Guild (GHLD) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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	Q3
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		20,733,787
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		40,333,019

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 162,198	$ 243,108
Restricted cash	7,752	5,012
Mortgage loans held for sale	929,561	2,204,216
Ginnie Mae loans subject to repurchase right	607,614	728,978
Accounts and interest receivable	32,095	68,359
Derivative assets	71,826	27,961
Mortgage servicing rights, net	1,129,551	675,340
Intangible assets, net	35,063	41,025
Goodwill	173,434	175,144
Other assets	194,997	214,061
Total assets	3,344,091	4,383,204
Liabilities and stockholders’ equity
Warehouse lines of credit	819,892	1,927,478
Notes payable	112,500	250,227
Ginnie Mae loans subject to repurchase right	608,046	729,260
Accounts payable and accrued expenses	40,902	56,836
Accrued compensation and benefits	35,457	75,079
Investor reserves	16,015	18,437
Contingent liabilities due to acquisitions	0	59,500
Derivative liabilities	23,577	2,079
Operating lease liabilities	87,363	97,836
Note due to related party	1,057	2,614
Deferred compensation plan	93,073	101,600
Deferred tax liabilities	240,618	142,245
Total liabilities	2,078,500	3,463,191
Commitments and contingencies (Note 15)
Stockholders’ equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued and outstanding	0	0
Additional paid-in capital	44,061	42,175
Retained earnings	1,220,863	877,194
Non-controlling interest	59	34
Total stockholders’ equity	1,265,591	920,013
Total liabilities and stockholders’ equity	3,344,091	4,383,204
Class A Common Stock
Stockholders’ equity
Common stock	205	207
Class B Common Stock
Stockholders’ equity
Common stock	$ 403	$ 403

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - $ / shares	Sep. 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)	20,477,053	20,723,912
Common stock, shares, outstanding (in shares)	20,477,053	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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue
Loan origination fees and gain on sale of loans, net	$ 154,618	$ 396,961	$ 605,229	$ 1,174,308
Loan servicing and other fees	57,647	50,248	165,419	143,099
Valuation adjustment of mortgage servicing rights	41,764	(35,535)	247,439	(84,581)
Interest income	17,575	16,652	47,661	46,386
Interest expense	(11,324)	(15,310)	(36,411)	(46,030)
Other income, net	940	(59)	1,182	71
Net revenue	261,220	412,957	1,030,519	1,233,253
Expenses
Salaries, incentive compensation and benefits	137,372	270,894	502,893	770,181
General and administrative	19,412	24,807	20,153	83,508
Occupancy, equipment and communication	17,302	18,014	54,587	47,508
Depreciation and amortization	3,895	4,107	11,616	7,369
Reversal of provision for foreclosure losses	(3,449)	(2,325)	(1,974)	(306)
Total expenses	174,532	315,497	587,275	908,260
Income before income tax expense	86,688	97,460	443,244	324,993
Income tax expense	9,321	25,364	99,615	83,355
Net income (loss)	77,367	72,096	343,629	241,638
Net (loss) income attributable to non-controlling interest	(7)	0	25	0
Net income attributable to Guild	$ 77,374	$ 72,096	$ 343,604	$ 241,638
Net income per share attributable to Class A and Class B Common Stock:
Basic (in dollars per share)	$ 1.27	$ 1.18	$ 5.63	$ 4.01
Diluted (in dollars per share)	$ 1.26	$ 1.17	$ 5.56	$ 3.99
Weighted average shares outstanding of Class A and Class B Common Stock:
Basic (in shares)	60,893	60,986	61,004	60,332
Diluted (in shares)	61,563	61,400	61,806	60,618

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) - USD ($) $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Common​ Stock 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 (loss)	160,604						160,604
Ending balance (in shares) at Mar. 31, 2021				19,666,981	40,333,019
Ending balance at Mar. 31, 2021	898,228			$ 197	$ 403	19,667	877,961	0
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 (loss)	241,638
Ending balance (in shares) at Sep. 30, 2021				20,663,625	40,333,019
Ending balance at Sep. 30, 2021	937,515			$ 207	$ 403	39,321	897,584	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	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,457					1,457
Dividends paid on Class A and Class B common stock ($1.00 per share)	(60,000)						(60,000)
Dividend equivalents on unvested restricted stock units	0					1,447	(1,447)
Net income (loss)	8,938						8,938
Ending balance (in shares) at Jun. 30, 2021				19,666,981	40,333,019
Ending balance at Jun. 30, 2021	848,623			$ 197	$ 403	22,571	825,452	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class A shares for acquisition of RMS (in shares)				996,644
Issuance of Class A shares for acquisition of RMS	15,289			$ 10		15,279
Stock-based compensation	1,507					1,507
Dividend equivalents on unvested restricted stock units	0					(36)	36
Net income (loss)	72,096						72,096
Ending balance (in shares) at Sep. 30, 2021				20,663,625	40,333,019
Ending balance at Sep. 30, 2021	937,515			$ 207	$ 403	39,321	897,584	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	0					(40)	40
Net income (loss)	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]
Repurchase and retirement of Class A common stock (in shares)				(280,914)
Net income (loss)	343,629
Ending balance (in shares) at Sep. 30, 2022		20,477,053	40,333,019	20,477,053	40,333,019
Ending balance at Sep. 30, 2022	1,265,591			$ 205	$ 403	44,061	1,220,863	59
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 (in shares)				34,055
Repurchase and retirement of Class A common stock (in shares)				(141,952)
Repurchase and retirement of Class A common stock	(1,445)			$ (1)		(1,444)
Net income (loss)	58,289						58,272	17
Ending balance (in shares) at Jun. 30, 2022				20,616,015	40,333,019
Ending balance at Jun. 30, 2022	1,187,830			$ 206	$ 403	43,666	1,143,489	66
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	1,917					1,917
Repurchase and retirement of Class A common stock (in shares)				(138,962)
Repurchase and retirement of Class A common stock	(1,523)			$ (1)		(1,522)
Net income (loss)	77,367						77,374	(7)
Ending balance (in shares) at Sep. 30, 2022		20,477,053	40,333,019	20,477,053	40,333,019
Ending balance at Sep. 30, 2022	$ 1,265,591			$ 205	$ 403	$ 44,061	$ 1,220,863	$ 59

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) (Parenthetical)	3 Months Ended
	Jun. 30, 2021 $ / 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	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income	$ 343,629	$ 241,638
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,616	7,369
Valuation adjustment of mortgage servicing rights	(247,439)	84,581
Valuation adjustment of mortgage loans held for sale	65,297	59,040
Unrealized (gain) loss on derivatives	(22,366)	52,758
Amortization of right-of-use assets	12,408	11,619
Provision for investor reserves	679	7,581
Reversal of provision for foreclosure losses	(1,974)	(306)
Valuation adjustment of contingent liabilities due to acquisitions	(45,075)	18,587
Gain on sale of mortgage loans excluding fair value of other financial instruments, net	(440,974)	(1,019,439)
Deferred income taxes	98,373	11,222
Other	(8,277)	2,533
Benefit from investor reserves	(3,101)	(4,958)
Foreclosure loss reserve	(1,436)	(1,427)
Stock-based compensation	4,917	4,596
Changes in operating assets and liabilities:
Origination of mortgage loans held for sale	(16,265,741)	(28,192,471)
Proceeds on sale of and payments from mortgage loans held for sale	17,916,073	29,847,321
Accounts and interest receivable	39,674	(5,955)
Other assets	(2,945)	(7,901)
Mortgage servicing rights	(206,772)	(257,917)
Accounts payable and accrued expenses	(15,932)	(1,620)
Accrued compensation and benefits	(39,622)	(36,938)
Income taxes	4,938	(24,595)
Contingent liability payments	(7,125)	(23,448)
Operating lease liabilities	(12,075)	(8,766)
Deferred compensation plan liability	4,530	6,038
Real estate owned, net	(199)	171
Net cash provided by operating activities	1,181,081	769,313
Cash flows from investing activities
Acquisition of business, net of cash acquired	0	(86,864)
Proceeds from the sale of property and equipment	177	115
Purchases of property and equipment	(3,158)	(3,538)
Net cash used in investing activities	(2,981)	(90,287)
Cash flows from financing activities
Borrowings on warehouse lines of credit	16,006,430	27,415,569
Repayments on warehouse lines of credit	(17,113,148)	(28,082,761)
Borrowings on MSR notes payable	0	23,500
Repayments on MSR notes payable	(137,500)	(4,250)
Contingent liability payments	(7,300)	0
Net change in notes payable	(1,784)	(1,764)
Repurchases of Class A common stock	(2,968)	0
Dividends paid	0	(60,000)
Net cash used in financing activities	(1,256,270)	(709,706)
Decrease in cash, cash equivalents and restricted cash	(78,170)	(30,680)
Cash, cash equivalents and restricted cash, beginning of period	248,120	339,633
Cash, cash equivalents and restricted cash, end of period	169,950	308,953
Cash, cash equivalents and restricted cash at end of period are comprised of the following:
Cash and cash equivalents	162,198	302,931
Restricted cash	7,752	6,022
Total cash, cash equivalents and restricted cash	169,950	308,953
Supplemental information
Cash paid for interest, net	26,291	33,947
Cash paid for income taxes, net of refunds	(3,745)	96,717
Supplemental disclosure of non-cash investing activities:
Measurement period adjustment to goodwill	$ (1,710)	$ 0

BUSINESS, BASIS OF PRESENTATION

BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES	9 Months Ended
	Sep. 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 September 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 $1.0 billion and $1.1 billion at September 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	9 Months Ended
	Sep. 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 September 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 other assets in the Condensed Consolidated Balance Sheets. Derivative Instruments — Derivative instruments are classified within Level Two and Level Three of the valuation hierarchy, and include the following: Interest Rate Lock Commitments — "IRLCs" are classified within Level Three of the valuation hierarchy. IRLCs represent an agreement to extend credit to a mortgage loan applicant, or an agreement to purchase a loan from a third-party originator, whereby the interest rate on the loan is set prior to funding. The fair value of IRLCs is based upon the estimated fair value of the underlying mortgage loan, including the expected net future cash flows related to servicing the mortgage loan, net of estimated incentive compensation expenses, and adjusted for: (i) estimated costs to complete and originate the loan and (ii) an adjustment to reflect the estimated percentage of IRLCs that will result in a closed mortgage loan under the original terms of the agreement (pull-through rate). The pull-through rate is considered a significant unobservable input and is estimated based on changes in pricing and actual borrower behavior using a historical analysis of loan closing and fallout data. The average pull-through rate used to calculate the fair value of IRLCs as of September 30, 2022 and December 31, 2021, was 94.6% 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 6 for additional information on the derivative instruments. Mortgage Loans Held for Sale — "MLHS" are carried at fair value. The fair value of MLHS is based on secondary market pricing for loans with similar characteristics, and as such, is classified as a Level Two measurement. For Level Two MLHS, fair value is estimated through a market approach by using either: (i) the fair value of securities backed by similar mortgage loans, adjusted for certain factors to approximate the fair value of a whole mortgage loan, including the value attributable to servicing rights and credit risk, (ii) current commitments to purchase loans or (iii) recent observable market trades for similar loans, adjusted for credit risk and other individual loan characteristics. The agency mortgage-backed security market is a highly liquid and active secondary market for conforming conventional loans whereby quoted prices exist for securities at the pass-through level and are published on a regular basis. The Company has the ability to access this market and it is the market into which conforming mortgage loans are typically sold. Mortgage Servicing Rights — "MSRs" are classified within Level Three of the valuation hierarchy due to the use of significant unobservable inputs and the lack of an active market for such assets. The fair value of MSRs is estimated based upon projections of expected future cash flows considering prepayment estimates, the Company’s historical prepayment rates, portfolio characteristics, interest rates based on interest rate yield curves, implied volatility, costs to service and other economic factors. The Company obtains valuations from an independent third party on a monthly basis, and records an adjustment based on this third-party valuation. See Note 7 for additional information on our MSRs. Investment in Warrants — The Company was a party to a joint marketing agreement with a private independent insurance carrier whereby the Company marketed their products and submitted leads for borrowers needing insurance. In connection with satisfying the conditions set forth under such agreement, the Company received warrants that may be exercised to purchase shares of common stock of the private company. The Company’s equity investment in the warrants is carried at its estimated fair value, which was determined using the price per share paid by an investor in an equity sale transaction completed by the private company, resulting in a Level Three classification. The warrants are exercisable until June 2025. The Company’s investment in the warrants will be revalued at each balance sheet date with changes in the fair value reported in other income, net in the Condensed Consolidated Statements of Income each reporting period. The Company's investment in warrants is included within other assets in the Condensed Consolidated Balance Sheets. Contingent Liabilities due to acquisitions — Contingent liabilities represent future obligations of the Company to make payments to the former owners of its acquired companies. The Company determines the fair value of its contingent liabilities using a discounted cash flow approach whereby the Company forecasts the cash outflows related to the future payments, which are based on a percentage of net income specified in the purchase agreements. The Company then discounts these expected payment amounts to calculate the present value, or fair value, as of the valuation date. The Company’s management evaluates the underlying projections used in determining fair value each period and makes updates to these underlying projections. The Company uses a risk-adjusted discount rate to value the contingent liabilities, which is considered a significant unobservable input, and as such, the liabilities are classified as a Level Three measurement. Management’s underlying projections adjust for market penetration and other economic expectations, and the discount rate is risk-adjusted for key factors such as uncertainty in the mortgage banking industry due to its reliance on external influences (interest rates, regulatory changes, etc.), upfront payments, and credit risk. An increase in the discount rate will result in a decrease in the fair value of the contingent liabilities. Conversely, a decrease in the discount rate will result in an increase in the fair value of the contingent liabilities. At September 30, 2022 and December 31, 2021 the range of the risk adjusted discount rate was 13.8% - 15.0%, with a median of 14.9%, 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 September 30, 2022: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 83 $ — $ — $ 83 Derivative Forward delivery commitments and best effort sales commitments — 71,826 — 71,826 Mortgage loans held for sale — 929,561 — 929,561 Mortgage servicing rights — — 1,129,551 1,129,551 Investment in warrants — — 961 961 Total assets at fair value $ 83 $ 1,001,387 $ 1,130,512 $ 2,131,982 Liabilities: Derivative Interest rate lock commitments — — 23,577 23,577 Total liabilities at fair value $ — $ — $ 23,577 $ 23,577 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 June 30, 2022 $ 14,600 $ 1,557 Net transfers and revaluation losses (38,177) — Payments — (1,884) Valuation adjustments — 327 Balance at September 30, 2022 $ (23,577) $ — Balance at December 31, 2021 $ 22,119 $ 59,500 Net transfers and revaluation losses (45,696) — Payments — (14,425) Valuation adjustments — (45,075) Balance at September 30, 2022 $ (23,577) $ — Balance at June 30, 2021 $ 44,486 $ 20,416 Net transfers and revaluation losses (8,765) — Payments — (12,656) Additions — 63,956 Valuation adjustments — 5,473 Balance at September 30, 2021 $ 35,721 $ 77,189 Balance at December 31, 2020 $ 130,338 $ 18,094 Net transfers and revaluation losses (94,617) — Payments — (23,448) Additions — 63,956 Valuation adjustments — 18,587 Balance at September 30, 2021 $ 35,721 $ 77,189 Changes in the availability of observable inputs may result in reclassifications of certain assets or liabilities. Such reclassifications are reported as transfers in or out of Level Three as of the beginning of the period that the change occurs. There were no transfers between fair value levels during the three and nine months ended September 30, 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 September 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 September 30, 2022: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 607,614 $ — $ 607,614 Total assets at fair value $ — $ 607,614 $ — $ 607,614 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 608,046 $ — $ 608,046 Total liabilities at fair value $ — $ 608,046 $ — $ 608,046 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 September 30, 2022 $ 929,561 $ 972,588 $ (43,027) 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.

ACQUISITION

ACQUISITION	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITION	ACQUISITION On July 1, 2021, the Company completed the previously announced acquisition of Residential Mortgage Services Holdings, Inc. ("RMS"). RMS is an independent retail mortgage lender focused in the Northeast. This strategic acquisition expanded Guild’s presence in this region and added experienced loan officers to Guild’s sales force. The acquisition was accounted for in accordance with ASC 805 (“ASC 805”) “ Business Combinations ”, whereby the purchase price paid was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed from RMS based on their estimated fair values as of the closing date. Total consideration for the acquisition was approximately $265.0 million. The acquisition was financed with a combination of $185.8 million in cash and the issuance of 996,644 shares of the Company’s Class A common stock. Additionally, RMS shareholders are entitled to contingent consideration based on net income from RMS branch locations for three years following June 1, 2021. These contingent consideration payments will be calculated and paid based on rolling 12-month periods commencing as of June 1, 2021 and ending on the first anniversary of such date, and thereafter on consecutive 12-month periods. The fair value of the contingent consideration payments on the acquisition date was $64.0 million and was determined utilizing a Monte Carlo model based on estimated future revenues and volatility factors, among other variables and estimates, and has no maximum payment. The contingent consideration payments to the RMS shareholders are not capped; therefore there is no predetermined upper bound to the undiscounted range and an estimate of the range of outcomes cannot be estimated. Goodwill was primarily attributable to the assembled workforce and future growth expected after the acquisition date and will not be deductible for income tax purposes. Goodwill recognized was assigned to our Origination segment. Transaction costs associated with the RMS acquisition were approximately $5.2 million and were expensed as incurred within general and administrative expenses in the Condensed Consolidated Statements of Income. Measurement period adjustments were recorded in the second quarter of 2022 and resulted in an immaterial decrease to goodwill and increase to income tax receivable (see Note 10). The following summarizes the estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date, including measurement period adjustments: Purchase price: Cash paid at closing of the transaction $ 185,786 Fair value of Class A common stock issued 15,289 Estimated fair value of contingent consideration 63,956 Total purchase price 265,031 Fair value of assets acquired: Cash, cash equivalents and restricted cash 85,559 Mortgage loans held for sale 465,020 Acquired intangible assets 45,000 Right-of-use assets 11,855 Other 36,923 Total assets acquired 644,357 Fair value of liabilities assumed: Warehouse lines of credit 431,175 Accounts payable and accrued expenses 26,960 Operating lease liabilities 12,959 Deferred taxes 16,231 Other 2,601 Total liabilities assumed 489,926 Fair value of net identifiable assets acquired 154,431 Goodwill $ 110,600 The fair value of the Company's Class A common stock issued was determined based on the closing market price of the Company's common shares on June 30, 2021, the last price prior to the close of the acquisition. The identifiable intangible assets of $45.0 million are subject to amortization. The following table summarizes the major classes of acquired intangible assets and their respective estimated fair values and estimated useful lives: Estimated Fair Value Estimated Useful Life (Years) Acquired intangible assets: Referral network $ 42,300 6 Non-compete agreements 2,700 3 Total acquired intangible assets $ 45,000 The acquisition of RMS has been fully integrated with the Company's existing operations; therefore, post-acquisition revenues and net income are not available. Supplementary pro forma financial information related to the acquisition is not included because the impact to the Company's Condensed Consolidated Statements of Income is not material.

ACCOUNTS AND INTEREST RECEIVABL

ACCOUNTS AND INTEREST RECEIVABLE	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
ACCOUNTS AND INTEREST RECEIVABLE	ACCOUNTS AND INTEREST RECEIVABLE Accounts and interest receivable consisted of the following: September 30, 2022 December 31, 2021 Trust advances $ 18,974 $ 43,660 Foreclosure advances, net 10,690 19,311 Receivables related to loan sales, net 571 3,043 Other 1,860 2,345 Total accounts and interest receivable $ 32,095 $ 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 September 30, Nine Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 10,997 $ 12,790 $ 10,355 $ 12,402 Utilization of foreclosure reserve (603) 204 (1,436) (1,427) Reversal of provision for foreclosure losses (3,449) (2,325) (1,974) (306) Balance — end of period $ 6,945 $ 10,669 $ 6,945 $ 10,669

OTHER ASSETS

OTHER ASSETS	9 Months Ended
	Sep. 30, 2022
Other Assets [Abstract]
OTHER ASSETS	OTHER ASSETS Other assets consisted of the following: September 30, 2022 December 31, 2021 Prepaid expenses $ 29,993 $ 32,900 Company owned life insurance 36,594 38,824 Property and equipment, net 13,260 15,834 Right-of-use assets 75,677 86,484 Income tax receivable 36,068 39,295 Real estate owned 820 471 Land 1,541 146 Trading securities 83 107 Investment in warrants 961 — Total other assets $ 194,997 $ 214,061 Property and equipment, net consisted of the following: September 30, 2022 December 31, 2021 Computer equipment $ 29,436 $ 30,355 Furniture and equipment 25,030 25,833 Leasehold improvements 18,556 16,214 Internal-use software in production 281 1,548 Internal-use software 10,357 8,557 Property and equipment, gross 83,660 82,507 Accumulated depreciation (70,400) (66,673) Property and equipment, net $ 13,260 $ 15,834 Depreciation and amortization expense for property and equipment was $2.0 million and $2.1 million for the three months ended September 30, 2022 and 2021, respectively, and $5.7 million and $5.4 million for the nine months ended September 30, 2022 and 2021, respectively.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Unrealized hedging gains (losses) $ 29,290 $ (4,153) $ 22,366 $ (52,758) Notional and Fair Value The notional and fair value of derivative financial instruments not designated as hedging instruments were as follows at September 30, 2022 and December 31, 2021: Fair Value Notional Derivative Derivative Balance at September 30, 2022 IRLCs $ 1,423,205 $ — $ 23,577 Forward delivery commitments and best efforts sales commitments $ 1,780,910 $ 71,826 $ — Balance at December 31, 2021 IRLCs $ 2,388,097 $ 22,119 $ — Forward delivery commitments and best efforts sales commitments $ 3,217,162 $ 5,842 $ 2,079 The Company had an additional $341.6 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 September 30, 2022 and December 31, 2021, respectively. The Company also had $600.0 million and $767.5 million in closed hedge instruments not yet settled at September 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: September 30, 2022 December 31, 2021 Unobservable Input Range (Weighted Average) Loan funding probability (“pull-through”) 0% -100% (94.6%) 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 September 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 September 30, 2022 Forward delivery commitments and best efforts sales commitments $ 72,434 $ (608) $ 71,826 Total assets $ 72,434 $ (608) $ 71,826 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	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
MORTGAGE SERVICING RIGHTS	MORTGAGE SERVICING RIGHTS The activity of mortgage servicing rights was as follows: Three Months Ended September 30, Nine Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 1,030,310 $ 578,690 $ 675,340 $ 446,998 MSRs originated and acquired through acquisitions 57,477 81,994 206,772 262,732 Changes in fair value: Due to collection/realization of cash flows (19,659) (37,313) (70,380) (117,119) Due to changes in valuation model inputs or assumptions 61,423 1,778 317,819 32,538 Balance — end of period $ 1,129,551 $ 625,149 $ 1,129,551 $ 625,149 The following table presents the weighted average discount rate, prepayment speed and cost to service assumptions used to determine the fair value of MSRs: September 30, 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 7.0% - 31.2% (8.0%) 7.3% - 29.5% (13.6%) Cost to service (per loan) $71.9 - $305.9 ($90.7) $71.9 - $247.6 ($91.4) At September 30, 2022 and December 31, 2021, the MSRs had a weighted average life of approximately 8.2 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 September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended 2022 2021 2022 2021 Servicing fees from servicing portfolio $ 56,410 $ 48,713 $ 161,342 $ 138,604 Late fees 1,486 1,468 4,369 3,988 Other ancillary servicing revenue, net (249) 67 (292) 507 Total loan servicing and other fees $ 57,647 $ 50,248 $ 165,419 $ 143,099 At September 30, 2022 and December 31, 2021, the UPB of mortgage loans serviced totaled $77.7 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 September 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 September 30, 2022 Mortgage servicing rights $ (38,927) $ (75,808) $ (46,720) $ (90,090) $ (11,732) $ (23,899) 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	9 Months Ended
	Sep. 30, 2022
Mortgage Loans Held For Sale [Abstract]
MORTGAGE LOANS HELD FOR SALE	MORTGAGE LOANS HELD FOR SALE The Company sells substantially all of its originated mortgage loans into the secondary market. The Company may retain the right to service some of these loans upon sale through ownership of servicing rights. A reconciliation of the changes in mortgage loans held for sale to the amounts presented in the Condensed Consolidated Statements of Cash Flows is set forth below: Nine Months Ended September 30, 2022 2021 Balance at the beginning of period $ 2,204,216 $ 2,368,777 Origination of mortgage loans held for sale 16,265,741 28,192,471 Proceeds on sale of and payments from mortgage loans held for sale (17,916,073) (29,847,321) Mortgage loans acquired (see Note 3) — 465,020 Gain on sale of mortgage loans excluding fair value of other financial instruments, net 440,974 1,019,439 Valuation adjustment of mortgage loans held for sale (65,297) (59,040) Balance at the end of period $ 929,561 $ 2,139,346 At September 30, 2022, mortgage loans held for sale included UPB of the underlying loans of $1.0 billion and had a fair value of $0.9 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	9 Months Ended
	Sep. 30, 2022
Investor Reserves [Abstract]
INVESTOR RESERVES	INVESTOR RESERVESThe Company’s estimate of the investor reserves considers the current macro-economic environment and recent repurchase trends; however, if the Company experiences a prolonged period of higher repurchase and indemnification activity, then the realized losses from loan repurchases and indemnifications may ultimately be in excess of the liability. The maximum exposure under the Company’s representations and warranties would be the outstanding principal balance and any premium received on all loans ever sold by the Company, less any loans that have already been paid in full by the mortgagee, that have defaulted without a breach of representations and warranties, that have been indemnified via settlement or make-whole, or that have been repurchased. Additionally, the Company may receive relief of certain representations and warranty obligations on loans sold to FNMA or FHLMC on or after January 1, 2013 if FNMA or FHLMC satisfactorily concludes a quality control loan file review or if the borrower meets certain acceptable payment history requirements within 12 or 36 months after the loan is sold to FNMA or FHLMC.The activity of the investor reserves was as follows: Three Months Ended September 30, Nine Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 16,919 $ 16,827 $ 18,437 $ 14,535 Benefit from investor reserves (2,479) (1,646) (3,101) (4,958) Investor reserves acquired from RMS — 1,507 — 1,507 Provision for investor reserves 1,575 1,977 679 7,581 Balance — end of period $ 16,015 $ 18,665 $ 16,015 $ 18,665

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 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 September 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 September 30, 2022: Gross Intangibles Accumulated Amortization Net Intangibles Weighted Average Amortization Period (Years) Referral network $ 42,300 $ 8,812 $ 33,488 4.5 Non-compete agreements 2,700 1,125 1,575 0.1 $ 45,000 $ 9,937 $ 35,063 4.6 Amortization expense related to intangible assets was $2.0 million for each of the three months ended September 30, 2022 and 2021, and $6.0 million and $2.0 million for the nine months ended September 30, 2022 and 2021, respectively.

WAREHOUSE LINES OF CREDIT

WAREHOUSE LINES OF CREDIT	9 Months Ended
	Sep. 30, 2022
Line of Credit Facility [Abstract]
WAREHOUSE LINES OF CREDIT	WAREHOUSE LINES OF CREDITWarehouse lines of credit consisted of the following at September 30, 2022 and December 31, 2021. Changes subsequent to September 30, 2022 have been described in the notes referenced with the below table. Maturity as of September 30, September 30, 2022 December 31, 2021 $600 million master repurchase facility agreement (1) January 2023 $ 67,594 $ 472,646 $150 million master repurchase facility agreement (2) August 2023 25,979 147,750 $400 million master repurchase facility agreement (3) March 2023 253,963 295,444 $200 million master repurchase facility agreement (4) May 2023 17,853 146,182 $200 million master repurchase facility agreement (5) September 2023 50,158 133,772 $400 million master repurchase facility agreement (6) June 2023 160,253 377,416 $200 million master repurchase facility agreement (7) April 2023 77,395 117,935 $100 million master repurchase facility agreement (8) N/A 43,388 136,173 $75 million master repurchase facility agreement (9) March 2025 43,427 33,452 $200 million master repurchase facility agreement (10) N/A — 26,947 $300 million master repurchase facility agreement (11) N/A 81,816 35,099 $75 million master repurchase facility agreement (12) N/A — 5,727 821,826 1,928,543 Prepaid commitment fees (1,934) (1,065) Net warehouse lines of credit $ 819,892 $ 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 $750,000. (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. Subsequent to September 30, 2022, this facility was reduced to $300.0 million and the minimum deposit required was reduced to $1.5 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. (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) 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 2.95% and 2.40% at September 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 had cash balances of $49.7 million and $46.7 million in its warehouse buy down accounts as offsets to certain lines of credit at September 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 September 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 September 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. The revolving note has a maximum committed amount of $135.0 million and the agreement allows for the Company to increase the committed amount up to $200.0 million. In August 2022, the Company amended and restated the agreement to extend the expiration date of the revolving notes to August 2027. The Company has the option to convert the outstanding balance of the revolving note into a term note at its discretion. At September 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 September 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 in March 2024. Interest on the principal is paid monthly and is based upon a margin plus the highest of the (i) Prime Rate, (ii) Federal Funds Rate plus 0.5%, or (iii) the Eurodollar Base Rate plus 1.0%. Principal payments of 5% of the outstanding balance as of March 31, 2022 are due quarterly beginning April 15, 2022, with the remaining principal balance due upon maturity. The term note also has an unused facility fee on the average unused balance, which is also paid quarterly. At September 30, 2022 and December 31, 2021, the Company had an outstanding balance of $112.5 million and $125.0 million, respectively, on this facility. The minimum calendar year payments of the Company’s term note as of September 30, 2022 are as follows: 2022 $ 6,250 2023 25,000 2024 81,250 Total $ 112,500

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
NOTES PAYABLE	WAREHOUSE LINES OF CREDITWarehouse lines of credit consisted of the following at September 30, 2022 and December 31, 2021. Changes subsequent to September 30, 2022 have been described in the notes referenced with the below table. Maturity as of September 30, September 30, 2022 December 31, 2021 $600 million master repurchase facility agreement (1) January 2023 $ 67,594 $ 472,646 $150 million master repurchase facility agreement (2) August 2023 25,979 147,750 $400 million master repurchase facility agreement (3) March 2023 253,963 295,444 $200 million master repurchase facility agreement (4) May 2023 17,853 146,182 $200 million master repurchase facility agreement (5) September 2023 50,158 133,772 $400 million master repurchase facility agreement (6) June 2023 160,253 377,416 $200 million master repurchase facility agreement (7) April 2023 77,395 117,935 $100 million master repurchase facility agreement (8) N/A 43,388 136,173 $75 million master repurchase facility agreement (9) March 2025 43,427 33,452 $200 million master repurchase facility agreement (10) N/A — 26,947 $300 million master repurchase facility agreement (11) N/A 81,816 35,099 $75 million master repurchase facility agreement (12) N/A — 5,727 821,826 1,928,543 Prepaid commitment fees (1,934) (1,065) Net warehouse lines of credit $ 819,892 $ 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 $750,000. (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. Subsequent to September 30, 2022, this facility was reduced to $300.0 million and the minimum deposit required was reduced to $1.5 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. (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) 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 2.95% and 2.40% at September 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 had cash balances of $49.7 million and $46.7 million in its warehouse buy down accounts as offsets to certain lines of credit at September 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 September 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 September 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. The revolving note has a maximum committed amount of $135.0 million and the agreement allows for the Company to increase the committed amount up to $200.0 million. In August 2022, the Company amended and restated the agreement to extend the expiration date of the revolving notes to August 2027. The Company has the option to convert the outstanding balance of the revolving note into a term note at its discretion. At September 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 September 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 in March 2024. Interest on the principal is paid monthly and is based upon a margin plus the highest of the (i) Prime Rate, (ii) Federal Funds Rate plus 0.5%, or (iii) the Eurodollar Base Rate plus 1.0%. Principal payments of 5% of the outstanding balance as of March 31, 2022 are due quarterly beginning April 15, 2022, with the remaining principal balance due upon maturity. The term note also has an unused facility fee on the average unused balance, which is also paid quarterly. At September 30, 2022 and December 31, 2021, the Company had an outstanding balance of $112.5 million and $125.0 million, respectively, on this facility. The minimum calendar year payments of the Company’s term note as of September 30, 2022 are as follows: 2022 $ 6,250 2023 25,000 2024 81,250 Total $ 112,500

STOCKHOLDERS' EQUITY AND EARNIN

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity and Earnings Per Share [Abstract]
STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE	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 September 30, Nine Months Ended 2022 2021 2022 2021 Net income attributable to Guild $ 77,374 $ 72,096 $ 343,604 $ 241,638 Weighted-average shares outstanding, Class A Common Stock 20,560 20,653 20,671 19,999 Weighted-average shares outstanding, Class B Common Stock 40,333 40,333 40,333 40,333 Weighted-average shares outstanding - basic 60,893 60,986 61,004 60,332 Add dilutive effects of non-vested shares of restricted stock - Class A 670 414 802 286 Weighted-average shares outstanding - diluted 61,563 61,400 61,806 60,618 Basic earnings per share: Class A and Class B Common Stock $ 1.27 $ 1.18 $ 5.63 $ 4.01 Diluted earnings per share: Class A and Class B Common Stock $ 1.26 $ 1.17 $ 5.56 $ 3.99 No shares were excluded from the calculation of earnings per share as a result of being anti-dilutive. Capital Stock The Company has two classes of common stock: Class A and Class B. 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 from such date. 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 program may be modified, suspended or terminated by the Company’s Board of Directors at any time. The Company intends to fund any repurchases under the share repurchase program with cash on hand. During the three and nine months ended September 30, 2022, the Company repurchased and subsequently retired 138,962 shares and 280,914 shares of the Company’s Class A common stock at an average purchase price of $11.13 per share and $10.84 per share, respectively. As of September 30, 2022, $17.0 million remains available for repurchase.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 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 nine months ended September 30, 2022 was $1.9 million and $4.9 million, respectively, and $1.5 million and $4.6 million for the three and nine months ended September 30, 2021, and are included in salaries, incentive compensation and benefits. The income tax benefit recognized related to this expense was approximately $0.2 million and $0.3 million for the three months ended September 30, 2022 and 2021, respectively, and $0.7 million and $0.9 million for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, there was approximately $15.6 million of unrecognized compensation costs related to non-vested RSUs, which we expect to recognize over the next 2.2 years.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 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 September 30, 2022 and December 31, 2021 were approximately $1.4 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 September 30, 2022 and December 31, 2021 were approximately $1.8 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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 September 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 September 30, 2022: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 154,319 $ 299 $ 154,618 $ — $ 154,618 Loan servicing and other fees — 57,647 57,647 — 57,647 Valuation adjustment of mortgage servicing rights — 41,764 41,764 — 41,764 Interest income (expense) 4,388 3,392 7,780 (1,529) 6,251 Other income, net (32) 979 947 (7) 940 Net revenue 158,675 104,081 262,756 (1,536) 261,220 Expenses Salaries, incentive compensation and benefits 124,909 6,955 131,864 5,508 137,372 General and administrative 13,706 2,420 16,126 3,286 19,412 Occupancy, equipment and communication 15,043 1,202 16,245 1,057 17,302 Depreciation and amortization 3,498 159 3,657 238 3,895 Reversal of provision for foreclosure losses — (3,449) (3,449) — (3,449) Income tax expense — — — 9,321 9,321 Net income (loss) $ 1,519 $ 96,794 $ 98,313 $ (20,946) $ 77,367 The following table presents the financial performance and results by segment for the nine months ended September 30, 2022: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 599,285 $ 5,944 $ 605,229 $ — $ 605,229 Loan servicing and other fees — 165,419 165,419 — 165,419 Valuation adjustment of mortgage servicing rights — 247,439 247,439 — 247,439 Interest income (expense) 17,183 (1,233) 15,950 (4,700) 11,250 Other income, net (57) 1,054 997 185 1,182 Net revenue 616,411 418,623 1,035,034 (4,515) 1,030,519 Expenses Salaries, incentive compensation and benefits 464,368 21,722 486,090 16,803 502,893 General and administrative 3,455 7,342 10,797 9,356 20,153 Occupancy, equipment and communication 47,645 3,599 51,244 3,343 54,587 Depreciation and amortization 10,374 483 10,857 759 11,616 Reversal of provision for foreclosure losses — (1,974) (1,974) — (1,974) Income tax expense — — — 99,615 99,615 Net income (loss) $ 90,569 $ 387,451 $ 478,020 $ (134,391) $ 343,629 The following table presents the financial performance and results by segment for the three months ended September 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 392,672 $ 4,289 $ 396,961 $ — $ 396,961 Loan servicing and other fees — 50,248 50,248 — 50,248 Valuation adjustment of mortgage servicing rights — (35,535) (35,535) — (35,535) Interest income (expense) 4,746 (1,819) 2,927 (1,585) 1,342 Other income, net (32) 7 (25) (34) (59) Net revenue 397,386 17,190 414,576 (1,619) 412,957 Expenses Salaries, incentive compensation and benefits 256,728 6,343 263,071 7,823 270,894 General and administrative 21,507 1,941 23,448 1,359 24,807 Occupancy, equipment and communication 15,107 959 16,066 1,948 18,014 Depreciation and amortization 3,564 166 3,730 377 4,107 Reversal of provision for foreclosure losses — (2,325) (2,325) — (2,325) Income tax expense — — — 25,364 25,364 Net income (loss) $ 100,480 $ 10,106 $ 110,586 $ (38,490) $ 72,096 The following table presents the financial performance and results by segment for the nine months ended September 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 1,166,626 $ 7,682 $ 1,174,308 $ — $ 1,174,308 Loan servicing and other fees — 143,099 143,099 — 143,099 Valuation adjustment of mortgage servicing rights — (84,581) (84,581) — (84,581) Interest income (expense) 11,247 (6,317) 4,930 (4,574) 356 Other income, net — 47 47 24 71 Net revenue 1,177,873 59,930 1,237,803 (4,550) 1,233,253 Expenses Salaries, incentive compensation and benefits 722,604 20,631 743,235 26,946 770,181 General and administrative 69,301 7,612 76,913 6,595 83,508 Occupancy, equipment and communication 41,038 3,093 44,131 3,377 47,508 Depreciation and amortization 5,553 578 6,131 1,238 7,369 Reversal of provision for foreclosure losses — (306) (306) — (306) Income tax expense — — — 83,355 83,355 Net income (loss) $ 339,377 $ 28,322 $ 367,699 $ (126,061) $ 241,638

BUSINESS, BASIS OF PRESENTATI_2

BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 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 September 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.
Recent Accounting Standards	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 September 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 other assets in the Condensed Consolidated Balance Sheets. Derivative Instruments — Derivative instruments are classified within Level Two and Level Three of the valuation hierarchy, and include the following: Interest Rate Lock Commitments — "IRLCs" are classified within Level Three of the valuation hierarchy. IRLCs represent an agreement to extend credit to a mortgage loan applicant, or an agreement to purchase a loan from a third-party originator, whereby the interest rate on the loan is set prior to funding. The fair value of IRLCs is based upon the estimated fair value of the underlying mortgage loan, including the expected net future cash flows related to servicing the mortgage loan, net of estimated incentive compensation expenses, and adjusted for: (i) estimated costs to complete and originate the loan and (ii) an adjustment to reflect the estimated percentage of IRLCs that will result in a closed mortgage loan under the original terms of the agreement (pull-through rate). The pull-through rate is considered a significant unobservable input and is estimated based on changes in pricing and actual borrower behavior using a historical analysis of loan closing and fallout data. The average pull-through rate used to calculate the fair value of IRLCs as of September 30, 2022 and December 31, 2021, was 94.6% 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 6 for additional information on the derivative instruments. Mortgage Loans Held for Sale — "MLHS" are carried at fair value. The fair value of MLHS is based on secondary market pricing for loans with similar characteristics, and as such, is classified as a Level Two measurement. For Level Two MLHS, fair value is estimated through a market approach by using either: (i) the fair value of securities backed by similar mortgage loans, adjusted for certain factors to approximate the fair value of a whole mortgage loan, including the value attributable to servicing rights and credit risk, (ii) current commitments to purchase loans or (iii) recent observable market trades for similar loans, adjusted for credit risk and other individual loan characteristics. The agency mortgage-backed security market is a highly liquid and active secondary market for conforming conventional loans whereby quoted prices exist for securities at the pass-through level and are published on a regular basis. The Company has the ability to access this market and it is the market into which conforming mortgage loans are typically sold. Mortgage Servicing Rights — "MSRs" are classified within Level Three of the valuation hierarchy due to the use of significant unobservable inputs and the lack of an active market for such assets. The fair value of MSRs is estimated based upon projections of expected future cash flows considering prepayment estimates, the Company’s historical prepayment rates, portfolio characteristics, interest rates based on interest rate yield curves, implied volatility, costs to service and other economic factors. The Company obtains valuations from an independent third party on a monthly basis, and records an adjustment based on this third-party valuation. See Note 7 for additional information on our MSRs. Investment in Warrants — The Company was a party to a joint marketing agreement with a private independent insurance carrier whereby the Company marketed their products and submitted leads for borrowers needing insurance. In connection with satisfying the conditions set forth under such agreement, the Company received warrants that may be exercised to purchase shares of common stock of the private company. The Company’s equity investment in the warrants is carried at its estimated fair value, which was determined using the price per share paid by an investor in an equity sale transaction completed by the private company, resulting in a Level Three classification. The warrants are exercisable until June 2025. The Company’s investment in the warrants will be revalued at each balance sheet date with changes in the fair value reported in other income, net in the Condensed Consolidated Statements of Income each reporting period. The Company's investment in warrants is included within other assets in the Condensed Consolidated Balance Sheets. 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)	9 Months Ended
	Sep. 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 September 30, 2022: Description Level 1 Level 2 Level 3 Total Assets: Trading securities $ 83 $ — $ — $ 83 Derivative Forward delivery commitments and best effort sales commitments — 71,826 — 71,826 Mortgage loans held for sale — 929,561 — 929,561 Mortgage servicing rights — — 1,129,551 1,129,551 Investment in warrants — — 961 961 Total assets at fair value $ 83 $ 1,001,387 $ 1,130,512 $ 2,131,982 Liabilities: Derivative Interest rate lock commitments — — 23,577 23,577 Total liabilities at fair value $ — $ — $ 23,577 $ 23,577 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 June 30, 2022 $ 14,600 $ 1,557 Net transfers and revaluation losses (38,177) — Payments — (1,884) Valuation adjustments — 327 Balance at September 30, 2022 $ (23,577) $ — Balance at December 31, 2021 $ 22,119 $ 59,500 Net transfers and revaluation losses (45,696) — Payments — (14,425) Valuation adjustments — (45,075) Balance at September 30, 2022 $ (23,577) $ — Balance at June 30, 2021 $ 44,486 $ 20,416 Net transfers and revaluation losses (8,765) — Payments — (12,656) Additions — 63,956 Valuation adjustments — 5,473 Balance at September 30, 2021 $ 35,721 $ 77,189 Balance at December 31, 2020 $ 130,338 $ 18,094 Net transfers and revaluation losses (94,617) — Payments — (23,448) Additions — 63,956 Valuation adjustments — 18,587 Balance at September 30, 2021 $ 35,721 $ 77,189
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 September 30, 2022: Description Level 1 Level 2 Level 3 Total Assets: Ginnie Mae loans subject to repurchase right $ — $ 607,614 $ — $ 607,614 Total assets at fair value $ — $ 607,614 $ — $ 607,614 Liabilities: Ginnie Mae loans subject to repurchase right $ — $ 608,046 $ — $ 608,046 Total liabilities at fair value $ — $ 608,046 $ — $ 608,046 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 September 30, 2022 $ 929,561 $ 972,588 $ (43,027) 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.

ACQUISITION (Tables)

ACQUISITION (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Estimated Fair Values of Identifiable Assets Acquired and Liabilities Assumed	The following summarizes the estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date, including measurement period adjustments: Purchase price: Cash paid at closing of the transaction $ 185,786 Fair value of Class A common stock issued 15,289 Estimated fair value of contingent consideration 63,956 Total purchase price 265,031 Fair value of assets acquired: Cash, cash equivalents and restricted cash 85,559 Mortgage loans held for sale 465,020 Acquired intangible assets 45,000 Right-of-use assets 11,855 Other 36,923 Total assets acquired 644,357 Fair value of liabilities assumed: Warehouse lines of credit 431,175 Accounts payable and accrued expenses 26,960 Operating lease liabilities 12,959 Deferred taxes 16,231 Other 2,601 Total liabilities assumed 489,926 Fair value of net identifiable assets acquired 154,431 Goodwill $ 110,600
Schedule of Estimate Fair Value and Useful Lives of Acquired Intangibles Assets by Major Class	The following table summarizes the major classes of acquired intangible assets and their respective estimated fair values and estimated useful lives: Estimated Fair Value Estimated Useful Life (Years) Acquired intangible assets: Referral network $ 42,300 6 Non-compete agreements 2,700 3 Total acquired intangible assets $ 45,000

ACCOUNTS AND INTEREST RECEIVA_2

ACCOUNTS AND INTEREST RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of Accounts and Interest Receivable	Accounts and interest receivable consisted of the following: September 30, 2022 December 31, 2021 Trust advances $ 18,974 $ 43,660 Foreclosure advances, net 10,690 19,311 Receivables related to loan sales, net 571 3,043 Other 1,860 2,345 Total accounts and interest receivable $ 32,095 $ 68,359
Schedule of Activity of the Foreclosure Loss Reserve	The activity of the foreclosure loss reserve was as follows: Three Months Ended September 30, Nine Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 10,997 $ 12,790 $ 10,355 $ 12,402 Utilization of foreclosure reserve (603) 204 (1,436) (1,427) Reversal of provision for foreclosure losses (3,449) (2,325) (1,974) (306) Balance — end of period $ 6,945 $ 10,669 $ 6,945 $ 10,669

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	9 Months Ended
	Sep. 30, 2022
Other Assets [Abstract]
Summary of Other Assets	Other assets consisted of the following: September 30, 2022 December 31, 2021 Prepaid expenses $ 29,993 $ 32,900 Company owned life insurance 36,594 38,824 Property and equipment, net 13,260 15,834 Right-of-use assets 75,677 86,484 Income tax receivable 36,068 39,295 Real estate owned 820 471 Land 1,541 146 Trading securities 83 107 Investment in warrants 961 — Total other assets $ 194,997 $ 214,061
Summary of Property and Equipment	Property and equipment, net consisted of the following: September 30, 2022 December 31, 2021 Computer equipment $ 29,436 $ 30,355 Furniture and equipment 25,030 25,833 Leasehold improvements 18,556 16,214 Internal-use software in production 281 1,548 Internal-use software 10,357 8,557 Property and equipment, gross 83,660 82,507 Accumulated depreciation (70,400) (66,673) Property and equipment, net $ 13,260 $ 15,834

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Unrealized hedging gains (losses) $ 29,290 $ (4,153) $ 22,366 $ (52,758)
Schedule of Notional and Fair Value of Derivative Financial Instruments Not Designated as Hedging Instruments	The notional and fair value of derivative financial instruments not designated as hedging instruments were as follows at September 30, 2022 and December 31, 2021: Fair Value Notional Derivative Derivative Balance at September 30, 2022 IRLCs $ 1,423,205 $ — $ 23,577 Forward delivery commitments and best efforts sales commitments $ 1,780,910 $ 71,826 $ — Balance at December 31, 2021 IRLCs $ 2,388,097 $ 22,119 $ — Forward delivery commitments and best efforts sales 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: September 30, 2022 December 31, 2021 Unobservable Input Range (Weighted Average) Loan funding probability (“pull-through”) 0% -100% (94.6%) 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 September 30, 2022 Forward delivery commitments and best efforts sales commitments $ 72,434 $ (608) $ 71,826 Total assets $ 72,434 $ (608) $ 71,826 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 September 30, 2022 Forward delivery commitments and best efforts sales commitments $ 72,434 $ (608) $ 71,826 Total assets $ 72,434 $ (608) $ 71,826 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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 1,030,310 $ 578,690 $ 675,340 $ 446,998 MSRs originated and acquired through acquisitions 57,477 81,994 206,772 262,732 Changes in fair value: Due to collection/realization of cash flows (19,659) (37,313) (70,380) (117,119) Due to changes in valuation model inputs or assumptions 61,423 1,778 317,819 32,538 Balance — end of period $ 1,129,551 $ 625,149 $ 1,129,551 $ 625,149
Summary of Weighted Average Discount Rate, Prepayment Speed and Cost to Service Assumptions Used to Determine Fair Value of MSRs	The following table presents the weighted average discount rate, prepayment speed and cost to service assumptions used to determine the fair value of MSRs: September 30, 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 7.0% - 31.2% (8.0%) 7.3% - 29.5% (13.6%) Cost to service (per loan) $71.9 - $305.9 ($90.7) $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 September 30, 2022 and 2021: Three Months Ended September 30, Nine Months Ended 2022 2021 2022 2021 Servicing fees from servicing portfolio $ 56,410 $ 48,713 $ 161,342 $ 138,604 Late fees 1,486 1,468 4,369 3,988 Other ancillary servicing revenue, net (249) 67 (292) 507 Total loan servicing and other fees $ 57,647 $ 50,248 $ 165,419 $ 143,099
Summary of Impact of Adverse Changes on Prepayment Speeds, Discount Rate and Cost to Service at Two Different Data Points	The following table illustrates the impact of adverse changes on the prepayment speeds, discount rate and cost to service at two different data points at September 30, 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 September 30, 2022 Mortgage servicing rights $ (38,927) $ (75,808) $ (46,720) $ (90,090) $ (11,732) $ (23,899) 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)	9 Months Ended
	Sep. 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: Nine Months Ended September 30, 2022 2021 Balance at the beginning of period $ 2,204,216 $ 2,368,777 Origination of mortgage loans held for sale 16,265,741 28,192,471 Proceeds on sale of and payments from mortgage loans held for sale (17,916,073) (29,847,321) Mortgage loans acquired (see Note 3) — 465,020 Gain on sale of mortgage loans excluding fair value of other financial instruments, net 440,974 1,019,439 Valuation adjustment of mortgage loans held for sale (65,297) (59,040) Balance at the end of period $ 929,561 $ 2,139,346

INVESTOR RESERVES (Tables)

INVESTOR RESERVES (Tables)	9 Months Ended
	Sep. 30, 2022
Investor Reserves [Abstract]
Schedule of Activity of Investor Reserves	The activity of the investor reserves was as follows: Three Months Ended September 30, Nine Months Ended 2022 2021 2022 2021 Balance — beginning of period $ 16,919 $ 16,827 $ 18,437 $ 14,535 Benefit from investor reserves (2,479) (1,646) (3,101) (4,958) Investor reserves acquired from RMS — 1,507 — 1,507 Provision for investor reserves 1,575 1,977 679 7,581 Balance — end of period $ 16,015 $ 18,665 $ 16,015 $ 18,665

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in the Carrying Amount of Goodwill Allocated to the Origination Segment	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 September 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.
Summary of Finite-Lived Intangible Assets	The following table presents our intangible assets, net as of September 30, 2022: Gross Intangibles Accumulated Amortization Net Intangibles Weighted Average Amortization Period (Years) Referral network $ 42,300 $ 8,812 $ 33,488 4.5 Non-compete agreements 2,700 1,125 1,575 0.1 $ 45,000 $ 9,937 $ 35,063 4.6

WAREHOUSE LINES OF CREDIT (Tabl

WAREHOUSE LINES OF CREDIT (Tables)	9 Months Ended
	Sep. 30, 2022
Line of Credit Facility [Abstract]
Summary of Warehouse Lines of Credit	Warehouse lines of credit consisted of the following at September 30, 2022 and December 31, 2021. Changes subsequent to September 30, 2022 have been described in the notes referenced with the below table. Maturity as of September 30, September 30, 2022 December 31, 2021 $600 million master repurchase facility agreement (1) January 2023 $ 67,594 $ 472,646 $150 million master repurchase facility agreement (2) August 2023 25,979 147,750 $400 million master repurchase facility agreement (3) March 2023 253,963 295,444 $200 million master repurchase facility agreement (4) May 2023 17,853 146,182 $200 million master repurchase facility agreement (5) September 2023 50,158 133,772 $400 million master repurchase facility agreement (6) June 2023 160,253 377,416 $200 million master repurchase facility agreement (7) April 2023 77,395 117,935 $100 million master repurchase facility agreement (8) N/A 43,388 136,173 $75 million master repurchase facility agreement (9) March 2025 43,427 33,452 $200 million master repurchase facility agreement (10) N/A — 26,947 $300 million master repurchase facility agreement (11) N/A 81,816 35,099 $75 million master repurchase facility agreement (12) N/A — 5,727 821,826 1,928,543 Prepaid commitment fees (1,934) (1,065) Net warehouse lines of credit $ 819,892 $ 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 $750,000. (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. Subsequent to September 30, 2022, this facility was reduced to $300.0 million and the minimum deposit required was reduced to $1.5 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. (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) 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)	9 Months Ended
	Sep. 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 September 30, 2022 are as follows: 2022 $ 6,250 2023 25,000 2024 81,250 Total $ 112,500

STOCKHOLDERS' EQUITY AND EARN_2

STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity and Earnings Per Share [Abstract]
Summary of Components of Basic and Diluted Earnings Per Share	The following table sets forth the components of basic and diluted earnings per share: Three Months Ended September 30, Nine Months Ended 2022 2021 2022 2021 Net income attributable to Guild $ 77,374 $ 72,096 $ 343,604 $ 241,638 Weighted-average shares outstanding, Class A Common Stock 20,560 20,653 20,671 19,999 Weighted-average shares outstanding, Class B Common Stock 40,333 40,333 40,333 40,333 Weighted-average shares outstanding - basic 60,893 60,986 61,004 60,332 Add dilutive effects of non-vested shares of restricted stock - Class A 670 414 802 286 Weighted-average shares outstanding - diluted 61,563 61,400 61,806 60,618 Basic earnings per share: Class A and Class B Common Stock $ 1.27 $ 1.18 $ 5.63 $ 4.01 Diluted earnings per share: Class A and Class B Common Stock $ 1.26 $ 1.17 $ 5.56 $ 3.99

SEGMENTS (Tables)

SEGMENTS (Tables)	9 Months Ended
	Sep. 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 September 30, 2022: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 154,319 $ 299 $ 154,618 $ — $ 154,618 Loan servicing and other fees — 57,647 57,647 — 57,647 Valuation adjustment of mortgage servicing rights — 41,764 41,764 — 41,764 Interest income (expense) 4,388 3,392 7,780 (1,529) 6,251 Other income, net (32) 979 947 (7) 940 Net revenue 158,675 104,081 262,756 (1,536) 261,220 Expenses Salaries, incentive compensation and benefits 124,909 6,955 131,864 5,508 137,372 General and administrative 13,706 2,420 16,126 3,286 19,412 Occupancy, equipment and communication 15,043 1,202 16,245 1,057 17,302 Depreciation and amortization 3,498 159 3,657 238 3,895 Reversal of provision for foreclosure losses — (3,449) (3,449) — (3,449) Income tax expense — — — 9,321 9,321 Net income (loss) $ 1,519 $ 96,794 $ 98,313 $ (20,946) $ 77,367 The following table presents the financial performance and results by segment for the nine months ended September 30, 2022: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 599,285 $ 5,944 $ 605,229 $ — $ 605,229 Loan servicing and other fees — 165,419 165,419 — 165,419 Valuation adjustment of mortgage servicing rights — 247,439 247,439 — 247,439 Interest income (expense) 17,183 (1,233) 15,950 (4,700) 11,250 Other income, net (57) 1,054 997 185 1,182 Net revenue 616,411 418,623 1,035,034 (4,515) 1,030,519 Expenses Salaries, incentive compensation and benefits 464,368 21,722 486,090 16,803 502,893 General and administrative 3,455 7,342 10,797 9,356 20,153 Occupancy, equipment and communication 47,645 3,599 51,244 3,343 54,587 Depreciation and amortization 10,374 483 10,857 759 11,616 Reversal of provision for foreclosure losses — (1,974) (1,974) — (1,974) Income tax expense — — — 99,615 99,615 Net income (loss) $ 90,569 $ 387,451 $ 478,020 $ (134,391) $ 343,629 The following table presents the financial performance and results by segment for the three months ended September 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 392,672 $ 4,289 $ 396,961 $ — $ 396,961 Loan servicing and other fees — 50,248 50,248 — 50,248 Valuation adjustment of mortgage servicing rights — (35,535) (35,535) — (35,535) Interest income (expense) 4,746 (1,819) 2,927 (1,585) 1,342 Other income, net (32) 7 (25) (34) (59) Net revenue 397,386 17,190 414,576 (1,619) 412,957 Expenses Salaries, incentive compensation and benefits 256,728 6,343 263,071 7,823 270,894 General and administrative 21,507 1,941 23,448 1,359 24,807 Occupancy, equipment and communication 15,107 959 16,066 1,948 18,014 Depreciation and amortization 3,564 166 3,730 377 4,107 Reversal of provision for foreclosure losses — (2,325) (2,325) — (2,325) Income tax expense — — — 25,364 25,364 Net income (loss) $ 100,480 $ 10,106 $ 110,586 $ (38,490) $ 72,096 The following table presents the financial performance and results by segment for the nine months ended September 30, 2021: Origination Servicing Total All Other Total Revenue Loan origination fees and gain on sale of loans, net $ 1,166,626 $ 7,682 $ 1,174,308 $ — $ 1,174,308 Loan servicing and other fees — 143,099 143,099 — 143,099 Valuation adjustment of mortgage servicing rights — (84,581) (84,581) — (84,581) Interest income (expense) 11,247 (6,317) 4,930 (4,574) 356 Other income, net — 47 47 24 71 Net revenue 1,177,873 59,930 1,237,803 (4,550) 1,233,253 Expenses Salaries, incentive compensation and benefits 722,604 20,631 743,235 26,946 770,181 General and administrative 69,301 7,612 76,913 6,595 83,508 Occupancy, equipment and communication 41,038 3,093 44,131 3,377 47,508 Depreciation and amortization 5,553 578 6,131 1,238 7,369 Reversal of provision for foreclosure losses — (306) (306) — (306) Income tax expense — — — 83,355 83,355 Net income (loss) $ 339,377 $ 28,322 $ 367,699 $ (126,061) $ 241,638

BUSINESS, BASIS OF PRESENTATI_3

BUSINESS, BASIS OF PRESENTATION, AND ACCOUNTING POLICIES (Details) $ in Billions	9 Months Ended
	Sep. 30, 2022 USD ($) entity	Dec. 31, 2021 USD ($)
Accounting Policies [Abstract]
Number of consolidated VIE | entity	1
Account balance in trust for investors and escrow balances for mortgagors | $	$ 1	$ 1.1

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details)	Sep. 30, 2022	Dec. 31, 2021
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	0.946	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	0.946	0.915
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
Minimum | Discount Rate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range of risk adjusted discount rate	0.138	0.150
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
Maximum | Discount Rate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range of risk adjusted discount rate	0.150	0.195
Median | Discount Rate | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range of risk adjusted discount rate	0.149	0.191

FAIR VALUE MEASUREMENTS - Summa

FAIR VALUE MEASUREMENTS - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Assets:
Trading securities	$ 83	$ 107
Derivative
Derivative assets	71,826	27,961
Mortgage loans held for sale	929,561	2,204,216	$ 2,139,346	$ 2,368,777
Mortgage servicing rights	1,129,551	675,340
Investment in warrants	961	0
Derivative
Derivative liabilities	23,577	2,079
Contingent liabilities due to acquisitions	0	59,500
Recurring Fair Value Measurements
Assets:
Trading securities	83	107
Derivative
Mortgage loans held for sale	929,561	2,204,216
Mortgage servicing rights	1,129,551	675,340
Investment in warrants	961
Total assets at fair value	2,131,982	2,907,624
Derivative
Contingent liabilities due to acquisitions		59,500
Total liabilities at fair value	23,577	61,579
Recurring Fair Value Measurements | Forward delivery commitments and best effort sales commitments
Derivative
Derivative assets	71,826
Recurring Fair Value Measurements | Forward delivery commitments
Derivative
Derivative assets		5,842
Derivative
Derivative liabilities		2,079
Recurring Fair Value Measurements | Interest rate lock commitments
Derivative
Derivative assets		22,119
Derivative
Derivative liabilities	23,577
Recurring Fair Value Measurements | Level 1
Assets:
Trading securities	83	107
Derivative
Mortgage loans held for sale	0	0
Mortgage servicing rights	0	0
Investment in warrants	0
Total assets at fair value	83	107
Derivative
Contingent liabilities due to acquisitions		0
Total liabilities at fair value	0	0
Recurring Fair Value Measurements | Level 1 | Forward delivery commitments and best effort sales commitments
Derivative
Derivative assets	0
Recurring Fair Value Measurements | Level 1 | Forward delivery commitments
Derivative
Derivative assets		0
Derivative
Derivative liabilities		0
Recurring Fair Value Measurements | Level 1 | Interest rate lock commitments
Derivative
Derivative assets		0
Derivative
Derivative liabilities	0
Recurring Fair Value Measurements | Level 2
Assets:
Trading securities	0	0
Derivative
Mortgage loans held for sale	929,561	2,204,216
Mortgage servicing rights	0	0
Investment in warrants	0
Total assets at fair value	1,001,387	2,210,058
Derivative
Contingent liabilities due to acquisitions		0
Total liabilities at fair value	0	2,079
Recurring Fair Value Measurements | Level 2 | Forward delivery commitments and best effort sales commitments
Derivative
Derivative assets	71,826
Recurring Fair Value Measurements | Level 2 | Forward delivery commitments
Derivative
Derivative assets		5,842
Derivative
Derivative liabilities		2,079
Recurring Fair Value Measurements | Level 2 | Interest rate lock commitments
Derivative
Derivative assets		0
Derivative
Derivative liabilities	0
Recurring Fair Value Measurements | Level 3
Assets:
Trading securities	0	0
Derivative
Mortgage loans held for sale	0	0
Mortgage servicing rights	1,129,551	675,340
Investment in warrants	961
Total assets at fair value	1,130,512	697,459
Derivative
Contingent liabilities due to acquisitions		59,500
Total liabilities at fair value	23,577	59,500
Recurring Fair Value Measurements | Level 3 | Forward delivery commitments and best effort sales commitments
Derivative
Derivative assets	0
Recurring Fair Value Measurements | Level 3 | Forward delivery commitments
Derivative
Derivative assets		0
Derivative
Derivative liabilities		0
Recurring Fair Value Measurements | Level 3 | Interest rate lock commitments
Derivative
Derivative assets		$ 22,119
Derivative
Derivative liabilities	$ 23,577

FAIR VALUE MEASUREMENTS - Sum_2

FAIR VALUE MEASUREMENTS - Summary of Reconciliation of Level Three Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Contingent Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,557	$ 20,416	$ 59,500	$ 18,094
Payments	(1,884)	(12,656)	(14,425)	(23,448)
Additions		63,956		63,956
Valuation adjustments	327	5,473	(45,075)	18,587
Ending balance	0	77,189	0	77,189
IRLCs
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	14,600	44,486	22,119	130,338
Net transfers and revaluation losses	(38,177)	(8,765)	(45,696)	(94,617)
Ending balance	$ (23,577)	$ 35,721	$ (23,577)	$ 35,721

FAIR VALUE MEASUREMENTS - Sum_3

FAIR VALUE MEASUREMENTS - Summary of Financial Assets Measured at Fair Value on Nonrecurring Basis (Details) - Non-Recurring Fair Value Measurements - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets:
Ginnie Mae loans subject to repurchase right	$ 607,614	$ 728,978
Liabilities:
Ginnie Mae loans subject to repurchase right	608,046	729,260
Ginnie Mae
Assets:
Ginnie Mae loans subject to repurchase right	607,614	728,978
Liabilities:
Ginnie Mae loans subject to repurchase right	608,046	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	607,614	728,978
Liabilities:
Ginnie Mae loans subject to repurchase right	608,046	729,260
Level 2 | Ginnie Mae
Assets:
Ginnie Mae loans subject to repurchase right	607,614	728,978
Liabilities:
Ginnie Mae loans subject to repurchase right	608,046	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	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	$ 929,561	$ 2,204,216	$ 2,139,346	$ 2,368,777
Principal Amount Due Upon Maturity	972,588	2,184,326
Difference	$ (43,027)	$ 19,890

ACQUISITION - Additional Inform

ACQUISITION - Additional Information (Details) - USD ($) $ in Thousands	Jul. 01, 2021	Sep. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Contingent liabilities due to acquisitions		$ 0	$ 59,500
Residential Mortgage Services Holdings, Inc. ("RMS")
Business Acquisition [Line Items]
Purchase price	$ 265,031
Cash paid at closing of the transaction	$ 185,786
Issuance of Class A shares for acquisition of RMS (in shares)	996,644
Contingent liabilities due to acquisitions	$ 64,000
Business acquisition, transaction costs	5,200
Acquired intangible assets	$ 45,000

ACQUISITION - Identifiable Asse

ACQUISITION - Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 01, 2021	Sep. 30, 2022	Dec. 31, 2021
Fair value of liabilities assumed:
Goodwill		$ 173,434	$ 175,144
Residential Mortgage Services Holdings, Inc. ("RMS")
Purchase price:
Cash paid at closing of the transaction	$ 185,786
Fair value of Class A common stock issued	15,289
Estimated fair value of contingent consideration	63,956
Total purchase price	265,031
Fair value of assets acquired:
Cash, cash equivalents and restricted cash	85,559
Mortgage loans held for sale	465,020
Acquired intangible assets	45,000
Right-of-use assets	11,855
Other	36,923
Total assets acquired	644,357
Fair value of liabilities assumed:
Warehouse lines of credit	431,175
Accounts payable and accrued expenses	26,960
Operating lease liabilities	12,959
Deferred taxes	16,231
Other	2,601
Total liabilities assumed	489,926
Fair value of net identifiable assets acquired	154,431
Goodwill	$ 110,600

ACQUISITION - Intangible Assets

ACQUISITION - Intangible Assets Acquired (Details) - Residential Mortgage Services Holdings, Inc. ("RMS") $ in Thousands	Jul. 01, 2021 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets	$ 45,000
Referral network
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets	$ 42,300
Estimated Useful Life (Years)	6 years
Non-compete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets	$ 2,700
Estimated Useful Life (Years)	3 years

ACCOUNTS AND INTEREST RECEIVA_3

ACCOUNTS AND INTEREST RECEIVABLE - Schedule of Accounts and Interest Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Trust advances	$ 18,974	$ 43,660
Foreclosure advances, net	10,690	19,311
Receivables related to loan sales, net	571	3,043
Other	1,860	2,345
Total accounts and interest receivable	$ 32,095	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Foreclosure Loss Reserve [Abstract]
Balance — beginning of period	$ 10,997	$ 12,790	$ 10,355	$ 12,402
Utilization of foreclosure reserve	(603)	204	(1,436)	(1,427)
Reversal of provision for foreclosure losses	(3,449)	(2,325)	(1,974)	(306)
Balance — end of period	$ 6,945	$ 10,669	$ 6,945	$ 10,669

OTHER ASSETS - Summary of Other

OTHER ASSETS - Summary of Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Assets [Abstract]
Prepaid expenses	$ 29,993	$ 32,900
Company owned life insurance	36,594	38,824
Property and equipment, net	13,260	15,834
Right-of-use assets	75,677	86,484
Income tax receivable	36,068	39,295
Real estate owned	820	471
Land	1,541	146
Trading securities	83	107
Investment in warrants	961	0
Other assets	$ 194,997	$ 214,061

OTHER ASSETS - Summary of Prope

OTHER ASSETS - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Property Plant and Equipment [Line Items]
Property and equipment, gross	$ 83,660	$ 82,507
Accumulated depreciation	(70,400)	(66,673)
Property and equipment, net	13,260	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	25,030	25,833
Leasehold improvements
Property Plant and Equipment [Line Items]
Property and equipment, gross	18,556	16,214
Internal-use software in production
Property Plant and Equipment [Line Items]
Property and equipment, gross	281	1,548
Internal-use software
Property Plant and Equipment [Line Items]
Property and equipment, gross	$ 10,357	$ 8,557

OTHER ASSETS - Additional Infor

OTHER ASSETS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Assets [Abstract]
Depreciation and Amortization	$ 2	$ 2.1	$ 5.7	$ 5.4

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Net Unrealized Hedging Gains (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized hedging gains (losses)			$ 22,366	$ (52,758)
Not Designated as Hedging Instruments | Loan Origination Fees and Gain on Sale of Loans, Net
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized hedging gains (losses)	$ 29,290	$ (4,153)	$ 22,366	$ (52,758)

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Notional and Fair Value of Derivative Financial Instruments Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instruments - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
IRLCs
Derivative [Line Items]
Notional Value	$ 1,423,205	$ 2,388,097
Derivative Asset	0	22,119
Derivative Liability	23,577	0
Forward delivery commitments and best effort sales commitments
Derivative [Line Items]
Notional Value	1,780,910	3,217,162
Derivative Asset	71,826	5,842
Derivative Liability	$ 0	$ 2,079

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding forward contracts and mandatory sell commitments	$ 341,600,000		$ 341,600,000		$ 654,000,000
Closed hedge instruments not yet settled	600,000,000		600,000,000		$ 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”)	Sep. 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	0.946	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	Sep. 30, 2022	Dec. 31, 2021
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative assets	$ 71,826	$ 27,961
Derivative liability	(23,577)	(2,079)
Derivative Financial Instruments, Liabilities
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset		631
Gross Amounts Offset in the Balance Sheet
Derivative asset		(2,710)
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative liability		(2,079)
Derivative Financial Instruments, Assets
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset	72,434	7,541
Gross Amounts Offset in the Balance Sheet
Derivative asset	(608)	(1,699)
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative assets	71,826	5,842
Forward delivery commitments and best effort sales commitments | Derivative Financial Instruments, Assets
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset	72,434
Gross Amounts Offset in the Balance Sheet
Derivative asset	(608)
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative assets	$ 71,826
Forward delivery commitments | Derivative Financial Instruments, Liabilities
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset		1,575
Gross Amounts Offset in the Balance Sheet
Derivative asset		(2,710)
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative liability		(1,135)
Forward delivery commitments | Derivative Financial Instruments, Assets
Gross Amounts of Recognized Assets (Liabilities)
Derivative asset		7,541
Gross Amounts Offset in the Balance Sheet
Derivative asset		(1,699)
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative assets		5,842
Best efforts sales commitments | Derivative Financial Instruments, Liabilities
Gross Amounts of Recognized Assets (Liabilities)
Derivative liability		(944)
Gross Amounts Offset in the Balance Sheet
Derivative liability		0
Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
Derivative liability		$ (944)

MORTGAGE SERVICING RIGHTS - Sum

MORTGAGE SERVICING RIGHTS - Summary of Activity of Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Balance — beginning of period	$ 1,030,310	$ 578,690	$ 675,340	$ 446,998
MSRs originated and acquired through acquisitions	57,477	81,994	206,772	262,732
Changes in fair value:
Due to collection/realization of cash flows	(19,659)	(37,313)	(70,380)	(117,119)
Due to changes in valuation model inputs or assumptions	61,423	1,778	317,819	32,538
Balance — end of period	$ 1,129,551	$ 625,149	$ 1,129,551	$ 625,149

MORTGAGE SERVICING RIGHTS - S_2

MORTGAGE SERVICING RIGHTS - Summary of the Weighted Average Discount Rate, Prepayment Speed and Cost to Service Assumptions Used to Determine the Fair Value of MSRs (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 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	7%	7.30%
Cost to service (in dollars 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	31.20%	29.50%
Cost to service (in dollars per loan)	$ 305.9	$ 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%	13.60%
Cost to service (in dollars per loan)	$ 90.7	$ 91.4

MORTGAGE SERVICING RIGHTS - Add

MORTGAGE SERVICING RIGHTS - Additional Information (Details) - USD ($) $ in Billions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Transfers and Servicing [Abstract]
Mortgage servicing right weighted average life	8 years 2 months 12 days	5 years 10 months 24 days
Unpaid principal balance of mortgage loans serviced	$ 77.7	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Transfers and Servicing [Abstract]
Servicing fees from servicing portfolio	$ 56,410	$ 48,713	$ 161,342	$ 138,604
Late fees	1,486	1,468	4,369	3,988
Other ancillary servicing revenue, net	(249)		(292)
Other ancillary servicing revenue, net		67		507
Total loan servicing and other fees	$ 57,647	$ 50,248	$ 165,419	$ 143,099

MORTGAGE SERVICING RIGHTS - S_4

MORTGAGE SERVICING RIGHTS - Summary of Impact of Adverse Changes on Prepayment Speeds, Discount Rate and Cost to Service at Two Different Data Points (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Transfers and Servicing [Abstract]
Mortgage servicing rights, Prepayment Speeds, 10% Adverse Change	$ (38,927)	$ (35,704)
Mortgage servicing rights, Prepayment Speeds, 20% Adverse Change	(75,808)	(69,207)
Mortgage servicing rights, Discount Rates, 10% Adverse Change	(46,720)	(23,135)
Mortgage servicing rights, Discount Rates, 20% Adverse Change	(90,090)	(45,139)
Mortgage servicing rights, Cost to Service (per loan), 10% Adverse Change	(11,732)	(7,875)
Mortgage servicing rights, Cost to Service (per loan), 20% Adverse Change	$ (23,899)	$ (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	9 Months Ended
	Sep. 30, 2022	Sep. 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	16,265,741	28,192,471
Proceeds on sale of and payments from mortgage loans held for sale	(17,916,073)	(29,847,321)
Mortgage loans acquired (see Note 3)	0	465,020
Gain on sale of mortgage loans excluding fair value of other financial instruments, net	440,974	1,019,439
Valuation adjustment of mortgage loans held for sale	(65,297)	(59,040)
Balance at the end of period	$ 929,561	$ 2,139,346

MORTGAGE LOANS HELD FOR SALE _2

MORTGAGE LOANS HELD FOR SALE - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Mortgage Loans Held For Sale [Abstract]
Mortgage loans held for sale including unpaid principal balances of underlying loans	$ 972,588	$ 2,184,326
Mortgage loans held for sale	$ 929,561	$ 2,204,216	$ 2,139,346	$ 2,368,777

INVESTOR RESERVES (Details)

INVESTOR RESERVES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Investor Reserves [Roll Forward]
Balance — beginning of year	$ 16,919	$ 16,827	$ 18,437	$ 14,535
Benefit from investor reserves	(2,479)	(1,646)	(3,101)	(4,958)
Investor reserves acquired from RMS	0	1,507	0	1,507
Provision for investor reserves	1,575	1,977	679	7,581
Balance — end of year	$ 16,015	$ 18,665	$ 16,015	$ 18,665

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Summary of Activity in Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 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_3

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Intangibles	$ 45,000
Accumulated Amortization	9,937
Net Intangibles	$ 35,063	$ 41,025
Weighted Average Amortization Period (Years)	4 years 7 months 6 days
Referral network
Finite-Lived Intangible Assets [Line Items]
Gross Intangibles	$ 42,300
Accumulated Amortization	8,812
Net Intangibles	$ 33,488
Weighted Average Amortization Period (Years)	4 years 6 months
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Intangibles	$ 2,700
Accumulated Amortization	1,125
Net Intangibles	$ 1,575
Weighted Average Amortization Period (Years)	1 month 6 days

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 2	$ 2	$ 6	$ 2

WAREHOUSE LINES OF CREDIT - Sum

WAREHOUSE LINES OF CREDIT - Summary of Warehouse Lines of Credit (Details) - Warehouse Agreement Borrowings - Line of Credit - USD ($)	1 Months Ended	9 Months Ended
	Nov. 04, 2022	Sep. 30, 2022	Dec. 31, 2021
Warehouse Lines of Credit [Line Items]
Warehouse lines of credit		$ 821,826,000	$ 1,928,543,000
Prepaid commitment fees		(1,934,000)	(1,065,000)
Total		819,892,000	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		67,594,000	472,646,000
Master Repurchase Facility Agreement, $150 Million, Due August 2023
Warehouse Lines of Credit [Line Items]
Borrowing capacity		150,000,000
Warehouse lines of credit		25,979,000	147,750,000
Minimum deposit required for line of credit		750,000
Master Repurchase Facility Agreement, $400 Million, Due March 2023
Warehouse Lines of Credit [Line Items]
Borrowing capacity		400,000,000
Warehouse lines of credit		253,963,000	295,444,000
Minimum deposit required for line of credit		2,000,000
Master Repurchase Facility Agreement, $400 Million, Due March 2023 | Subsequent Event
Warehouse Lines of Credit [Line Items]
Borrowing capacity	$ 300,000,000
Minimum deposit required for line of credit	$ 1,500,000
Master Repurchase Facility Agreement, $200 Million, Due May 2023
Warehouse Lines of Credit [Line Items]
Borrowing capacity		200,000,000
Warehouse lines of credit		$ 17,853,000	146,182,000
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 2023
Warehouse Lines of Credit [Line Items]
Borrowing capacity		$ 200,000,000
Warehouse lines of credit		$ 50,158,000	133,772,000
Master Repurchase Facility Agreement, $200 Million, Due September 2023 | 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		$ 160,253,000	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		$ 77,395,000	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. 30 Days From Written Notice
Warehouse Lines of Credit [Line Items]
Borrowing capacity		$ 100,000,000
Warehouse lines of credit		$ 43,388,000	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		$ 43,427,000	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		$ 81,816,000	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 ($)	Sep. 30, 2022	Dec. 31, 2021
Warehouse Lines of Credit [Line Items]
Warehouse lines of credit	$ 819,892,000	$ 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	2.95%	2.40%
Cash balances	$ 49,700,000	$ 46,700,000

NOTES PAYABLE - Additional Info

NOTES PAYABLE - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Feb. 28, 2022	Dec. 31, 2021	Mar. 31, 2021	Jul. 31, 2020	Jul. 31, 2017
Term Note
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 175,000,000
Maximum amount of committed to increase				125,000,000
Outstanding borrowings	$ 112,500,000		$ 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	Sep. 30, 2022 USD ($)
Debt Instrument [Line Items]
2022	$ 6,250
2023	25,000
2024	81,250
Total	$ 112,500

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income attributable to Guild	$ 77,374	$ 72,096	$ 343,604	$ 241,638
Weighted-average shares outstanding - basic (in shares)	60,893	60,986	61,004	60,332
Weighted-average shares outstanding - diluted (in shares)	61,563	61,400	61,806	60,618
Basic earnings per share:
Class A and Class B Common Stock (in dollars per share)	$ 1.27	$ 1.18	$ 5.63	$ 4.01
Diluted earnings per share:
Class A and Class B Common Stock (in dollars per share)	$ 1.26	$ 1.17	$ 5.56	$ 3.99
Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted-average shares outstanding - basic (in shares)	20,560	20,653	20,671	19,999
Add dilutive effects of non-vested shares of restricted stock - Class A (in shares)	670	414	802	286
Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted-average shares outstanding - basic (in shares)	40,333	40,333	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			9 Months Ended
	May 05, 2022 USD ($)	Sep. 30, 2022 USD ($) class $ / shares shares	Jun. 30, 2022 shares	Sep. 30, 2021 shares	Sep. 30, 2022 USD ($) class vote $ / shares shares	Sep. 30, 2021 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)		0		0	0	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		$ 11.13			$ 10.84
Stock repurchase program, remaining authorized repurchase | $		$ 17			$ 17
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 A Common Stock | Common​ Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stock repurchased and retired during period (in shares)		138,962	141,952		280,914
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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation costs recognized	$ 1.9	$ 1.5	$ 4.9	$ 4.6
Income tax benefit related to compensation costs recognized	0.2	$ 0.3	0.7	$ 0.9
Unrecognized compensation costs	$ 15.6		$ 15.6
Unrecognized compensation expense, period for recognition			2 years 2 months 12 days

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Billions	Sep. 30, 2022	Dec. 31, 2021
Commitments To Originate Loans
Other Commitments [Line Items]
Commitments	$ 1.4	$ 2.4
Derivative Commitments
Other Commitments [Line Items]
Commitments	$ 1.8	$ 3.2

MINIMUM NET WORTH REQUIREMENTS

MINIMUM NET WORTH REQUIREMENTS (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)	9 Months Ended
	Sep. 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						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue
Loan origination fees and gain on sale of loans, net	$ 154,618			$ 396,961			$ 605,229	$ 1,174,308
Loan servicing and other fees	57,647			50,248			165,419	143,099
Valuation adjustment of mortgage servicing rights	41,764			(35,535)			247,439	(84,581)
Interest income (expense)	6,251			1,342			11,250	356
Other income, net	940			(59)			1,182	71
Net revenue	261,220			412,957			1,030,519	1,233,253
Expenses
Salaries, incentive compensation and benefits	137,372			270,894			502,893	770,181
General and administrative	19,412			24,807			20,153	83,508
Occupancy, equipment and communication	17,302			18,014			54,587	47,508
Depreciation and amortization	3,895			4,107			11,616	7,369
Reversal of provision for foreclosure losses	(3,449)			(2,325)			(1,974)	(306)
Income tax expense	9,321			25,364			99,615	83,355
Net income (loss)	77,367	$ 58,289	$ 207,973	72,096	$ 8,938	$ 160,604	343,629	241,638
Operating Segments
Revenue
Loan origination fees and gain on sale of loans, net	154,618			396,961			605,229	1,174,308
Loan servicing and other fees	57,647			50,248			165,419	143,099
Valuation adjustment of mortgage servicing rights	41,764			(35,535)			247,439	(84,581)
Interest income (expense)	7,780			2,927			15,950	4,930
Other income, net	947			(25)			997	47
Net revenue	262,756			414,576			1,035,034	1,237,803
Expenses
Salaries, incentive compensation and benefits	131,864			263,071			486,090	743,235
General and administrative	16,126			23,448			10,797	76,913
Occupancy, equipment and communication	16,245			16,066			51,244	44,131
Depreciation and amortization	3,657			3,730			10,857	6,131
Reversal of provision for foreclosure losses	(3,449)			(2,325)			(1,974)	(306)
Income tax expense	0			0			0	0
Net income (loss)	98,313			110,586			478,020	367,699
All Other
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)	(1,529)			(1,585)			(4,700)	(4,574)
Other income, net	(7)			(34)			185	24
Net revenue	(1,536)			(1,619)			(4,515)	(4,550)
Expenses
Salaries, incentive compensation and benefits	5,508			7,823			16,803	26,946
General and administrative	3,286			1,359			9,356	6,595
Occupancy, equipment and communication	1,057			1,948			3,343	3,377
Depreciation and amortization	238			377			759	1,238
Reversal of provision for foreclosure losses	0			0			0	0
Income tax expense	9,321			25,364			99,615	83,355
Net income (loss)	(20,946)			(38,490)			(134,391)	(126,061)
Origination | Operating Segments
Revenue
Loan origination fees and gain on sale of loans, net	154,319			392,672			599,285	1,166,626
Loan servicing and other fees	0			0			0	0
Valuation adjustment of mortgage servicing rights	0			0			0	0
Interest income (expense)	4,388			4,746			17,183	11,247
Other income, net	(32)			(32)			(57)	0
Net revenue	158,675			397,386			616,411	1,177,873
Expenses
Salaries, incentive compensation and benefits	124,909			256,728			464,368	722,604
General and administrative	13,706			21,507			3,455	69,301
Occupancy, equipment and communication	15,043			15,107			47,645	41,038
Depreciation and amortization	3,498			3,564			10,374	5,553
Reversal of provision for foreclosure losses	0			0			0	0
Income tax expense	0			0			0	0
Net income (loss)	1,519			100,480			90,569	339,377
Servicing | Operating Segments
Revenue
Loan origination fees and gain on sale of loans, net	299			4,289			5,944	7,682
Loan servicing and other fees	57,647			50,248			165,419	143,099
Valuation adjustment of mortgage servicing rights	41,764			(35,535)			247,439	(84,581)
Interest income (expense)	3,392			(1,819)			(1,233)	(6,317)
Other income, net	979			7			1,054	47
Net revenue	104,081			17,190			418,623	59,930
Expenses
Salaries, incentive compensation and benefits	6,955			6,343			21,722	20,631
General and administrative	2,420			1,941			7,342	7,612
Occupancy, equipment and communication	1,202			959			3,599	3,093
Depreciation and amortization	159			166			483	578
Reversal of provision for foreclosure losses	(3,449)			(2,325)			(1,974)	(306)
Income tax expense	0			0			0	0
Net income (loss)	$ 96,794			$ 10,106			$ 387,451	$ 28,322