192,471 24,657,750 Proceeds on sale of payments from mortgage loans held for sale (29,847,321) (24,873,813) Mortgage loans acquired (see Note 3) 465,020 — Gain on sale of mortgage loans excluding fair value of other financial instruments, net 1,019,439 897,467 Valuation adjustment of mortgage loans held for sale (59,040) 52,904 Balance — end of period $ 2,139,346 $ 2,239,150 At September 30, 2021, mortgage loans held for sale included unpaid principal balances of the underlying loans of $2.1 billion and had a fair value of $2.1 billion. At December 31, 2020, mortgage loans held for sale included unpaid principal balances of the underlying loans of $2.3 billion and had a fair value of $2.4 billion.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill are presented in the following table: Balance at December 31, 2020 $ 62,834 Goodwill acquired (see Note 3) 112,310 Balance at September 30, 2021 $ 175,144 Intangible Assets The following table presents our intangible assets, net as of September 30, 2021: Gross Intangibles Accumulated Amortization Net Intangibles Weighted Average Amortization Period (Years) Referral network $ 42,300 $ 1,762 $ 40,538 5.75 Non-compete agreements 2,700 225 2,475 2.75 $ 45,000 $ 1,987 $ 43,013 5.57 Amortization expense related to intangible assets was $2.0 million for the three and nine months ended September 30, 2021.

Warehouse Lines of Credit

Warehouse Lines of Credit	9 Months Ended
	Sep. 30, 2021
Line of Credit Facility [Abstract]
Warehouse Lines of Credit	WAREHOUSE LINES OF CREDIT Warehouse lines of credit consisted of the following at September 30, 2021 and December 31, 2020. On July 1, 2021, the effective date of the RMS acquisition, RMS' debt outstanding was recognized at provisional fair value and with no change to existing terms. Changes subsequent to September 30, 2021 have been described in the notes referenced with the below table. Maturity as of September 30, September 30, 2021 December 31, 2020 $800 million master repurchase facility agreement (1) January 2022 $ 262,389 $ 442,593 $250 million master repurchase facility agreement (2) August 2022 175,901 148,011 $500 million master repurchase facility agreement (3) February 2022 289,547 541,074 $200 million master repurchase facility agreement (4) June 2022 99,873 187,214 $300 million master repurchase facility agreement (5) December 2021 134,855 232,272 $500 million master repurchase facility agreement (6) July 2022 299,674 464,355 $200 million master repurchase facility agreement (7) April 2022 117,980 104,880 $250 million master repurchase facility agreement (8) N/A 170,786 — $75 million master repurchase facility agreement (9) March 2025 38,108 25,185 $200 million master repurchase facility agreement (10) January 2022 148,459 — $200 million master repurchase facility agreement (11) N/A 103,739 — $30 million master repurchase facility agreement (12) N/A 13,712 — $75 million master repurchase facility agreement (13) March 2022 54,551 — 1,909,574 2,145,584 Prepaid commitment fees (1,579) (2,141) Net warehouse lines of credit $ 1,907,995 $ 2,143,443 ______________________________ (1) The variable interest rate is calculated using a base rate tied to LIBOR, the Eurodollar, or an alternative base rate with a floor of 0.75%, plus the applicable interest rate margin. (2) The variable interest rate is calculated using a base rate tied to LIBOR, plus the applicable interest rate margin. This line of credit requires a minimum deposit of $1.25 million. This facility matured in September 2021 and was amended with a maturity date of August 2022. (3) The variable interest rate is calculated using a base rate tied to LIBOR, plus the applicable interest rate margin. This facility requires a minimum deposit of $2.5 million. (4) The variable interest rate is calculated using a base rate plus LIBOR, with a floor of 1.525% plus the applicable interest rate margin. This line of credit requires a minimum deposit of $750,000. (5) The variable interest rate is calculated using a base rate tied to LIBOR with a floor of 0.40%, plus the applicable interest rate margin. This facility matured in September 2021 and was amended with a maturity date of December 2021. (6) The variable interest rate is calculated using a base rate tied to LIBOR with a floor of 0.50%, plus the applicable interest rate margin. (7) The variable interest rate is calculated using a base rate tied to LIBOR with a floor of 1.0%, plus the applicable interest rate margin. (8) This facility agreement was effective January 2021. The variable interest rate is calculated using a base rate tied to LIBOR, plus the applicable interest rate margin. This facility’s maturity date is 30 days from written notice by either the financial institution or the Company. (9) The interest rate on this facility is 3.375%. This facility was opened in 2019 and is used for GNMA delinquent buyouts. Each buyout represents a separate transaction that can remain on the facility for up to four years. (10) The variable interest rate is calculated as the greater of LIBOR or 0.75% LIBOR floor plus 1.75%. This facility includes a sublimit of up to $10.0 million for construction loan advances, which accrue interest at LIBOR plus 3.0%. (11) This variable interest rate is calculated using a base rate tied to LIBOR plus 1.75%. The facility matures 30 days from written notice by either the financial institution or the Company. (12) This facility agreement is due on demand and the variable interest rate is calculated using a base rate tied to LIBOR plus 2.0% to 3.5%. This facility includes a sublimit of up to $10.0 million for construction loan advances, which accrue interest at LIBOR plus 2.5%. (13) The variable interest rate is calculated as the greater of LIBOR or 0.75% LIBOR plus 1.75%. This facility includes a sublimit of up to $20.0 million for construction loan advances, which accrue interest at the greater of LIBOR or 1.0% LIBOR plus 2.65%. The weighted average interest rate for warehouse lines of credit was 2.3% and 2.5% at September 30, 2021 and December 31, 2020, respectively. All warehouse lines of credit are collateralized by underlying mortgages and related documents. Existing balances on warehouse lines are repaid through the sale proceeds from the collateralized loans held for sale. The Company intends to renew existing warehouse lines prior to expiration. If those lines are not renewed or replaced, that could have a negative impact on the Company’s ability to continue funding new loans. The Company had cash balances of $49.8 million and $15.6 million in its warehouse buy down accounts as offsets to certain lines of credit at September 30, 2021 and December 31, 2020, respectively. The agreements governing the Company’s warehouse lines of credit contain covenants that include certain financial requirements, including maintenance of maximum adjusted leverage ratio, minimum net worth, minimum tangible net worth, minimum current ratio, minimum liquidity, positive quarterly income and limitations on additional indebtedness, dividends, sale of assets, and decline in the mortgage loan servicing portfolio’s fair value. At September 30, 2021 and December 31, 2020, the Company was in compliance with all debt covenants. The Company has an optional short-term financing agreement between FNMA and the lender described as “As Soon As Pooled”. The Company can elect to assign FNMA Mortgage Backed Security ("MBS") trades to FNMA in advance of settlement and enter into a financing transaction and revenue related to the assignment is deferred until the final pool settlement date. The Company determines utilization based on warehouse availability and cash needs. There was no outstanding balance as of September 30, 2021 and December 31, 2020. Revolving Notes: In January 2014, the Company entered into an agreement for a revolving note from one of its warehouse banks, which it can draw upon as needed and has renewed on an annual basis. Borrowings on the revolving note are collateralized by the Company’s GNMA MSRs. Monthly interest on the outstanding balance is calculated using a base rate tied to the LIBOR rate plus the applicable margin, with a floor of 4.50%. The revolving note also has an unused facility fee on the average unused balance, which is also paid quarterly. The unused facility fee is waived if the average outstanding balance exceeds 70% of the available facility. In June 2020, the Company amended and restated the agreement and the revolving note was increased to a maximum committed amount of $135.0 million. The agreement also allows for the Company to further increase the committed amount up to $200.0 million. The revolving note is currently scheduled to expire in June 2022. The Company has the option to convert the outstanding balance of the revolving note into a term note at its discretion. At September 30, 2021 and December 31, 2020, the Company had $45.0 million in outstanding borrowings on this credit facility. In July 2017, the Company entered into an agreement for a revolving note of up to $25.0 million from one of its warehouse banks, which it can draw upon as needed and has renewed on an annual basis. In July 2020, the Company amended the agreement to increase the revolving note up to $65.0 million. In July 2021, the Company amended the agreement by extending the expiration date to July 2022. Borrowings on the revolving note are collateralized by the Company’s FHLMC MSRs. Monthly interest on the outstanding balance is calculated using a base rate tied to the LIBOR rate with a floor of 0.50% plus the applicable margin. The revolving note also has an unused facility fee on the average unused balance, which is also paid quarterly. The unused facility fee is waived if the average outstanding balance exceeds 50% of the available combined warehouse and MSR facility. The lender has the option to convert the outstanding balance of the revolving note into a term note at its discretion. At September 30, 2021 and December 31, 2020, the Company had $20.0 million in outstanding borrowings on this credit facility. Term Note: In January 2014, the Company entered into a term note agreement with one of its warehouse banks collateralized by the Company’s FNMA MSRs. In March 2021, the term note was amended and restated, at which time there was an outstanding amount of $76.5 million. The outstanding amount of $76.5 million was rolled into a new term note with a commitment of $125.0 million. The note allows for the committed amount to be increased to a maximum of $175.0 million. The Company could draw on the committed amount through March 2022 and the note matures on March 25, 2024. Interest on the principal is paid monthly and is based upon a margin plus the highest of the (i) Prime Rate, (ii) Federal Funds Rate plus 0.5%, or (iii) the Eurodollar Base Rate plus 1.0%. Principal payments of 5% of the outstanding balance as of March 31, 2022 are due quarterly beginning April 15, 2022, with the remaining principal balance due upon maturity. The term note also has an unused facility fee on the average unused balance, which is also paid quarterly. At September 30, 2021 and December 31, 2020, the Company had an outstanding balance of $100.0 million and $80.8 million, respectively, on this facility. The minimum calendar year payments of the Company’s term note as of September 30, 2021 are as follows: 2022 $ 15,000 2023 20,000 2024 65,000 Total $ 100,000

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Notes Payable	WAREHOUSE LINES OF CREDIT Warehouse lines of credit consisted of the following at September 30, 2021 and December 31, 2020. On July 1, 2021, the effective date of the RMS acquisition, RMS' debt outstanding was recognized at provisional fair value and with no change to existing terms. Changes subsequent to September 30, 2021 have been described in the notes referenced with the below table. Maturity as of September 30, September 30, 2021 December 31, 2020 $800 million master repurchase facility agreement (1) January 2022 $ 262,389 $ 442,593 $250 million master repurchase facility agreement (2) August 2022 175,901 148,011 $500 million master repurchase facility agreement (3) February 2022 289,547 541,074 $200 million master repurchase facility agreement (4) June 2022 99,873 187,214 $300 million master repurchase facility agreement (5) December 2021 134,855 232,272 $500 million master repurchase facility agreement (6) July 2022 299,674 464,355 $200 million master repurchase facility agreement (7) April 2022 117,980 104,880 $250 million master repurchase facility agreement (8) N/A 170,786 — $75 million master repurchase facility agreement (9) March 2025 38,108 25,185 $200 million master repurchase facility agreement (10) January 2022 148,459 — $200 million master repurchase facility agreement (11) N/A 103,739 — $30 million master repurchase facility agreement (12) N/A 13,712 — $75 million master repurchase facility agreement (13) March 2022 54,551 — 1,909,574 2,145,584 Prepaid commitment fees (1,579) (2,141) Net warehouse lines of credit $ 1,907,995 $ 2,143,443 ______________________________ (1) The variable interest rate is calculated using a base rate tied to LIBOR, the Eurodollar, or an alternative base rate with a floor of 0.75%, plus the applicable interest rate margin. (2) The variable interest rate is calculated using a base rate tied to LIBOR, plus the applicable interest rate margin. This line of credit requires a minimum deposit of $1.25 million. This facility matured in September 2021 and was amended with a maturity date of August 2022. (3) The variable interest rate is calculated using a base rate tied to LIBOR, plus the applicable interest rate margin. This facility requires a minimum deposit of $2.5 million. (4) The variable interest rate is calculated using a base rate plus LIBOR, with a floor of 1.525% plus the applicable interest rate margin. This line of credit requires a minimum deposit of $750,000. (5) The variable interest rate is calculated using a base rate tied to LIBOR with a floor of 0.40%, plus the applicable interest rate margin. This facility matured in September 2021 and was amended with a maturity date of December 2021. (6) The variable interest rate is calculated using a base rate tied to LIBOR with a floor of 0.50%, plus the applicable interest rate margin. (7) The variable interest rate is calculated using a base rate tied to LIBOR with a floor of 1.0%, plus the applicable interest rate margin. (8) This facility agreement was effective January 2021. The variable interest rate is calculated using a base rate tied to LIBOR, plus the applicable interest rate margin. This facility’s maturity date is 30 days from written notice by either the financial institution or the Company. (9) The interest rate on this facility is 3.375%. This facility was opened in 2019 and is used for GNMA delinquent buyouts. Each buyout represents a separate transaction that can remain on the facility for up to four years. (10) The variable interest rate is calculated as the greater of LIBOR or 0.75% LIBOR floor plus 1.75%. This facility includes a sublimit of up to $10.0 million for construction loan advances, which accrue interest at LIBOR plus 3.0%. (11) This variable interest rate is calculated using a base rate tied to LIBOR plus 1.75%. The facility matures 30 days from written notice by either the financial institution or the Company. (12) This facility agreement is due on demand and the variable interest rate is calculated using a base rate tied to LIBOR plus 2.0% to 3.5%. This facility includes a sublimit of up to $10.0 million for construction loan advances, which accrue interest at LIBOR plus 2.5%. (13) The variable interest rate is calculated as the greater of LIBOR or 0.75% LIBOR plus 1.75%. This facility includes a sublimit of up to $20.0 million for construction loan advances, which accrue interest at the greater of LIBOR or 1.0% LIBOR plus 2.65%. The weighted average interest rate for warehouse lines of credit was 2.3% and 2.5% at September 30, 2021 and December 31, 2020, respectively. All warehouse lines of credit are collateralized by underlying mortgages and related documents. Existing balances on warehouse lines are repaid through the sale proceeds from the collateralized loans held for sale. The Company intends to renew existing warehouse lines prior to expiration. If those lines are not renewed or replaced, that could have a negative impact on the Company’s ability to continue funding new loans. The Company had cash balances of $49.8 million and $15.6 million in its warehouse buy down accounts as offsets to certain lines of credit at September 30, 2021 and December 31, 2020, respectively. The agreements governing the Company’s warehouse lines of credit contain covenants that include certain financial requirements, including maintenance of maximum adjusted leverage ratio, minimum net worth, minimum tangible net worth, minimum current ratio, minimum liquidity, positive quarterly income and limitations on additional indebtedness, dividends, sale of assets, and decline in the mortgage loan servicing portfolio’s fair value. At September 30, 2021 and December 31, 2020, the Company was in compliance with all debt covenants. The Company has an optional short-term financing agreement between FNMA and the lender described as “As Soon As Pooled”. The Company can elect to assign FNMA Mortgage Backed Security ("MBS") trades to FNMA in advance of settlement and enter into a financing transaction and revenue related to the assignment is deferred until the final pool settlement date. The Company determines utilization based on warehouse availability and cash needs. There was no outstanding balance as of September 30, 2021 and December 31, 2020. Revolving Notes: In January 2014, the Company entered into an agreement for a revolving note from one of its warehouse banks, which it can draw upon as needed and has renewed on an annual basis. Borrowings on the revolving note are collateralized by the Company’s GNMA MSRs. Monthly interest on the outstanding balance is calculated using a base rate tied to the LIBOR rate plus the applicable margin, with a floor of 4.50%. The revolving note also has an unused facility fee on the average unused balance, which is also paid quarterly. The unused facility fee is waived if the average outstanding balance exceeds 70% of the available facility. In June 2020, the Company amended and restated the agreement and the revolving note was increased to a maximum committed amount of $135.0 million. The agreement also allows for the Company to further increase the committed amount up to $200.0 million. The revolving note is currently scheduled to expire in June 2022. The Company has the option to convert the outstanding balance of the revolving note into a term note at its discretion. At September 30, 2021 and December 31, 2020, the Company had $45.0 million in outstanding borrowings on this credit facility. In July 2017, the Company entered into an agreement for a revolving note of up to $25.0 million from one of its warehouse banks, which it can draw upon as needed and has renewed on an annual basis. In July 2020, the Company amended the agreement to increase the revolving note up to $65.0 million. In July 2021, the Company amended the agreement by extending the expiration date to July 2022. Borrowings on the revolving note are collateralized by the Company’s FHLMC MSRs. Monthly interest on the outstanding balance is calculated using a base rate tied to the LIBOR rate with a floor of 0.50% plus the applicable margin. The revolving note also has an unused facility fee on the average unused balance, which is also paid quarterly. The unused facility fee is waived if the average outstanding balance exceeds 50% of the available combined warehouse and MSR facility. The lender has the option to convert the outstanding balance of the revolving note into a term note at its discretion. At September 30, 2021 and December 31, 2020, the Company had $20.0 million in outstanding borrowings on this credit facility. Term Note: In January 2014, the Company entered into a term note agreement with one of its warehouse banks collateralized by the Company’s FNMA MSRs. In March 2021, the term note was amended and restated, at which time there was an outstanding amount of $76.5 million. The outstanding amount of $76.5 million was rolled into a new term note with a commitment of $125.0 million. The note allows for the committed amount to be increased to a maximum of $175.0 million. The Company could draw on the committed amount through March 2022 and the note matures on March 25, 2024. Interest on the principal is paid monthly and is based upon a margin plus the highest of the (i) Prime Rate, (ii) Federal Funds Rate plus 0.5%, or (iii) the Eurodollar Base Rate plus 1.0%. Principal payments of 5% of the outstanding balance as of March 31, 2022 are due quarterly beginning April 15, 2022, with the remaining principal balance due upon maturity. The term note also has an unused facility fee on the average unused balance, which is also paid quarterly. At September 30, 2021 and December 31, 2020, the Company had an outstanding balance of $100.0 million and $80.8 million, respectively, on this facility. The minimum calendar year payments of the Company’s term note as of September 30, 2021 are as follows: 2022 $ 15,000 2023 20,000 2024 65,000 Total $ 100,000

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Prior to its initial public offering ("IPO") in October 2020, the Guild Mortgage Company LLC membership structure included several different types of LLC interests including ownership interests and profits interests. The Company analyzed the calculation of earnings per unit for periods prior to the IPO using the two-class method and determined that it resulted in values that would not be meaningful to the user of these condensed consolidated financial statements. Therefore, earnings per share information has not been presented for periods prior to October 22, 2020. Basic earnings per share is computed based on the weighted average number of shares of Class A and Class B shares outstanding during the period using the two-class method. Diluted earnings per share is computed based on the weighted average number of shares plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include RSUs for Class A common stock. The following table sets forth the components of basic and diluted earnings per share: Three Months Ended September 30, 2021 Nine Months Ended September 30, Net income available for Class A and Class B Common Stock $ 72,096 $ 241,638 Weighted-average shares outstanding, Class A Common Stock 20,653 19,999 Weighted-average shares outstanding, Class B Common Stock 40,333 40,333 Weighted-average shares outstanding - basic 60,986 60,332 Add dilutive effects of non-vested shares of restricted stock - Class A 414 286 Weighted-average shares outstanding - diluted 61,400 60,618 Basic earnings per share: Class A and Class B Common Stock $ 1.18 $ 4.01 Diluted earnings per share: Class A and Class B Common Stock $ 1.17 $ 3.99 No shares were excluded from the calculation of earnings per share as a result of being anti-dilutive. Capital Stock The Company has two classes of common stock: Class A and Class B. Class A common stock is traded on the New York Stock Exchange under the symbol “GHLD.” There is no public market for the Company’s Class B common stock. However, under the terms of the Company’s Certificate of Incorporation, the holder of Class B common stock may convert any portion or all of the holder’s shares of Class B common stock into an equal number of shares of Class A common stock at any time. The holders of the Class A common stock and Class B common stock are entitled to dividends when and if declared by the Company’s Board of Directors out of legally available funds. Any stock dividend must be paid in shares of Class A common stock with respect to Class A common stock and in shares of Class B common stock with respect to Class B common stock. The voting powers, preferences and relative rights of Class A common stock and Class B common stock are identical in all respects, except that the holders of Class A common stock have one vote per share and the holders of Class B common stock have ten votes per share. Restricted Stock Units The Company issues RSUs, which represent the right to receive, upon vesting, one share of the Company’s common stock. The number of potentially dilutive shares related to RSUs is based on the number of shares, if any, that would be issuable at the end of the respective reporting period, assuming that date was the end of the vesting period.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION Stock-Based Compensation The Company’s stock-based compensation arrangements include grants of RSUs under the 2020 Omnibus Incentive Plan. The stock-based compensation costs recognized during the three and nine months ended September 30, 2021 was $1.5 million and $4.6 million, respectively, and is included in salaries, incentive compensation and benefits. As of September 30, 2021, there was

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Commitments to Extend Credit The Company enters into IRLCs with customers who have applied for residential mortgage loans and meet certain credit and underwriting criteria. These commitments expose the Company to market risk if interest rates change and the loan is not economically hedged or committed to an investor. The Company is also exposed to credit loss if the loan is originated and not sold to an investor and the customer does not perform. The collateral upon extension of credit typically consists of a first deed of trust in the mortgagor’s residential property. Commitments to originate loans do not necessarily reflect future cash requirements as some commitments are expected to expire without being drawn upon. Total commitments to originate loans at September 30, 2021 and December 31, 2020 were approximately $4.0 billion and $5.2 billion, respectively. The Company manages the interest rate price risk associated with its outstanding IRLCs and loans held for sale by entering into derivative loan instruments such as forward loan sales commitments, mandatory delivery commitments, options and futures contracts. Total commitments related to these derivatives at September 30, 2021 and December 31, 2020 were approximately $4.1 billion and $5.5 billion, respectively. Legal The Company is involved in various lawsuits arising in the ordinary course of business. While the ultimate results of these lawsuits cannot be predicted with certainty, management does not expect that these matters will have a material adverse effect on the consolidated financial position or results of operations of the Company.

Minimum Net Worth Requirements

Minimum Net Worth Requirements	9 Months Ended
	Sep. 30, 2021
Mortgage Banking [Abstract]
Minimum Net Worth Requirements	MINIMUM NET WORTH REQUIREMENTS Certain secondary market investors and state regulators require the Company to maintain minimum net worth and capital requirements. To the extent that these requirements are not met, secondary market investors and/or the state regulators may utilize a range of remedies including sanctions, and/or suspension or termination of selling and servicing agreements, which may prohibit the Company from originating, securitizing or servicing these specific types of mortgage loans. The Company is subject to the following minimum net worth, minimum capital ratio and minimum liquidity requirements established by the Federal Housing Finance Agency for Fannie Mae and Freddie Mac Seller/Servicers, and Ginnie Mae for single family issuers. Minimum Net Worth The minimum net worth requirement for Fannie Mae and Freddie Mac is defined as follows: • Base of $2,500 plus 25 basis points of outstanding UPB for total loans serviced. • Adjusted/Tangible Net Worth comprises of total equity less goodwill, intangible assets, affiliate receivables and certain pledged assets. The minimum net worth requirement for Ginnie Mae is defined as follows: • Base of $2,500 plus 35 basis points of the issuer’s total single-family effective outstanding obligations. • Adjusted/Tangible Net Worth comprises of total equity less goodwill, intangible assets, affiliate receivables and certain pledged assets. Minimum Capital Ratio • For Fannie Mae, Freddie Mac and Ginnie Mae the Company is also required to hold a ratio of Adjusted/Tangible Net Worth to Total Assets greater than 6%. Minimum Liquidity The minimum liquidity requirement for Fannie Mae and Freddie Mac is defined as follows: • 3.5 basis points of total Agency servicing. • Incremental 200 basis points of total nonperforming Agency, measured as 90 plus day delinquencies, servicing in excess of 6% of the total Agency servicing UPB. • Allowable assets for liquidity may include: cash and cash equivalents (unrestricted); available for sale or held for trading investment grade securities (e.g., Agency MBS, Obligations of Government Sponsored Enterprises, US Treasury Obligations); and unused/available portion of committed servicing advance lines. The minimum liquidity requirement for Ginnie Mae is defined as follows: • Maintain liquid assets equal to the greater of $1,000 or 10 basis points of our outstanding single-family MBS. The most restrictive of the minimum net worth and capital requirements require the Company to maintain a minimum adjusted net worth balance of $78,064 as of December 31, 2020. As of December 31, 2020, the Company was in compliance with this requirement.

Segments

Segments	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segments	SEGMENTS ASC 280, Segment Reporting , establishes the standards for reporting information about segments in financial statements. In applying the criteria set forth in that guidance, the Company has determined that it has two reportable segments — Origination and Servicing. Origination — The Company operates its loan origination business throughout the United States. Its licensed sales professionals and support staff cultivate deep relationships with referral partners and clients and provide a customized approach to the loan transaction whether it is a purchase or refinance. The origination segment is primarily responsible for loan origination, acquisition and sale activities. Servicing — The Company services loans out of its corporate office in San Diego, California. Properties of the loans serviced by the Company are disbursed throughout the United States and as of September 30, 2021 the Company serviced at least one loan in forty-eight different states. The servicing segment provides a steady stream of cash flow to support the origination segment and more importantly it allows for the Company to build longstanding client relationships that drive repeat and referral business back to the origination segment to recapture the client’s next mortgage transaction. The servicing segment is primarily responsible for the servicing activities of all loans in the Company’s servicing portfolio which includes, but is not limited to, collection and remittance of loan payments, managing borrower’s impound accounts for taxes and insurance, loan payoffs, loss mitigation and foreclosure activities. The Company does not allocate assets to its reportable segments as they are not included in the review performed by the Chief Operating Decision Maker for purposes of assessing segment performance and allocating resources. The balance sheet is managed on a consolidated basis and is not used in the context of segment reporting. The Company also does not allocate certain corporate expenses, which are represented by All Other in the tables below. The following table presents the financial performance and results by segment for the three months ended September 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 392,672 $ 4,289 $ 396,961 $ — $ 396,961 Loan servicing and other fees — 50,248 50,248 — 50,248 Valuation adjustment of mortgage servicing rights — (35,535) (35,535) — (35,535) Interest income (expense) 4,746 (1,819) 2,927 (1,585) 1,342 Other income, net (32) 7 (25) (34) (59) Net revenue 397,386 17,190 414,576 (1,619) 412,957 Expenses Salaries, incentive compensation and benefits 256,728 6,343 263,071 7,823 270,894 General and administrative 21,507 1,941 23,448 1,359 24,807 Occupancy, equipment and communication 15,107 959 16,066 1,948 18,014 Depreciation and amortization 3,564 166 3,730 377 4,107 Provision for foreclosure losses — (2,325) (2,325) — (2,325) Income tax expense — — — 25,364 25,364 Net income (loss) $ 100,480 $ 10,106 $ 110,586 $ (38,490) $ 72,096 The following table presents the financial performance and results by segment for the nine months ended September 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 1,166,626 $ 7,682 $ 1,174,308 $ — $ 1,174,308 Loan servicing and other fees — 143,099 143,099 — 143,099 Valuation adjustment of mortgage servicing rights — (84,581) (84,581) — (84,581) Interest income (expense) 11,247 (6,317) 4,930 (4,574) 356 Other income, net — 47 47 24 71 Net revenue 1,177,873 59,930 1,237,803 (4,550) 1,233,253 Expenses Salaries, incentive compensation and benefits 722,604 20,631 743,235 26,946 770,181 General and administrative 69,301 7,612 76,913 6,595 83,508 Occupancy, equipment and communication 41,038 3,093 44,131 3,377 47,508 Depreciation and amortization 5,553 578 6,131 1,238 7,369 Provision for foreclosure losses — (306) (306) — (306) Income tax expense — — — 83,355 83,355 Net income (loss) $ 339,377 $ 28,322 $ 367,699 $ (126,061) $ 241,638 The following table presents the financial performance and results by segment for the three months ended September 30, 2020: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 563,162 $ 1,847 $ 565,009 $ — $ 565,009 Loan servicing and other fees — 40,159 40,159 — 40,159 Valuation adjustment of mortgage servicing rights — (41,006) (41,006) — (41,006) Interest income (expense) 3,840 (2,389) 1,451 (2,034) (583) Other income, net 15 (3) 12 (47) (35) Net revenue 567,017 (1,392) 565,625 (2,081) 563,544 Expenses Salaries, incentive compensation and benefits 244,442 6,260 250,702 22,858 273,560 General and administrative 22,517 2,186 24,703 2,552 27,255 Occupancy, equipment and communication 11,313 1,145 12,458 1,857 14,315 Depreciation and amortization 1,328 18 1,346 476 1,822 Provision for foreclosure losses — 547 547 — 547 Income tax expense — — — 64,223 64,223 Net income (loss) $ 287,417 $ (11,548) $ 275,869 $ (94,047) $ 181,822 The following table presents the financial performance and results by segment for the nine months ended September 30, 2020: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 1,293,621 $ 4,681 $ 1,298,302 $ — $ 1,298,302 Loan servicing and other fees — 116,469 116,469 — 116,469 Valuation adjustment of mortgage servicing rights — (245,816) (245,816) — (245,816) Interest income (expense) 10,274 (4,997) 5,277 (6,352) (1,075) Other income, net 32 — 32 (71) (39) Net revenue 1,303,927 (129,663) 1,174,264 (6,423) 1,167,841 Expenses Salaries, incentive compensation and benefits 589,875 18,336 608,211 42,247 650,458 General and administrative 64,534 5,927 70,461 4,986 75,447 Occupancy, equipment and communication 34,876 2,796 37,672 3,843 41,515 Depreciation and amortization 3,766 329 4,095 1,420 5,515 Provision for foreclosure losses — 2,407 2,407 — 2,407 Income tax expense — — — 100,688 100,688 Net income (loss) $ 610,876 $ (159,458) $ 451,418 $ (159,607) $ 291,811

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Event	SUBSEQUENT EVENTOn November 4, 2021, the Company's Board of Directors declared a special cash dividend of $1.00 per share on its Class A and Class B common stock, payable on December 8, 2021, to stockholders of record on November 22, 2021.

Business, Basis of Presentati_2

Business, Basis of Presentation, and Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and in accordance with U.S. generally accepted accounting principles (“GAAP”) applicable to interim financial statements. These unaudited condensed consolidated financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results of the interim period. The condensed consolidated balance sheet data as of December 31, 2020 was derived from audited financial statements but does not include all disclosures required by GAAP. These unaudited condensed consolidated financial statements should be read in conjunction with our consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2020. The Company follows the same accounting policies for preparing quarterly and annual reports.
Reclassifications	Certain reclassifications have been made to the presentation of prior periods for consistency and comparability with the current year's presentation. These reclassifications did not have any effect on the Company's financial condition, operating results, cash flows or stockholders' equity.
Principles of Consolidation	Principles of Consolidation The Company has one wholly owned subsidiary, Guild Mortgage Company LLC ("GMC"), which through its direct subsidiaries, conducts the Company’s mortgage banking operations. GMC wholly owns Guild Administration Corp., Mission Village Insurance Agency, Guild Insurance, LLC, Guild Financial Express, Inc. and Residential Mortgage Services Holdings, Inc. All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although management is not currently aware of any factors that would significantly change its estimates and assumptions, actual results could materially differ from those estimates. In March 2020, the World Health Organization (“WHO”) declared the outbreak of a novel coronavirus (“COVID-19”) as a pandemic, which has presented a substantial public health challenge throughout the United States. The Company remains fully functional in both its origination and servicing operations. The Company continues to monitor guidance published by the WHO, Centers for Disease Control and Prevention, local and federal government agencies and the Mortgage Bankers Association and is in continual communication with its investors regarding the developments in the mortgage industry.
Intangible Assets	Intangible Assets Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives in a manner that best reflects their economic benefit. All intangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying amount of such assets may not be recoverable.
Earnings Per Share	Earnings Per Share The Company determines earnings per share in accordance with the authoritative guidance in Accounting Standards Codification ("ASC") 260, Earnings Per Share
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation expense is measured at the grant date based on the fair value of the award and is recognized as an expense on a straight-line basis over the requisite service period, which is generally the vesting period. The fair value of restricted stock units (“RSUs”) is based on the value of the Company’s common stock on the date of grant. Stock-based compensation is included in salaries, incentive compensation and benefits. See Note 14 for additional information regarding our stock-based compensation.
Escrow and Fiduciary Funds	Escrow and Fiduciary FundsAs a loan servicer, the Company maintains segregated bank accounts in trust for investors and escrow balances for mortgagors, which are excluded from the Company’s Condensed Consolidated Balance Sheets.
Fair Value Measurements	Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Inputs used to measure fair value are prioritized within a three-level fair value hierarchy. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The categorization of assets and liabilities measured at fair value within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The three levels of inputs used to measure fair value are as follows: • Level One - Level One inputs are unadjusted, quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. • Level Two - Level Two inputs are observable for that asset or liability, either directly or indirectly, and include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, observable inputs for the asset or liability other than quoted prices and inputs derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified contractual term, the inputs must be observable for substantially the full term of the asset or liability. • Level Three - Level Three inputs are unobservable inputs for the asset or liability that reflect the Company’s assessment of the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, and are developed based on the best information available.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2021: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 104 $ — $ — $ 104 Derivative Forward delivery commitments — 20,071 — 20,071 Interest rate lock commitments — — 35,721 35,721 Mortgage loans held for sale — 2,139,346 — 2,139,346 Mortgage servicing rights — — 625,149 625,149 Total assets at fair value $ 104 $ 2,159,417 $ 660,870 $ 2,820,391 Liabilities: Derivative Contingent liabilities due to acquisitions $ — $ — $ 77,189 $ 77,189 Total liabilities at fair value $ — $ — $ 77,189 $ 77,189 The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2020: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 78 $ — $ — $ 78 Derivative Interest rate lock commitments — — 130,338 130,338 Mortgage loans held for sale — 2,368,777 — 2,368,777 Mortgage servicing rights — — 446,998 446,998 Total assets at fair value $ 78 $ 2,368,777 $ 577,336 $ 2,946,191 Liabilities: Derivative Forward delivery commitments $ — $ 38,270 $ — $ 38,270 Contingent liabilities due to acquisitions — — 18,094 18,094 Total liabilities at fair value $ — $ 38,270 $ 18,094 $ 56,364
Summary of Reconciliation of Level Three Assets and Liabilities Measured at Fair Value on Recurring Basis	The table below presents a reconciliation of Level Three assets and liabilities measured at fair value on a recurring basis for the three and nine months ended September 30, 2021 and 2020: IRLCs Contingent Balance at June 30, 2021 $ 44,486 $ 20,416 Net transfers and revaluation gains (8,765) — Payments — (12,656) Additions — 63,956 Valuation adjustments — 5,473 Balance at September 30, 2021 $ 35,721 $ 77,189 Balance at December 31, 2020 $ 130,338 $ 18,094 Net transfers and revaluation gains (94,617) — Payments — (23,448) Additions — 63,956 Valuation adjustments — 18,587 Balance at September 30, 2021 $ 35,721 $ 77,189 Balance at June 30, 2020 $ 141,629 $ 22,952 Net transfers and revaluation gains 44,387 — Payments — (8,742) Valuation adjustments — 7,880 Balance at September 30, 2020 $ 186,016 $ 22,090 Balance at December 31, 2019 $ 19,922 $ 8,073 Net transfers and revaluation gains 166,094 — Payments — (13,888) Valuation adjustments — 27,905 Balance at September 30, 2020 $ 186,016 $ 22,090
Summary of Financial Assets Measured at Fair Value on Nonrecurring Basis	The following table summarizes the Company’s financial assets measured at fair value on a non-recurring basis at September 30, 2021: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 913,438 $ — $ 913,438 Total assets at fair value $ — $ 913,438 $ — $ 913,438 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 913,438 $ — $ 913,438 Total liabilities at fair value $ — $ 913,438 $ — $ 913,438 The following table summarizes the Company’s financial assets measured at fair value on a non-recurring basis at December 31, 2020: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 1,275,842 $ — $ 1,275,842 Total assets at fair value $ — $ 1,275,842 $ — $ 1,275,842 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 1,277,026 $ — $ 1,277,026 Total liabilities at fair value $ — $ 1,277,026 $ — $ 1,277,026
Summary of Fair Value Option for Mortgage Loans Held For Sale	The following is the estimated fair value and unpaid principal balance of MLHS that have contractual principal amounts and for which the Company has elected the fair value option. The fair value option was elected for MLHS as the Company believes fair value best reflects their expected future economic performance: Fair Value Principal Difference (1) Balance at September 30, 2021 $ 2,139,346 $ 2,110,692 $ 28,654 Balance at December 31, 2020 $ 2,368,777 $ 2,293,895 $ 74,882 _______________________________ (1) Represents the amount of gains included in loan origination fees and gain on sale of loans, net due to changes in fair value of items accounted for using the fair value option.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2021
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	The following summarizes the estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date. These estimates of fair value of identifiable assets acquired and liabilities assumed are preliminary, pending completion of a valuation, and therefore are subject to revisions that may result in adjustments to the values presented below: Purchase price: Cash paid at closing of the transaction $ 185,786 Fair value of Class A common stock issued 15,289 Estimated fair value of contingent consideration 63,956 Total purchase price 265,031 Fair value of assets acquired: Cash, cash equivalents and restricted cash 85,559 Mortgage loans held for sale 465,020 Acquired intangible assets 45,000 Right-of-use assets 11,855 Other 35,213 Total assets acquired 642,647 Fair value of liabilities assumed: Warehouse lines of credit 431,175 Accounts payable and accrued expenses 26,960 Operating lease liabilities 12,959 Deferred taxes 16,231 Other 2,601 Total liabilities assumed 489,926 Fair value of net identifiable assets acquired 152,721 Goodwill $ 112,310
Schedule of Intangible Assets Acquired	The following table summarizes the major classes of acquired intangible assets and their respective estimated fair values and estimated useful lives: Estimated Fair Value Estimated Useful Life (Years) Acquired intangible assets: Referral network $ 42,300 6 Non-compete agreements 2,700 3 Total acquired intangible assets $ 45,000
Schedule of Pro Forma Information	The amount of RMS' net revenue and net income since the July 1, 2021 acquisition date, included in our Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2021 were as follows: Net revenue $ 66,382 Net income $ 18,283 The following table presents the unaudited pro forma information assuming the acquisition of RMS occurred on January 1, 2020. The unaudited pro forma results reflect after-tax adjustments for amortization of acquired intangible assets and other immaterial adjustments for the effects of purchase accounting. The unaudited pro forma information is presented for information purposes only, and is not necessarily indicative of future operations or results had the acquisition been completed as of January 1, 2020: Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Net revenues $ 683,400 $ 1,406,989 Net income $ 223,524 $ 355,494

Accounts and Interest Receiva_2

Accounts and Interest Receivable (Tables)	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Schedule of Accounts and Interest Receivable	Accounts and interest receivable consisted of the following: September 30, 2021 December 31, 2020 Trust advances $ 28,570 $ 36,241 Foreclosure advances, net 14,399 2,894 Receivables related to loan sales 2,396 2,707 Other 6,815 1,548 Total accounts and interest receivable $ 52,180 $ 43,390
Schedule of Activity of the Foreclosure Loss Reserve	The activity of the foreclosure loss reserve was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance — beginning of period $ 12,790 $ 8,342 $ 12,402 $ 7,869 Utilization of foreclosure reserve 204 (975) (1,427) (2,362) Provision (relieved) charged to operations (2,325) 547 (306) 2,407 Balance — end of period $ 10,669 $ 7,914 $ 10,669 $ 7,914

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Other Assets [Abstract]
Summary of Other Assets	Other assets consisted of the following: September 30, 2021 December 31, 2020 Prepaid expenses $ 19,698 $ 16,652 Company owned life insurance 37,437 29,910 Property and equipment, net 16,967 14,773 Right-of-use assets 87,145 87,508 Income tax receivable 9,630 — Real estate owned 189 1,354 Land 147 — Trading securities 104 78 Total other assets $ 171,317 $ 150,275
Summary of Property and Equipment	Property and equipment, net consisted of the following: September 30, 2021 December 31, 2020 Computer equipment $ 32,127 $ 22,946 Furniture and equipment 25,923 18,301 Leasehold improvements 15,836 12,307 Internal-use software in production 2,195 1,716 Internal-use software 7,402 5,639 Property and equipment, gross 83,483 60,909 Accumulated depreciation (66,516) (46,136) Property and equipment, net $ 16,967 $ 14,773

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Unrealized Hedging Gains	Changes in the fair value of the Company's derivative financial instruments are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Unrealized gains (losses) $ (4,153) $ 61,969 $ (52,758) $ 160,167
Schedule of Notional and Fair Value of Derivative Financial Instruments Not Designated as Hedging Instruments	The notional and fair value of derivative financial instruments not designated as hedging instruments were as follows at September 30, 2021 and December 31, 2020: Fair Value Notional Derivative Derivative Balance at September 30, 2021 IRLCs $ 3,992,088 $ 35,721 $ — Forward commitments $ 4,104,845 $ 20,071 $ — Balance at December 31, 2020 IRLCs $ 5,151,179 $ 130,338 $ — Forward commitments $ 5,480,491 $ — $ 38,270
Schedule of Quantitative Information About IRLCs and Fair Value Measurements	The following table presents the quantitative information about IRLCs and the fair value measurements: September 30, 2021 December 31, 2020 Unobservable Input Range (Weighted Average) Loan funding probability (“pull-through”) 0% -100% (91.1%) 0% - 100% (87.8%)
Schedule of Financial Liabilities that are Subject to Master Netting Arrangements or Similar Agreements Categorized by Financial Instrument	The table below represents financial assets and liabilities that are subject to master netting arrangements categorized by financial instrument: Gross Gross Net September 30, 2021 Forward delivery commitments $ 22,088 $ (2,641) $ 19,447 Best efforts sales commitments 486 — 486 Margin calls 138 — 138 Total assets $ 22,712 $ (2,641) $ 20,071 December 31, 2020 Forward delivery commitments $ (54,419) $ 4,825 $ (49,594) Best efforts sales commitments (3,656) — (3,656) Margin calls 14,980 — 14,980 Total liabilities $ (43,095) $ 4,825 $ (38,270)
Schedule of Financial Assets that are Subject to Master Netting Arrangements or Similar Agreements Categorized by Financial Instrument	The table below represents financial assets and liabilities that are subject to master netting arrangements categorized by financial instrument: Gross Gross Net September 30, 2021 Forward delivery commitments $ 22,088 $ (2,641) $ 19,447 Best efforts sales commitments 486 — 486 Margin calls 138 — 138 Total assets $ 22,712 $ (2,641) $ 20,071 December 31, 2020 Forward delivery commitments $ (54,419) $ 4,825 $ (49,594) Best efforts sales commitments (3,656) — (3,656) Margin calls 14,980 — 14,980 Total liabilities $ (43,095) $ 4,825 $ (38,270)

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
	Sep. 30, 2021
Transfers and Servicing [Abstract]
Summary of Activity of Mortgage Servicing Rights	The activity of mortgage servicing rights was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance — beginning of period $ 578,690 $ 336,687 $ 446,998 $ 418,402 MSRs originated and acquired through acquisitions 81,994 96,510 262,732 219,605 Changes in fair value: Due to collection/realization of cash flows (37,313) (31,540) (117,119) (85,270) Due to changes in valuation model inputs or assumptions 1,778 (9,466) 32,538 (160,546) Balance — end of period $ 625,149 $ 392,191 $ 625,149 $ 392,191
Summary of Weighted Average Discount Rate, Prepayment Speed and Cost to Service Assumptions Used to Determine Fair Value of MSRs	The following table presents the weighted average discount rate, prepayment speed and cost to service assumptions used to determine the fair value of MSRs: September 30, 2021 December 31, 2020 Unobservable Input Range (Weighted Average) Discount rate 9.3% - 15.5% (9.9%) 9.2% - 15.5% (10.0%) Prepayment rate 7.6% - 33.0% (14.3%) 10.0% - 38.8% (18.2%) Cost to service (per loan) $71.8 - $299.8 ($91.1) $71.0 - $409.4 ($92.5)
Summary of Actual Revenue Generated from Servicing Activities	Actual revenue generated from servicing activities included contractually specified servicing fees, as well as late fees and other ancillary servicing revenue, which were recorded within loan servicing and other fees as follows for the periods ended September 30, 2021 and 2020: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Servicing fees from servicing portfolio $ 48,713 $ 38,994 $ 138,604 $ 113,172 Late fees 1,468 1,193 3,988 3,828 Other ancillary servicing revenue (expense) 67 (28) 507 (531) Total loan servicing and other fees $ 50,248 $ 40,159 $ 143,099 $ 116,469
Summary of Impact of Adverse Changes on Prepayment Speeds, Discount Rate and Cost to Service at Two Different Data Points	The following table illustrates the impact of adverse changes on the prepayment speeds, discount rate and cost to service at two different data points at September 30, 2021 and December 31, 2020, respectively: Prepayment Speeds Discount Rate Cost to Service (per loan) 10% Adverse 20% Adverse 10% Adverse 20% Adverse 10% Adverse 20% Adverse September 30, 2021 Mortgage servicing rights $ (43,147) $ (75,581) $ (29,430) $ (49,293) $ (16,020) $ (23,967) December 31, 2020 Mortgage servicing rights $ (36,117) $ (66,419) $ (18,638) $ (32,312) $ (10,334) $ (16,700)

Investor Reserves (Tables)

Investor Reserves (Tables)	9 Months Ended
	Sep. 30, 2021
Investor Reserves [Abstract]
Schedule of Activity of Investor Reserves	The activity of the investor reserves was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance — beginning of period $ 16,827 $ 23,886 $ 14,535 $ 16,521 Benefit from investor reserves (1,646) (3,601) (4,958) (7,289) Investor reserves acquired from RMS 1,507 — 1,507 — Provision for investor reserves charged to operations 1,977 (1,044) 7,581 10,009 Balance — end of period $ 18,665 $ 19,241 $ 18,665 $ 19,241

Mortgage Loans Held for Sale (T

Mortgage Loans Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2021
Mortgage Loans Held For Sale [Abstract]
Summary of Reconciliation of Changes in Mortgage Loans Held for Sale to Amounts Presented in Condensed Consolidated Statements of Cash Flows	A reconciliation of the changes in mortgage loans held for sale to the amounts presented in the Condensed Consolidated Statements of Cash Flows is set forth below: Nine Months Ended September 30, 2021 2020 Balance — beginning of period $ 2,368,777 $ 1,504,842 Origination of mortgage loans held for sale 28,192,471 24,657,750 Proceeds on sale of payments from mortgage loans held for sale (29,847,321) (24,873,813) Mortgage loans acquired (see Note 3) 465,020 — Gain on sale of mortgage loans excluding fair value of other financial instruments, net 1,019,439 897,467 Valuation adjustment of mortgage loans held for sale (59,040) 52,904 Balance — end of period $ 2,139,346 $ 2,239,150

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Activity in Goodwill	The changes in the carrying amount of goodwill are presented in the following table: Balance at December 31, 2020 $ 62,834 Goodwill acquired (see Note 3) 112,310 Balance at September 30, 2021 $ 175,144
Schedule of Finite-Lived Intangible Assets	The following table presents our intangible assets, net as of September 30, 2021: Gross Intangibles Accumulated Amortization Net Intangibles Weighted Average Amortization Period (Years) Referral network $ 42,300 $ 1,762 $ 40,538 5.75 Non-compete agreements 2,700 225 2,475 2.75 $ 45,000 $ 1,987 $ 43,013 5.57

Warehouse Lines of Credit (Tabl

Warehouse Lines of Credit (Tables)	9 Months Ended
	Sep. 30, 2021
Line of Credit Facility [Abstract]
Summary of Warehouse Lines of Credit	Warehouse lines of credit consisted of the following at September 30, 2021 and December 31, 2020. On July 1, 2021, the effective date of the RMS acquisition, RMS' debt outstanding was recognized at provisional fair value and with no change to existing terms. Changes subsequent to September 30, 2021 have been described in the notes referenced with the below table. Maturity as of September 30, September 30, 2021 December 31, 2020 $800 million master repurchase facility agreement (1) January 2022 $ 262,389 $ 442,593 $250 million master repurchase facility agreement (2) August 2022 175,901 148,011 $500 million master repurchase facility agreement (3) February 2022 289,547 541,074 $200 million master repurchase facility agreement (4) June 2022 99,873 187,214 $300 million master repurchase facility agreement (5) December 2021 134,855 232,272 $500 million master repurchase facility agreement (6) July 2022 299,674 464,355 $200 million master repurchase facility agreement (7) April 2022 117,980 104,880 $250 million master repurchase facility agreement (8) N/A 170,786 — $75 million master repurchase facility agreement (9) March 2025 38,108 25,185 $200 million master repurchase facility agreement (10) January 2022 148,459 — $200 million master repurchase facility agreement (11) N/A 103,739 — $30 million master repurchase facility agreement (12) N/A 13,712 — $75 million master repurchase facility agreement (13) March 2022 54,551 — 1,909,574 2,145,584 Prepaid commitment fees (1,579) (2,141) Net warehouse lines of credit $ 1,907,995 $ 2,143,443 ______________________________ (1) The variable interest rate is calculated using a base rate tied to LIBOR, the Eurodollar, or an alternative base rate with a floor of 0.75%, plus the applicable interest rate margin. (2) The variable interest rate is calculated using a base rate tied to LIBOR, plus the applicable interest rate margin. This line of credit requires a minimum deposit of $1.25 million. This facility matured in September 2021 and was amended with a maturity date of August 2022. (3) The variable interest rate is calculated using a base rate tied to LIBOR, plus the applicable interest rate margin. This facility requires a minimum deposit of $2.5 million. (4) The variable interest rate is calculated using a base rate plus LIBOR, with a floor of 1.525% plus the applicable interest rate margin. This line of credit requires a minimum deposit of $750,000. (5) The variable interest rate is calculated using a base rate tied to LIBOR with a floor of 0.40%, plus the applicable interest rate margin. This facility matured in September 2021 and was amended with a maturity date of December 2021. (6) The variable interest rate is calculated using a base rate tied to LIBOR with a floor of 0.50%, plus the applicable interest rate margin. (7) The variable interest rate is calculated using a base rate tied to LIBOR with a floor of 1.0%, plus the applicable interest rate margin. (8) This facility agreement was effective January 2021. The variable interest rate is calculated using a base rate tied to LIBOR, plus the applicable interest rate margin. This facility’s maturity date is 30 days from written notice by either the financial institution or the Company. (9) The interest rate on this facility is 3.375%. This facility was opened in 2019 and is used for GNMA delinquent buyouts. Each buyout represents a separate transaction that can remain on the facility for up to four years. (10) The variable interest rate is calculated as the greater of LIBOR or 0.75% LIBOR floor plus 1.75%. This facility includes a sublimit of up to $10.0 million for construction loan advances, which accrue interest at LIBOR plus 3.0%. (11) This variable interest rate is calculated using a base rate tied to LIBOR plus 1.75%. The facility matures 30 days from written notice by either the financial institution or the Company. (12) This facility agreement is due on demand and the variable interest rate is calculated using a base rate tied to LIBOR plus 2.0% to 3.5%. This facility includes a sublimit of up to $10.0 million for construction loan advances, which accrue interest at LIBOR plus 2.5%. (13) The variable interest rate is calculated as the greater of LIBOR or 0.75% LIBOR plus 1.75%. This facility includes a sublimit of up to $20.0 million for construction loan advances, which accrue interest at the greater of LIBOR or 1.0% LIBOR plus 2.65%.

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Summary of Minimum Calendar Year Payments of Term Note	The minimum calendar year payments of the Company’s term note as of September 30, 2021 are as follows: 2022 $ 15,000 2023 20,000 2024 65,000 Total $ 100,000

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Components of Basic and Diluted Earnings Per Share	The following table sets forth the components of basic and diluted earnings per share: Three Months Ended September 30, 2021 Nine Months Ended September 30, Net income available for Class A and Class B Common Stock $ 72,096 $ 241,638 Weighted-average shares outstanding, Class A Common Stock 20,653 19,999 Weighted-average shares outstanding, Class B Common Stock 40,333 40,333 Weighted-average shares outstanding - basic 60,986 60,332 Add dilutive effects of non-vested shares of restricted stock - Class A 414 286 Weighted-average shares outstanding - diluted 61,400 60,618 Basic earnings per share: Class A and Class B Common Stock $ 1.18 $ 4.01 Diluted earnings per share: Class A and Class B Common Stock $ 1.17 $ 3.99

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Summary of Financial Performance and Results by Segment	The following table presents the financial performance and results by segment for the three months ended September 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 392,672 $ 4,289 $ 396,961 $ — $ 396,961 Loan servicing and other fees — 50,248 50,248 — 50,248 Valuation adjustment of mortgage servicing rights — (35,535) (35,535) — (35,535) Interest income (expense) 4,746 (1,819) 2,927 (1,585) 1,342 Other income, net (32) 7 (25) (34) (59) Net revenue 397,386 17,190 414,576 (1,619) 412,957 Expenses Salaries, incentive compensation and benefits 256,728 6,343 263,071 7,823 270,894 General and administrative 21,507 1,941 23,448 1,359 24,807 Occupancy, equipment and communication 15,107 959 16,066 1,948 18,014 Depreciation and amortization 3,564 166 3,730 377 4,107 Provision for foreclosure losses — (2,325) (2,325) — (2,325) Income tax expense — — — 25,364 25,364 Net income (loss) $ 100,480 $ 10,106 $ 110,586 $ (38,490) $ 72,096 The following table presents the financial performance and results by segment for the nine months ended September 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 1,166,626 $ 7,682 $ 1,174,308 $ — $ 1,174,308 Loan servicing and other fees — 143,099 143,099 — 143,099 Valuation adjustment of mortgage servicing rights — (84,581) (84,581) — (84,581) Interest income (expense) 11,247 (6,317) 4,930 (4,574) 356 Other income, net — 47 47 24 71 Net revenue 1,177,873 59,930 1,237,803 (4,550) 1,233,253 Expenses Salaries, incentive compensation and benefits 722,604 20,631 743,235 26,946 770,181 General and administrative 69,301 7,612 76,913 6,595 83,508 Occupancy, equipment and communication 41,038 3,093 44,131 3,377 47,508 Depreciation and amortization 5,553 578 6,131 1,238 7,369 Provision for foreclosure losses — (306) (306) — (306) Income tax expense — — — 83,355 83,355 Net income (loss) $ 339,377 $ 28,322 $ 367,699 $ (126,061) $ 241,638 The following table presents the financial performance and results by segment for the three months ended September 30, 2020: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 563,162 $ 1,847 $ 565,009 $ — $ 565,009 Loan servicing and other fees — 40,159 40,159 — 40,159 Valuation adjustment of mortgage servicing rights — (41,006) (41,006) — (41,006) Interest income (expense) 3,840 (2,389) 1,451 (2,034) (583) Other income, net 15 (3) 12 (47) (35) Net revenue 567,017 (1,392) 565,625 (2,081) 563,544 Expenses Salaries, incentive compensation and benefits 244,442 6,260 250,702 22,858 273,560 General and administrative 22,517 2,186 24,703 2,552 27,255 Occupancy, equipment and communication 11,313 1,145 12,458 1,857 14,315 Depreciation and amortization 1,328 18 1,346 476 1,822 Provision for foreclosure losses — 547 547 — 547 Income tax expense — — — 64,223 64,223 Net income (loss) $ 287,417 $ (11,548) $ 275,869 $ (94,047) $ 181,822 The following table presents the financial performance and results by segment for the nine months ended September 30, 2020: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 1,293,621 $ 4,681 $ 1,298,302 $ — $ 1,298,302 Loan servicing and other fees — 116,469 116,469 — 116,469 Valuation adjustment of mortgage servicing rights — (245,816) (245,816) — (245,816) Interest income (expense) 10,274 (4,997) 5,277 (6,352) (1,075) Other income, net 32 — 32 (71) (39) Net revenue 1,303,927 (129,663) 1,174,264 (6,423) 1,167,841 Expenses Salaries, incentive compensation and benefits 589,875 18,336 608,211 42,247 650,458 General and administrative 64,534 5,927 70,461 4,986 75,447 Occupancy, equipment and communication 34,876 2,796 37,672 3,843 41,515 Depreciation and amortization 3,766 329 4,095 1,420 5,515 Provision for foreclosure losses — 2,407 2,407 — 2,407 Income tax expense — — — 100,688 100,688 Net income (loss) $ 610,876 $ (159,458) $ 451,418 $ (159,607) $ 291,811

Business, Basis of Presentati_3

Business, Basis of Presentation, and Accounting Policies - Additional Information (Details) $ in Billions	9 Months Ended
	Sep. 30, 2021USD ($)subsidiary	Dec. 31, 2020USD ($)
Accounting Policies [Abstract]
Number of wholly owned subsidiaries | subsidiary	1
Account balance in trust for investors and escrow balances for mortgagors | $	$ 1.6	$ 1.7

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Level 3	Sep. 30, 2021	Dec. 31, 2020
Recurring Fair Value Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan funding probability (“pull-through”)	91.10%	87.80%
Minimum | Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range of risk adjusted discount rate	0.150	0.150
Maximum | Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range of risk adjusted discount rate	0.192	0.200
Median | Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range of risk adjusted discount rate	0.189	0.150

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Assets:
Trading securities	$ 104	$ 78
Derivative
Derivative asset	55,792	130,338
Mortgage loans held for sale	2,139,346	2,368,777	$ 2,239,150	$ 1,504,842
Mortgage servicing rights	625,149	446,998
Derivative
Derivative liability	0	38,270
Contingent liabilities due to acquisitions	77,189	18,094
Forward delivery commitments
Derivative
Derivative asset	19,447
Derivative
Derivative liability		49,594
Recurring Fair Value Measurements
Assets:
Trading securities	104	78
Derivative
Mortgage loans held for sale	2,139,346	2,368,777
Mortgage servicing rights	625,149	446,998
Total assets at fair value	2,820,391	2,946,191
Derivative
Contingent liabilities due to acquisitions	77,189	18,094
Total liabilities at fair value	77,189	56,364
Recurring Fair Value Measurements | Forward delivery commitments
Derivative
Derivative asset	20,071
Derivative
Derivative liability		38,270
Recurring Fair Value Measurements | Interest rate lock commitments
Derivative
Derivative asset	35,721	130,338
Recurring Fair Value Measurements | Level 1
Assets:
Trading securities	104	78
Derivative
Mortgage loans held for sale	0	0
Mortgage servicing rights	0	0
Total assets at fair value	104	78
Derivative
Contingent liabilities due to acquisitions	0	0
Total liabilities at fair value	0	0
Recurring Fair Value Measurements | Level 1 | Forward delivery commitments
Derivative
Derivative asset	0
Derivative
Derivative liability		0
Recurring Fair Value Measurements | Level 1 | Interest rate lock commitments
Derivative
Derivative asset	0	0
Recurring Fair Value Measurements | Level 2
Assets:
Trading securities	0	0
Derivative
Mortgage loans held for sale	2,139,346	2,368,777
Mortgage servicing rights	0	0
Total assets at fair value	2,159,417	2,368,777
Derivative
Contingent liabilities due to acquisitions	0	0
Total liabilities at fair value	0	38,270
Recurring Fair Value Measurements | Level 2 | Forward delivery commitments
Derivative
Derivative asset	20,071
Derivative
Derivative liability		38,270
Recurring Fair Value Measurements | Level 2 | Interest rate lock commitments
Derivative
Derivative asset	0	0
Recurring Fair Value Measurements | Level 3
Assets:
Trading securities	0	0
Derivative
Mortgage loans held for sale	0	0
Mortgage servicing rights	625,149	446,998
Total assets at fair value	660,870	577,336
Derivative
Contingent liabilities due to acquisitions	77,189	18,094
Total liabilities at fair value	77,189	18,094
Recurring Fair Value Measurements | Level 3 | Forward delivery commitments
Derivative
Derivative asset	0
Derivative
Derivative liability		0
Recurring Fair Value Measurements | Level 3 | Interest rate lock commitments
Derivative
Derivative asset	$ 35,721	$ 130,338

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Reconciliation of Level Three Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
IRLCs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 44,486	$ 141,629	$ 130,338	$ 19,922
Net transfers and revaluation gains	(8,765)	44,387	(94,617)	166,094
Ending balance	35,721	186,016	35,721	186,016
Contingent Liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	20,416	22,952	18,094	8,073
Payments	(12,656)	(8,742)	(23,448)	(13,888)
Additions	63,956		63,956
Valuation adjustments	5,473	7,880	18,587	27,905
Ending balance	$ 77,189	$ 22,090	$ 77,189	$ 22,090

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Financial Assets Measured at Fair Value on Nonrecurring Basis (Details) - Non-Recurring Fair Value Measurements - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets:
Ginnie Mae loans subject to repurchase right	$ 913,438	$ 1,275,842
Liabilities:
Ginnie Mae loans subject to repurchase right	913,438	1,277,026
Ginnie Mae
Assets:
Ginnie Mae loans subject to repurchase right	913,438	1,275,842
Liabilities:
Ginnie Mae loans subject to repurchase right	913,438	1,277,026
Level 1
Assets:
Ginnie Mae loans subject to repurchase right	0	0
Liabilities:
Ginnie Mae loans subject to repurchase right	0	0
Level 1 | Ginnie Mae
Assets:
Ginnie Mae loans subject to repurchase right	0	0
Liabilities:
Ginnie Mae loans subject to repurchase right	0	0
Level 2
Assets:
Ginnie Mae loans subject to repurchase right	913,438	1,275,842
Liabilities:
Ginnie Mae loans subject to repurchase right	913,438	1,277,026
Level 2 | Ginnie Mae
Assets:
Ginnie Mae loans subject to repurchase right	913,438	1,275,842
Liabilities:
Ginnie Mae loans subject to repurchase right	913,438	1,277,026
Level 3
Assets:
Ginnie Mae loans subject to repurchase right	0	0
Liabilities:
Ginnie Mae loans subject to repurchase right	0	0
Level 3 | Ginnie Mae
Assets:
Ginnie Mae loans subject to repurchase right	0	0
Liabilities:
Ginnie Mae loans subject to repurchase right	$ 0	$ 0

Fair Value Measurements - Sum_4

Fair Value Measurements - Summary of Fair Value Option for Mortgage Loans Held for Sale (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value	$ 2,139,346	$ 2,368,777	$ 2,239,150	$ 1,504,842
Principal Amount Due Upon Maturity	2,110,692	2,293,895
Difference	$ 28,654	$ 74,882

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands	Jul. 01, 2021	Sep. 30, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Contingent liabilities due to acquisitions		$ 77,189	$ 18,094
Goodwill		$ 175,144	$ 62,834
RMS
Business Acquisition [Line Items]
Purchase price	$ 265,031
Cash paid at closing of the transaction	$ 185,786
Shares issued for acquisition (in shares)	996,644
Contingent liabilities due to acquisitions	$ 64,000
Goodwill	112,310
Business acquisition, transaction costs	5,200
Acquired intangible assets	$ 45,000

Acquisitions - Schedule of Purc

Acquisitions - Schedule of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jul. 01, 2021	Sep. 30, 2021	Dec. 31, 2020
Fair value of liabilities assumed:
Goodwill		$ 175,144	$ 62,834
RMS
Purchase price:
Cash paid at closing of the transaction	$ 185,786
Fair value of Class A common stock issued	15,289
Estimated fair value of contingent consideration	63,956
Total purchase price	265,031
Fair value of assets acquired:
Cash, cash equivalents and restricted cash	85,559
Mortgage loans held for sale	465,020
Acquired intangible assets	45,000
Right-of-use assets	11,855
Other	35,213
Total assets acquired	642,647
Fair value of liabilities assumed:
Warehouse lines of credit	431,175
Accounts payable and accrued expenses	26,960
Operating lease liabilities	12,959
Deferred taxes	16,231
Other	2,601
Total liabilities assumed	489,926
Fair value of net identifiable assets acquired	152,721
Goodwill	$ 112,310

Acquisitions - Schedule of Inta

Acquisitions - Schedule of Intangible Assets Acquired (Details) - RMS - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2021	Jul. 01, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value		$ 45,000
Referral network
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value		42,300
Weighted-Average Estimated Useful Life	6 years
Non-compete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value		$ 2,700
Weighted-Average Estimated Useful Life	3 years

Acquisitions - Schedule of Pro

Acquisitions - Schedule of Pro Forma Information (Details) - RMS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Business Acquisition [Line Items]
Net revenues, actual since acquisition date	$ 66,382		$ 66,382
Net income, actual since acquisition date	$ 18,283		$ 18,283
Net revenues, pro forma		$ 683,400		$ 1,406,989
Net income, pro forma		$ 223,524		$ 355,494

Accounts and Interest Receiva_3

Accounts and Interest Receivable - Schedule of Accounts and Interest Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Receivables [Abstract]
Trust advances	$ 28,570	$ 36,241
Foreclosure advances, net	14,399	2,894
Receivables related to loan sales	2,396	2,707
Other	6,815	1,548
Total accounts and interest receivable	$ 52,180	$ 43,390

Accounts and Interest Receiva_4

Accounts and Interest Receivable - Schedule of Activity of the Foreclosure Loss Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Foreclosure Loss Reserve [Abstract]
Balance — beginning of period	$ 12,790	$ 8,342	$ 12,402	$ 7,869
Foreclosure loss reserve	204	(975)	(1,427)	(2,362)
Provision (relieved) charged to operations	(2,325)	547	(306)	2,407
Balance — end of period	$ 10,669	$ 7,914	$ 10,669	$ 7,914

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Other Assets [Abstract]
Prepaid expenses	$ 19,698	$ 16,652
Company owned life insurance	37,437	29,910
Property and equipment, net	16,967	14,773
Right-of-use assets	87,145	87,508
Income tax receivable	9,630	0
Real estate owned	189	1,354
Land	147	0
Trading securities	104	78
Total other assets	$ 171,317	$ 150,275

Other Assets - Summary of Prope

Other Assets - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Property Plant and Equipment [Line Items]
Property and equipment, gross	$ 83,483	$ 60,909
Accumulated depreciation	(66,516)	(46,136)
Property and equipment, net	16,967	14,773
Computer equipment
Property Plant and Equipment [Line Items]
Property and equipment, gross	32,127	22,946
Furniture and equipment
Property Plant and Equipment [Line Items]
Property and equipment, gross	25,923	18,301
Leasehold improvements
Property Plant and Equipment [Line Items]
Property and equipment, gross	15,836	12,307
Internal-use software in production
Property Plant and Equipment [Line Items]
Property and equipment, gross	2,195	1,716
Internal-use software
Property Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,402	$ 5,639

Other Assets - Additional Infor

Other Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense for property and equipment	$ 2.1	$ 1.8	$ 5.4	$ 5.5

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Net Unrealized Hedging Gains (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains (losses)			$ (52,758)	$ 160,167
Not Designated as Hedging Instruments | Loan Origination Fees and Gain on Sale of Loans, Net
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gains (losses)	$ (4,153)	$ 61,969	$ (52,758)	$ 160,167

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Notional and Fair Value of Derivative Financial Instruments Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instruments - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
IRLCs
Derivative [Line Items]
Notional Value	$ 3,992,088	$ 5,151,179
Derivative Asset	35,721	130,338
Derivative Liability	0	0
Forward commitments
Derivative [Line Items]
Notional Value	4,104,845	5,480,491
Derivative Asset	20,071	0
Derivative Liability	$ 0	$ 38,270

Derivative Financial Instrume_5

Derivative Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding forward contracts and mandatory sell commitments	$ 868,300,000		$ 868,300,000		$ 895,200,000
Closed hedge instruments not yet settled	710,400,000		710,400,000		$ 908,000,000
Credit losses due to nonperformance of counterparties	$ 0	$ 0	$ 0	$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments - Schedule of Quantitative Information About IRLCs and Fair Value Measurements (Details) - IRLCs	Sep. 30, 2021	Dec. 31, 2020
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loan funding probability (“pull-through”)	0.00%	0.00%
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loan funding probability (“pull-through”)	100.00%	100.00%
Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Loan funding probability (“pull-through”)	91.10%	87.80%

Derivative Financial Instrume_7

Derivative Financial Instruments - Schedule of Financial Liabilities are Subject to Master Netting Arrangements or Similar Agreements Categorized by Financial Instrument (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Gross Amounts of Recognized Assets (Liabilities)
Total assets (liabilities)		$ (43,095)
Gross Amounts Offset in the Balance Sheet
Total assets (liabilities)		4,825
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative asset	$ 55,792	130,338
Derivative liability	0	(38,270)
Total assets (liabilities)		(38,270)
Derivative Contract Subject to Master Netting Arrangements or Similar Agreements
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset	22,712
Gross Amounts Offset in the Balance Sheet
Derivative asset	(2,641)
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative asset	20,071
Forward delivery commitments
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset	22,088
Derivative liability		(54,419)
Gross Amounts Offset in the Balance Sheet
Derivative asset	(2,641)
Derivative liability		4,825
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative asset	19,447
Derivative liability		(49,594)
Best efforts sales commitments
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset	486
Derivative liability		(3,656)
Gross Amounts Offset in the Balance Sheet
Derivative asset	0
Derivative liability		0
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative asset	486
Derivative liability		(3,656)
Margin calls
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset	138	14,980
Gross Amounts Offset in the Balance Sheet
Derivative asset	0	0
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative asset	$ 138	$ 14,980

Mortgage Servicing Rights - Sum

Mortgage Servicing Rights - Summary of Activity of Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance — beginning of period	$ 578,690	$ 336,687	$ 446,998	$ 418,402
MSRs originated and acquired through acquisitions	81,994	96,510	262,732	219,605
Changes in fair value:
Due to collection/realization of cash flows	(37,313)	(31,540)	(117,119)	(85,270)
Due to changes in valuation model inputs or assumptions	1,778	(9,466)	32,538	(160,546)
Balance — end of period	$ 625,149	$ 392,191	$ 625,149	$ 392,191

Mortgage Servicing Rights - S_2

Mortgage Servicing Rights - Summary of the Weighted Average Discount Rate, Prepayment Speed and Cost to Service Assumptions Used to Determine the Fair Value of MSRs (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Minimum
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Discount rate	9.30%	9.20%
Prepayment rate	7.60%	10.00%
Cost to service (per loan)	$ 71.8	$ 71
Maximum
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Discount rate	15.50%	15.50%
Prepayment rate	33.00%	38.80%
Cost to service (per loan)	$ 299.8	$ 409.4
Weighted Average
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items]
Discount rate	9.90%	10.00%
Prepayment rate	14.30%	18.20%
Cost to service (per loan)	$ 91.1	$ 92.5

Mortgage Servicing Rights - Add

Mortgage Servicing Rights - Additional Information (Details) - USD ($) $ in Billions	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Transfers and Servicing [Abstract]
Mortgage servicing right weighted average life	5 years 8 months 12 days	5 years 1 month 6 days
Unpaid principal balance of mortgage loans serviced	$ 69.2	$ 60.8

Mortgage Servicing Rights - S_3

Mortgage Servicing Rights - Summary of Actual Revenue Generated from Servicing Activities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Transfers and Servicing [Abstract]
Servicing fees from servicing portfolio	$ 48,713	$ 38,994	$ 138,604	$ 113,172
Late fees	1,468	1,193	3,988	3,828
Other ancillary servicing revenue (expense)	67		507
Other ancillary servicing revenue (expense)		(28)		(531)
Total loan servicing and other fees	$ 50,248	$ 40,159	$ 143,099	$ 116,469

Mortgage Servicing Rights - S_4

Mortgage Servicing Rights - Summary of Impact of Adverse Changes on Prepayment Speeds, Discount Rate and Cost to Service at Two Different Data Points (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Transfers and Servicing [Abstract]
Mortgage servicing rights, Prepayment Speeds, 10% Adverse Change	$ (43,147)	$ (36,117)
Mortgage servicing rights, Prepayment Speeds, 20% Adverse Change	(75,581)	(66,419)
Mortgage servicing rights, Discount Rates 10%, Adverse Change	(29,430)	(18,638)
Mortgage servicing rights, Discount Rates 20%, Adverse Change	(49,293)	(32,312)
Mortgage servicing rights, Cost to Service (per loan) 10%, Adverse Change	(16,020)	(10,334)
Mortgage servicing rights, Cost to Service (per loan) 20%, Adverse Change	$ (23,967)	$ (16,700)

Investor Reserves (Details)

Investor Reserves (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Investor Reserves [Roll Forward]
Balance — beginning of year	$ 16,827	$ 23,886	$ 14,535	$ 16,521
Benefit from investor reserves	(1,646)	(3,601)	(4,958)	(7,289)
Investor reserves acquired from RMS	1,507	0	1,507	0
Provision for investor reserves charged to operations	1,977	(1,044)	7,581	10,009
Balance — end of year	$ 18,665	$ 19,241	$ 18,665	$ 19,241

Mortgage Loans Held for Sale -

Mortgage Loans Held for Sale - Summary of Reconciliation of Changes in Mortgage Loans Held for Sale to Amounts Presented in Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Mortgages Held For Sale [Roll Forward]
Balance — beginning of period	$ 2,368,777	$ 1,504,842
Origination of mortgage loans held for sale	28,192,471	24,657,750
Proceeds on sale of payments from mortgage loans held for sale	(29,847,321)	(24,873,813)
Mortgage loans acquired (see Note 3)	465,020	0
Gain on sale of mortgage loans excluding fair value of other financial instruments, net	1,019,439	897,467
Valuation adjustment of mortgage loans held for sale	(59,040)	52,904
Balance — end of period	$ 2,139,346	$ 2,239,150

Mortgage Loans Held for Sale _2

Mortgage Loans Held for Sale - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Mortgage Loans Held For Sale [Abstract]
Mortgage loans held for sale including unpaid principal balances of underlying loans	$ 2,110,692	$ 2,293,895
Mortgage loans held for sale	$ 2,139,346	$ 2,368,777	$ 2,239,150	$ 1,504,842

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 62,834
Goodwill acquired (see Note 3)	112,310
Ending balance	$ 175,144

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Intangibles	$ 45,000	$ 45,000
Accumulated Amortization	1,987	1,987
Net Intangibles	43,013	$ 43,013	$ 0
Weighted Average Amortization Period		5 years 6 months 25 days
Amortization of intangible assets	2,000	$ 2,000
Referral network
Finite-Lived Intangible Assets [Line Items]
Gross Intangibles	42,300	42,300
Accumulated Amortization	1,762	1,762
Net Intangibles	40,538	$ 40,538
Weighted Average Amortization Period		5 years 9 months
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Intangibles	2,700	$ 2,700
Accumulated Amortization	225	225
Net Intangibles	$ 2,475	$ 2,475
Weighted Average Amortization Period		2 years 9 months

Warehouse Lines of Credit - Sum

Warehouse Lines of Credit - Summary of Warehouse Lines of Credit (Details) - Line of Credit - USD ($)	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Warehouse Agreement Borrowings
Warehouse Lines of Credit [Line Items]
Warehouse lines of credit	$ 1,909,574,000	$ 2,145,584,000
Prepaid commitment fees	(1,579,000)	(2,141,000)
Total	1,907,995,000	2,143,443,000
Warehouse Agreement Borrowings | $800 Million Master Repurchase Facility Agreement Due January 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	800,000,000
Warehouse lines of credit	$ 262,389,000	442,593,000
Line of credit, floor interest rate	0.75%
Warehouse Agreement Borrowings | $250 Million Master Repurchase Facility Agreement Due September 2021
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 250,000,000
Warehouse lines of credit	175,901,000	148,011,000
Minimum deposit required for line of credit	1,250,000
Warehouse Agreement Borrowings | $500 Million Master Repurchase Facility Agreement Due February 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	500,000,000
Warehouse lines of credit	289,547,000	541,074,000
Minimum deposit required for line of credit	2,500,000
Warehouse Agreement Borrowings | $200 Million Master Repurchase Facility Agreement Due June 2021
Warehouse Lines of Credit [Line Items]
Borrowing capacity	200,000,000
Warehouse lines of credit	99,873,000	187,214,000
Minimum deposit required for line of credit	$ 750,000
Warehouse Agreement Borrowings | $200 Million Master Repurchase Facility Agreement Due June 2021 | LIBOR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	1.525%
Warehouse Agreement Borrowings | $300 Million Master Repurchase Facility Agreement Due September 2021
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 300,000,000
Warehouse lines of credit	$ 134,855,000	232,272,000
Warehouse Agreement Borrowings | $300 Million Master Repurchase Facility Agreement Due September 2021 | LIBOR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	0.40%
Warehouse Agreement Borrowings | $500 Million Master Repurchase Facility Agreement Due July 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 500,000,000
Warehouse lines of credit	$ 299,674,000	464,355,000
Warehouse Agreement Borrowings | $500 Million Master Repurchase Facility Agreement Due July 2022 | LIBOR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	0.50%
Warehouse Agreement Borrowings | $200 Million Master Repurchase Facility Agreement Due April 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 200,000,000
Warehouse lines of credit	$ 117,980,000	104,880,000
Warehouse Agreement Borrowings | $200 Million Master Repurchase Facility Agreement Due April 2022 | LIBOR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	1.00%
Warehouse Agreement Borrowings | $250 Million Master Repurchase Facility Agreement Due 30 Days From Written Notice
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 250,000,000
Warehouse lines of credit	$ 170,786,000	0
Maturity, period from written notice	30 days
Warehouse Agreement Borrowings | $75 Million Master Repurchase Facility Agreement Due March 2024
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 75,000,000
Warehouse lines of credit	$ 38,108,000	25,185,000
Stated interest rate	3.375%
Maximum term of buyout transactions on facility	4 years
Warehouse Agreement Borrowings | $200 Million Master Repurchase Facility Agreement Due January 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 200,000,000
Warehouse lines of credit	$ 148,459,000	0
Warehouse Agreement Borrowings | $200 Million Master Repurchase Facility Agreement Due January 2022 | LIBOR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	0.75%
Debt instrument variable rate	1.75%
Warehouse Agreement Borrowings | $200 Million Master Repurchase Facility Agreement
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 200,000,000
Warehouse lines of credit	$ 103,739,000	0
Maturity, period from written notice	30 days
Warehouse Agreement Borrowings | $200 Million Master Repurchase Facility Agreement | LIBOR
Warehouse Lines of Credit [Line Items]
Debt instrument variable rate	1.75%
Warehouse Agreement Borrowings | $30 Million Master Repurchase Facility Agreement
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 30,000,000
Warehouse lines of credit	$ 13,712,000	0
Warehouse Agreement Borrowings | $30 Million Master Repurchase Facility Agreement | LIBOR | Minimum
Warehouse Lines of Credit [Line Items]
Debt instrument variable rate	2.00%
Warehouse Agreement Borrowings | $30 Million Master Repurchase Facility Agreement | LIBOR | Maximum
Warehouse Lines of Credit [Line Items]
Debt instrument variable rate	3.50%
Warehouse Agreement Borrowings | $75 Million Master Repurchase Facility Agreement Due March 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 75,000,000
Warehouse lines of credit	$ 54,551,000	$ 0
Warehouse Agreement Borrowings | $75 Million Master Repurchase Facility Agreement Due March 2022 | LIBOR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	0.75%
Debt instrument variable rate	1.75%
Construction Loan Advances | $200 Million Master Repurchase Facility Agreement Due January 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 10,000,000
Construction Loan Advances | $200 Million Master Repurchase Facility Agreement Due January 2022 | LIBOR
Warehouse Lines of Credit [Line Items]
Debt instrument variable rate	3.00%
Construction Loan Advances | $30 Million Master Repurchase Facility Agreement
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 10,000,000
Construction Loan Advances | $30 Million Master Repurchase Facility Agreement | LIBOR
Warehouse Lines of Credit [Line Items]
Debt instrument variable rate	2.50%
Construction Loan Advances | $75 Million Master Repurchase Facility Agreement Due March 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 20,000,000
Construction Loan Advances | $75 Million Master Repurchase Facility Agreement Due March 2022 | LIBOR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	1.00%
Debt instrument variable rate	2.65%

Warehouse Lines of Credit - Add

Warehouse Lines of Credit - Additional Information (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Warehouse Lines of Credit [Line Items]
Warehouse lines of credit	$ 1,907,995,000	$ 2,143,443,000
Line of Credit
Warehouse Lines of Credit [Line Items]
Warehouse lines of credit	$ 0	$ 0
Warehouse Agreement Borrowings | Line of Credit
Warehouse Lines of Credit [Line Items]
Weighted average interest rate	2.30%	2.50%
Cash balances	$ 49,800,000	$ 15,600,000

Notes Payable - Additional Info

Notes Payable - Additional Information (Details) - USD ($)	1 Months Ended
	Jul. 31, 2021	Mar. 31, 2021	Jan. 31, 2014	Sep. 30, 2021	Mar. 01, 2021	Feb. 28, 2021	Dec. 31, 2020	Sep. 30, 2020	Jul. 31, 2020	Jul. 31, 2017
Term Note
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 175,000,000
Maximum amount of committed to increase						$ 76,500,000
Outstanding borrowings				$ 100,000,000	$ 76,500,000		$ 80,800,000
Periodic payment, principal, percentage of outstanding balance				5.00%
New Term Note
Debt Instrument [Line Items]
Maximum amount of committed to increase				$ 125,000,000
Federal Funds Rate | Term Note
Debt Instrument [Line Items]
Debt instrument variable rate		0.50%
Eurodollar Base Rate | Term Note
Debt Instrument [Line Items]
Debt instrument variable rate		1.00%
Government National Mortgage Association | Revolving Credit Facility
Debt Instrument [Line Items]
Unused facility fee percentage			70.00%
Line of credit facility, maximum borrowing capacity								$ 135,000,000
Maximum amount of committed to increase								$ 200,000,000
Outstanding borrowings				45,000,000			45,000,000
Government National Mortgage Association | LIBOR | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, floor interest rate			4.50%
Federal Home Loan Mortgage Corporation | Revolving Credit Facility
Debt Instrument [Line Items]
Unused facility fee percentage	50.00%
Line of credit facility, maximum borrowing capacity									$ 65,000,000	$ 25,000,000
Outstanding borrowings				$ 20,000,000			$ 20,000,000
Federal Home Loan Mortgage Corporation | LIBOR | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, floor interest rate	0.50%

Notes Payable - Summary of Mini

Notes Payable - Summary of Minimum Calendar Year Payments of Term Note (Details) - Term Note $ in Thousands	Sep. 30, 2021USD ($)
Debt Instrument [Line Items]
2022	$ 15,000
2023	20,000
2024	65,000
Total	$ 100,000

Earnings Per Share - Components

Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income available for Class A and Class B Common Stock	$ 72,096	$ 8,938	$ 160,604	$ 181,822	$ 122,975	$ (12,986)	$ 241,638	$ 291,811
Weighted-average shares outstanding - basic (in shares)	60,986						60,332
Weighted-average shares outstanding - diluted (in shares)	61,400						60,618
Basic earnings per share:
Class A and Class B Common Stock (in dollars per share)	$ 1.18						$ 4.01
Diluted earnings per share:
Class A and Class B Common Stock (in dollars per share)	$ 1.17						$ 3.99
Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted-average shares outstanding - basic (in shares)	20,653						19,999
Add dilutive effects of non-vested shares of restricted stock - Class A (in shares)	414						286
Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted-average shares outstanding - basic (in shares)	40,333						40,333

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details)	9 Months Ended
	Sep. 30, 2021classvoteshares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Number of shares excluded from calculation of earnings per share | shares	0
Number of classes of stock | class	2
Restricted Stock Units
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Right to receive common stock, upon vesting	1
Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, voting rights, votes per share	1
Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, voting rights, votes per share	10

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - Restricted Stock Units $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2021USD ($)
Stock Based Compensation And Employee Benefit Plans [Line Items]
Compensation costs recognized	$ 1.5	$ 4.6
Unrecognized compensation costs	$ 15.5	$ 15.5
Restricted stock grants expected to recognition period		2 years 10 months 24 days

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Billions	Sep. 30, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Total commitments to originate loans	$ 4	$ 5.2
Total commitments related to derivatives	$ 4.1	$ 5.5

Minimum Net Worth Requirements

Minimum Net Worth Requirements - Additional Information (Details) $ in Thousands	Dec. 31, 2020USD ($)
Mortgage Banking [Abstract]
Minimum adjusted net worth balance required	$ 78,064

Segments - Additional Informati

Segments - Additional Information (Details)	9 Months Ended
	Sep. 30, 2021stateloansegment
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Servicing
Segment Reporting Information [Line Items]
Number of states in which entity operates | state	48
Minimum | Servicing
Segment Reporting Information [Line Items]
Number of loans serviced | loan	1

Segments - Summary of Financial

Segments - Summary of Financial Performance and Results by Segment (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue
Loan origination fees and gain on sale of loans, net	$ 396,961			$ 565,009			$ 1,174,308	$ 1,298,302
Loan servicing and other fees	50,248			40,159			143,099	116,469
Valuation adjustment of mortgage servicing rights	(35,535)			(41,006)			(84,581)	(245,816)
Interest income (expense)	1,342			(583)			356	(1,075)
Other income, net	(59)			(35)			71	(39)
Net revenue	412,957			563,544			1,233,253	1,167,841
Expenses
Salaries, incentive compensation and benefits	270,894			273,560			770,181	650,458
General and administrative	24,807			27,255			83,508	75,447
Occupancy, equipment and communication	18,014			14,315			47,508	41,515
Depreciation and amortization	4,107			1,822			7,369	5,515
Provision for foreclosure losses	(2,325)			547			(306)	2,407
Income tax expense	25,364			64,223			83,355	100,688
Net income (loss)	72,096	$ 8,938	$ 160,604	181,822	$ 122,975	$ (12,986)	241,638	291,811
Operating Segments
Revenue
Loan origination fees and gain on sale of loans, net	396,961			565,009			1,174,308	1,298,302
Loan servicing and other fees	50,248			40,159			143,099	116,469
Valuation adjustment of mortgage servicing rights	(35,535)			(41,006)			(84,581)	(245,816)
Interest income (expense)	2,927			1,451			4,930	5,277
Other income, net	(25)			12			47	32
Net revenue	414,576			565,625			1,237,803	1,174,264
Expenses
Salaries, incentive compensation and benefits	263,071			250,702			743,235	608,211
General and administrative	23,448			24,703			76,913	70,461
Occupancy, equipment and communication	16,066			12,458			44,131	37,672
Depreciation and amortization	3,730			1,346			6,131	4,095
Provision for foreclosure losses	(2,325)			547			(306)	2,407
Income tax expense	0			0			0	0
Net income (loss)	110,586			275,869			367,699	451,418
Corporate, Non-Segment
Revenue
Loan origination fees and gain on sale of loans, net	0			0			0	0
Loan servicing and other fees	0			0			0	0
Valuation adjustment of mortgage servicing rights	0			0			0	0
Interest income (expense)	(1,585)			(2,034)			(4,574)	(6,352)
Other income, net	(34)			(47)			24	(71)
Net revenue	(1,619)			(2,081)			(4,550)	(6,423)
Expenses
Salaries, incentive compensation and benefits	7,823			22,858			26,946	42,247
General and administrative	1,359			2,552			6,595	4,986
Occupancy, equipment and communication	1,948			1,857			3,377	3,843
Depreciation and amortization	377			476			1,238	1,420
Provision for foreclosure losses	0			0			0	0
Income tax expense	25,364			64,223			83,355	100,688
Net income (loss)	(38,490)			(94,047)			(126,061)	(159,607)
Origination | Operating Segments
Revenue
Loan origination fees and gain on sale of loans, net	392,672			563,162			1,166,626	1,293,621
Loan servicing and other fees	0			0			0	0
Valuation adjustment of mortgage servicing rights	0			0			0	0
Interest income (expense)	4,746			3,840			11,247	10,274
Other income, net	(32)			15			0	32
Net revenue	397,386			567,017			1,177,873	1,303,927
Expenses
Salaries, incentive compensation and benefits	256,728			244,442			722,604	589,875
General and administrative	21,507			22,517			69,301	64,534
Occupancy, equipment and communication	15,107			11,313			41,038	34,876
Depreciation and amortization	3,564			1,328			5,553	3,766
Provision for foreclosure losses	0			0			0	0
Income tax expense	0			0			0	0
Net income (loss)	100,480			287,417			339,377	610,876
Servicing | Operating Segments
Revenue
Loan origination fees and gain on sale of loans, net	4,289			1,847			7,682	4,681
Loan servicing and other fees	50,248			40,159			143,099	116,469
Valuation adjustment of mortgage servicing rights	(35,535)			(41,006)			(84,581)	(245,816)
Interest income (expense)	(1,819)			(2,389)			(6,317)	(4,997)
Other income, net	7			(3)			47	0
Net revenue	17,190			(1,392)			59,930	(129,663)
Expenses
Salaries, incentive compensation and benefits	6,343			6,260			20,631	18,336
General and administrative	1,941			2,186			7,612	5,927
Occupancy, equipment and communication	959			1,145			3,093	2,796
Depreciation and amortization	166			18			578	329
Provision for foreclosure losses	(2,325)			547			(306)	2,407
Income tax expense	0			0			0	0
Net income (loss)	$ 10,106			$ (11,548)			$ 28,322	$ (159,458)

Subsequent Event (Details)

Subsequent Event (Details) - $ / shares	Nov. 04, 2021	Jun. 30, 2021	Mar. 31, 2020
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)		$ 1	$ 10,772
Subsequent Event
Subsequent Event [Line Items]
Common stock dividends declared (in dollars per share)	$ 1