Guild (GHLD) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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	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	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		20,549,390
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	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 248,987	$ 243,108
Restricted cash	5,592	5,012
Mortgage loans held for sale	1,249,809	2,204,216
Ginnie Mae loans subject to repurchase right	616,335	728,978
Accounts and interest receivable	23,517	68,359
Derivative assets	23,080	27,961
Mortgage servicing rights, net	1,030,310	675,340
Intangible assets, net	37,050	41,025
Goodwill	173,434	175,144
Other assets	192,845	214,061
Total assets	3,600,959	4,383,204
Liabilities and stockholders’ equity
Warehouse lines of credit	1,148,551	1,927,478
Notes payable	118,750	250,227
Ginnie Mae loans subject to repurchase right	616,638	729,260
Accounts payable and accrued expenses	44,488	56,836
Accrued compensation and benefits	46,711	75,079
Investor reserves	16,919	18,437
Contingent liabilities due to acquisitions	1,557	59,500
Derivative liabilities	4,121	2,079
Operating lease liabilities	91,272	97,836
Note due to related party	1,580	2,614
Deferred compensation plan	95,040	101,600
Deferred tax liabilities	227,502	142,245
Total liabilities	2,413,129	3,463,191
Commitments and contingencies (Note 14)
Stockholders’ equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding	0	0
Additional paid-in capital	43,666	42,175
Retained earnings	1,143,489	877,194
Non-controlling interest	66	34
Total stockholders’ equity	1,187,830	920,013
Total liabilities and stockholders’ equity	3,600,959	4,383,204
Class A Common Stock
Stockholders’ equity
Common stock	206	207
Class B Common Stock
Stockholders’ equity
Common stock	$ 403	$ 403

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
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)	20,616,015	20,723,912
Common stock, shares, outstanding (in shares)	20,616,015	20,723,912
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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Loan origination fees and gain on sale of loans, net	$ 207,972	$ 330,759	$ 450,611	$ 777,347
Loan servicing and other fees	54,595	47,652	107,772	92,851
Valuation adjustment of mortgage servicing rights	21,074	(84,789)	205,675	(49,046)
Interest income	14,823	14,635	30,086	29,734
Interest expense	(10,949)	(14,209)	(25,087)	(30,720)
Other income, net	22	61	242	130
Net revenue	287,537	294,109	769,299	820,296
Expenses
Salaries, incentive compensation and benefits	178,192	232,563	365,521	499,287
General and administrative	6,371	31,794	741	58,701
Occupancy, equipment and communication	18,973	14,662	37,285	29,494
Depreciation and amortization	3,808	1,608	7,721	3,262
Provision (relief) for foreclosure losses	1,796	(442)	1,475	2,019
Total expenses	209,140	280,185	412,743	592,763
Income before income tax expense	78,397	13,924	356,556	227,533
Income tax expense	20,108	4,986	90,294	57,991
Net income	58,289	8,938	266,262	169,542
Net income attributable to non-controlling interest	17	0	32	0
Net income attributable to Guild	$ 58,272	$ 8,938	$ 266,230	$ 169,542
Net income per share attributable to Class A and Class B Common Stock:
Basic (in dollars per share)	$ 0.95	$ 0.15	$ 4.36	$ 2.83
Diluted (in dollars per share)	$ 0.95	$ 0.15	$ 4.31	$ 2.81
Weighted average shares outstanding of Class A and Class B Common Stock:
Basic (in shares)	61,064	60,000	61,060	60,000
Diluted (in shares)	61,650	60,260	61,779	60,234

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 Class A Common Stock	Common​ Stock Class B Common Stock	Additional Paid-In Capital	Retained Earnings	Non-Controlling Interests
Beginning balance (in shares) at Dec. 31, 2020				19,666,981	40,333,019
Beginning balance at Dec. 31, 2020	$ 735,992			$ 197	$ 403	$ 18,035	$ 717,357	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,632					1,632
Net income	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
Beginning balance at Dec. 31, 2020	735,992			$ 197	$ 403	18,035	717,357	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	169,542
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	0
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,457					1,457
Common stock dividends	(60,000)						(60,000)
Dividend equivalents on unvested restricted stock units	0					1,447	(1,447)
Net income	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	0
Beginning balance (in shares) at Dec. 31, 2021		20,723,912	40,333,019	20,723,912	40,333,019
Beginning balance at Dec. 31, 2021	920,013			$ 207	$ 403	42,175	877,194	34
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,272					1,272
Dividend equivalents on unvested restricted stock units						(40)	40
Net income	207,973						207,958	15
Ending balance (in shares) at Mar. 31, 2022				20,723,912	40,333,019
Ending balance at Mar. 31, 2022	1,129,258			$ 207	$ 403	43,407	1,085,192	49
Beginning balance (in shares) at Dec. 31, 2021		20,723,912	40,333,019	20,723,912	40,333,019
Beginning balance at Dec. 31, 2021	920,013			$ 207	$ 403	42,175	877,194	34
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	266,262
Ending balance (in shares) at Jun. 30, 2022		20,616,015	40,333,019	20,616,015	40,333,019
Ending balance at Jun. 30, 2022	1,187,830			$ 206	$ 403	43,666	1,143,489	66
Beginning balance (in shares) at Mar. 31, 2022				20,723,912	40,333,019
Beginning balance at Mar. 31, 2022	1,129,258			$ 207	$ 403	43,407	1,085,192	49
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,728					1,728
Dividend equivalents on unvested restricted stock units	0					(25)	25
Vesting of restricted stock units				34,055
Stock repurchased and retired during period (in shares)				(141,952)
Stock repurchased and retired during period	(1,445)			$ (1)		(1,444)
Net income	58,289						58,272	17
Ending balance (in shares) at Jun. 30, 2022		20,616,015	40,333,019	20,616,015	40,333,019
Ending balance at Jun. 30, 2022	$ 1,187,830			$ 206	$ 403	$ 43,666	$ 1,143,489	$ 66

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (unaudited) (Parenthetical)	3 Months Ended
	Jun. 30, 2022 $ / shares
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in dollars per share)	$ 1

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net income	$ 266,262	$ 169,542
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,721	3,262
Valuation adjustment of mortgage servicing rights	(205,675)	49,046
Valuation adjustment of mortgage loans held for sale	33,648	36,059
Unrealized loss on derivatives	6,924	48,605
Amortization of right-of-use assets	8,531	7,512
(Relief) provision for investor reserves	(896)	5,604
Provision for foreclosure losses	1,475	2,019
Valuation adjustment of contingent liabilities due to acquisitions	(45,402)	13,114
Gain on sale of mortgage loans excluding fair value of other financial instruments, net	(340,002)	(671,268)
Deferred income taxes	85,257	13,690
Other	(4,938)	2,580
Benefit from investor reserves	(622)	(3,312)
Foreclosure loss reserve	(833)	(1,631)
Stock-based compensation	3,000	3,089
Changes in operating assets and liabilities:
Origination of mortgage loans held for sale	(11,908,191)	(18,077,556)
Proceeds on sale of and payments from mortgage loans held for sale	13,168,952	18,927,552
Accounts and interest receivable	44,200	1,746
Other assets	2,208	(4,244)
Mortgage servicing rights	(149,295)	(180,738)
Accounts payable and accrued expenses	(12,351)	4,255
Accrued compensation and benefits	(28,368)	(37,622)
Income taxes	7,056	(10,737)
Contingent liability payments	(5,241)	(10,792)
Operating lease liabilities	(8,028)	(4,324)
Deferred compensation plan liability	4,035	5,392
Real estate owned, net	21	39
Net cash provided by operating activities	929,448	290,882
Cash flows from investing activities
Proceeds from the sale of property and equipment	176	38
Purchases of property and equipment	(2,546)	(2,019)
Net cash used in investing activities	(2,370)	(1,981)
Cash flows from financing activities
Borrowings on warehouse lines of credit	11,756,682	17,569,580
Repayments on warehouse lines of credit	(12,536,045)	(17,829,843)
Borrowings on MSR notes payable	0	23,500
Repayments on MSR notes payable	(131,250)	(4,250)
Contingent liability payments	(7,300)	0
Net change in notes payable	(1,261)	(1,005)
Repurchases of Class A common stock	(1,445)	0
Dividends paid	0	(60,000)
Net cash used in financing activities	(920,619)	(302,018)
Increase (decrease) in cash, cash equivalents and restricted cash	6,459	(13,117)
Cash, cash equivalents and restricted cash, beginning of period	248,120	339,633
Cash, cash equivalents and restricted cash, end of period	254,579	326,516
Cash, cash equivalents and restricted cash at end of period are comprised of the following:
Cash and cash equivalents	248,987	322,005
Restricted cash	5,592	4,511
Total cash, cash equivalents and restricted cash	254,579	326,516
Supplemental information
Cash paid for interest, net	19,690	22,819
Cash paid for income taxes, net of refunds	(2,068)	55,038
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Measurement period adjustment to goodwill	$ (1,710)	$ 0

Business, Basis of Presentation

Business, Basis of Presentation, and Accounting Policies	6 Months Ended
	Jun. 30, 2022
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, 2021 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, 2021. The Company follows the same accounting policies for preparing quarterly and annual reports. Principles of Consolidation The Company's condensed consolidated financial statements include the accounts of the Company, Guild Mortgage Company LLC ("GMC"), and their consolidated subsidiaries and those variable interest entities ("VIE") of which the Company is the primary beneficiary. Generally, a VIE is a legal entity in which the equity investors do not have the characteristics of a controlling financial interest or lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. In determining whether we are the primary beneficiary of a VIE, we consider qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIE’s economic performance and which party controls such activities; the amount and characteristics of our investment; the obligation or likelihood for us or other investors to provide financial support; and the similarity with and significance to our business activities and the business activities of the other investors. The Company consolidates one VIE. At June 30, 2022, the VIE had minimal assets and liabilities. 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. Beginning in early 2020 and continuing through 2022, the coronavirus (“COVID-19”) pandemic, including the emergence of new variants and strains of COVID-19, 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 World Health Organization, 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. 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 $0.9 billion and $1.1 billion at June 30, 2022 and December 31, 2021, respectively. Recent Accounting Standards In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-4, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides temporary optional expedients and exceptions to the US GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. ASU 2020-04 generally considers contract modifications related to reference rate reform to be an event that does not require contract remeasurement at the modification date nor a reassessment of a previous accounting determination. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope , which clarifies that the practical expedients in ASU 2020-04 apply to derivatives impacted by changes in the interest rate used for margining, discounting, or contract price alignment. The guidance in ASU 2020-04 is optional and may be elected over time, through December 31, 2022, as reference rate reform activities occur. Once ASU 2020-04 is elected, the guidance must be applied prospectively for all eligible contract modifications. The Company is in the process of transitioning its funding facilities and financing facilities that utilize LIBOR as the reference rate. For contracts to which ASC Topic 470, Debt applies, we have applied the optional expedients available from ASU 2020-04 and accounted for the contract modifications related to reference rate reform prospectively. Of the contracts that have been adjusted for the new reference rate, there has not been a material impact on the consolidated financial statements. We expect to amend the remaining borrowings before the July 1, 2023 LIBOR cessation date.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021, 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 June 30, 2022 and December 31, 2021, was 92.7% and 91.5%, 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 5 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 6 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 June 30, 2022 and December 31, 2021 the range of the risk adjusted discount rate was 12.6% - 14.0%, with a median of 13.9%, and 15.0% - 19.5%, with a median of 19.1%, 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 June 30, 2022: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 92 $ — $ — $ 92 Derivative Forward delivery commitments — 8,480 — 8,480 Interest rate lock commitments — — 14,600 14,600 Mortgage loans held for sale — 1,249,809 — 1,249,809 Mortgage servicing rights — — 1,030,310 1,030,310 Total assets at fair value $ 92 $ 1,258,289 $ 1,044,910 $ 2,303,291 Liabilities: Derivative Forward delivery commitments $ — $ 2,765 $ — $ 2,765 Best efforts sales commitments — 1,356 — 1,356 Contingent liabilities due to acquisitions — — 1,557 1,557 Total liabilities at fair value $ — $ 4,121 $ 1,557 $ 5,678 The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2021: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 107 $ — $ — $ 107 Derivative Forward delivery commitments — 5,842 — 5,842 Interest rate lock commitments — — 22,119 22,119 Mortgage loans held for sale — 2,204,216 — 2,204,216 Mortgage servicing rights — — 675,340 675,340 Total assets at fair value $ 107 $ 2,210,058 $ 697,459 $ 2,907,624 Liabilities: Derivative Forward delivery commitments $ — $ 2,079 $ — $ 2,079 Contingent liabilities due to acquisitions — — 59,500 59,500 Total liabilities at fair value $ — $ 2,079 $ 59,500 $ 61,579 The table below presents a reconciliation of certain Level Three assets and liabilities measured at fair value on a recurring basis for the periods ended: IRLCs Contingent Balance at March 31, 2022 $ (11,851) $ 20,438 Net transfers and revaluation gains 26,451 — Payments — (2,370) Valuation adjustments — (16,511) Balance at June 30, 2022 $ 14,600 $ 1,557 Balance at December 31, 2021 $ 22,119 $ 59,500 Net transfers and revaluation gains (7,519) — Payments — (12,541) Valuation adjustments — (45,402) Balance at June 30, 2022 $ 14,600 $ 1,557 Balance at March 31, 2021 $ 38,009 $ 16,568 Net transfers and revaluation gains 6,477 — Payments — (2,646) Valuation adjustments — 6,494 Balance at June 30, 2021 $ 44,486 $ 20,416 Balance at December 31, 2020 $ 130,338 $ 18,094 Net transfers and revaluation losses (85,852) — Payments — (10,792) Valuation adjustments — 13,114 Balance at June 30, 2021 $ 44,486 $ 20,416 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 six months ended June 30, 2022 and 2021. 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 June 30, 2022 and December 31, 2021, the Company had the following financial assets 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 ("UPB"). The Company’s future expected realizable cash flows are the cash payments of the remaining UPB 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 and liabilities measured at fair value on a non-recurring basis at June 30, 2022: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 616,335 $ — $ 616,335 Total assets at fair value $ — $ 616,335 $ — $ 616,335 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 616,638 $ — $ 616,638 Total liabilities at fair value $ — $ 616,638 $ — $ 616,638 The following table summarizes the Company’s financial assets and liabilities measured at fair value on a non-recurring basis at December 31, 2021: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 728,978 $ — $ 728,978 Total assets at fair value $ — $ 728,978 $ — $ 728,978 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 729,260 $ — $ 729,260 Total liabilities at fair value $ — $ 729,260 $ — $ 729,260 Fair Value Option The following is the estimated fair value and UPB 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 June 30, 2022 $ 1,249,809 $ 1,262,051 $ (12,242) Balance at December 31, 2021 $ 2,204,216 $ 2,184,326 $ 19,890 _______________________________ (1) Represents the amount of gains (losses) 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.

Accounts and Interest Receivabl

Accounts and Interest Receivable	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
ACCOUNTS AND INTEREST RECEIVABLE	ACCOUNTS AND INTEREST RECEIVABLE Accounts and interest receivable consisted of the following: June 30, 2022 December 31, 2021 Trust advances $ 21,671 $ 43,660 Foreclosure advances, net 1,903 19,311 Receivables related to loan sales, net (621) 3,043 Other 564 2,345 Total accounts and interest receivable $ 23,517 $ 68,359 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 June 30, Six Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 10,271 $ 13,350 $ 10,355 $ 12,402 Utilization of foreclosure reserve (1,070) (118) (833) (1,631) Provision (relief) charged to operations 1,796 (442) 1,475 2,019 Balance — end of period $ 10,997 $ 12,790 $ 10,997 $ 12,790

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2022
Other Assets [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consisted of the following: June 30, 2022 December 31, 2021 Prepaid expenses $ 26,878 $ 32,900 Company owned life insurance 37,286 38,824 Property and equipment, net 14,597 15,834 Right-of-use assets 79,416 86,484 Income tax receivable 33,950 39,295 Real estate owned 471 471 Land 155 146 Trading securities 92 107 Total other assets $ 192,845 $ 214,061 Property and equipment, net consisted of the following: June 30, 2022 December 31, 2021 Computer equipment $ 29,436 $ 30,355 Furniture and equipment 25,285 25,833 Leasehold improvements 18,125 16,214 Internal-use software in production 1,989 1,548 Internal-use software 8,661 8,557 Property and equipment, gross 83,496 82,507 Accumulated depreciation (68,899) (66,673) Property and equipment, net $ 14,597 $ 15,834 Depreciation and amortization expense for property and equipment was $1.8 million and $1.6 million for the three months ended June 30, 2022 and 2021, respectively and $3.7 million and $3.3 million for the six months ended June 30, 2022 and 2021, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Unrealized hedging losses $ (46,957) $ (91,606) $ (6,924) $ (48,605) Notional and Fair Value The notional and fair value of derivative financial instruments not designated as hedging instruments were as follows at June 30, 2022 and December 31, 2021: Fair Value Notional Derivative Derivative Balance at June 30, 2022 IRLCs $ 2,156,288 $ 14,600 $ — Forward commitments $ 2,446,093 $ 8,480 $ 2,765 Best efforts sales commitments $ 190,800 $ — $ 1,356 Balance at December 31, 2021 IRLCs $ 2,388,097 $ 22,119 $ — Forward commitments $ 3,217,162 $ 5,842 $ 2,079 The Company had an additional $395.3 million and $654.0 million of outstanding forward contracts and mandatory sell commitments, comprised of closed loans with equal and offsetting UPB amounts allocated to them, at June 30, 2022 and December 31, 2021, respectively. The Company also had $709.5 million and $767.5 million in closed hedge instruments not yet settled at June 30, 2022 and December 31, 2021, 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: June 30, 2022 December 31, 2021 Unobservable Input Range (Weighted Average) Loan funding probability (“pull-through”) 0% -100% (92.7%) 0% - 100% (91.5%) 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 June 30, 2022 and 2021. The table below represents financial assets and liabilities that are subject to master netting arrangements categorized by financial instrument: Gross Gross Net June 30, 2022 Forward delivery commitments $ 15,336 $ (6,856) $ 8,480 Total assets $ 15,336 $ (6,856) $ 8,480 Forward delivery commitments $ (4,035) $ 1,270 $ (2,765) Best efforts sales commitments (1,356) — (1,356) Total liabilities $ (5,391) $ 1,270 $ (4,121) December 31, 2021 Forward delivery commitments $ 7,541 $ (1,699) $ 5,842 Total assets $ 7,541 $ (1,699) $ 5,842 Forward delivery commitments $ 1,575 $ (2,710) $ (1,135) Best efforts sales commitments (944) — (944) Total liabilities $ 631 $ (2,710) $ (2,079)

Mortgage Servicing Rights

Mortgage Servicing Rights	6 Months Ended
	Jun. 30, 2022
Transfers and Servicing [Abstract]
MORTGAGE SERVICING RIGHTS	MORTGAGE SERVICING RIGHTS The activity of mortgage servicing rights was as follows: Three Months Ended June 30, Six Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 937,556 $ 586,717 $ 675,340 $ 446,998 MSRs originated 71,680 76,762 149,295 180,738 Changes in fair value: Due to collection/realization of cash flows (25,827) (34,944) (50,721) (79,806) Due to changes in valuation model inputs or assumptions 46,901 (49,845) 256,396 30,760 Balance — end of period $ 1,030,310 $ 578,690 $ 1,030,310 $ 578,690 The following table presents the weighted average discount rate, prepayment speed and cost to service assumptions used to determine the fair value of MSRs: June 30, 2022 December 31, 2021 Unobservable Input Range (Weighted Average) Discount rate 9.0% - 15.5% (9.8%) 9.3% - 15.5% (9.9%) Prepayment rate 6.9% - 28.2% (8.1%) 7.3% - 29.5% (13.6%) Cost to service (per loan) $71.9 - $386.3 ($90.1) $71.9 - $247.6 ($91.4) At June 30, 2022 and December 31, 2021, the MSRs had a weighted average life of approximately 8.1 years and 5.9 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 June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended 2022 2021 2022 2021 Servicing fees from servicing portfolio $ 53,368 $ 46,035 $ 104,932 $ 89,891 Late fees 1,368 1,451 2,883 2,520 Other ancillary servicing revenue (141) 166 (43) 440 Total loan servicing and other fees $ 54,595 $ 47,652 $ 107,772 $ 92,851 At June 30, 2022 and December 31, 2021, the UPB of mortgage loans serviced totaled $75.9 billion and $70.9 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 June 30, 2022 and December 31, 2021, respectively: Prepayment Speeds Discount Rate Cost to Service (per loan) 10% Adverse 20% Adverse 10% Adverse 20% Adverse 10% Adverse 20% Adverse June 30, 2022 Mortgage servicing rights $ (36,214) $ (70,495) $ (41,865) $ (80,777) $ (11,437) $ (23,252) December 31, 2021 Mortgage servicing rights $ (35,704) $ (69,207) $ (23,135) $ (45,139) $ (7,875) $ (16,288)

Mortgage Loans Held for Sale

Mortgage Loans Held for Sale	6 Months Ended
	Jun. 30, 2022
Mortgage Loans Held For Sale [Abstract]
MORTGAGE LOANS HELD FOR SALE	MORTGAGE LOANS HELD FOR SALEThe 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: Six Months Ended June 30, 2022 2021 Balance at the beginning of period $ 2,204,216 $ 2,368,777 Origination of mortgage loans held for sale 11,908,191 18,077,556 Proceeds on sale of and payments from mortgage loans held for sale (13,168,952) (18,927,552) Gain on sale of mortgage loans excluding fair value of other financial instruments, net 340,002 671,268 Valuation adjustment of mortgage loans held for sale (33,648) (36,059) Balance at the end of period $ 1,249,809 $ 2,153,990 At June 30, 2022, mortgage loans held for sale included UPB of the underlying loans of $1.3 billion and had a fair value of $1.2 billion. At December 31, 2021, mortgage loans held for sale included UPB of the underlying loans of $2.2 billion and had a fair value of $2.2 billion.

Investor Reserves

Investor Reserves	6 Months Ended
	Jun. 30, 2022
Investor Reserves [Abstract]
INVESTOR RESERVES	INVESTOR RESERVES The 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 June 30, Six Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 17,380 $ 14,877 $ 18,437 $ 14,535 Benefit from investor reserves (2,192) (1,306) (622) (3,312) Provision (relief) for investor reserves 1,731 3,256 (896) 5,604 Balance — end of period $ 16,919 $ 16,827 $ 16,919 $ 16,827

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Other	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill allocated to the origination segment are presented in the following table: Balance at December 31, 2021 $ 175,144 Measurement period adjustment (1) (1,710) Balance at June 30, 2022 $ 173,434 ______________________________ (1) The Company recorded a measurement period adjustment that included a decrease to goodwill of $1.7 million and an increase to income tax receivable of $1.7 million. This adjustment did not impact the Company's statements of income. Intangible Assets The following table presents our intangible assets, net as of June 30, 2022: Gross Intangibles Accumulated Amortization Net Intangibles Weighted Average Amortization Period (Years) Referral network $ 42,300 $ 7,050 $ 35,250 4.7 Non-compete agreements 2,700 900 1,800 0.1 $ 45,000 $ 7,950 $ 37,050 4.8 Amortization expense related to intangible assets was $2.0 million and $4.0 million for the three and six months ended June 30, 2022.

Warehouse Lines of Credit

Warehouse Lines of Credit	6 Months Ended
	Jun. 30, 2022
Line of Credit Facility [Abstract]
WAREHOUSE LINES OF CREDIT	WAREHOUSE LINES OF CREDIT Warehouse lines of credit consisted of the following at June 30, 2022 and December 31, 2021. Changes subsequent to June 30, 2022 have been described in the notes referenced with the below table. Maturity as of June 30, June 30, 2022 December 31, 2021 $600 million master repurchase facility agreement (1) January 2023 $ 58,705 $ 472,646 $250 million master repurchase facility agreement (2) August 2022 55,489 147,750 $400 million master repurchase facility agreement (3) March 2023 271,148 295,444 $200 million master repurchase facility agreement (4) May 2023 14,597 146,182 $200 million master repurchase facility agreement (5) September 2022 26,252 133,772 $400 million master repurchase facility agreement (6) June 2023 264,886 377,416 $200 million master repurchase facility agreement (7) April 2023 131,383 117,935 $100 million master repurchase facility agreement (8) N/A 104,970 136,173 $75 million master repurchase facility agreement (9) March 2025 47,909 33,452 $200 million master repurchase facility agreement (10) N/A — 26,947 $300 million master repurchase facility agreement (11) N/A 173,843 35,099 $75 million master repurchase facility agreement (12) N/A — 5,727 1,149,182 1,928,543 Prepaid commitment fees (631) (1,065) Net warehouse lines of credit $ 1,148,551 $ 1,927,478 ______________________________ (1) The variable interest rate is calculated using a base rate tied to the Secured Overnight Financing Rate ("SOFR"). (2) The variable interest rate is calculated using a base rate tied to SOFR, plus the applicable interest rate margin. This line of credit requires a minimum deposit of $1.25 million. (3) The variable interest rate is calculated using a base rate tied to SOFR, plus the applicable interest rate margin. This facility requires a minimum deposit of $2.0 million. (4) The variable interest rate is calculated using a base rate plus SOFR, with a floor of 0.25% 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 SOFR with a floor of 0.40%, plus the applicable interest rate margin. (6) The variable interest rate is calculated using a base rate tied to SOFR 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 SOFR with a floor of 0.25%, 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 SOFR, 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 is used for GNMA delinquent buyouts. Each buyout represents a separate transaction that can remain on the facility for up to four years. (10) This facility matured in January 2022 and was not renewed. (11) This facility agreement is due on demand and the variable interest rate is calculated using a base rate tied to SOFR with a floor of 0.75%. (12) This facility was terminated prior to maturity. The weighted average interest rate for warehouse lines of credit was 2.54% and 2.40% at June 30, 2022 and December 31, 2021, 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 $14.7 million and $46.7 million in its warehouse buy down accounts as offsets to certain lines of credit at June 30, 2022 and December 31, 2021, 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 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 June 30, 2022 and December 31, 2021, the Company believes it 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” ("ASAP"). 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 June 30, 2022 and December 31, 2021. 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 SOFR rate plus the applicable margin, with a SOFR floor of 0.5%. 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 increase the committed amount up to $200.0 million. The revolving note is currently scheduled to expire in August 2022. The Company has the option to convert the outstanding balance of the revolving note into a term note at its discretion. At June 30, 2022 and December 31, 2021, the Company had no balance and $60.0 million, respectively, 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 by extending the expiration date to July 2021 and increasing the revolving note up to $65.0 million. In July 2021, the Company further amended the agreement by extending the expiration date to July 2022. In February 2022, the Company again amended the agreement and increased the revolving note up to $100.0 million. In June 2022, the Company further amended the agreement by extending the expiration date to June 2023. 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 SOFR rate plus the applicable margin, with a floor of 0.50%. 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 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 June 30, 2022 and December 31, 2021, the Company had no balance and $65.0 million, respectively, 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 June 30, 2022 and December 31, 2021, the Company had an outstanding balance of $118.8 million and $125.0 million, respectively, on this facility. The minimum calendar year payments of the Company’s term note as of June 30, 2022 are as follows: 2022 $ 12,500 2023 25,000 2024 81,250 Total $ 118,750

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE	WAREHOUSE LINES OF CREDIT Warehouse lines of credit consisted of the following at June 30, 2022 and December 31, 2021. Changes subsequent to June 30, 2022 have been described in the notes referenced with the below table. Maturity as of June 30, June 30, 2022 December 31, 2021 $600 million master repurchase facility agreement (1) January 2023 $ 58,705 $ 472,646 $250 million master repurchase facility agreement (2) August 2022 55,489 147,750 $400 million master repurchase facility agreement (3) March 2023 271,148 295,444 $200 million master repurchase facility agreement (4) May 2023 14,597 146,182 $200 million master repurchase facility agreement (5) September 2022 26,252 133,772 $400 million master repurchase facility agreement (6) June 2023 264,886 377,416 $200 million master repurchase facility agreement (7) April 2023 131,383 117,935 $100 million master repurchase facility agreement (8) N/A 104,970 136,173 $75 million master repurchase facility agreement (9) March 2025 47,909 33,452 $200 million master repurchase facility agreement (10) N/A — 26,947 $300 million master repurchase facility agreement (11) N/A 173,843 35,099 $75 million master repurchase facility agreement (12) N/A — 5,727 1,149,182 1,928,543 Prepaid commitment fees (631) (1,065) Net warehouse lines of credit $ 1,148,551 $ 1,927,478 ______________________________ (1) The variable interest rate is calculated using a base rate tied to the Secured Overnight Financing Rate ("SOFR"). (2) The variable interest rate is calculated using a base rate tied to SOFR, plus the applicable interest rate margin. This line of credit requires a minimum deposit of $1.25 million. (3) The variable interest rate is calculated using a base rate tied to SOFR, plus the applicable interest rate margin. This facility requires a minimum deposit of $2.0 million. (4) The variable interest rate is calculated using a base rate plus SOFR, with a floor of 0.25% 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 SOFR with a floor of 0.40%, plus the applicable interest rate margin. (6) The variable interest rate is calculated using a base rate tied to SOFR 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 SOFR with a floor of 0.25%, 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 SOFR, 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 is used for GNMA delinquent buyouts. Each buyout represents a separate transaction that can remain on the facility for up to four years. (10) This facility matured in January 2022 and was not renewed. (11) This facility agreement is due on demand and the variable interest rate is calculated using a base rate tied to SOFR with a floor of 0.75%. (12) This facility was terminated prior to maturity. The weighted average interest rate for warehouse lines of credit was 2.54% and 2.40% at June 30, 2022 and December 31, 2021, 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 $14.7 million and $46.7 million in its warehouse buy down accounts as offsets to certain lines of credit at June 30, 2022 and December 31, 2021, 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 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 June 30, 2022 and December 31, 2021, the Company believes it 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” ("ASAP"). 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 June 30, 2022 and December 31, 2021. 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 SOFR rate plus the applicable margin, with a SOFR floor of 0.5%. 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 increase the committed amount up to $200.0 million. The revolving note is currently scheduled to expire in August 2022. The Company has the option to convert the outstanding balance of the revolving note into a term note at its discretion. At June 30, 2022 and December 31, 2021, the Company had no balance and $60.0 million, respectively, 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 by extending the expiration date to July 2021 and increasing the revolving note up to $65.0 million. In July 2021, the Company further amended the agreement by extending the expiration date to July 2022. In February 2022, the Company again amended the agreement and increased the revolving note up to $100.0 million. In June 2022, the Company further amended the agreement by extending the expiration date to June 2023. 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 SOFR rate plus the applicable margin, with a floor of 0.50%. 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 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 June 30, 2022 and December 31, 2021, the Company had no balance and $65.0 million, respectively, 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 June 30, 2022 and December 31, 2021, the Company had an outstanding balance of $118.8 million and $125.0 million, respectively, on this facility. The minimum calendar year payments of the Company’s term note as of June 30, 2022 are as follows: 2022 $ 12,500 2023 25,000 2024 81,250 Total $ 118,750

Stockholders' Equity and Earnin

Stockholders' Equity and Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity and Earnings Per Share [Abstract]
STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE	NOTE 12 - STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE Basic earnings per share is computed based on the weighted average number of shares of Class A and Class B common stock 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 restricted stock units ("RSUs") for Class A common stock. The following table sets forth the components of basic and diluted earnings per share: Three Months Ended June 30, Six Months Ended 2022 2021 2022 2021 Net income attributable to Guild $ 58,272 $ 8,938 $ 266,230 $ 169,542 Weighted-average shares outstanding, Class A Common Stock 20,731 19,667 20,727 19,667 Weighted-average shares outstanding, Class B Common Stock 40,333 40,333 40,333 40,333 Weighted-average shares outstanding - basic 61,064 60,000 61,060 60,000 Add dilutive effects of non-vested shares of restricted stock - Class A 586 260 719 234 Weighted-average shares outstanding - diluted 61,650 60,260 61,779 60,234 Basic earnings per share: Class A and Class B Common Stock $ 0.95 $ 0.15 $ 4.36 $ 2.83 Diluted earnings per share: Class A and Class B Common Stock $ 0.95 $ 0.15 $ 4.31 $ 2.81 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. The Company's 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 shares of 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 shares of Class A common stock have one vote per share and the holders of shares 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. Share Repurchase Program On May 5, 2022, the Company’s Board of Directors authorized the Company to repurchase up to $20.0 million of the Company’s outstanding Class A common stock over the next 24 months. The share repurchase program allows the Company to repurchase shares of its Class A common stock from time to time on the open market or in privately negotiated transactions. The Company is not obligated to purchase any shares under the share repurchase program and the timing of any repurchases will depend on a number of factors, including, but not limited to, stock price, trading volume, market conditions, and other general business considerations. The share repurchase

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
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 six months ended June 30, 2022 was $1.7 million and $3.0 million, respectively, and $1.5 million and $3.1 million for the three and six months ended June 30, 2021, and are included in salaries, incentive compensation and benefits. The income tax benefit recognized related to this expense was approximately $0.3 million and $0.3 million for the three months ended June 30, 2022 and 2021, respectively, and $0.5 million and $0.6 million for the six months ended June 30, 2022 and 2021, respectively. As of June 30, 2022, there was approximately $17.4 million of unrecognized compensation costs related to non-vested RSUs, which we expect to recognize over the next 2.4 years.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021 were approximately $2.2 billion and $2.4 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 June 30, 2022 and December 31, 2021 were approximately $2.4 billion and $3.2 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	6 Months Ended
	Jun. 30, 2022
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 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 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 Entities, 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 $84,482 as of December 31, 2021. As of December 31, 2021, the Company was in compliance with this requirement.

Segments

Segments	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 the Company serviced at least one loan in forty-nine 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 long standing 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 June 30, 2022: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 206,445 $ 1,527 $ 207,972 $ — $ 207,972 Loan servicing and other fees — 54,595 54,595 — 54,595 Valuation adjustment of mortgage servicing rights — 21,074 21,074 — 21,074 Interest income (expense) 5,678 (358) 5,320 (1,446) 3,874 Other income, net (25) 56 31 (9) 22 Net revenue 212,098 76,894 288,992 (1,455) 287,537 Expenses Salaries, incentive compensation and benefits 165,133 7,509 172,642 5,550 178,192 General and administrative 1,460 2,254 3,714 2,657 6,371 Occupancy, equipment and communication 16,495 1,293 17,788 1,185 18,973 Depreciation and amortization 3,395 162 3,557 251 3,808 Provision for foreclosure losses — 1,796 1,796 — 1,796 Income tax expense — — — 20,108 20,108 Net income (loss) $ 25,615 $ 63,880 $ 89,495 $ (31,206) $ 58,289 The following table presents the financial performance and results by segment for the six months ended June 30, 2022: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 444,966 $ 5,645 $ 450,611 $ — $ 450,611 Loan servicing and other fees — 107,772 107,772 — 107,772 Valuation adjustment of mortgage servicing rights — 205,675 205,675 — 205,675 Interest income (expense) 12,795 (4,625) 8,170 (3,171) 4,999 Other income, net (25) 75 50 192 242 Net revenue 457,736 314,542 772,278 (2,979) 769,299 Expenses Salaries, incentive compensation and benefits 339,459 14,767 354,226 11,295 365,521 General and administrative (10,251) 4,922 (5,329) 6,070 741 Occupancy, equipment and communication 32,602 2,397 34,999 2,286 37,285 Depreciation and amortization 6,876 324 7,200 521 7,721 Provision for foreclosure losses — 1,475 1,475 — 1,475 Income tax expense — — — 90,294 90,294 Net income (loss) $ 89,050 $ 290,657 $ 379,707 $ (113,445) $ 266,262 The following table presents the financial performance and results by segment for the three months ended June 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 329,157 $ 1,602 $ 330,759 $ — $ 330,759 Loan servicing and other fees — 47,652 47,652 — 47,652 Valuation adjustment of mortgage servicing rights — (84,789) (84,789) — (84,789) Interest income (expense) 3,655 (1,637) 2,018 (1,592) 426 Other income, net 32 18 50 11 61 Net revenue 332,844 (37,154) 295,690 (1,581) 294,109 Expenses Salaries, incentive compensation and benefits 215,061 7,075 222,136 10,427 232,563 General and administrative 25,156 3,815 28,971 2,823 31,794 Occupancy, equipment and communication 12,758 1,026 13,784 878 14,662 Depreciation and amortization 1,096 222 1,318 290 1,608 Provision for foreclosure losses — (442) (442) — (442) Income tax benefit — — — 4,986 4,986 Net income (loss) $ 78,773 $ (48,850) $ 29,923 $ (20,985) $ 8,938 The following table presents the financial performance and results by segment for the six months ended June 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 773,954 $ 3,393 $ 777,347 $ — $ 777,347 Loan servicing and other fees — 92,851 92,851 — 92,851 Valuation adjustment of mortgage servicing rights — (49,046) (49,046) — (49,046) Interest income (expense) 6,501 (4,498) 2,003 (2,989) (986) Other income, net 32 40 72 58 130 Net revenue 780,487 42,740 823,227 (2,931) 820,296 Expenses Salaries, incentive compensation and benefits 465,876 14,288 480,164 19,123 499,287 General and administrative 47,794 5,671 53,465 5,236 58,701 Occupancy, equipment and communication 25,931 2,134 28,065 1,429 29,494 Depreciation and amortization 1,989 412 2,401 861 3,262 Provision for foreclosure losses — 2,019 2,019 — 2,019 Income tax benefit — — — 57,991 57,991 Net income (loss) $ 238,897 $ 18,216 $ 257,113 $ (87,571) $ 169,542

Business, Basis of Presentati_2

Business, Basis of Presentation, and Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
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, 2021 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, 2021. The Company follows the same accounting policies for preparing quarterly and annual reports.
Principles of Consolidation	Principles of Consolidation The Company's condensed consolidated financial statements include the accounts of the Company, Guild Mortgage Company LLC ("GMC"), and their consolidated subsidiaries and those variable interest entities ("VIE") of which the Company is the primary beneficiary. Generally, a VIE is a legal entity in which the equity investors do not have the characteristics of a controlling financial interest or lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. In determining whether we are the primary beneficiary of a VIE, we consider qualitative and quantitative factors, including, but not limited to: which activities most significantly impact the VIE’s economic performance and which party controls such activities; the amount and characteristics of our investment; the obligation or likelihood for us or other investors to provide financial support; and the similarity with and significance to our business activities and the business activities of the other investors. The Company consolidates one VIE. At June 30, 2022, the VIE had minimal assets and liabilities. 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. Beginning in early 2020 and continuing through 2022, the coronavirus (“COVID-19”) pandemic, including the emergence of new variants and strains of COVID-19, 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 World Health Organization, 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.
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.
Recently Adopted Accounting Pronouncements and Accounting Standards Issued but Not Yet Adopted	Recent Accounting Standards In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-4, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides temporary optional expedients and exceptions to the US GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. ASU 2020-04 generally considers contract modifications related to reference rate reform to be an event that does not require contract remeasurement at the modification date nor a reassessment of a previous accounting determination. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope , which clarifies that the practical expedients in ASU 2020-04 apply to derivatives impacted by changes in the interest rate used for margining, discounting, or contract price alignment. The guidance in ASU 2020-04 is optional and may be elected over time, through December 31, 2022, as reference rate reform activities occur. Once ASU 2020-04 is elected, the guidance must be applied prospectively for all eligible contract modifications. The Company is in the process of transitioning its funding facilities and financing facilities that utilize LIBOR as the reference rate. For contracts to which ASC Topic 470, Debt applies, we have applied the optional expedients available from ASU 2020-04 and accounted for the contract modifications related to reference rate reform prospectively. Of the contracts that have been adjusted for the new reference rate, there has not been a material impact on the consolidated financial statements. We expect to amend the remaining borrowings before the July 1, 2023 LIBOR cessation date.
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 June 30, 2022 and December 31, 2021, 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 June 30, 2022 and December 31, 2021, was 92.7% and 91.5%, 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 5 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 6 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.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 92 $ — $ — $ 92 Derivative Forward delivery commitments — 8,480 — 8,480 Interest rate lock commitments — — 14,600 14,600 Mortgage loans held for sale — 1,249,809 — 1,249,809 Mortgage servicing rights — — 1,030,310 1,030,310 Total assets at fair value $ 92 $ 1,258,289 $ 1,044,910 $ 2,303,291 Liabilities: Derivative Forward delivery commitments $ — $ 2,765 $ — $ 2,765 Best efforts sales commitments — 1,356 — 1,356 Contingent liabilities due to acquisitions — — 1,557 1,557 Total liabilities at fair value $ — $ 4,121 $ 1,557 $ 5,678 The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2021: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 107 $ — $ — $ 107 Derivative Forward delivery commitments — 5,842 — 5,842 Interest rate lock commitments — — 22,119 22,119 Mortgage loans held for sale — 2,204,216 — 2,204,216 Mortgage servicing rights — — 675,340 675,340 Total assets at fair value $ 107 $ 2,210,058 $ 697,459 $ 2,907,624 Liabilities: Derivative Forward delivery commitments $ — $ 2,079 $ — $ 2,079 Contingent liabilities due to acquisitions — — 59,500 59,500 Total liabilities at fair value $ — $ 2,079 $ 59,500 $ 61,579
Summary of Reconciliation of Level Three Assets and Liabilities Measured at Fair Value on Recurring Basis	The table below presents a reconciliation of certain Level Three assets and liabilities measured at fair value on a recurring basis for the periods ended: IRLCs Contingent Balance at March 31, 2022 $ (11,851) $ 20,438 Net transfers and revaluation gains 26,451 — Payments — (2,370) Valuation adjustments — (16,511) Balance at June 30, 2022 $ 14,600 $ 1,557 Balance at December 31, 2021 $ 22,119 $ 59,500 Net transfers and revaluation gains (7,519) — Payments — (12,541) Valuation adjustments — (45,402) Balance at June 30, 2022 $ 14,600 $ 1,557 Balance at March 31, 2021 $ 38,009 $ 16,568 Net transfers and revaluation gains 6,477 — Payments — (2,646) Valuation adjustments — 6,494 Balance at June 30, 2021 $ 44,486 $ 20,416 Balance at December 31, 2020 $ 130,338 $ 18,094 Net transfers and revaluation losses (85,852) — Payments — (10,792) Valuation adjustments — 13,114 Balance at June 30, 2021 $ 44,486 $ 20,416
Summary of Financial Assets Measured at Fair Value on Nonrecurring Basis	The following table summarizes the Company’s financial assets and liabilities measured at fair value on a non-recurring basis at June 30, 2022: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 616,335 $ — $ 616,335 Total assets at fair value $ — $ 616,335 $ — $ 616,335 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 616,638 $ — $ 616,638 Total liabilities at fair value $ — $ 616,638 $ — $ 616,638 The following table summarizes the Company’s financial assets and liabilities measured at fair value on a non-recurring basis at December 31, 2021: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 728,978 $ — $ 728,978 Total assets at fair value $ — $ 728,978 $ — $ 728,978 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 729,260 $ — $ 729,260 Total liabilities at fair value $ — $ 729,260 $ — $ 729,260
Summary of Fair Value Option for Mortgage Loans Held For Sale	The following is the estimated fair value and UPB 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 June 30, 2022 $ 1,249,809 $ 1,262,051 $ (12,242) Balance at December 31, 2021 $ 2,204,216 $ 2,184,326 $ 19,890 _______________________________ (1) Represents the amount of gains (losses) 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.

Accounts and Interest Receiva_2

Accounts and Interest Receivable (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of Accounts and Interest Receivable	Accounts and interest receivable consisted of the following: June 30, 2022 December 31, 2021 Trust advances $ 21,671 $ 43,660 Foreclosure advances, net 1,903 19,311 Receivables related to loan sales, net (621) 3,043 Other 564 2,345 Total accounts and interest receivable $ 23,517 $ 68,359
Schedule of Activity of the Foreclosure Loss Reserve	The activity of the foreclosure loss reserve was as follows: Three Months Ended June 30, Six Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 10,271 $ 13,350 $ 10,355 $ 12,402 Utilization of foreclosure reserve (1,070) (118) (833) (1,631) Provision (relief) charged to operations 1,796 (442) 1,475 2,019 Balance — end of period $ 10,997 $ 12,790 $ 10,997 $ 12,790

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Other Assets [Abstract]
Summary of Other Assets	Other assets consisted of the following: June 30, 2022 December 31, 2021 Prepaid expenses $ 26,878 $ 32,900 Company owned life insurance 37,286 38,824 Property and equipment, net 14,597 15,834 Right-of-use assets 79,416 86,484 Income tax receivable 33,950 39,295 Real estate owned 471 471 Land 155 146 Trading securities 92 107 Total other assets $ 192,845 $ 214,061
Summary of Property and Equipment	Property and equipment, net consisted of the following: June 30, 2022 December 31, 2021 Computer equipment $ 29,436 $ 30,355 Furniture and equipment 25,285 25,833 Leasehold improvements 18,125 16,214 Internal-use software in production 1,989 1,548 Internal-use software 8,661 8,557 Property and equipment, gross 83,496 82,507 Accumulated depreciation (68,899) (66,673) Property and equipment, net $ 14,597 $ 15,834

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Changes in Fair Value of Derivative Instruments	Changes in the fair value of the Company's derivative financial instruments are as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Unrealized hedging losses $ (46,957) $ (91,606) $ (6,924) $ (48,605)
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 June 30, 2022 and December 31, 2021: Fair Value Notional Derivative Derivative Balance at June 30, 2022 IRLCs $ 2,156,288 $ 14,600 $ — Forward commitments $ 2,446,093 $ 8,480 $ 2,765 Best efforts sales commitments $ 190,800 $ — $ 1,356 Balance at December 31, 2021 IRLCs $ 2,388,097 $ 22,119 $ — Forward commitments $ 3,217,162 $ 5,842 $ 2,079
Schedule of Quantitative Information About IRLCs and Fair Value Measurements	The following table presents the quantitative information about IRLCs and the fair value measurements: June 30, 2022 December 31, 2021 Unobservable Input Range (Weighted Average) Loan funding probability (“pull-through”) 0% -100% (92.7%) 0% - 100% (91.5%)
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 June 30, 2022 Forward delivery commitments $ 15,336 $ (6,856) $ 8,480 Total assets $ 15,336 $ (6,856) $ 8,480 Forward delivery commitments $ (4,035) $ 1,270 $ (2,765) Best efforts sales commitments (1,356) — (1,356) Total liabilities $ (5,391) $ 1,270 $ (4,121) December 31, 2021 Forward delivery commitments $ 7,541 $ (1,699) $ 5,842 Total assets $ 7,541 $ (1,699) $ 5,842 Forward delivery commitments $ 1,575 $ (2,710) $ (1,135) Best efforts sales commitments (944) — (944) Total liabilities $ 631 $ (2,710) $ (2,079)
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 June 30, 2022 Forward delivery commitments $ 15,336 $ (6,856) $ 8,480 Total assets $ 15,336 $ (6,856) $ 8,480 Forward delivery commitments $ (4,035) $ 1,270 $ (2,765) Best efforts sales commitments (1,356) — (1,356) Total liabilities $ (5,391) $ 1,270 $ (4,121) December 31, 2021 Forward delivery commitments $ 7,541 $ (1,699) $ 5,842 Total assets $ 7,541 $ (1,699) $ 5,842 Forward delivery commitments $ 1,575 $ (2,710) $ (1,135) Best efforts sales commitments (944) — (944) Total liabilities $ 631 $ (2,710) $ (2,079)

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	6 Months Ended
	Jun. 30, 2022
Transfers and Servicing [Abstract]
Summary of Activity of Mortgage Servicing Rights	The activity of mortgage servicing rights was as follows: Three Months Ended June 30, Six Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 937,556 $ 586,717 $ 675,340 $ 446,998 MSRs originated 71,680 76,762 149,295 180,738 Changes in fair value: Due to collection/realization of cash flows (25,827) (34,944) (50,721) (79,806) Due to changes in valuation model inputs or assumptions 46,901 (49,845) 256,396 30,760 Balance — end of period $ 1,030,310 $ 578,690 $ 1,030,310 $ 578,690
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: June 30, 2022 December 31, 2021 Unobservable Input Range (Weighted Average) Discount rate 9.0% - 15.5% (9.8%) 9.3% - 15.5% (9.9%) Prepayment rate 6.9% - 28.2% (8.1%) 7.3% - 29.5% (13.6%) Cost to service (per loan) $71.9 - $386.3 ($90.1) $71.9 - $247.6 ($91.4)
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 June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended 2022 2021 2022 2021 Servicing fees from servicing portfolio $ 53,368 $ 46,035 $ 104,932 $ 89,891 Late fees 1,368 1,451 2,883 2,520 Other ancillary servicing revenue (141) 166 (43) 440 Total loan servicing and other fees $ 54,595 $ 47,652 $ 107,772 $ 92,851
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 June 30, 2022 and December 31, 2021, respectively: Prepayment Speeds Discount Rate Cost to Service (per loan) 10% Adverse 20% Adverse 10% Adverse 20% Adverse 10% Adverse 20% Adverse June 30, 2022 Mortgage servicing rights $ (36,214) $ (70,495) $ (41,865) $ (80,777) $ (11,437) $ (23,252) December 31, 2021 Mortgage servicing rights $ (35,704) $ (69,207) $ (23,135) $ (45,139) $ (7,875) $ (16,288)

Mortgage Loans Held for Sale (T

Mortgage Loans Held for Sale (Tables)	6 Months Ended
	Jun. 30, 2022
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: Six Months Ended June 30, 2022 2021 Balance at the beginning of period $ 2,204,216 $ 2,368,777 Origination of mortgage loans held for sale 11,908,191 18,077,556 Proceeds on sale of and payments from mortgage loans held for sale (13,168,952) (18,927,552) Gain on sale of mortgage loans excluding fair value of other financial instruments, net 340,002 671,268 Valuation adjustment of mortgage loans held for sale (33,648) (36,059) Balance at the end of period $ 1,249,809 $ 2,153,990

Investor Reserves (Tables)

Investor Reserves (Tables)	6 Months Ended
	Jun. 30, 2022
Investor Reserves [Abstract]
Schedule of Activity of Investor Reserves	The activity of the investor reserves was as follows: Three Months Ended June 30, Six Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 17,380 $ 14,877 $ 18,437 $ 14,535 Benefit from investor reserves (2,192) (1,306) (622) (3,312) Provision (relief) for investor reserves 1,731 3,256 (896) 5,604 Balance — end of period $ 16,919 $ 16,827 $ 16,919 $ 16,827

Intangible Assets, Goodwill a_2

Intangible Assets, Goodwill and Other (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Activity in Goodwill	The changes in the carrying amount of goodwill allocated to the origination segment are presented in the following table: Balance at December 31, 2021 $ 175,144 Measurement period adjustment (1) (1,710) Balance at June 30, 2022 $ 173,434 ______________________________ (1) The Company recorded a measurement period adjustment that included a decrease to goodwill of $1.7 million and an increase to income tax receivable of $1.7 million. This adjustment did not impact the Company's statements of income.
Schedule of Finite-Lived Intangible Assets	The following table presents our intangible assets, net as of June 30, 2022: Gross Intangibles Accumulated Amortization Net Intangibles Weighted Average Amortization Period (Years) Referral network $ 42,300 $ 7,050 $ 35,250 4.7 Non-compete agreements 2,700 900 1,800 0.1 $ 45,000 $ 7,950 $ 37,050 4.8

Warehouse Lines of Credit (Tabl

Warehouse Lines of Credit (Tables)	6 Months Ended
	Jun. 30, 2022
Line of Credit Facility [Abstract]
Summary of Warehouse Lines of Credit	Warehouse lines of credit consisted of the following at June 30, 2022 and December 31, 2021. Changes subsequent to June 30, 2022 have been described in the notes referenced with the below table. Maturity as of June 30, June 30, 2022 December 31, 2021 $600 million master repurchase facility agreement (1) January 2023 $ 58,705 $ 472,646 $250 million master repurchase facility agreement (2) August 2022 55,489 147,750 $400 million master repurchase facility agreement (3) March 2023 271,148 295,444 $200 million master repurchase facility agreement (4) May 2023 14,597 146,182 $200 million master repurchase facility agreement (5) September 2022 26,252 133,772 $400 million master repurchase facility agreement (6) June 2023 264,886 377,416 $200 million master repurchase facility agreement (7) April 2023 131,383 117,935 $100 million master repurchase facility agreement (8) N/A 104,970 136,173 $75 million master repurchase facility agreement (9) March 2025 47,909 33,452 $200 million master repurchase facility agreement (10) N/A — 26,947 $300 million master repurchase facility agreement (11) N/A 173,843 35,099 $75 million master repurchase facility agreement (12) N/A — 5,727 1,149,182 1,928,543 Prepaid commitment fees (631) (1,065) Net warehouse lines of credit $ 1,148,551 $ 1,927,478 ______________________________ (1) The variable interest rate is calculated using a base rate tied to the Secured Overnight Financing Rate ("SOFR"). (2) The variable interest rate is calculated using a base rate tied to SOFR, plus the applicable interest rate margin. This line of credit requires a minimum deposit of $1.25 million. (3) The variable interest rate is calculated using a base rate tied to SOFR, plus the applicable interest rate margin. This facility requires a minimum deposit of $2.0 million. (4) The variable interest rate is calculated using a base rate plus SOFR, with a floor of 0.25% 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 SOFR with a floor of 0.40%, plus the applicable interest rate margin. (6) The variable interest rate is calculated using a base rate tied to SOFR 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 SOFR with a floor of 0.25%, 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 SOFR, 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 is used for GNMA delinquent buyouts. Each buyout represents a separate transaction that can remain on the facility for up to four years. (10) This facility matured in January 2022 and was not renewed. (11) This facility agreement is due on demand and the variable interest rate is calculated using a base rate tied to SOFR with a floor of 0.75%. (12) This facility was terminated prior to maturity.

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 are as follows: 2022 $ 12,500 2023 25,000 2024 81,250 Total $ 118,750

Stockholders' Equity and Earn_2

Stockholders' Equity and Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity and 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 June 30, Six Months Ended 2022 2021 2022 2021 Net income attributable to Guild $ 58,272 $ 8,938 $ 266,230 $ 169,542 Weighted-average shares outstanding, Class A Common Stock 20,731 19,667 20,727 19,667 Weighted-average shares outstanding, Class B Common Stock 40,333 40,333 40,333 40,333 Weighted-average shares outstanding - basic 61,064 60,000 61,060 60,000 Add dilutive effects of non-vested shares of restricted stock - Class A 586 260 719 234 Weighted-average shares outstanding - diluted 61,650 60,260 61,779 60,234 Basic earnings per share: Class A and Class B Common Stock $ 0.95 $ 0.15 $ 4.36 $ 2.83 Diluted earnings per share: Class A and Class B Common Stock $ 0.95 $ 0.15 $ 4.31 $ 2.81

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 206,445 $ 1,527 $ 207,972 $ — $ 207,972 Loan servicing and other fees — 54,595 54,595 — 54,595 Valuation adjustment of mortgage servicing rights — 21,074 21,074 — 21,074 Interest income (expense) 5,678 (358) 5,320 (1,446) 3,874 Other income, net (25) 56 31 (9) 22 Net revenue 212,098 76,894 288,992 (1,455) 287,537 Expenses Salaries, incentive compensation and benefits 165,133 7,509 172,642 5,550 178,192 General and administrative 1,460 2,254 3,714 2,657 6,371 Occupancy, equipment and communication 16,495 1,293 17,788 1,185 18,973 Depreciation and amortization 3,395 162 3,557 251 3,808 Provision for foreclosure losses — 1,796 1,796 — 1,796 Income tax expense — — — 20,108 20,108 Net income (loss) $ 25,615 $ 63,880 $ 89,495 $ (31,206) $ 58,289 The following table presents the financial performance and results by segment for the six months ended June 30, 2022: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 444,966 $ 5,645 $ 450,611 $ — $ 450,611 Loan servicing and other fees — 107,772 107,772 — 107,772 Valuation adjustment of mortgage servicing rights — 205,675 205,675 — 205,675 Interest income (expense) 12,795 (4,625) 8,170 (3,171) 4,999 Other income, net (25) 75 50 192 242 Net revenue 457,736 314,542 772,278 (2,979) 769,299 Expenses Salaries, incentive compensation and benefits 339,459 14,767 354,226 11,295 365,521 General and administrative (10,251) 4,922 (5,329) 6,070 741 Occupancy, equipment and communication 32,602 2,397 34,999 2,286 37,285 Depreciation and amortization 6,876 324 7,200 521 7,721 Provision for foreclosure losses — 1,475 1,475 — 1,475 Income tax expense — — — 90,294 90,294 Net income (loss) $ 89,050 $ 290,657 $ 379,707 $ (113,445) $ 266,262 The following table presents the financial performance and results by segment for the three months ended June 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 329,157 $ 1,602 $ 330,759 $ — $ 330,759 Loan servicing and other fees — 47,652 47,652 — 47,652 Valuation adjustment of mortgage servicing rights — (84,789) (84,789) — (84,789) Interest income (expense) 3,655 (1,637) 2,018 (1,592) 426 Other income, net 32 18 50 11 61 Net revenue 332,844 (37,154) 295,690 (1,581) 294,109 Expenses Salaries, incentive compensation and benefits 215,061 7,075 222,136 10,427 232,563 General and administrative 25,156 3,815 28,971 2,823 31,794 Occupancy, equipment and communication 12,758 1,026 13,784 878 14,662 Depreciation and amortization 1,096 222 1,318 290 1,608 Provision for foreclosure losses — (442) (442) — (442) Income tax benefit — — — 4,986 4,986 Net income (loss) $ 78,773 $ (48,850) $ 29,923 $ (20,985) $ 8,938 The following table presents the financial performance and results by segment for the six months ended June 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 773,954 $ 3,393 $ 777,347 $ — $ 777,347 Loan servicing and other fees — 92,851 92,851 — 92,851 Valuation adjustment of mortgage servicing rights — (49,046) (49,046) — (49,046) Interest income (expense) 6,501 (4,498) 2,003 (2,989) (986) Other income, net 32 40 72 58 130 Net revenue 780,487 42,740 823,227 (2,931) 820,296 Expenses Salaries, incentive compensation and benefits 465,876 14,288 480,164 19,123 499,287 General and administrative 47,794 5,671 53,465 5,236 58,701 Occupancy, equipment and communication 25,931 2,134 28,065 1,429 29,494 Depreciation and amortization 1,989 412 2,401 861 3,262 Provision for foreclosure losses — 2,019 2,019 — 2,019 Income tax benefit — — — 57,991 57,991 Net income (loss) $ 238,897 $ 18,216 $ 257,113 $ (87,571) $ 169,542

Business, Basis of Presentati_3

Business, Basis of Presentation, and Accounting Policies - Additional Information (Details) - USD ($) $ in Billions	Jun. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Account balance in trust for investors and escrow balances for mortgagors	$ 0.9	$ 1.1

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	Jun. 30, 2022	Dec. 31, 2021
Minimum | Discount Rate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range of risk adjusted discount rate	0.126	0.150
Minimum | Loan funding probability (“pull-through”) | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, unobservable input	0	0
Maximum | Discount Rate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range of risk adjusted discount rate	0.140	0.195
Maximum | Loan funding probability (“pull-through”) | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, unobservable input	1	1
Median | Discount Rate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range of risk adjusted discount rate	0.139	0.191
Weighted Average | Loan funding probability (“pull-through”) | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, unobservable input	0.927	0.915
Weighted Average | Loan funding probability (“pull-through”) | Recurring Fair Value Measurements | Level 3 | IRLCs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset, unobservable input	0.927	0.915

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Assets:
Trading securities	$ 92	$ 107
Derivative
Derivative assets	23,080	27,961
Mortgage loans held for sale	1,249,809	2,204,216	$ 2,153,990	$ 2,368,777
Mortgage servicing rights	1,030,310	675,340
Derivative
Derivative liabilities	4,121	2,079
Contingent liabilities due to acquisitions	1,557	59,500
Recurring Fair Value Measurements
Assets:
Trading securities	92	107
Derivative
Mortgage loans held for sale	1,249,809	2,204,216
Mortgage servicing rights	1,030,310	675,340
Total assets at fair value	2,303,291	2,907,624
Derivative
Contingent liabilities due to acquisitions	1,557	59,500
Total liabilities at fair value	5,678	61,579
Recurring Fair Value Measurements | Forward delivery commitments
Derivative
Derivative assets	8,480	5,842
Derivative
Derivative liabilities	2,765	2,079
Recurring Fair Value Measurements | Interest rate lock commitments
Derivative
Derivative assets	14,600	22,119
Recurring Fair Value Measurements | Best efforts sales commitments
Derivative
Derivative liabilities	1,356
Recurring Fair Value Measurements | Level 1
Assets:
Trading securities	92	107
Derivative
Mortgage loans held for sale	0	0
Mortgage servicing rights	0	0
Total assets at fair value	92	107
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 assets	0	0
Derivative
Derivative liabilities	0	0
Recurring Fair Value Measurements | Level 1 | Interest rate lock commitments
Derivative
Derivative assets	0	0
Recurring Fair Value Measurements | Level 1 | Best efforts sales commitments
Derivative
Derivative liabilities	0
Recurring Fair Value Measurements | Level 2
Assets:
Trading securities	0	0
Derivative
Mortgage loans held for sale	1,249,809	2,204,216
Mortgage servicing rights	0	0
Total assets at fair value	1,258,289	2,210,058
Derivative
Contingent liabilities due to acquisitions	0	0
Total liabilities at fair value	4,121	2,079
Recurring Fair Value Measurements | Level 2 | Forward delivery commitments
Derivative
Derivative assets	8,480	5,842
Derivative
Derivative liabilities	2,765	2,079
Recurring Fair Value Measurements | Level 2 | Interest rate lock commitments
Derivative
Derivative assets	0	0
Recurring Fair Value Measurements | Level 2 | Best efforts sales commitments
Derivative
Derivative liabilities	1,356
Recurring Fair Value Measurements | Level 3
Assets:
Trading securities	0	0
Derivative
Mortgage loans held for sale	0	0
Mortgage servicing rights	1,030,310	675,340
Total assets at fair value	1,044,910	697,459
Derivative
Contingent liabilities due to acquisitions	1,557	59,500
Total liabilities at fair value	1,557	59,500
Recurring Fair Value Measurements | Level 3 | Forward delivery commitments
Derivative
Derivative assets	0	0
Derivative
Derivative liabilities	0	0
Recurring Fair Value Measurements | Level 3 | Interest rate lock commitments
Derivative
Derivative assets	14,600	$ 22,119
Recurring Fair Value Measurements | Level 3 | Best efforts sales commitments
Derivative
Derivative liabilities	$ 0

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
IRLCs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ (11,851)	$ 38,009	$ 22,119	$ 130,338
Net transfers and revaluation losses	26,451	6,477	(7,519)	(85,852)
Ending balance	14,600	44,486	14,600	44,486
Contingent Liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	20,438	16,568	59,500	18,094
Payments	(2,370)	(2,646)	(12,541)	(10,792)
Valuation adjustments	(16,511)	6,494	(45,402)	13,114
Ending balance	$ 1,557	$ 20,416	$ 1,557	$ 20,416

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	Jun. 30, 2022	Dec. 31, 2021
Assets:
Ginnie Mae loans subject to repurchase right	$ 616,335	$ 728,978
Liabilities:
Ginnie Mae loans subject to repurchase right	616,638	729,260
Ginnie Mae
Assets:
Ginnie Mae loans subject to repurchase right	616,335	728,978
Liabilities:
Ginnie Mae loans subject to repurchase right	616,638	729,260
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	616,335	728,978
Liabilities:
Ginnie Mae loans subject to repurchase right	616,638	729,260
Level 2 | Ginnie Mae
Assets:
Ginnie Mae loans subject to repurchase right	616,335	728,978
Liabilities:
Ginnie Mae loans subject to repurchase right	616,638	729,260
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	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	$ 1,249,809	$ 2,204,216	$ 2,153,990	$ 2,368,777
Principal Amount Due Upon Maturity	1,262,051	2,184,326
Difference	$ (12,242)	$ 19,890

Accounts and Interest Receiva_3

Accounts and Interest Receivable - Schedule of Accounts and Interest Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Trust advances	$ 21,671	$ 43,660
Foreclosure advances, net	1,903	19,311
Receivables related to loan sales, net	(621)	3,043
Other	564	2,345
Total accounts and interest receivable	$ 23,517	$ 68,359

Accounts and Interest Receiva_4

Accounts and Interest Receivable - Schedule of Activity of the Foreclosure Loss Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Foreclosure Loss Reserve [Abstract]
Balance — beginning of period	$ 10,271	$ 13,350	$ 10,355	$ 12,402
Utilization of foreclosure reserve	(1,070)	(118)	(833)	(1,631)
Provision (relief) for foreclosure losses	1,796	(442)	1,475	2,019
Balance — end of period	$ 10,997	$ 12,790	$ 10,997	$ 12,790

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Assets [Abstract]
Prepaid expenses	$ 26,878	$ 32,900
Company owned life insurance	37,286	38,824
Property and equipment, net	14,597	15,834
Right-of-use assets	79,416	86,484
Income tax receivable	33,950	39,295
Real estate owned	471	471
Land	155	146
Trading securities	92	107
Other assets	$ 192,845	$ 214,061

Other Assets - Summary of Prope

Other Assets - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property Plant and Equipment [Line Items]
Property and equipment, gross	$ 83,496	$ 82,507
Accumulated depreciation	(68,899)	(66,673)
Property and equipment, net	14,597	15,834
Computer equipment
Property Plant and Equipment [Line Items]
Property and equipment, gross	29,436	30,355
Furniture and equipment
Property Plant and Equipment [Line Items]
Property and equipment, gross	25,285	25,833
Leasehold improvements
Property Plant and Equipment [Line Items]
Property and equipment, gross	18,125	16,214
Internal-use software in production
Property Plant and Equipment [Line Items]
Property and equipment, gross	1,989	1,548
Internal-use software
Property Plant and Equipment [Line Items]
Property and equipment, gross	$ 8,661	$ 8,557

Other Assets - Additional Infor

Other Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Assets [Abstract]
Depreciation and Amortization	$ 1.8	$ 1.6	$ 3.7	$ 3.3

Derivative Financial Instrume_3

Derivative Financial Instruments - Schedule of Net Unrealized Hedging Gains (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized hedging losses			$ (6,924)	$ (48,605)
Not Designated as Hedging Instruments | Loan Origination Fees and Gain on Sale of Loans, Net
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized hedging losses	$ (46,957)	$ (91,606)	$ (6,924)	$ (48,605)

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	Jun. 30, 2022	Dec. 31, 2021
IRLCs
Derivative [Line Items]
Notional Value	$ 2,156,288	$ 2,388,097
Derivative Asset	14,600	22,119
Derivative Liability	0	0
Forward commitments
Derivative [Line Items]
Notional Value	2,446,093	3,217,162
Derivative Asset	8,480	5,842
Derivative Liability	2,765	$ 2,079
Best efforts sales commitments
Derivative [Line Items]
Notional Value	190,800
Derivative Asset	0
Derivative Liability	$ 1,356

Derivative Financial Instrume_5

Derivative Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding forward contracts and mandatory sell commitments	$ 395,300,000		$ 395,300,000		$ 654,000,000
Closed hedge instruments not yet settled	709,500,000		709,500,000		$ 767,500,000
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 - Loan funding probability (“pull-through”)	Jun. 30, 2022	Dec. 31, 2021
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, unobservable input	0	0
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, unobservable input	1	1
Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, unobservable input	0.927	0.915

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	Jun. 30, 2022	Dec. 31, 2021
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative assets	$ 23,080	$ 27,961
Derivative liability	(4,121)	(2,079)
Derivative Financial Instruments, Liabilities
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset		631
Derivative liability	(5,391)
Gross Amounts Offset in the Balance Sheet
Derivative asset		(2,710)
Derivative liability	1,270
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative liability	(4,121)	(2,079)
Derivative Financial Instruments, Assets
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset	15,336	7,541
Gross Amounts Offset in the Balance Sheet
Derivative asset	(6,856)	(1,699)
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative assets	8,480	5,842
Forward delivery commitments | Derivative Financial Instruments, Liabilities
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset		1,575
Derivative liability	(4,035)
Gross Amounts Offset in the Balance Sheet
Derivative asset		(2,710)
Derivative liability	1,270
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative liability	(2,765)	(1,135)
Forward delivery commitments | Derivative Financial Instruments, Assets
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset	15,336	7,541
Gross Amounts Offset in the Balance Sheet
Derivative asset	(6,856)	(1,699)
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative assets	8,480	5,842
Best efforts sales commitments | Derivative Financial Instruments, Liabilities
Gross Amounts of Recognized Assets (Liabilities)
Derivative liability	(1,356)	(944)
Gross Amounts Offset in the Balance Sheet
Derivative liability	0	0
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative liability	$ (1,356)	$ (944)

Mortgage Servicing Rights - Sum

Mortgage Servicing Rights - Summary of Activity of Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance — beginning of period	$ 937,556	$ 586,717	$ 675,340	$ 446,998
MSRs originated	71,680	76,762	149,295	180,738
Changes in fair value:
Due to collection/realization of cash flows	(25,827)	(34,944)	(50,721)	(79,806)
Due to changes in valuation model inputs or assumptions	46,901	(49,845)	256,396	30,760
Balance — end of period	$ 1,030,310	$ 578,690	$ 1,030,310	$ 578,690

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 ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
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%	9.30%
Prepayment rate	6.90%	7.30%
Cost to service (per loan)	$ 71.9	$ 71.9
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	28.20%	29.50%
Cost to service (per loan)	$ 386.3	$ 247.6
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	9.80%	9.90%
Prepayment rate	8.10%	13.60%
Cost to service (per loan)	$ 90.1	$ 91.4

Mortgage Servicing Rights - Add

Mortgage Servicing Rights - Additional Information (Details) - USD ($) $ in Billions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Transfers and Servicing [Abstract]
Mortgage servicing right weighted average life	8 years 1 month 6 days	5 years 10 months 24 days
Unpaid principal balance of mortgage loans serviced	$ 75.9	$ 70.9

Mortgage Servicing Rights - S_3

Mortgage Servicing Rights - Summary of Actual Revenue Generated from Servicing Activities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Transfers and Servicing [Abstract]
Servicing fees from servicing portfolio	$ 53,368	$ 46,035	$ 104,932	$ 89,891
Late fees	1,368	1,451	2,883	2,520
Other ancillary servicing revenue		166		440
Other ancillary servicing revenue	(141)		(43)
Total loan servicing and other fees	$ 54,595	$ 47,652	$ 107,772	$ 92,851

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	Jun. 30, 2022	Dec. 31, 2021
Transfers and Servicing [Abstract]
Mortgage servicing rights, Prepayment Speeds, 10% Adverse Change	$ (36,214)	$ (35,704)
Mortgage servicing rights, Prepayment Speeds, 20% Adverse Change	(70,495)	(69,207)
Mortgage servicing rights, Discount Rates, 10% Adverse Change	(41,865)	(23,135)
Mortgage servicing rights, Discount Rates, 20% Adverse Change	(80,777)	(45,139)
Mortgage servicing rights, Cost to Service (per loan), 10% Adverse Change	(11,437)	(7,875)
Mortgage servicing rights, Cost to Service (per loan), 20% Adverse Change	$ (23,252)	$ (16,288)

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	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Mortgages Held For Sale [Roll Forward]
Balance at the beginning of period	$ 2,204,216	$ 2,368,777
Origination of mortgage loans held for sale	11,908,191	18,077,556
Proceeds on sale of and payments from mortgage loans held for sale	(13,168,952)	(18,927,552)
Gain on sale of mortgage loans excluding fair value of other financial instruments, net	340,002	671,268
Valuation adjustment of mortgage loans held for sale	(33,648)	(36,059)
Balance at the end of period	$ 1,249,809	$ 2,153,990

Mortgage Loans Held for Sale _2

Mortgage Loans Held for Sale - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Mortgage Loans Held For Sale [Abstract]
Mortgage loans held for sale including unpaid principal balances of underlying loans	$ 1,262,051	$ 2,184,326
Mortgage loans held for sale	$ 1,249,809	$ 2,204,216	$ 2,153,990	$ 2,368,777

Investor Reserves (Details)

Investor Reserves (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Investor Reserves [Roll Forward]
Balance — beginning of year	$ 17,380	$ 14,877	$ 18,437	$ 14,535
Benefit from investor reserves	(2,192)	(1,306)	(622)	(3,312)
Provision (relief) for investor reserves	1,731	3,256	(896)	5,604
Balance — end of year	$ 16,919	$ 16,827	$ 16,919	$ 16,827

Goodwill and Intangible Assets

Goodwill and Intangible Assets - Summary of Activity in Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 175,144
Measurement period adjustment	(1,710)	$ 0
Goodwill, ending balance	173,434
Measurement period adjustment to income tax receivable	$ 1,700

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Intangibles	$ 45,000
Accumulated Amortization	7,950
Net Intangibles	$ 37,050	$ 41,025
Weighted Average Amortization Period (Years)	4 years 9 months 18 days
Referral network
Finite-Lived Intangible Assets [Line Items]
Gross Intangibles	$ 42,300
Accumulated Amortization	7,050
Net Intangibles	$ 35,250
Weighted Average Amortization Period (Years)	4 years 8 months 12 days
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Intangibles	$ 2,700
Accumulated Amortization	900
Net Intangibles	$ 1,800
Weighted Average Amortization Period (Years)	1 month 6 days

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 2	$ 4

Warehouse Lines of Credit - Sum

Warehouse Lines of Credit - Summary of Warehouse Lines of Credit (Details) - Warehouse Agreement Borrowings - Line of Credit - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Warehouse Lines of Credit [Line Items]
Warehouse lines of credit	$ 1,149,182,000	$ 1,928,543,000
Prepaid commitment fees	(631,000)	(1,065,000)
Total	1,148,551,000	1,927,478,000
Master Repurchase Facility Agreement, $600 Million, Due January 2023
Warehouse Lines of Credit [Line Items]
Borrowing capacity	600,000,000
Warehouse lines of credit	58,705,000	472,646,000
Master Repurchase Facility Agreement, $250 Million, Due August 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	250,000,000
Warehouse lines of credit	55,489,000	147,750,000
Minimum deposit required for line of credit	1,250,000
Master Repurchase Facility Agreement, $400 Million, Due March 2023
Warehouse Lines of Credit [Line Items]
Borrowing capacity	400,000,000
Warehouse lines of credit	271,148,000	295,444,000
Minimum deposit required for line of credit	2,000,000
Master Repurchase Facility Agreement, $200 Million, Due May 2023
Warehouse Lines of Credit [Line Items]
Borrowing capacity	200,000,000
Warehouse lines of credit	14,597,000	146,182,000
Minimum deposit required for line of credit	$ 750,000
Master Repurchase Facility Agreement, $200 Million, Due May 2023 | SOFR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	0.25%
Master Repurchase Facility Agreement, $200 Million, Due September 2022
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 200,000,000
Warehouse lines of credit	$ 26,252,000	133,772,000
Master Repurchase Facility Agreement, $200 Million, Due September 2022 | SOFR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	0.40%
Master Repurchase Facility Agreement, $400 Million, Due June 2023
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 400,000,000
Warehouse lines of credit	$ 264,886,000	377,416,000
Master Repurchase Facility Agreement, $400 Million, Due June 2023 | SOFR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	0.50%
Master Repurchase Facility Agreement, $200 Million, Due April 2023
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 200,000,000
Warehouse lines of credit	$ 131,383,000	117,935,000
Master Repurchase Facility Agreement, $200 Million, Due April 2023 | SOFR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	0.25%
Master Repurchase Facility Agreement, $100 Million. Due 30 Days From Written Notice
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 100,000,000
Warehouse lines of credit	$ 104,970,000	136,173,000
Maturity, period from written notice	30 days
Master Repurchase Facility Agreement, $75 Million, Due March 2025
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 75,000,000
Warehouse lines of credit	$ 47,909,000	33,452,000
Stated interest rate	3.375%
Maximum term of buyout transactions on facility	4 years
Master Repurchase Facility Agreement, $200 Million
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 200,000,000
Warehouse lines of credit	0	26,947,000
Master Repurchase Facility Agreement, $300 Million
Warehouse Lines of Credit [Line Items]
Borrowing capacity	300,000,000
Warehouse lines of credit	$ 173,843,000	35,099,000
Master Repurchase Facility Agreement, $300 Million | SOFR
Warehouse Lines of Credit [Line Items]
Line of credit, floor interest rate	0.75%
Master Repurchase Facility Agreement, $75 Million
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 75,000,000
Warehouse lines of credit	$ 0	$ 5,727,000

Warehouse Lines of Credit - Add

Warehouse Lines of Credit - Additional Information (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Warehouse Lines of Credit [Line Items]
Warehouse lines of credit	$ 1,148,551,000	$ 1,927,478,000
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	2.54%	2.40%
Cash balances	$ 14,700,000	$ 46,700,000

Notes Payable - Additional Info

Notes Payable - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Feb. 28, 2022	Dec. 31, 2021	Mar. 31, 2021	Feb. 28, 2021	Jul. 31, 2020	Jun. 30, 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				$ 125,000,000	$ 76,500,000
Outstanding borrowings	$ 118,800,000		$ 125,000,000	$ 76,500,000
Periodic payment, principal, percentage of outstanding balance	5%
Revolving Credit Facility | Government National Mortgage Association
Debt Instrument [Line Items]
Unused facility fee percentage	70%
Line of credit facility, maximum borrowing capacity							$ 135,000,000
Maximum amount of committed to increase							$ 200,000,000
Outstanding borrowings	$ 0		60,000,000
Revolving Credit Facility | Federal Home Loan Mortgage Corporation
Debt Instrument [Line Items]
Unused facility fee percentage	50%
Line of credit facility, maximum borrowing capacity		$ 100,000,000				$ 65,000,000		$ 25,000,000
Outstanding borrowings	$ 0		$ 65,000,000
SOFR | Revolving Credit Facility | Government National Mortgage Association
Debt Instrument [Line Items]
Line of credit, floor interest rate	0.50%
SOFR | Revolving Credit Facility | Federal Home Loan Mortgage Corporation
Debt Instrument [Line Items]
Line of credit, floor interest rate	0.50%
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%

Notes Payable - Summary of Mini

Notes Payable - Summary of Minimum Calendar Year Payments of Term Note (Details) - Term Note $ in Thousands	Jun. 30, 2022 USD ($)
Debt Instrument [Line Items]
2022	$ 12,500
2023	25,000
2024	81,250
Total	$ 118,750

Stockholders' Equity and Earn_3

Stockholders' Equity and Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income attributable to Guild	$ 58,272	$ 8,938	$ 266,230	$ 169,542
Weighted-average shares outstanding - basic (in shares)	61,064	60,000	61,060	60,000
Weighted-average shares outstanding - diluted (in shares)	61,650	60,260	61,779	60,234
Basic earnings per share:
Class A and Class B Common Stock (in dollars per share)	$ 0.95	$ 0.15	$ 4.36	$ 2.83
Diluted earnings per share:
Class A and Class B Common Stock (in dollars per share)	$ 0.95	$ 0.15	$ 4.31	$ 2.81
Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted-average shares outstanding - basic (in shares)	20,731	19,667	20,727	19,667
Add dilutive effects of non-vested shares of restricted stock - Class A (in shares)	586	260	719	234
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	40,333	40,333

Stockholders' Equity and Earn_4

Stockholders' Equity and Earnings Per Share - Additional Information (Details) $ / shares in Units, $ in Millions		3 Months Ended	6 Months Ended
	May 05, 2022 USD ($)	Jun. 30, 2022 USD ($) class $ / shares	Jun. 30, 2022 USD ($) class vote shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Number of shares excluded from calculation of earnings per share (in shares) | shares			0
Number of classes of stock | class		2	2
Stock repurchase program, authorized amount | $	$ 20
Stock repurchase program, period in force	24 months
Average cost per share (in dollars per share) | $ / shares		$ 10.18
Stock repurchase program, remaining authorized repurchase | $		$ 18.6	$ 18.6
Restricted Stock Units
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Right to receive common stock, upon vesting (in shares)			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 | vote			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 | vote			10

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - Restricted Stock Units - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation costs recognized	$ 1.7	$ 1.5	$ 3	$ 3.1
Income tax benefit related to compensation costs recognized	0.3	$ 0.3	0.5	$ 0.6
Unrecognized compensation costs	$ 17.4		$ 17.4
Unrecognized compensation expense, period for recognition			2 years 4 months 24 days

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Billions	Jun. 30, 2022	Dec. 31, 2021
Commitments To Originate Loans
Other Commitments [Line Items]
Commitments	$ 2.2	$ 2.4
Derivative Commitments
Other Commitments [Line Items]
Commitments	$ 2.4	$ 3.2

Minimum Net Worth Requirements

Minimum Net Worth Requirements - Additional Information (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Mortgage Banking [Abstract]
Minimum adjusted net worth balance required	$ 84,482

Segments - Additional Informati

Segments - Additional Information (Details)	6 Months Ended
	Jun. 30, 2022 loan state segment
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	49
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				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Loan origination fees and gain on sale of loans, net	$ 207,972		$ 330,759		$ 450,611	$ 777,347
Loan servicing and other fees	54,595		47,652		107,772	92,851
Valuation adjustment of mortgage servicing rights	21,074		(84,789)		205,675	(49,046)
Interest income (expense)	3,874		426		4,999	(986)
Other income, net	22		61		242	130
Net revenue	287,537		294,109		769,299	820,296
Expenses
Salaries, incentive compensation and benefits	178,192		232,563		365,521	499,287
General and administrative	6,371		31,794		741	58,701
Occupancy, equipment and communication	18,973		14,662		37,285	29,494
Depreciation and amortization	3,808		1,608		7,721	3,262
Provision (relief) for foreclosure losses	1,796		(442)		1,475	2,019
Income tax expense	20,108		4,986		90,294	57,991
Net income	58,289	$ 207,973	8,938	$ 160,604	266,262	169,542
Operating Segments
Revenue
Loan origination fees and gain on sale of loans, net	207,972		330,759		450,611	777,347
Loan servicing and other fees	54,595		47,652		107,772	92,851
Valuation adjustment of mortgage servicing rights	21,074		(84,789)		205,675	(49,046)
Interest income (expense)	5,320		2,018		8,170	2,003
Other income, net	31		50		50	72
Net revenue	288,992		295,690		772,278	823,227
Expenses
Salaries, incentive compensation and benefits	172,642		222,136		354,226	480,164
General and administrative	3,714		28,971		(5,329)	53,465
Occupancy, equipment and communication	17,788		13,784		34,999	28,065
Depreciation and amortization	3,557		1,318		7,200	2,401
Provision (relief) for foreclosure losses	1,796		(442)		1,475	2,019
Income tax expense	0		0		0	0
Net income	89,495		29,923		379,707	257,113
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)	(1,446)		(1,592)		(3,171)	(2,989)
Other income, net	(9)		11		192	58
Net revenue	(1,455)		(1,581)		(2,979)	(2,931)
Expenses
Salaries, incentive compensation and benefits	5,550		10,427		11,295	19,123
General and administrative	2,657		2,823		6,070	5,236
Occupancy, equipment and communication	1,185		878		2,286	1,429
Depreciation and amortization	251		290		521	861
Provision (relief) for foreclosure losses	0		0		0	0
Income tax expense	20,108		4,986		90,294	57,991
Net income	(31,206)		(20,985)		(113,445)	(87,571)
Origination | Operating Segments
Revenue
Loan origination fees and gain on sale of loans, net	206,445		329,157		444,966	773,954
Loan servicing and other fees	0		0		0	0
Valuation adjustment of mortgage servicing rights	0		0		0	0
Interest income (expense)	5,678		3,655		12,795	6,501
Other income, net	(25)		32		(25)	32
Net revenue	212,098		332,844		457,736	780,487
Expenses
Salaries, incentive compensation and benefits	165,133		215,061		339,459	465,876
General and administrative	1,460		25,156		(10,251)	47,794
Occupancy, equipment and communication	16,495		12,758		32,602	25,931
Depreciation and amortization	3,395		1,096		6,876	1,989
Provision (relief) for foreclosure losses	0		0		0	0
Income tax expense	0		0		0	0
Net income	25,615		78,773		89,050	238,897
Servicing | Operating Segments
Revenue
Loan origination fees and gain on sale of loans, net	1,527		1,602		5,645	3,393
Loan servicing and other fees	54,595		47,652		107,772	92,851
Valuation adjustment of mortgage servicing rights	21,074		(84,789)		205,675	(49,046)
Interest income (expense)	(358)		(1,637)		(4,625)	(4,498)
Other income, net	56		18		75	40
Net revenue	76,894		(37,154)		314,542	42,740
Expenses
Salaries, incentive compensation and benefits	7,509		7,075		14,767	14,288
General and administrative	2,254		3,815		4,922	5,671
Occupancy, equipment and communication	1,293		1,026		2,397	2,134
Depreciation and amortization	162		222		324	412
Provision (relief) for foreclosure losses	1,796		(442)		1,475	2,019
Income tax expense	0		0		0	0
Net income	$ 63,880		$ (48,850)		$ 290,657	$ 18,216