loanDepot (LDI) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	9 Months Ended
	Sep. 30, 2022	Nov. 09, 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	001-40003
Entity Registrant Name	loanDepot, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-3948939
Entity Address, Address Line One	26642 Towne Centre Drive,
Entity Address, City or Town	Foothill Ranch,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92610
City Area Code	(888)
Local Phone Number	337-6888
Title of 12(b) Security	Class A Common Stock, $0.001 per value per share
Trading Symbol	LDI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Fiscal Period Focus	Q3
Amendment Flag	false
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001831631
Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		72,066,120
Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0
Class C
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		145,335,993
Class D
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		97,026,671

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 1,143,948	$ 419,571
Restricted cash	160,926	201,025
Accounts receivable, net	108,253	56,183
Loans held for sale, at fair value (includes $481,950 and $2,557,490 pledged to creditors in securitization trusts at September 30, 2022 and December 31, 2021, respectively)	2,692,820	8,136,817
Derivative assets, at fair value	316,647	194,665
Servicing rights, at fair value (includes $527,059 and $400,678 pledged to creditors in securitization trusts at September 30, 2022 and December 31, 2021, respectively)	2,030,026	2,006,712
Trading securities, at fair value	97,210	72,874
Property and equipment, net	98,944	104,262
Operating lease right-of-use assets	39,480	55,646
Prepaid expenses and other assets	115,452	140,315
Loans eligible for repurchase	554,892	363,373
Investments in joint ventures	19,938	18,553
Goodwill and intangible assets, net	0	42,317
Total assets	7,378,536	11,812,313
Liabilities:
Warehouse and other lines of credit	2,529,436	7,457,199
Accounts payable, accrued expenses and other liabilities	716,048	624,444
Derivative liabilities, at fair value	149,837	37,797
Liability for loans eligible for repurchase	554,892	363,373
Operating lease liability	66,122	71,932
Debt obligations, net	2,283,704	1,628,208
Total liabilities	6,300,039	10,182,953
Commitments and contingencies (Note 15)
Equity:
Preferred stock, $0.001 par value, 50,000,000 authorized, none issued at September 30, 2022 and December 31, 2021, respectively	0	0
Treasury stock at cost, 1,744,319 and 1,593,366 shares at September 30, 2022 and December 31, 2021, respectively	(13,225)	(12,852)
Additional paid-in capital	778,099	565,073
Retained deficit	(265,567)	(28,976)
Noncontrolling interest	578,874	1,105,803
Total equity	1,078,497	1,629,360
Total liabilities and equity	7,378,536	11,812,313
Class A
Equity:
Common stock, $0.001 par value	70	38
Class B
Equity:
Common stock, $0.001 par value	0	0
Class C
Equity:
Common stock, $0.001 par value	149	173
Class D
Equity:
Common stock, $0.001 par value	$ 97	$ 101

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Loans held for sale, at fair value	$ 2,692,820	$ 8,136,817
Servicing rights, at fair value	$ 2,030,026	$ 2,006,712
Preferred stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock authorized (in shares)	50,000,000	50,000,000
Preferred stock issued (in shares)	0	0
Treasury stock (in shares)	1,744,319	1,593,366
Class A
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	2,500,000,000	2,500,000,000
Common stock issued (in shares)	69,720,386	38,060,302
Class B
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	2,500,000,000	2,500,000,000
Common stock issued (in shares)	0	0
Class C
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	2,500,000,000	2,500,000,000
Common stock issued (in shares)	149,130,538	172,729,168
Class D
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	2,500,000,000	2,500,000,000
Common stock issued (in shares)	97,026,671	100,822,084
Pledged as Collateral
Loans held for sale, at fair value	$ 481,950	$ 2,557,490
Servicing rights, at fair value	$ 527,059	$ 400,678

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
REVENUES:
Interest income	$ 51,202	$ 71,020	$ 166,888	$ 187,625
Interest expense	(41,408)	(56,785)	(121,220)	(165,130)
Net interest income	9,794	14,235	45,668	22,495
Gain on origination and sale of loans, net	156,300	821,275	665,993	2,647,328
Origination income, net	21,268	86,601	119,449	280,824
Servicing fee income	113,544	102,429	341,929	279,738
Change in fair value of servicing rights, net	(38,479)	(138,462)	(140,370)	(327,194)
Other income	11,765	37,678	53,472	116,487
Total net revenues	274,192	923,756	1,086,141	3,019,678
EXPENSES:
Personnel expense	218,819	449,152	861,382	1,523,012
Marketing and advertising expense	42,940	131,971	205,289	355,730
Direct origination expense	19,463	49,559	106,616	146,553
General and administrative expense	83,412	50,013	197,089	149,984
Occupancy expense	9,889	9,686	28,673	28,956
Depreciation and amortization	10,243	8,688	32,110	25,827
Servicing expense	14,221	22,879	46,472	76,731
Other interest expense	36,138	22,823	83,671	57,261
Goodwill impairment	0	0	40,736	0
Total expenses	435,125	744,771	1,602,038	2,364,054
(Loss) income before income taxes	(160,933)	178,985	(515,897)	655,624
Income tax (benefit) expense	(23,451)	24,708	(63,274)	47,210
Net (loss) income	(137,482)	154,277	(452,623)	608,414
Net (loss) income attributable to noncontrolling interests	(77,401)	102,802	(256,873)	503,503
Net (loss) income attributable to loanDepot, Inc.	$ (60,081)	$ 51,475	$ (195,750)	$ 104,911
(Loss) earnings per share:
Basic (in usd per share)	$ (0.37)	$ 0.40	$ (1.29)	$ 0.82
Diluted (in usd per share)	$ (0.37)	$ 0.40	$ (1.29)	$ 0.82
Weighted average shares outstanding:
Basic (in shares)	162,464,369	130,297,565	151,803,928	127,941,331
Diluted (in shares)	162,464,369	130,297,565	151,803,928	127,941,331

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Class C	Class A and D	Common stock Class A	Common stock Class C	Common stock Class D	Treasury Shares	Additional paid-in capital	Retained Deficit	Retained Deficit Class C	Retained Deficit Class A and D	Non-controlling Interests	Non-controlling Interests Class C	Non-controlling Interests Class A and D
Balance at beginning of period (in shares) at Dec. 31, 2020				0	0	0
Balance at beginning of period at Dec. 31, 2020	$ 1,656,613			$ 0	$ 0	$ 0	$ 0	$ 0	$ 0			$ 1,656,613
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	608,414
Balance at end of period (in shares) at Sep. 30, 2021				17,984,214	175,668,642	114,978,644
Balance at end of period at Sep. 30, 2021	1,658,164			$ 20	$ 176	$ 115	(12,844)	565,475	(17,819)			1,123,041
Balance at beginning of period (in shares) at Jun. 30, 2021				12,541,086	181,268,155	114,978,644
Balance at beginning of period at Jun. 30, 2021	1,568,834			$ 13	$ 181	$ 115	0	562,658	(44,821)			1,050,688
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Deferred taxes and other tax adjustments related to conversions and exchanges	1,717							1,717
Net issuance of common stock under stock-based compensation plans (in shares)				5,443,128	(5,599,513)	0
Net issuance of common shares under stock based compensation plans	(12,844)			$ 7	$ (5)	$ 0	(12,844)	(2)
Dividends		$ (15,043)	$ (10,763)							$ (6,526)	$ (4,668)		$ (8,517)	$ (6,095)
Stock-based compensation	2,597							1,102				1,495
Distributions for taxes on behalf of shareholders, net	(30,611)								(13,279)			(17,332)
Net loss	154,277								51,475			102,802
Balance at end of period (in shares) at Sep. 30, 2021				17,984,214	175,668,642	114,978,644
Balance at end of period at Sep. 30, 2021	1,658,164			$ 20	$ 176	$ 115	(12,844)	565,475	(17,819)			1,123,041
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared (in usd per share)			$ 0.08
Balance at beginning of period (in shares) at Dec. 31, 2021				36,466,936	172,729,168	100,822,084
Balance at beginning of period at Dec. 31, 2021	1,629,360			$ 38	$ 173	$ 101	(12,852)	565,073	(28,976)			1,105,803
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Deferred taxes and other tax adjustments related to conversions and exchanges	(19,835)							(19,835)
Net issuance of common stock under stock-based compensation plans (in shares)				31,509,131	(23,598,630)	(3,795,413)
Net issuance of common shares under stock based compensation plans	(373)			$ 32	$ (24)	$ (4)	(373)	227,013				(227,017)
Dividends		(13,670)	$ (11,824)							(6,199)	(5,343)		(7,471)	(6,481)
Stock-based compensation	11,794							5,848				5,946
Distributions for taxes on behalf of shareholders, net	(64,332)								(29,299)			(35,033)
Net loss	(452,623)								(195,750)			(256,873)
Balance at end of period (in shares) at Sep. 30, 2022				67,976,067	149,130,538	97,026,671
Balance at end of period at Sep. 30, 2022	1,078,497			$ 70	$ 149	$ 97	(13,225)	778,099	(265,567)			578,874
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared (in usd per share)			$ 0.08
Balance at beginning of period (in shares) at Jun. 30, 2022				63,593,048	152,191,394	97,026,671
Balance at beginning of period at Jun. 30, 2022	1,213,863			$ 65	$ 152	$ 97	(13,087)	762,635	(205,235)			669,236
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Deferred taxes and other tax adjustments related to conversions and exchanges	(2,092)							(2,092)
Net issuance of common stock under stock-based compensation plans (in shares)				4,383,019	(3,060,856)	0
Net issuance of common shares under stock based compensation plans	(137)			$ 5	$ (3)	$ 0	(138)	15,084				(15,085)
Dividends			$ (155)								$ (70)			$ (85)
Forfeiture of accrued distributions on unvested Class C shares		$ 333								$ 139			$ 194
Stock-based compensation	4,773							2,472				2,301
Distributions for taxes on behalf of shareholders, net	(606)								(320)			(286)
Net loss	(137,482)								(60,081)			(77,401)
Balance at end of period (in shares) at Sep. 30, 2022				67,976,067	149,130,538	97,026,671
Balance at end of period at Sep. 30, 2022	$ 1,078,497			$ 70	$ 149	$ 97	$ (13,225)	$ 778,099	$ (265,567)			$ 578,874

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended	9 Months Ended	20 Months Ended
	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2022
Class A and D
Dividends declared (in usd per share)	$ 0.08	$ 0.08	$ 0.77

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended		20 Months Ended
	Feb. 11, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ 294,598	$ (137,482)	$ 154,277	$ (452,623)	$ 608,414	$ 313,816
Adjustments to reconcile net (loss) income to net
Depreciation and amortization expense		10,243	8,688	32,110	25,827
Amortization of operating lease right-of-use asset				17,107	16,932
Amortization of debt issuance costs				12,842	9,382
Gain on origination and sale of loans				(946,506)	(2,856,544)
Gain on sale of servicing rights				(10,548)	(1,453)
Fair value change in trading securities				20,196	0
Provision for loss obligation on sold loans and servicing rights				125,047	12,400
(Decrease) increase in provision for deferred income taxes				(62,733)	37,269
Fair value change in derivative assets				32,223	312,586
Fair value change in derivative liabilities				112,040	(119,270)
Premium (paid) received on derivatives				(154,205)	4,376
Purchase of options contracts				0	(10,383)
Fair value change in loans held for sale		81,197	33,819	255,716	67,010
Fair value change in servicing rights				(180,136)	224,812
Stock-based compensation expense				11,794	64,349
Change in fair value of contingent consideration				0	(77)
Originations of loans				(46,842,973)	(107,717,154)
Proceeds from sales of loans				52,732,911	107,911,005
Proceeds from principal payments				119,708	119,822
Payments to investors for loan repurchases				(578,010)	(818,011)
Gain on extinguishment of debt				(10,528)	0
Goodwill impairment		0	0	40,736	0
Disbursements from joint ventures				8,435	8,765
Other changes in operating assets and liabilities				132,310	41,105
Net cash provided by (used in) operating activities				4,414,913	(2,058,838)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment				(37,613)	(43,830)
Proceeds from sale of servicing rights				689,937	332,931
Cash flows received on trading securities				5,894	617
Investments in joint ventures				(350)	(1,115)
Return of capital from joint ventures				0	189
Net cash flows provided by investing activities				657,868	288,792
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings on warehouse and other lines of credit				52,089,587	121,009,551
Repayment of borrowings on warehouse and other lines of credit				(57,017,350)	(119,374,838)
Proceeds from debt obligations				2,106,024	1,179,037
Payments on debt obligations				(1,442,931)	(477,541)
Payments of debt issuance costs				(4,555)	(15,839)
Payments for contingent consideration				0	(113)
Payments on financing lease obligation				0	(1,911)
Treasury stock purchased to net settle and withhold taxes on vested shares				(373)	(12,844)
Dividends and shareholder distributions				(118,905)	(419,732)
Net cash (used in) provided by financing activities				(4,388,503)	1,885,770
Net change in cash and cash equivalents and restricted cash				684,278	115,724
Cash and cash equivalents and restricted cash at beginning of the period	$ 488,689			620,596	488,689
Cash and cash equivalents and restricted cash at end of the period		$ 1,304,874	$ 604,413	1,304,874	604,413	$ 1,304,874
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest				178,135	180,143
Income taxes				23,857	1,923
Supplemental disclosure of noncash investing and financing activities
Operating leases right-of-use assets obtained in exchange for lease liabilities				14,677	8,501
Trading securities retained in securitizations				50,426	57,031
Purchase of equipment under financing leases				$ 0	$ 168

DESCRIPTION OF BUSINESS, PRESEN

DESCRIPTION OF BUSINESS, PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS, PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF BUSINESS, PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited consolidated financial statements were prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation were included. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. For further information, refer to the consolidated financial statements and footnotes thereto included in the Annual Report of loanDepot, Inc. on Form 10-K for the year ended December 31, 2021 (“2021 Form 10-K”). Nature of Operations loanDepot, Inc. was incorporated in Delaware on November 6, 2020 to facilitate the initial public offering (“IPO”) of its Class A common stock and related transactions in order to carry on the business of LD Holdings Group, LLC (“LD Holdings”) and its consolidated subsidiaries. loanDepot, Inc.’s common stock began trading on the New York Stock Exchange on February 11, 2021 under the ticker symbol “LDI.” loanDepot, Inc. is a holding company and its sole material asset is its equity interest in LD Holdings. As of September 30, 2022 the consolidated subsidiaries of LD Holdings included loanDepot.com, LLC, (“LDLLC”), Artemis Management, LLC (“ART”), LD Settlement Services, LLC (“LDSS”), mello Holdings, LLC (“Mello”), and mello Credit Strategies LLC (“MCS”). Unless otherwise noted or indicated by the context, the term, the “Company,” refers (1) prior to the consummation of the IPO to LD Holdings and its consolidated subsidiaries, and (2) after the IPO to loanDepot, Inc. and its consolidated subsidiaries, including LD Holdings. The Company engages in the originating, financing, selling, and servicing of residential mortgage loans, and engages in title, escrow, and settlement services for mortgage loan transactions. The Company derives income primarily from gains on the origination and sale of loans to investors, income from loan servicing, and fees charged for settlement services related to the origination and sale of loans. Summary of Significant Accounting Policies Our accounting policies are described below and in Note 1- Description of Business, Presentation and Summary of Significant Accounting Policies, of our audited consolidated financial statements included in our 2021 Form 10-K. Consolidation and Basis of Presentation The Company's consolidated financial statements are prepared in accordance with U.S. GAAP as codified in the Financial Accounting Standards Board's (“FASB”) Accounting Standards Codification (“ASC” or the “Codification”). ASC 250 requires that a change in the reporting entity or the consummation of a transaction accounted for in a manner similar to a pooling of interests, i.e., a reorganization of entities under common control, be retrospectively applied to the financial statements of all prior periods when the financial statements are issued for a period that includes the date the change in reporting entity or the transaction occurred. Prior to the IPO, the Company completed a reorganization where LLC units in LD Holdings held by certain members (“Continuing LLC Members) were exchanged on a one-for-one basis for Class A holding units (“Holdco Units”) and Class C common stock. LD Holdings continues to be a holding company and has no material assets other than its equity interests in its direct subsidiaries consisting of a 99.99% ownership in LDLLC (the majority asset of the group), and 100% equity ownership in ART, LDSS, Mello, and MCS. As a result of the IPO and reorganization, loanDepot, Inc. became a holding company, its sole material asset is its equity interest in LD Holdings and as the sole managing member of LD Holdings, loanDepot, Inc. indirectly operates and controls all of LD Holdings’ business and affairs. The IPO and reorganization were considered transactions between entities under common control. The financial results of LD Holdings and its subsidiaries are consolidated with loanDepot, Inc, and the consolidated net earnings or loss are allocated to the noncontrolling interest to reflect the entitlement of the Continuing LLC Members. The accompanying consolidated financial statements include all of the assets, liabilities, and results of operations of the Company and consolidated variable interest entities (“VIEs”) in which the Company is the primary beneficiary. VIEs are entities that have a total equity investment at risk that is insufficient to permit the entity to finance its activities without additional subordinated financial support, whose equity investors at risk lack the ability to control the entity's activities, or is structured with non-substantive voting rights. The Company evaluates its associations with VIEs, both at inception and when there is a change in circumstance that requires reconsideration, to determine if the Company is the primary beneficiary and consolidation is required. A primary beneficiary is defined as a variable interest holder that has a controlling financial interest. A controlling financial interest requires both: (a) the power to direct the activities that most significantly impact the VIEs’ economic performance, and (b) the obligation to absorb losses or receive benefits of a VIE that could potentially be significant to the VIE. The Company has not provided financial or other support during the periods presented to any VIE that it was not previously contractually required to provide. Other entities that the Company does not consolidate, but for which it has significant influence over operating and financial policies, are accounted for using the equity method. All intercompany accounts and transactions have been eliminated in consolidation. Certain items in prior periods were reclassified to conform to the current presentation. To conform to the current period presentation, servicing expense on the consolidated statements of operations includes subservicing expense and in-house servicing expense. The Company has evaluated subsequent events for recognition or disclosure through the date of this report and has not identified any recordable or disclosable events that were not already reported in these consolidated financial statements or notes thereto. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Management has made significant estimates in certain areas, including determining the fair value of loans held for sale, servicing rights, derivative assets and derivative liabilities, trading securities, awards granted under the incentive equity plan, determining the loan loss obligation on sold loans and MSRs, and goodwill impairment. Actual results could differ from those estimates. Concentration of Risk The Company has concentrated its credit risk for cash by maintaining deposits in several financial institutions, which may at times exceed amounts covered by insurance provided by the Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk related to cash. Due to the nature of the mortgage lending industry, changes in interest rates may significantly impact revenue from originating mortgages and subsequent sales of loans to investors, which are the primary source of income for the Company. The Company originates mortgage loans on property located throughout the United States, with loans originated for property located in California totaling approximately 22% of total loan originations for the nine months ended September 30, 2022. The Company sells mortgage loans to various third-party investors. Three investors accounted for 30%, 27%, and 21% of the Company’s loan sales for the nine months ended September 30, 2022. No other investors accounted for more than 5% of the loan sales for the nine months ended September 30, 2022.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE The Company's consolidated financial statements include assets and liabilities that are measured based on their estimated fair values. Refer to Note 1 - Description of Business, Presentation and Summary of Significant Accounting Policies in the 2021 Form 10-K for information on the fair value hierarchy, valuation methodologies, and key inputs used to measure financial assets and liabilities recorded at fair value, as well as methods and assumptions used to estimate fair value disclosures for financial instruments not recorded at fair value in their entirety on a recurring basis. The following tables present the carrying amount and estimated fair value of financial instruments included in the consolidated financial statements. September 30, 2022 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 1,143,948 $ 1,143,948 $ — $ — Restricted cash 160,926 160,926 — — Loans held for sale, at fair value 2,692,820 — 2,692,820 — Derivative assets, at fair value 316,647 — 295,737 20,910 Servicing rights, at fair value 2,030,026 — — 2,030,026 Trading securities, at fair value 97,210 — 97,210 — Loans eligible for repurchase 554,892 — 554,892 — Liabilities Warehouse and other lines of credit $ 2,529,436 $ — $ 2,529,436 $ — Derivative liabilities, at fair value 149,837 26,123 38,086 85,628 Servicing rights, at fair value 16,757 — — 16,757 Debt obligations: Secured credit facilities 1,092,977 — 1,094,433 — Term Notes 199,540 — 200,000 — Senior Notes 991,187 — 561,900 — Liability for loans eligible for repurchase 554,892 — 554,892 — December 31, 2021 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 419,571 $ 419,571 $ — $ — Restricted cash 201,025 201,025 — — Loans held for sale, at fair value 8,136,817 — 8,136,817 — Derivative assets, at fair value 194,665 4,924 5,358 184,383 Servicing rights, at fair value 2,006,712 — — 2,006,712 Trading securities, at fair value 72,874 — 72,874 — Loans eligible for repurchase 363,373 — 363,373 — Liabilities Warehouse and other lines of credit $ 7,457,199 $ — $ 7,457,199 $ — Derivative liabilities, at fair value 37,797 31,070 2,964 3,763 Servicing rights, at fair value 7,310 — — 7,310 Debt obligations: Secured credit facilities 343,759 — 345,596 — Term Notes 199,133 — 200,000 — Senior Notes 1,085,316 — 1,057,977 — Liability for loans eligible for repurchase 363,373 — 363,373 — Financial Statement Items Measured at Fair Value on a Recurring Basis The following tables presents the Company’s assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy as of the dates indicated. September 30, 2022 Recurring Fair Value Measurements of Assets and Liabilities Using: Quoted Market Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value Measurements Fair value through net income: Assets: Loans held for sale $ — $ 2,692,820 $ — $ 2,692,820 Trading securities — 97,210 — 97,210 Derivative assets: Interest rate lock commitments — — 20,910 20,910 Forward sale contracts — 295,737 — 295,737 Servicing rights — — 2,030,026 2,030,026 Total assets at fair value $ — $ 3,085,767 $ 2,050,936 $ 5,136,703 Liabilities: Derivative liabilities: Interest rate lock commitments $ — $ — $ 85,628 $ 85,628 Interest rate swap futures 19,480 — — 19,480 Forward sale contracts — 38,086 — 38,086 Put options on treasuries 6,643 — — 6,643 Servicing rights — — 16,757 16,757 Total liabilities at fair value $ 26,123 $ 38,086 $ 102,385 $ 166,594 December 31, 2021 Recurring Fair Value Measurements of Assets and Liabilities Using: Quoted Market Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value Measurements Fair value through net income: Assets: Loans held for sale $ — $ 8,136,817 $ — $ 8,136,817 Trading securities — 72,874 — 72,874 Derivative assets: Interest rate lock commitments — — 184,383 184,383 Forward sale contracts — 5,358 — 5,358 Interest rate swap futures 4,924 — — 4,924 Servicing rights — — 2,006,712 2,006,712 Total assets at fair value $ 4,924 $ 8,215,049 $ 2,191,095 $ 10,411,068 Liabilities: Derivative liabilities: Interest rate lock commitments $ — $ — $ 3,763 $ 3,763 Forward sale contracts — 2,964 — 2,964 Put options on treasuries 31,070 — — 31,070 Servicing rights — — 7,310 7,310 Total liabilities at fair value $ 31,070 $ 2,964 $ 11,073 $ 45,107 The following presents the changes in the Company’s assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 IRLCs, net Servicing IRLCs, net Servicing Balance at beginning of period $ 57,605 $ 2,204,593 $ 180,620 $ 1,999,402 Total net gains or losses included in earnings (realized and unrealized) 22,112 140,598 279,266 765,143 Sales and settlements Sales (331,922) (751,276) Settlements (1) (102,686) — (374,144) — Transfers of IRLCs to closed loans (41,749) — (150,460) — Balance at end of period $ (64,718) $ 2,013,269 $ (64,718) $ 2,013,269 (1) Funded amount for IRLCs. Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 IRLCs, net Servicing IRLCs, net Servicing Balance at beginning of period $ 333,081 $ 1,776,395 $ 647,045 $ 1,124,302 Total net gains or losses included in earnings (realized and unrealized) 640,372 233,166 1,749,343 1,079,525 Sales and settlements Sales — (172,867) — (367,133) Settlements (1) (558,918) — (1,585,368) — Transfers of IRLCs to closed loans (155,325) — (551,810) — Balance at end of period $ 259,210 $ 1,836,694 $ 259,210 $ 1,836,694 (1) Funded amount for IRLCs. The following presents the gains and losses included in earnings relating to the Company’s assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 IRLCs, net (1) Servicing Rights, net (2) IRLCs, net (1) Servicing Rights, net (3) Total net (losses) gains included in earnings $ (122,323) $ 140,598 $ (245,338) $ 765,143 Change in unrealized (losses) gains relating to assets and liabilities still held at period end $ (64,718) $ 150,534 $ (64,718) $ 683,413 (1) Gains (losses) included in gain on origination and sale of loans, net. (2) Includes $124.2 million in gains included in gain on origination and sale of loans, net and $16.4 million of gains included in change in fair value of servicing rights, net, for the three months ended September 30, 2022. (3) Includes $574.5 million in gains included in gain on origination and sale of loans, net and $190.7 million of gains included in change in fair value of servicing rights, net, for the nine months ended September 30, 2022. Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 IRLCs, net (1) Servicing Rights, net (2) Interest Rate Lock Commitments (1) Servicing Rights, net (3) Total net (losses) gains included in earnings $ (73,871) $ 233,166 $ (387,835) $ 1,079,525 Change in unrealized gains relating to assets and liabilities still held at period end $ 259,210 $ 326,527 $ 259,210 $ 1,126,433 (1) (Losses) gains included in gain on origination and sale of loans, net. (2) Includes $345.9 million in gains included in gain on origination and sale of loans, net and $112.7 million in losses included in change in fair value of servicing rights, net, for the three months ended September 30, 2021. (3) Includes $1.3 billion in gains included in gain on origination and sale of loans, net and $223.4 million of losses included in change in fair value of servicing rights, net, for the nine months ended September 30, 2021. The following table presents quantitative information about the valuation techniques and unobservable inputs applied to Level 3 fair value measurements for financial instruments measured at fair value on a recurring basis: September 30, 2022 December 31, 2021 Unobservable Input Range of inputs Weighted Average (2) Range of inputs Weighted Average (2) IRLCs: Pull-through rate 6.2% - 99.9% 80.2% 0.3% - 99.3% 74.2% Servicing rights Discount rate (1) 4.9% - 14.9% 6.3% 4.5% - 9.0% 5.8% Prepayment rate (1) 5.5% - 19.0% 7.0% 8.4% - 18.7% 10.2% Cost to service (per loan) $62 - $143 $86 $70 - $114 $82 (1) The Company estimates the fair value of MSRs using an option-adjusted spread (“OAS”) model, which projects MSR cash flows over multiple interest rate scenarios in conjunction with the Company’s prepayment model, and then discounts these cash flows at risk-adjusted rates. (2) Weighted average inputs are based on the committed amounts for IRLCs and the UPB of the underlying loans for servicing rights. Financial Statement Items Measured at Fair Value on a Nonrecurring Basis The Company did not have any material assets or liabilities that were recorded at fair value on a non-recurring basis as of September 30, 2022 or December 31, 2021. Financial Statement Items Measured at Amortized Cost Warehouse and other lines of credit - The Company’s warehouse and other lines of credit bear interest at a rate that is periodically adjusted based on a market index. The carrying value of warehouse and other lines of credit approximates fair value. Debt obligations, net - Debt consists of secured credit facilities, Term Notes, and Senior Notes. The Company’s secured credit facilities and Term Notes accrue interest at a stated base rate, plus a margin, they are highly liquid and short-term in nature and as a result, their carrying value approximated fair value as of September 30, 2022 and December 31, 2021. Fair value of the Company’s Senior Notes issued in October 2020 and March 2021 were estimated using the quoted market prices at September 30, 2022. The debt obligations are classified as Level 2 in the fair value hierarchy.

BALANCE SHEET NETTING

BALANCE SHEET NETTING	9 Months Ended
	Sep. 30, 2022
Offsetting [Abstract]
BALANCE SHEET NETTING	BALANCE SHEET NETTING The Company has entered into agreements with counterparties, which include netting arrangements whereby the counterparties are entitled to settle their positions on a net basis. In certain circumstances, the Company is required to provide certain counterparties financial instruments and cash collateral against derivative financial instruments, warehouse and other lines of credit, or debt obligations. Cash collateral is held in margin accounts and included in restricted cash on the Company's consolidated balance sheets. The table below represents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged. In circumstances where right of set off criteria is met, the related asset and liability are presented in a net position on the consolidated balance sheets. Warehouse and other lines of credit and secured debt obligations were secured by financial instruments with fair value that exceeded the liability amount recorded on the consolidated balance sheets as of September 30, 2022 and December 31, 2021, respectively. September 30, 2022 Gross amounts recognized Gross amounts offset in consolidated balance sheet Net amounts presented in consolidated balance sheet Gross amounts not offset in consolidated balance sheet Net amount Financial instruments Cash collateral Assets: Forward sale contracts $ 495,444 $ 199,707 $ 295,737 $ — $ (193,934) $ 101,803 Total Assets $ 495,444 $ 199,707 $ 295,737 $ — $ (193,934) $ 101,803 Liabilities: Forward sale contracts $ 237,793 $ 199,707 $ 38,086 $ — $ (1,054) $ 37,032 Put options on treasuries 6,643 — 6,643 — (6,643) — Interest rate swap futures 19,480 — 19,480 — (19,480) — Warehouse and other lines of credit 2,529,436 — 2,529,436 (2,529,436) — — Secured debt obligations (1) 1,294,433 — 1,294,433 (1,294,433) — — Total Liabilities $ 4,087,785 $ 199,707 $ 3,888,078 $ (3,823,869) $ (27,177) $ 37,032 (1) Secured debt obligations as of September 30, 2022 included secured credit facilities and Term Notes. December 31, 2021 Gross amounts recognized Gross amounts offset in consolidated balance sheets Net amounts presented in consolidated balance sheets Gross amounts not offset in consolidated balance sheets Net amount Financial instruments Cash collateral Assets: Forward sale contracts $ 29,497 $ (24,139) $ 5,358 $ — $ (1,447) $ 3,911 Interest rate swap futures 4,924 — 4,924 — — 4,924 Total Assets $ 34,421 $ (24,139) $ 10,282 $ — $ (1,447) $ 8,835 Liabilities: Forward sale contracts $ 27,103 $ (24,139) $ 2,964 $ — $ (1,736) $ 1,228 Put options on treasuries 31,070 — 31,070 — — 31,070 Warehouse and other lines of credit 7,457,199 — 7,457,199 (7,457,199) — — Secured debt obligations (1) 545,596 — 545,596 (545,596) — — Total Liabilities $ 8,060,968 $ (24,139) $ 8,036,829 $ (8,002,795) $ (1,736) $ 32,298

LOANS HELD FOR SALE, AT FAIR VA

LOANS HELD FOR SALE, AT FAIR VALUE	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
LOANS HELD FOR SALE, AT FAIR VALUE	LOANS HELD FOR SALE, AT FAIR VALUE The following table represents the unpaid principal balance of LHFS by product type of loan as of September 30, 2022 and December 31, 2021: September 30, December 31, Amount % Amount % Conforming - fixed $ 1,696,438 60 % $ 4,881,222 61 % Conforming - ARM 33,501 1 351,408 4 Government - fixed 895,256 32 1,156,890 15 Government - ARM 2,509 — 10,906 — Other - residential mortgage loans 187,200 7 1,576,858 20 Consumer loans 1,797 — 1,942 — 2,816,701 100 % 7,979,226 100 % Fair value adjustment (123,881) 157,591 Total $ 2,692,820 $ 8,136,817 A summary of the changes in the balance of loans held for sale is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Balance at beginning of period $ 4,656,338 $ 9,120,653 $ 8,136,817 $ 6,955,424 Origination and purchase of loans 9,700,119 31,902,260 46,842,973 107,717,154 Sales (11,728,053) (32,200,708) (52,409,647) (106,414,376) Repurchases 164,435 138,666 498,101 802,366 Principal payments (18,822) (53,316) (119,708) (119,822) Fair value loss (81,197) (33,819) (255,716) (67,010) Balance at end of period $ 2,692,820 $ 8,873,736 $ 2,692,820 $ 8,873,736 Gain on origination and sale of loans, net is comprised of the following components: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (Discount) premium from loan sales $ (83,312) $ 674,782 $ (756,602) $ 1,552,668 Servicing rights additions 124,244 345,882 574,459 1,302,884 Unrealized gains (losses) from derivative assets and liabilities 113,913 42,984 82,110 (139,483) Realized gains (losses) from derivative assets and liabilities 37,950 (156,514) 940,824 194,035 Discount points, rebates and lender paid costs 57,634 (49,585) 189,468 (193,043) Fair value loss (81,197) (33,818) (255,716) (67,010) Provision for loan loss obligation for loans sold (12,932) (2,456) (108,550) (2,723) Total gain on origination and sale of loans, net $ 156,300 $ 821,275 $ 665,993 $ 2,647,328 The Company had $19.6 million and $28.8 million of loans held for sale on non-accrual status as of September 30, 2022 and December 31, 2021, respectively.

SERVICING RIGHTS, AT FAIR VALUE

SERVICING RIGHTS, AT FAIR VALUE	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
SERVICING RIGHTS, AT FAIR VALUE	SERVICING RIGHTS, AT FAIR VALUE The outstanding principal balance of the servicing portfolio was comprised of the following: September 30, December 31, Conventional $ 103,719,089 $ 127,270,097 Government 35,990,544 34,842,868 Total servicing portfolio $ 139,709,633 $ 162,112,965 A summary of the unpaid principal balance underlying servicing rights is as follows: September 30, December 31, Current loans $ 137,990,039 $ 160,302,966 Loans 30 - 89 days delinquent 572,209 504,467 Loans 90 or more days delinquent or in foreclosure 1,147,385 1,305,532 Total servicing portfolio (1) $ 139,709,633 $ 162,112,965 (1) At September 30, 2022 and December 31, 2021 0.2% and 0.6%, respectively, of the servicing portfolio was in forbearance as a result of payment relief efforts afforded to borrowers as a result of the Coronavirus Aid, Relief, and Economic Security Act and other regulatory guidance. A summary of the changes in the balance of servicing rights, net of servicing rights liability is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Balance at beginning of period $ 2,204,593 $ 1,776,395 $ 1,999,402 $ 1,124,302 Additions 124,244 345,882 574,459 1,302,884 Sales proceeds, net (341,415) (182,892) (740,728) (365,680) Changes in fair value: Due to changes in valuation inputs or assumptions 75,366 (3,461) 373,158 98,295 Due to collection/realization of cash flows (49,519) (99,230) (193,022) (323,107) Balance at end of period $ 2,013,269 $ 1,836,694 $ 2,013,269 $ 1,836,694 The following is a summary of the components of loan servicing fee income as reported in the Company’s consolidated statements of operations: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Contractual servicing fees $ 104,917 $ 99,640 $ 327,567 $ 271,374 Late, ancillary and other fees 8,627 2,789 14,362 8,364 Servicing fee income $ 113,544 $ 102,429 $ 341,929 $ 279,738 The following is a summary of the components of change in fair value of servicing rights, net as reported in the Company’s consolidated statements of operations: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Changes in fair value: Due to changes in valuation inputs or assumptions $ 75,366 $ (3,461) $ 373,158 $ 98,295 Due to collection/realization of cash flows (49,519) (99,230) (193,022) (323,107) Realized losses on sales of servicing rights (13,489) (14,218) (5,949) (8,224) Net loss from derivatives hedging servicing rights (50,837) (21,553) (314,557) (94,158) Changes in fair value of servicing rights, net $ (38,479) $ (138,462) $ (140,370) $ (327,194) The table below illustrates hypothetical changes in fair values of servicing rights, caused by assumed immediate changes to key assumptions that are used to determine fair value. September 30, December 31, Fair Value of Servicing Rights, net $ 2,013,269 $ 1,999,402 Change in Fair Value from adverse changes: Discount Rate: Increase 1% (81,235) (85,066) Increase 2% (156,903) (163,255) Cost of Servicing: Increase 10% (18,990) (20,843) Increase 20% (38,066) (41,727) Prepayment Speed: Increase 10% (17,625) (76,532) Increase 20% (35,139) (148,556) Sensitivities are hypothetical changes in fair value and cannot be extrapolated because the relationship of changes in assumptions to changes in fair value may not be linear. Also, the effect of a variation in a particular assumption is calculated without changing any other assumption, whereas a change in one factor may result in changes to another. Accordingly, no assurance can be given that actual results would be consistent with the results of these estimates. As a result, actual future changes in servicing rights values may differ significantly from those displayed above.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIESDerivatives instruments utilized by the Company primarily include interest rate lock commitments, forward sale contracts, MBS put options, put options on treasuries, and interest rate swap futures. Derivative financial instruments are recognized as assets or liabilities and are measured at fair value. The Company accounts for derivatives as free-standing derivatives and does not designate any derivative financial instruments for hedge accounting. All derivative financial instruments are recognized on the consolidated balance sheets at fair value with changes in the fair values being reported in current period earnings. The Company does not use derivative financial instruments for purposes other than in support of its risk management activities. Refer to Note 1- Description of Business, Presentation and Summary of Significant Accounting Policies and Note 3- Fair Value for further details on derivatives in the 2021 Form 10-K. The following summarizes the Company’s outstanding derivative instruments: Fair Value Notional Balance Sheet Location Asset Liability September 30, 2022: Interest rate lock commitments $ 1,645,122 Derivative asset, at fair value $ 20,910 Interest rate lock commitments 3,171,270 Derivative liabilities, at fair value — 85,628 Forward sale contracts 20,523,121 Derivative asset, at fair value 295,737 — Forward sale contracts 896,425 Derivative liabilities, at fair value — 38,086 Put options on treasuries — Derivative asset, at fair value — — Put options on treasuries 1,725 Derivative liabilities, at fair value — 6,643 Interest rate swap futures — Derivative asset, at fair value — — Interest rate swap futures 650 Derivative liabilities, at fair value — 19,480 Total derivative financial instruments $ 316,647 $ 149,837 Fair Value Notional Balance Sheet Location Asset Liability December 31, 2021: Interest rate lock commitments $ 11,530,721 Derivative asset, at fair value $ 184,383 $ — Interest rate lock commitments 1,125,911 Derivative liabilities, at fair value — 3,763 Forward sale contracts 19,482,705 Derivative asset, at fair value 5,358 — Forward sale contracts 13,171,462 Derivative liabilities, at fair value — 2,964 Put options on treasuries — Derivative asset, at fair value — — Put options on treasuries 16,980 Derivative liabilities, at fair value — 31,070 Interest rate swap futures 2,640 Derivative asset, at fair value 4,924 — Interest rate swap futures — Derivative liabilities, at fair value — — Total derivative financial instruments $ 194,665 $ 37,797 Because many of the Company’s current derivative agreements are not exchange-traded, the Company is exposed to credit loss in the event of nonperformance by the counterparty to the agreements. The Company controls this risk through credit monitoring procedures including financial analysis, dollar limits and other monitoring procedures. The notional amount of the contracts does not represent the Company’s exposure to credit loss. The following summarizes the realized and unrealized net gains or losses on derivative financial instruments and the consolidated statements of operations line items where such gains and losses are included: Three Months Ended Nine Months Ended Derivative instrument Statements of Operations Location 2022 2021 2022 2021 Interest rate lock commitments, net Gain on origination and sale of loans, net $ (122,323) $ (73,871) $ (245,338) $ (387,835) Forward sale contracts Gain on origination and sale of loans, net 259,360 (29,867) 1,221,817 477,215 Interest rate swap futures Gain on origination and sale of loans, net 2,279 (29,683) (82,251) (81,891) Put options Gain on origination and sale of loans, net 12,547 19,891 128,706 47,063 Forward sale contracts Change in fair value of servicing rights, net (16,293) (5,838) (113,920) (84,842) Interest rate swap futures Change in fair value of servicing rights, net (31,598) (14,033) (197,177) (6,855) Put options Change in fair value of servicing rights, net (2,946) (1,682) (3,460) (2,461) Total realized and unrealized gains (losses) on derivative financial instruments $ 101,026 $ (135,083) $ 708,377 $ (39,606)

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS, NET	GOODWILL AND OTHER INTANGIBLE ASSETS, NET A summary of the Company’s activity related to goodwill is as follows. Goodwill Other intangible assets Total Balance, December 31, 2021 $ 40,736 $ 1,581 $ 42,317 Amortization — (205) (205) Impairment loss (40,736) (1,376) (42,112) Balance, September 30, 2022 $ — $ — $ — Goodwill Other intangible assets Total Balance, December 31, 2020 $ 40,736 $ 2,090 $ 42,826 Amortization — (255) (255) Balance September 30, 2021 $ 40,736 $ 1,835 $ 42,571 The Company performs its annual assessment of possible impairment of goodwill and intangible assets as of December 31, or more frequently if events and circumstances indicate that impairment may have occurred. The Company compares the fair value of each reporting unit with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. During the second quarter of 2022, the Company performed an interim impairment test due to the impact of rising interest rates on the mortgage industry and the Company’s recent stock performance. The evaluation of goodwill included a market based and income based approach. Based upon the results of this evaluation, an impairment charge of $40.7 million was recognized, driven predominantly by a significant decline in our market capitalization. In addition to goodwill, the Company had other intangible assets related to trademarks associated with prior acquisitions. The Company reviews intangible assets for possible impairment whenever events or circumstances indicate that

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES The determination of whether the assets and liabilities of the VIEs are consolidated or not consolidated in the consolidated balance sheets depends on the terms of the related transaction and the Company’s continuing involvement, if any, with the VIE. The Company is deemed the primary beneficiary and therefore consolidates VIEs for which it has both (a) the power, through voting rights or similar rights, to direct the activities that most significantly impact the VIE's economic performance, and (b) benefits, as defined, from the VIE. The Company determines whether it holds a significant variable interest in a VIE based on a consideration of both qualitative and quantitative factors regarding the nature, size, and form of its involvement with the VIE. The Company assesses whether it is the primary beneficiary of a VIE on an ongoing basis. The Company did not provide any non-contractual financial support to VIEs for the nine months ended September 30, 2022 and year ended December 31, 2021. Consolidated VIEs The Company is a holding company, its sole material asset is its equity interest in LD Holdings and as the sole managing member of LD Holdings, the Company indirectly operates and controls all of LD Holdings’ business and affairs. LD Holdings is considered a VIE and the financial results of LD Holdings and its subsidiaries are consolidated. A portion of net earnings or loss is allocated to noncontrolling interest to reflect the entitlement of the Continuing LLC Members. The Company is involved in several types of securitization and financing transactions that utilize special purpose entities (“SPEs”). The Company’s principal use of SPEs is to obtain liquidity by securitizing certain of its financial and non-financial assets. SPEs involved in the Company’s securitization and other financing transactions are often considered VIEs. The Company consolidates securitization facilities that finance mortgage loans held for sale, and SPEs established as trusts to finance mortgage servicing rights and servicing advance receivables. The Company sells assets to a securitization or trust, which issue beneficial interests that are collateralized by the transferred assets and entitle the investors to specified cash flows generated therefrom. The Company may retain beneficial interests in the assets sold. The Company also holds certain conditional repurchase options specific to these securitizations that allow it to repurchase assets from the securitization entity. The Company’s economic exposure to loss from outstanding third-party financing is generally limited to the carrying value of the assets financed. The Company has retained risks in the securitizations including customary representations and warranties. For securitization facilities, the Company, as seller, has an option to prepay and redeem outstanding classes of issued notes after a set time period has elapsed. The Company’s exposure to these entities is primarily through its role as seller, servicer, and administrator. Servicing functions include, but are not limited to, general collection activity, preparing and furnishing statements, and loss mitigation efforts including repossession and sale of collateral. The Company sells mortgage loans to investors through private label securitizations which are accounted for either as sales or secured borrowings. The Company may retain economic interests in the securitized and sold assets, which are generally retained in the form of senior or subordinated interests, residual interests, and/or servicing rights. The Company evaluates its interests in each private label securitization for classification as a VIE. The Company accounts for a securitization as a sale when it has relinquished control over the transferred financial assets and does not hold other interests in the VIE that individually, or in the aggregate, would absorb more than an insignificant amount of the VIE’s expected losses or receive more than an insignificant amount of the VIE’s expected residual returns. The Company has an option to exercise a cleanup call to purchase the remaining mortgage loans and any trust property when the remaining aggregate principal balance is less than 10% of the initial aggregate principal balance. The table below presents a summary of the carrying value and balance sheet classification of assets and liabilities in the Company’s securitization and SPE VIEs September 30, December 31, Assets Loans held for sale, at fair value $ 481,950 $ 2,557,490 Restricted cash 21,634 100,494 Servicing rights, at fair value 527,059 400,678 Prepaid expenses and other assets 34,711 17,756 $ 1,065,354 $ 3,076,418 Liabilities Warehouse and other lines of credit $ 500,000 $ 2,600,000 Debt obligations, net: MSR Facilities 116,874 15,000 Servicing advance facilities 30,677 15,070 Term notes 199,540 199,133 $ 847,091 $ 2,829,203 Non-Consolidated VIEs The nature, purpose, and activities of non-consolidated VIEs currently encompass the Company’s investments in retained interests from securitizations and joint ventures. The table below presents a summary of the nonconsolidated VIEs for which the Company holds variable interests. September 30, 2022 Carrying value Maximum Total assets in VIEs Assets Liabilities Retained interests $ 97,210 $ — $ 97,210 $ 2,340,730 Investments in joint ventures 19,938 — 19,938 17,605 $ 117,148 $ — $ 117,148 December 31, 2021 Carrying value Maximum Total assets in VIEs Assets Liabilities Retained interests $ 72,874 $ — $ 72,874 $ 1,424,857 Investments in joint ventures 18,553 — 18,553 20,783 $ 91,427 $ — $ 91,427 Retained interests In 2022 and 2021, the Company completed the sale and securitization of non-owner occupied residential mortgage loans. Pursuant to the credit risk retention requirements, the Company, as sponsor, is required to retain at least a 5% economic interest in the credit risk of the assets collateralizing the securitization transactions. The retained interests represent a variable interest in the securitizations. The Company determined it was not the primary beneficiary of the VIE. The Company’s continuing involvement is limited to customary servicing obligations as servicing administrator associated with retained servicing rights and the receipt of principal and interest associated with the retained interests. The investors and the securitization trusts have no recourse to the Company’s assets; holders of the securities issued by each trust can look only to the loans owned by the trust for payment. The retained interests held by the Company are subject principally to the credit risk stemming from the underlying transferred loans. The securitization trusts used to effect these transactions are variable interest entities that the Company does not consolidate. The Company remeasures the carrying value of its retained interests at each reporting date to reflect their current fair value which is included in trading securities, at fair value on the consolidated balance sheets, with corresponding gains or losses included in other income on the consolidated income statements. As of September 30, 2022, the remaining principal balance of loans transferred to these securitization trusts was $2.3 billion of which $1.6 million was 90 days or more past due. Investments in joint ventures

WAREHOUSE AND OTHER LINES OF CR

WAREHOUSE AND OTHER LINES OF CREDIT	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
WAREHOUSE AND OTHER LINES OF CREDIT	WAREHOUSE AND OTHER LINES OF CREDIT At September 30, 2022, the Company was a party to 10 revolving lines of credit with lenders providing $5.7 billion of warehouse and securitization facilities. The facilities are used to fund, and are secured by, residential mortgage loans held for sale. The facilities are repaid using proceeds from the sale of loans. Interest is generally payable monthly in arrears or on the repurchase date of a loan, and outstanding principal is payable upon receipt of loan sale proceeds or on the repurchase date of a loan. Outstanding principal related to a particular loan must also be repaid after the expiration of a contractual period of time or, if applicable, upon the occurrence of certain events of default with respect to the underlying loan. Interest expense is recorded to interest expense on the consolidated statements of operations. The base interest rates on the facilities bear interest at 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin. Some of the facilities carry additional fees charged on the total line amount, commitment fees charged on the committed portion of the line, and non-usage fees charged when monthly usage falls below a certain utilization percentage. As of September 30, 2022, the interest rate was comprised of the applicable base rate plus a spread ranging from 1.37% to 2.25%. The base interest rate for warehouse facilities is subject to increase based upon the characteristics of the underlying loans collateralizing the lines of credit, including, but not limited to product type and number of days held for sale. The warehouse lines are scheduled to expire through 2023 under one Certain warehouse line lenders require the Company to maintain cash accounts with minimum required balances at all times. As of September 30, 2022 and December 31, 2021, there was $5.5 million and $8.0 million, respectively, held in these accounts which are recorded as a component of restricted cash on the consolidated balance sheets. Under the terms of these warehouse lines, the Company is required to maintain various financial and other covenants. As of September 30, 2022, the Company amended certain warehouse lines related to certain profitability covenants, following which the Company was in compliance with those financial covenants. Securitization Facilities In October 2020, the Company issued notes and a class of owner trust certificates through a securitization facility (“2020-1 Securitization Facility”) backed by a revolving warehouse line of credit. The 2020-1 Securitization Facility was secured by newly originated, first-lien, residential mortgage loans eligible for purchase by Fannie Mae and Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2020-1 Securitization Facility issued $600.0 million in notes and certificates that accrued interest at 30-day LIBOR plus a margin. In March 2022, the Company exercised its right to optional prepayment in full and terminated the 2020-1 Securitization Facility. In December 2020, the Company issued notes and a class of owner trust certificates through an additional securitization facility (“2020-2 Securitization Facility”) backed by a revolving warehouse line of credit. The 2020-2 Securitization Facility was secured by newly originated, first-lien, fixed rate residential mortgage loans eligible for purchase by the GSEs or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2020-2 Securitization Facility issued $500.0 million in notes and certificates that accrued interest at 30-day LIBOR plus a margin. In August 2022, the Company exercised its right to optional prepayment in full and terminated the 2020-2 Securitization Facility. In February 2021, the Company issued notes and a class of owner trust certificates through an additional securitization facility (“2021-1 Securitization Facility”) backed by a revolving warehouse line of credit. The 2021-1 Securitization Facility was secured by newly originated, first-lien, fixed-rate or adjustable-rate, residential mortgage loans originated in accordance with the criteria of Fannie Mae and Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2021-1 Securitization Facility issued $500.0 million in notes that accrued interest at 30-day LIBOR plus a margin. In September 2022, the Company exercised its right to optional prepayment in full and terminated the 2021-1 Securitization Facility. In April 2021, the Company issued notes and a class of owner trust certificates through an additional securitization facility (“2021-2 Securitization Facility”) backed by a revolving warehouse line of credit. The 2021-2 Securitization Facility was secured by newly originated, first-lien, fixed-rate or adjustable-rate, residential mortgage loans originated in accordance with the criteria of Fannie Mae and Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2021-2 Securitization Facility issued $500.0 million in notes that accrued interest at 30-day LIBOR, plus a margin. In September 2022, the Company exercised its right to optional prepayment in full and terminated the 2021-2 Securitization Facility. In October 2021, the Company issued notes and a class of owner trust certificates through an additional securitization facility (“2021-3 Securitization Facility”) backed by a revolving warehouse line of credit. The 2021-3 Securitization Facility is secured by newly originated, first-lien, fixed-rate or adjustable-rate, residential mortgage loans originated in accordance with the criteria of Fannie Mae and Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2021-3 Securitization Facility issued $500.0 million in notes that bear interest at 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin. The 2021-3 Securitization Facility will terminate on the earlier of (i) the three The following table presents information on warehouse and securitization facilities and the outstanding balance as of September 30, 2022 and December 31, 2021: Outstanding Balance Committed Uncommitted Total Expiration September 30, December 31, Facility 1 (1) $ 400,000 $ 1,100,000 $ 1,500,000 10/29/2022 $ 441,230 $ 851,088 Facility 2 (2) — 300,000 300,000 9/25/2023 172,313 295,743 Facility 3 — 300,000 300,000 4/18/2023 290,197 459,018 Facility 4 — 450,000 450,000 11/14/2022 226,888 266,230 Facility 5 (2) — 200,000 200,000 N/A 92 391 Facility 6 (2) 100,000 500,000 600,000 9/29/2023 310,042 583,449 Facility 7 (3) 400,000 400,000 800,000 5/5/2023 382,952 1,410,367 Facility 8 — 750,000 750,000 N/A 25,113 361,783 Facility 9 (4)(5) — — — 10/25/2022 — 600,000 Facility 10 (4)(7) — — — 12/17/2023 — 500,000 Facility 11 (2)(6) — — — 9/23/2022 — 263,516 Facility 12 (4)(8) — — — 2/2/2024 — 500,000 Facility 13 (4)(8) — — — 4/23/2024 — 500,000 Facility 14 — 300,000 300,000 9/21/2023 180,609 365,614 Facility 15 (4) 500,000 — 500,000 10/21/2024 500,000 500,000 Total $ 1,400,000 $ 4,300,000 $ 5,700,000 $ 2,529,436 $ 7,457,199 (1) The total facility is available both to fund loan originations and also provide liquidity under a gestation facility to finance recently sold MBS up to the MBS settlement date. In October 2022, this facility was extended to October 2023. (2) In addition to the warehouse line, the lender provides a separate gestation facility to finance recently sold MBS up to the MBS settlement date. (3) In addition to the outstanding balance secured by mortgage loans, the Company has $116.9 million outstanding to finance servicing rights included within debt obligations in the consolidated balance sheets. (4) Securitization backed by a revolving warehouse facility to finance newly originated first-lien fixed and adjustable rate mortgage loans. (5) This facility was prepaid and terminated in March 2022. (6) This facility was prepaid and terminated in July 2022. (7) This facility was prepaid and terminated in August 2022. (8) This facility was prepaid and terminated in September 2022. The following table presents information on borrowings under warehouse and securitization facilities: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Maximum outstanding balance during the period $ 4,354,864 $ 9,078,257 $ 7,672,559 $ 9,180,276 Average balance outstanding during the period 3,417,252 8,515,189 4,868,397 8,066,303 Collateral pledged (loans held for sale) 2,566,330 8,675,750 2,566,330 8,675,750 Weighted average interest rate during the period 4.18 % 2.22 % 2.89 % 2.25 % The following table presents the outstanding debt as of September 30, 2022 and December 31, 2021: September 30, December 31, Secured debt obligations, net: Secured credit facilities MSR facilities $ 969,048 $ 262,250 Securities financing facilities 93,252 66,439 Servicing advance facilities 30,677 15,070 Total secured credit facilities 1,092,977 343,759 Term Notes 199,540 199,133 Total secured debt obligations, net 1,292,517 542,892 Unsecured debt obligations, net: Senior Notes 991,187 1,085,316 Total debt obligations, net $ 2,283,704 $ 1,628,208 Certain of the Company’s secured debt obligations require us to satisfy financial covenants including minimum levels of profitability, tangible net worth, liquidity, and maximum levels of consolidated leverage. The Company obtained amendments relating to certain profitability covenants. As a result, the Company was in compliance with all such financial covenants as of September 30, 2022. Secured Credit Facilities Secured credit facilities are revolving facilities collateralized by MSRs, trading securities, and servicing advances. MSR Facilities In October 2014, the Company entered into a $25.0 million credit facility to finance servicing rights and for other working capital needs and general corporate purposes. The Company has entered into subsequent amendments to increase and decrease the size of the facility and extend the maturity date. The facility is secured by Freddie Mac mortgage servicing rights with a fair value of $289.6 million as of September 30, 2022 and accrues interest at a base rate per annum of 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin. As of September 30, 2022, there was $205.5 million outstanding on this facility with a maturity of June 2023. At September 30, 2022, capacity under the facility was $268.0 million. Advances for servicing rights are determined using a borrowing base formula calculated against the fair market value of the pledged servicing rights. In December 2021, the Company entered into a credit facility agreement which provides $300.0 million in borrowing capacity, with an option to increase up to $500.0 million upon mutual consent, available to the Company. The facility is secured by Freddie Mac mortgage servicing rights with a fair value of $526.6 million as of September 30, 2022, and bears interest at 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin per annum. At September 30, 2022, there was $300.0 million outstanding on this facility and $0.2 million in unamortized deferred financing costs. In January 2022, the Company entered into a credit facility agreement which provides $500.0 million in borrowing capacity. The facility is secured by Fannie Mae mortgage servicing rights with a fair value of $621.4 million as of September 30, 2022 and bears interest at SOFR plus a margin per annum. At September 30, 2022, there was $348.0 million outstanding on this facility and $1.1 million in unamortized deferred financing costs. In August 2017, the Company established the GMSR Trust to finance Ginnie Mae mortgage servicing rights owned by the Company through issuance of either variable funding notes or term notes, in each case secured by participation certificates held by the GMSR Trust. As of September 30, 2022, the Company had pledged participation certificates representing beneficial interests in Ginnie Mae mortgage servicing rights to the GMSR Trust with a fair value of $527.1 million. At September 30, 2022 the maximum borrowing capacity of the variable funding notes was $200.0 million. The variable funding notes bear interest at SOFR plus a margin per annum and mature in May 2023. As of September 30, 2022, there were $116.9 million in variable funding notes outstanding to finance Ginnie Mae mortgage servicing rights owned by the Company. Securities Financing Facilities The Company has entered into master repurchase agreements to finance retained interest securities related to its securitizations. The securities financing facilities have an advance rate between 60% and 90% based on classes of the securities and accrue interest at a rate of 90-day SOFR, plus a margin. The securities financing facilities are secured by the trading securities which represent our retained interests in the credit risk of the assets collateralizing certain securitization transactions. As of September 30, 2022, the trading securities had a fair value of $97.2 million on the consolidated balance sheets and there were $93.3 million in securities financing facilities outstanding. Servicing Advance Facilities In September 2020, the Company, through its indirect-wholly owned subsidiary loanDepot Agency Advance Receivables Trust (the “Advance Receivables Trust”), entered into a variable funding note facility for the financing of servicing advance receivables with respect to residential mortgage loans serviced by it on behalf of Fannie Mae and Freddie Mac. Pursuant to an indenture, the Advance Receivables Trust can issue up to $100.0 million in variable funding notes (the “2020-VF1 Notes”). The 2020-VF1 Notes accrue interest at SOFR, plus a margin per annum and mature in September 2023 (unless earlier redeemed in accordance with their terms). At September 30, 2022, there was $15.7 million in 2020-VF1 Notes outstanding. In November 2021, the Company, through the GMSR Trust issued variable funding notes secured by principal and interest advance receivables and servicing advance receivables with respect to residential mortgage loans serviced on behalf of Ginnie Mae. The variable funding notes bear interest at SOFR plus a margin per annum and mature in May 2023. As of September 30, 2022, there was $15.1 million outstanding on the variable funding notes and $0.2 million in unamortized deferred financing costs. Term Notes In October 2018, the Company, through the GMSR Trust issued the Series 2018-GT1 Term Notes (“Term Notes”). The Term Notes accrue interest at 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin per annum and mature in October 2023 or, if extended pursuant to the terms of the related indenture supplement, October 2025 (unless earlier redeemed in accordance with their terms). At September 30, 2022, there was $200.0 million in Term Notes outstanding and $0.5 million in unamortized deferred financing costs. Senior Notes In October 2020, the Company issued $500.0 million in aggregate principal amount of 6.50% senior unsecured notes due 2025, (the “2025 Senior Notes”). The 2025 Senior Notes will mature on November 1, 2025. Interest on the 2025 Senior Notes accrues at a rate of 6.50% per annum, payable semi-annually in arrears on May 1 and November 1 of each year. The Company may redeem the 2025 Senior Notes, in whole or in part, at various redemption prices. At September 30, 2022, there was $500.0 million in 2025 Senior Notes outstanding and $5.5 million in unamortized deferred financing costs. In March 2021, the Company issued $600.0 million in aggregate principal amount of 6.125% senior unsecured notes due 2028 (the “2028 Senior Notes” and together with the 2025 Senior Notes, the "Senior Notes"). The 2028 Senior Notes will mature on April 1, 2028. Interest on the 2028 Senior Notes accrues at a rate of 6.125% per annum, payable semi-annually in arrears on April 1 and October 1 of each year. At any time prior to April 1, 2024, the Company may redeem some or all of the 2028 Senior Notes at a price equal to 100% of the principal amount of the 2028 Senior Notes, plus accrued and unpaid interest, if any, to, but not including, the date of redemption plus a make-whole premium. During the first quarter of 2022, the Company repurchased $97.5 million of 2028 Senior Notes at an average purchase price of 87.9% of par which resulted in a $10.5 million gain on extinguishment of debt recorded in other interest expense on the consolidated statement of operations. The Company may also redeem the 2028 Senior Notes, in whole or in part, at any time on or after April 1, 2024 at various redemption prices. In addition, subject to certain conditions at any time prior to April 1, 2024, the Company may redeem up to 40% of the principal amount of the 2028 Senior Notes with the proceeds of certain equity offerings at a redemption price of 106.125% of the principal amount of the 2028 Senior Notes, together with accrued and unpaid interest, if any, to, but not including, the date of redemption. At September 30, 2022, there was $502.5 million in 2028 Senior Notes outstanding and $5.8 million in unamortized deferred financing costs. Interest Expense

DEBT OBLIGATIONS

DEBT OBLIGATIONS	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
DEBT OBLIGATIONS	WAREHOUSE AND OTHER LINES OF CREDIT At September 30, 2022, the Company was a party to 10 revolving lines of credit with lenders providing $5.7 billion of warehouse and securitization facilities. The facilities are used to fund, and are secured by, residential mortgage loans held for sale. The facilities are repaid using proceeds from the sale of loans. Interest is generally payable monthly in arrears or on the repurchase date of a loan, and outstanding principal is payable upon receipt of loan sale proceeds or on the repurchase date of a loan. Outstanding principal related to a particular loan must also be repaid after the expiration of a contractual period of time or, if applicable, upon the occurrence of certain events of default with respect to the underlying loan. Interest expense is recorded to interest expense on the consolidated statements of operations. The base interest rates on the facilities bear interest at 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin. Some of the facilities carry additional fees charged on the total line amount, commitment fees charged on the committed portion of the line, and non-usage fees charged when monthly usage falls below a certain utilization percentage. As of September 30, 2022, the interest rate was comprised of the applicable base rate plus a spread ranging from 1.37% to 2.25%. The base interest rate for warehouse facilities is subject to increase based upon the characteristics of the underlying loans collateralizing the lines of credit, including, but not limited to product type and number of days held for sale. The warehouse lines are scheduled to expire through 2023 under one Certain warehouse line lenders require the Company to maintain cash accounts with minimum required balances at all times. As of September 30, 2022 and December 31, 2021, there was $5.5 million and $8.0 million, respectively, held in these accounts which are recorded as a component of restricted cash on the consolidated balance sheets. Under the terms of these warehouse lines, the Company is required to maintain various financial and other covenants. As of September 30, 2022, the Company amended certain warehouse lines related to certain profitability covenants, following which the Company was in compliance with those financial covenants. Securitization Facilities In October 2020, the Company issued notes and a class of owner trust certificates through a securitization facility (“2020-1 Securitization Facility”) backed by a revolving warehouse line of credit. The 2020-1 Securitization Facility was secured by newly originated, first-lien, residential mortgage loans eligible for purchase by Fannie Mae and Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2020-1 Securitization Facility issued $600.0 million in notes and certificates that accrued interest at 30-day LIBOR plus a margin. In March 2022, the Company exercised its right to optional prepayment in full and terminated the 2020-1 Securitization Facility. In December 2020, the Company issued notes and a class of owner trust certificates through an additional securitization facility (“2020-2 Securitization Facility”) backed by a revolving warehouse line of credit. The 2020-2 Securitization Facility was secured by newly originated, first-lien, fixed rate residential mortgage loans eligible for purchase by the GSEs or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2020-2 Securitization Facility issued $500.0 million in notes and certificates that accrued interest at 30-day LIBOR plus a margin. In August 2022, the Company exercised its right to optional prepayment in full and terminated the 2020-2 Securitization Facility. In February 2021, the Company issued notes and a class of owner trust certificates through an additional securitization facility (“2021-1 Securitization Facility”) backed by a revolving warehouse line of credit. The 2021-1 Securitization Facility was secured by newly originated, first-lien, fixed-rate or adjustable-rate, residential mortgage loans originated in accordance with the criteria of Fannie Mae and Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2021-1 Securitization Facility issued $500.0 million in notes that accrued interest at 30-day LIBOR plus a margin. In September 2022, the Company exercised its right to optional prepayment in full and terminated the 2021-1 Securitization Facility. In April 2021, the Company issued notes and a class of owner trust certificates through an additional securitization facility (“2021-2 Securitization Facility”) backed by a revolving warehouse line of credit. The 2021-2 Securitization Facility was secured by newly originated, first-lien, fixed-rate or adjustable-rate, residential mortgage loans originated in accordance with the criteria of Fannie Mae and Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2021-2 Securitization Facility issued $500.0 million in notes that accrued interest at 30-day LIBOR, plus a margin. In September 2022, the Company exercised its right to optional prepayment in full and terminated the 2021-2 Securitization Facility. In October 2021, the Company issued notes and a class of owner trust certificates through an additional securitization facility (“2021-3 Securitization Facility”) backed by a revolving warehouse line of credit. The 2021-3 Securitization Facility is secured by newly originated, first-lien, fixed-rate or adjustable-rate, residential mortgage loans originated in accordance with the criteria of Fannie Mae and Freddie Mac for the purchase of mortgage loans or in accordance with the criteria of Ginnie Mae for the guarantee of securities backed by mortgage loans. The 2021-3 Securitization Facility issued $500.0 million in notes that bear interest at 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin. The 2021-3 Securitization Facility will terminate on the earlier of (i) the three The following table presents information on warehouse and securitization facilities and the outstanding balance as of September 30, 2022 and December 31, 2021: Outstanding Balance Committed Uncommitted Total Expiration September 30, December 31, Facility 1 (1) $ 400,000 $ 1,100,000 $ 1,500,000 10/29/2022 $ 441,230 $ 851,088 Facility 2 (2) — 300,000 300,000 9/25/2023 172,313 295,743 Facility 3 — 300,000 300,000 4/18/2023 290,197 459,018 Facility 4 — 450,000 450,000 11/14/2022 226,888 266,230 Facility 5 (2) — 200,000 200,000 N/A 92 391 Facility 6 (2) 100,000 500,000 600,000 9/29/2023 310,042 583,449 Facility 7 (3) 400,000 400,000 800,000 5/5/2023 382,952 1,410,367 Facility 8 — 750,000 750,000 N/A 25,113 361,783 Facility 9 (4)(5) — — — 10/25/2022 — 600,000 Facility 10 (4)(7) — — — 12/17/2023 — 500,000 Facility 11 (2)(6) — — — 9/23/2022 — 263,516 Facility 12 (4)(8) — — — 2/2/2024 — 500,000 Facility 13 (4)(8) — — — 4/23/2024 — 500,000 Facility 14 — 300,000 300,000 9/21/2023 180,609 365,614 Facility 15 (4) 500,000 — 500,000 10/21/2024 500,000 500,000 Total $ 1,400,000 $ 4,300,000 $ 5,700,000 $ 2,529,436 $ 7,457,199 (1) The total facility is available both to fund loan originations and also provide liquidity under a gestation facility to finance recently sold MBS up to the MBS settlement date. In October 2022, this facility was extended to October 2023. (2) In addition to the warehouse line, the lender provides a separate gestation facility to finance recently sold MBS up to the MBS settlement date. (3) In addition to the outstanding balance secured by mortgage loans, the Company has $116.9 million outstanding to finance servicing rights included within debt obligations in the consolidated balance sheets. (4) Securitization backed by a revolving warehouse facility to finance newly originated first-lien fixed and adjustable rate mortgage loans. (5) This facility was prepaid and terminated in March 2022. (6) This facility was prepaid and terminated in July 2022. (7) This facility was prepaid and terminated in August 2022. (8) This facility was prepaid and terminated in September 2022. The following table presents information on borrowings under warehouse and securitization facilities: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Maximum outstanding balance during the period $ 4,354,864 $ 9,078,257 $ 7,672,559 $ 9,180,276 Average balance outstanding during the period 3,417,252 8,515,189 4,868,397 8,066,303 Collateral pledged (loans held for sale) 2,566,330 8,675,750 2,566,330 8,675,750 Weighted average interest rate during the period 4.18 % 2.22 % 2.89 % 2.25 % The following table presents the outstanding debt as of September 30, 2022 and December 31, 2021: September 30, December 31, Secured debt obligations, net: Secured credit facilities MSR facilities $ 969,048 $ 262,250 Securities financing facilities 93,252 66,439 Servicing advance facilities 30,677 15,070 Total secured credit facilities 1,092,977 343,759 Term Notes 199,540 199,133 Total secured debt obligations, net 1,292,517 542,892 Unsecured debt obligations, net: Senior Notes 991,187 1,085,316 Total debt obligations, net $ 2,283,704 $ 1,628,208 Certain of the Company’s secured debt obligations require us to satisfy financial covenants including minimum levels of profitability, tangible net worth, liquidity, and maximum levels of consolidated leverage. The Company obtained amendments relating to certain profitability covenants. As a result, the Company was in compliance with all such financial covenants as of September 30, 2022. Secured Credit Facilities Secured credit facilities are revolving facilities collateralized by MSRs, trading securities, and servicing advances. MSR Facilities In October 2014, the Company entered into a $25.0 million credit facility to finance servicing rights and for other working capital needs and general corporate purposes. The Company has entered into subsequent amendments to increase and decrease the size of the facility and extend the maturity date. The facility is secured by Freddie Mac mortgage servicing rights with a fair value of $289.6 million as of September 30, 2022 and accrues interest at a base rate per annum of 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin. As of September 30, 2022, there was $205.5 million outstanding on this facility with a maturity of June 2023. At September 30, 2022, capacity under the facility was $268.0 million. Advances for servicing rights are determined using a borrowing base formula calculated against the fair market value of the pledged servicing rights. In December 2021, the Company entered into a credit facility agreement which provides $300.0 million in borrowing capacity, with an option to increase up to $500.0 million upon mutual consent, available to the Company. The facility is secured by Freddie Mac mortgage servicing rights with a fair value of $526.6 million as of September 30, 2022, and bears interest at 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin per annum. At September 30, 2022, there was $300.0 million outstanding on this facility and $0.2 million in unamortized deferred financing costs. In January 2022, the Company entered into a credit facility agreement which provides $500.0 million in borrowing capacity. The facility is secured by Fannie Mae mortgage servicing rights with a fair value of $621.4 million as of September 30, 2022 and bears interest at SOFR plus a margin per annum. At September 30, 2022, there was $348.0 million outstanding on this facility and $1.1 million in unamortized deferred financing costs. In August 2017, the Company established the GMSR Trust to finance Ginnie Mae mortgage servicing rights owned by the Company through issuance of either variable funding notes or term notes, in each case secured by participation certificates held by the GMSR Trust. As of September 30, 2022, the Company had pledged participation certificates representing beneficial interests in Ginnie Mae mortgage servicing rights to the GMSR Trust with a fair value of $527.1 million. At September 30, 2022 the maximum borrowing capacity of the variable funding notes was $200.0 million. The variable funding notes bear interest at SOFR plus a margin per annum and mature in May 2023. As of September 30, 2022, there were $116.9 million in variable funding notes outstanding to finance Ginnie Mae mortgage servicing rights owned by the Company. Securities Financing Facilities The Company has entered into master repurchase agreements to finance retained interest securities related to its securitizations. The securities financing facilities have an advance rate between 60% and 90% based on classes of the securities and accrue interest at a rate of 90-day SOFR, plus a margin. The securities financing facilities are secured by the trading securities which represent our retained interests in the credit risk of the assets collateralizing certain securitization transactions. As of September 30, 2022, the trading securities had a fair value of $97.2 million on the consolidated balance sheets and there were $93.3 million in securities financing facilities outstanding. Servicing Advance Facilities In September 2020, the Company, through its indirect-wholly owned subsidiary loanDepot Agency Advance Receivables Trust (the “Advance Receivables Trust”), entered into a variable funding note facility for the financing of servicing advance receivables with respect to residential mortgage loans serviced by it on behalf of Fannie Mae and Freddie Mac. Pursuant to an indenture, the Advance Receivables Trust can issue up to $100.0 million in variable funding notes (the “2020-VF1 Notes”). The 2020-VF1 Notes accrue interest at SOFR, plus a margin per annum and mature in September 2023 (unless earlier redeemed in accordance with their terms). At September 30, 2022, there was $15.7 million in 2020-VF1 Notes outstanding. In November 2021, the Company, through the GMSR Trust issued variable funding notes secured by principal and interest advance receivables and servicing advance receivables with respect to residential mortgage loans serviced on behalf of Ginnie Mae. The variable funding notes bear interest at SOFR plus a margin per annum and mature in May 2023. As of September 30, 2022, there was $15.1 million outstanding on the variable funding notes and $0.2 million in unamortized deferred financing costs. Term Notes In October 2018, the Company, through the GMSR Trust issued the Series 2018-GT1 Term Notes (“Term Notes”). The Term Notes accrue interest at 30-day LIBOR, or other alternative base rate such as SOFR, plus a margin per annum and mature in October 2023 or, if extended pursuant to the terms of the related indenture supplement, October 2025 (unless earlier redeemed in accordance with their terms). At September 30, 2022, there was $200.0 million in Term Notes outstanding and $0.5 million in unamortized deferred financing costs. Senior Notes In October 2020, the Company issued $500.0 million in aggregate principal amount of 6.50% senior unsecured notes due 2025, (the “2025 Senior Notes”). The 2025 Senior Notes will mature on November 1, 2025. Interest on the 2025 Senior Notes accrues at a rate of 6.50% per annum, payable semi-annually in arrears on May 1 and November 1 of each year. The Company may redeem the 2025 Senior Notes, in whole or in part, at various redemption prices. At September 30, 2022, there was $500.0 million in 2025 Senior Notes outstanding and $5.5 million in unamortized deferred financing costs. In March 2021, the Company issued $600.0 million in aggregate principal amount of 6.125% senior unsecured notes due 2028 (the “2028 Senior Notes” and together with the 2025 Senior Notes, the "Senior Notes"). The 2028 Senior Notes will mature on April 1, 2028. Interest on the 2028 Senior Notes accrues at a rate of 6.125% per annum, payable semi-annually in arrears on April 1 and October 1 of each year. At any time prior to April 1, 2024, the Company may redeem some or all of the 2028 Senior Notes at a price equal to 100% of the principal amount of the 2028 Senior Notes, plus accrued and unpaid interest, if any, to, but not including, the date of redemption plus a make-whole premium. During the first quarter of 2022, the Company repurchased $97.5 million of 2028 Senior Notes at an average purchase price of 87.9% of par which resulted in a $10.5 million gain on extinguishment of debt recorded in other interest expense on the consolidated statement of operations. The Company may also redeem the 2028 Senior Notes, in whole or in part, at any time on or after April 1, 2024 at various redemption prices. In addition, subject to certain conditions at any time prior to April 1, 2024, the Company may redeem up to 40% of the principal amount of the 2028 Senior Notes with the proceeds of certain equity offerings at a redemption price of 106.125% of the principal amount of the 2028 Senior Notes, together with accrued and unpaid interest, if any, to, but not including, the date of redemption. At September 30, 2022, there was $502.5 million in 2028 Senior Notes outstanding and $5.8 million in unamortized deferred financing costs. Interest Expense

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s income tax expense varies from the expense that would be expected based on statutory rates due principally to its organizational structure. As part of the completion of the IPO, the Company became a C Corporation subject to federal, state, and local income taxes with respect to its share of net taxable income of LD Holdings. As of September 30, 2022 and December 31, 2021, the Company had a deferred tax asset before any valuation allowance of $0.1 million and $0.4 million, respectively, and a deferred tax liability of $135.2 million and $193.4 million, respectively. Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, which will result in taxable or deductible amounts in the future. The deferred tax liability as of September 30, 2022 and December 31, 2021 relate to temporary differences in the book basis as compared to the tax basis of loanDepot, Inc.’s investment in LD Holdings, net of tax benefits from future deductions for payments made under a Tax Receivable Agreement (“TRA”) as a result of the IPO. Changes in tax laws and rates may affect recorded deferred tax assets and liabilities and the Company’s effective tax rate in the future. Deferred income taxes are measured using the applicable tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on the tax rates that have been enacted at the reporting date. The Company measured its deferred tax assets and liabilities at September 30, 2022 and December 31, 2021 using the combined federal and state rate (less federal benefit) of 26%. The Company establishes a valuation allowance when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. As of September 30, 2022, the Company did not have a valuation allowance on any deferred tax assets as the Company believes it is more-likely-than-not that the Company will realize the benefits of the deferred tax assets. The Company recognized a TRA liability of $47.8 million and $32.9 million as of September 30, 2022 and December 31, 2021, respectively, which represents the Company’s estimate of the aggregate amount that it will pay under the TRA, refer to Note 15- Commitments and Contingencies, for further information on the TRA liability.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONSIn conjunction with its joint ventures, the Company entered into agreements to provide services to joint ventures for which it receives and pays fees. Such services include loan processing and administrative services (legal, accounting, human resources, data processing and management information, assignment processing, post-closing, underwriting, facilities management, quality control, management consulting, risk management, promotions, public relations, advertising and compliance with credit agreements). The Company also pays the joint ventures a broker fee for referrals of eligible mortgage loans. Fees earned, costs incurred, and amounts payable to or receivable from joint ventures were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Loan processing and administrative services fee income $ 4,876 $ 3,650 $ 12,754 $ 10,757 Loan origination broker fees expense $ 31,917 $ 22,749 $ 81,843 $ 63,457 September 30, December 31, Amounts (payable) receivable from joint ventures $ (8,136) $ 1,855

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
EQUITY	EQUITY The Continuing LLC Members have the right to exchange one Holdco Unit and one share of Class B common stock or Class C common stock, as applicable, together for cash or one share of Class A common stock at the Company’s election, subject to customary conversion rate adjustments for stock splits, stock dividends, and reclassifications. The Company consolidates the financial results of LD Holdings and reports noncontrolling interest related to the interests held by the Continuing LLC Members. The noncontrolling interest of $0.6 billion and $1.1 billion as of September 30, 2022 and December 31, 2021, respectively, represented the economic interest in LD Holdings held by the Continuing LLC Members. As Continuing LLC Members convert shares, noncontrolling interest is adjusted to proportionately reduce the economic interest in LD Holdings with an offset to additional paid-in-capital on the consolidated statements of equity. The following table summarizes the ownership of LD Holdings as of September 30, 2022. Holding Member Interests: Holdco Units Ownership Percentage loanDepot, Inc. 165,002,738 52.53% Continuing LLC Members 149,130,538 47.47% Total 314,133,276 100.00%

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share of Class A common stock and Class D common stock is computed by dividing net income (loss) attributable to loanDepot, Inc. by the weighted-average number of shares of Class A common stock and Class D common stock, respectively, outstanding during the period. Diluted earnings (loss) per share of Class A common stock and Class D common stock is computed by dividing net income (loss) attributable to loanDepot, Inc. by the weighted-average number of shares of Class A common stock and Class D common stock respectively, outstanding adjusted to give effect to potentially dilutive securities. The basic and diluted earnings per share period for the nine months ended September 30, 2021 represents the period after February 11, 2021, wherein the Company had outstanding Class A common stock and Class D common stock. There was no Class B common stock outstanding as of September 30, 2022 and 2021. The following table sets forth the calculation of basic and diluted earnings (loss) per share for Class A common stock and Class D common stock: Three Months Ended Nine Months Ended September 30, 2022 September 30, 2022 Class A Class D Total Class A Class D Total Net loss attributable to loanDepot, Inc. $ (24,200) $ (35,881) $ (60,081) $ (70,421) $ (125,330) $ (195,750) Weighted average shares - basic 65,437,698 97,026,671 162,464,369 54,611,035 97,192,893 151,803,928 Loss per share - basic $ (0.37) $ (0.37) $ (0.37) $ (1.29) $ (1.29) $ (1.29) Diluted loss per share: Net loss allocated to common stockholders - diluted $ (24,200) $ (35,881) $ (60,081) $ (70,421) $ (125,330) $ (195,751) Weighted average shares - diluted 65,437,698 97,026,671 162,464,369 54,611,035 97,192,893 151,803,928 Loss per share - diluted $ (0.37) $ (0.37) $ (0.37) $ (1.29) $ (1.29) $ (1.29) Three Months Ended Nine Months Ended September 30, 2021 September 30, 2021 Class A Class D Total Class A Class D Total Net income attributable to loanDepot, Inc. $ 6,052 $ 45,423 $ 51,475 $ 9,233 $ 95,678 $ 104,911 Weighted average shares - basic 15,318,921 114,978,644 130,297,565 11,259,896 116,681,435 127,941,331 Earnings per share - basic $ 0.40 $ 0.40 $ 0.40 $ 0.82 $ 0.82 $ 0.82 Diluted income per share: Net income allocated to common stockholders - diluted $ 6,052 $ 45,423 $ 51,475 $ 9,233 $ 95,678 $ 104,911 Weighted average shares - diluted 15,318,921 114,978,644 130,297,565 11,259,896 116,681,435 127,941,331 Earnings per share - diluted $ 0.40 $ 0.40 $ 0.40 $ 0.82 $ 0.82 $ 0.82 For the three and nine months ended September 30, 2022, 156,677,534 and 167,796,888 shares of Class C common stock were evaluated for the assumed exchange of noncontrolling interests and determined to be anti-dilutive, and thus were excluded from the computation of diluted loss per share. For the three and nine months ended September 30, 2022, 14,869,764 and 12,907,024 of Class A RSUs and nonqualified stock options were determined to be anti-dilutive, and thus excluded from the computation of diluted loss per share. For the three months ended September 30, 2021, 191,579,524 shares of Class C common stock were evaluated for the assumed exchange of noncontrolling interests and determined to be anti-dilutive, and thus were excluded from the computation of diluted earnings per share. For the period from February 11, 2021 to September 30, 2021, 195,111,599 shares of Class C common stock were evaluated for the assumed exchange of noncontrolling interests and determined to be anti-dilutive, and thus were excluded from the computation of diluted earnings per share.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Escrow Services In conducting its operations, the Company, through its wholly-owned subsidiaries, LDSS and ACT, routinely hold customers' assets in escrow pending completion of real estate financing transactions. These amounts are maintained in segregated bank accounts and are offset with the related liabilities resulting in no amounts reported in the accompanying consolidated balance sheets. The balances held for the Company’s customers totaled $8.0 million and $21.1 million at September 30, 2022 and December 31, 2021, respectively. Legal Proceedings The Company is a defendant in, or a party to, legal actions and proceedings that arise in the ordinary course of business. In some of these actions and proceedings, claims for monetary damages are asserted against the Company. These matters include actions alleging improper lending practices, improper servicing, quiet title actions, improper foreclosure practices, violations of consumer protection laws, etc. and on account of consumer bankruptcies. In many of these actions, the Company may not be the real party of interest (because the Company is not the servicer of the loan or the holder of the note) but it may appear in the pleadings because it is in the chain of title to property over which there may be a dispute. Such matters may be indemnified and managed by the appropriate party, which may be the Company’s subservicer. In other cases, such as lien avoidance cases brought in bankruptcy, the Company is insured by title insurance, and the case is turned over to the title insurer who tenders the Company’s defense. In some of these actions and proceedings, claims for monetary damages are asserted against the Company. In view of the inherent difficulty of predicting the outcome of such legal actions and proceedings, the Company generally cannot predict what the eventual outcome of the pending matters will be, what the timing of the ultimate resolution of these matters will be, or what the eventual loss related to each pending matter may be, if any. The Company seeks to resolve all litigation and regulatory matters in the manner management believes is in the best interest of the Company and contests liability, allegations of wrongdoing, and, where applicable, the amount of damages or scope of any penalties or other relief sought as appropriate in each pending matter. On at least a quarterly basis, the Company assesses its liabilities and contingencies in connection with outstanding legal and regulatory proceedings utilizing the latest information available. Any estimated loss is subject to significant judgment and is based upon currently available information, a variety of assumptions, and known and unknown uncertainties. Where available information indicates that it is probable a liability has been incurred and the Company can reasonably estimate the amount of the loss, an accrued liability is established. The actual costs of resolving these proceedings may be substantially higher or lower than the amounts accrued. Employment Litigation On December 24, 2020, the Company received a demand letter from one of the senior members of its operations team alleging, among other things, loan origination noncompliance and various employment related claims, including hostile work environment and gender discrimination, with unspecified damages. The executive has since resigned her position with the Company. The parties participated in pre-litigation mediation in May 2021. The parties did not resolve the matter at mediation and a complaint was filed with the Superior Court of the State of California, County of Orange on September 21, 2021 and an amended complaint was filed on December 21, 2021. In response, on February 2, 2022 the Company filed a demurrer to the complaint with the Superior Court of the State of California, County of Orange, for failing to state facts sufficient to constitute a cause of action while still vigorously denying the claims within the complaint. On March 24, 2022, the plaintiff filed her opposition to loanDepot’s demurrer. On March 29, 2022, the Company filed its reply to Plaintiff’s opposition. A hearing was held on the Company’s demurrer on May 12, 2022, at the Superior Court of the State of California, County of Orange. The court sustained the Company’s demurrer in full. On June 30, 2022, the Company filed its answer and affirmative defenses to the amended complaint. The plaintiff seeks damages in excess of $75 million. The Company believes this lawsuit is without merit and intends to vigorously defend against it. Discovery in this matter is still ongoing. While the Company’s management does not believe these allegations have merit, defending such allegations could result in substantial costs and a diversion of management’s attention and resources. The ultimate outcome of the other legal proceedings is uncertain, and the amount of any future potential loss is not considered probable or estimable. The Company will incur defense costs and other expenses in connection with these legal proceedings. If the final resolution of any legal proceedings is unfavorable, it could have a material adverse effect on the Company’s business and financial condition. Based on the Company’s current understanding of these pending legal actions and proceedings, management does not believe that judgments or settlements arising from pending or threatened legal matters, individually or in the aggregate, will have a material adverse effect on the consolidated financial position, operating results or cash flows of the Company. However, unfavorable resolutions could affect the consolidated financial position, results of operations or cash flows for the years in which they are resolved. Regulatory Requirements The Company is subject to various capital requirements by the U.S. Department of Housing and Urban Development (“HUD”); lenders of the warehouse lines of credit; and secondary markets investors. Failure to maintain minimum capital requirements could result in the inability to participate in HUD-assisted mortgage insurance programs, to borrow funds from warehouse line lenders or to sell or service mortgage loans. As of September 30, 2022, the Company was in compliance with its selling and servicing capital requirements. 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 as of September 30, 2022 and December 31, 2021 approximated $4.8 billion and $12.7 billion, respectively. These loan commitments are treated as derivatives and are carried at fair value, refer to Note 6- Derivative Financial Instruments and Hedging Activities for further information on derivatives. Loan Loss Obligation for Sold Loans When the Company sells mortgage loans, it makes customary representations and warranties to the purchasers about various characteristics of each loan such as the origination and underwriting guidelines, including but not limited to the validity of the lien securing the loan, property eligibility, borrower credit, income and asset requirements, and compliance with applicable federal, state and local law. The Company establishes a loan repurchase reserve for losses associated with repurchase loan obligations if the Company breached a representation or warranty given to the loan purchaser. Additionally, the Company’s loan loss obligation for sold loans includes an estimate for losses associated with early payoffs and early payment defaults. There have been charge-offs associated with early payoffs, early payment defaults and losses related to representations, warranties, and other provisions for the three and nine months ended September 30, 2022 and 2021. The activity related to the loan loss obligation for sold loans is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Balance at beginning of period $ 85,873 $ 26,626 $ 29,877 $ 33,591 Provision for loan loss obligations 12,932 2,456 108,550 2,723 Charge-offs (29,879) (2,094) (69,501) (9,326) Balance at end of period $ 68,926 $ 26,988 $ 68,926 $ 26,988 Obligation for Sold MSRs The Company recognizes sales of mortgage servicing rights as sales if title passes, if substantially all risks and rewards of ownership have irrevocably passed to the purchaser, and any protection provisions retained by the Company are minor and can be reasonably estimated. If a sale is recognized and only minor protection provisions exist, a liability for the estimated obligation associated with those provisions is recorded in accounts payable, accrued expenses and other liabilities on the consolidated balance sheet. The Company establishes a reserve related to the reimbursement of the purchase price for any loans that are prepaid in full within 90 days of the MSR sale transaction. The obligation for sold MSRs was $6.5 million and $0.4 million as of September 30, 2022 and December 31, 2021, respectively TRA Liability

REGULATORY CAPITAL AND LIQUIDIT

REGULATORY CAPITAL AND LIQUIDITY REQUIREMENTS	9 Months Ended
	Sep. 30, 2022
Mortgage Banking [Abstract]
REGULATORY CAPITAL AND LIQUIDITY REQUIREMENTS	REGULATORY CAPITAL AND LIQUIDITY REQUIREMENTS The Company, through certain subsidiaries, is required to maintain minimum net worth, liquidity and other financial requirements specified in certain of its selling and servicing agreements, including: • Ginnie Mae single-family issuers . The eligibility requirements include net worth of $2.5 million plus 0.35% of outstanding Ginnie Mae single-family obligations and a liquidity requirement equal to the greater of $1.0 million or 0.10% of outstanding Ginnie Mae single-family securities. • Fannie Mae and Freddie Mac. The eligibility requirements for seller/servicers include tangible net worth of $2.5 million plus 0.25% of the Company’s total single-family servicing portfolio, excluding loans subserviced for others and a liquidity requirement equal to 0.035% of the aggregate UPB serviced for the agencies plus 2.0% of total nonperforming agency servicing UPB in excess of 6%. • HUD . The eligibility requirements include a minimum adjusted net worth of $1.0 million plus 1% of the total volume in excess of $25.0 million of FHA Single Family Mortgages originated, underwritten, serviced, and/or purchased during the prior fiscal year, up to a maximum required adjusted net worth of $2.5 million. • 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%. To the extent that these requirements are not met, the Company may be subject to a variety of regulatory actions which could have a material adverse impact on our results of operations and financial condition. The most restrictive of the minimum net worth and capital requirements require the Company to maintain a minimum adjusted net worth balance of $125.3 million as of September 30, 2022. The Company was in compliance with the net worth, liquidity and other financial requirements of its selling and servicing requirements as of September 30, 2022.

DESCRIPTION OF BUSINESS, PRES_2

DESCRIPTION OF BUSINESS, PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	Consolidation and Basis of Presentation The Company's consolidated financial statements are prepared in accordance with U.S. GAAP as codified in the Financial Accounting Standards Board's (“FASB”) Accounting Standards Codification (“ASC” or the “Codification”). ASC 250 requires that a change in the reporting entity or the consummation of a transaction accounted for in a manner similar to a pooling of interests, i.e., a reorganization of entities under common control, be retrospectively applied to the financial statements of all prior periods when the financial statements are issued for a period that includes the date the change in reporting entity or the transaction occurred. Prior to the IPO, the Company completed a reorganization where LLC units in LD Holdings held by certain members (“Continuing LLC Members) were exchanged on a one-for-one basis for Class A holding units (“Holdco Units”) and Class C common stock. LD Holdings continues to be a holding company and has no material assets other than its equity interests in its direct subsidiaries consisting of a 99.99% ownership in LDLLC (the majority asset of the group), and 100% equity ownership in ART, LDSS, Mello, and MCS. As a result of the IPO and reorganization, loanDepot, Inc. became a holding company, its sole material asset is its equity interest in LD Holdings and as the sole managing member of LD Holdings, loanDepot, Inc. indirectly operates and controls all of LD Holdings’ business and affairs. The IPO and reorganization were considered transactions between entities under common control. The financial results of LD Holdings and its subsidiaries are consolidated with loanDepot, Inc, and the consolidated net earnings or loss are allocated to the noncontrolling interest to reflect the entitlement of the Continuing LLC Members. The accompanying consolidated financial statements include all of the assets, liabilities, and results of operations of the Company and consolidated variable interest entities (“VIEs”) in which the Company is the primary beneficiary. VIEs are entities that have a total equity investment at risk that is insufficient to permit the entity to finance its activities without additional subordinated financial support, whose equity investors at risk lack the ability to control the entity's activities, or is structured with non-substantive voting rights. The Company evaluates its associations with VIEs, both at inception and when there is a change in circumstance that requires reconsideration, to determine if the Company is the primary beneficiary and consolidation is required. A primary beneficiary is defined as a variable interest holder that has a controlling financial interest. A controlling financial interest requires both: (a) the power to direct the activities that most significantly impact the VIEs’ economic performance, and (b) the obligation to absorb losses or receive benefits of a VIE that could potentially be significant to the VIE. The Company has not provided financial or other support during the periods presented to any VIE that it was not previously contractually required to provide. Other entities that the Company does not consolidate, but for which it has significant influence over operating and financial policies, are accounted for using the equity method. All intercompany accounts and transactions have been eliminated in consolidation. Certain items in prior periods were reclassified to conform to the current presentation. To conform to the current period presentation, servicing expense on the consolidated statements of operations includes subservicing expense and in-house servicing expense. The Company has evaluated subsequent events for recognition or disclosure through the date of this report and has not identified any recordable or disclosable events that were not already reported in these consolidated financial statements or notes thereto.
Basis of Presentation	Consolidation and Basis of Presentation The Company's consolidated financial statements are prepared in accordance with U.S. GAAP as codified in the Financial Accounting Standards Board's (“FASB”) Accounting Standards Codification (“ASC” or the “Codification”). ASC 250 requires that a change in the reporting entity or the consummation of a transaction accounted for in a manner similar to a pooling of interests, i.e., a reorganization of entities under common control, be retrospectively applied to the financial statements of all prior periods when the financial statements are issued for a period that includes the date the change in reporting entity or the transaction occurred. Prior to the IPO, the Company completed a reorganization where LLC units in LD Holdings held by certain members (“Continuing LLC Members) were exchanged on a one-for-one basis for Class A holding units (“Holdco Units”) and Class C common stock. LD Holdings continues to be a holding company and has no material assets other than its equity interests in its direct subsidiaries consisting of a 99.99% ownership in LDLLC (the majority asset of the group), and 100% equity ownership in ART, LDSS, Mello, and MCS. As a result of the IPO and reorganization, loanDepot, Inc. became a holding company, its sole material asset is its equity interest in LD Holdings and as the sole managing member of LD Holdings, loanDepot, Inc. indirectly operates and controls all of LD Holdings’ business and affairs. The IPO and reorganization were considered transactions between entities under common control. The financial results of LD Holdings and its subsidiaries are consolidated with loanDepot, Inc, and the consolidated net earnings or loss are allocated to the noncontrolling interest to reflect the entitlement of the Continuing LLC Members. The accompanying consolidated financial statements include all of the assets, liabilities, and results of operations of the Company and consolidated variable interest entities (“VIEs”) in which the Company is the primary beneficiary. VIEs are entities that have a total equity investment at risk that is insufficient to permit the entity to finance its activities without additional subordinated financial support, whose equity investors at risk lack the ability to control the entity's activities, or is structured with non-substantive voting rights. The Company evaluates its associations with VIEs, both at inception and when there is a change in circumstance that requires reconsideration, to determine if the Company is the primary beneficiary and consolidation is required. A primary beneficiary is defined as a variable interest holder that has a controlling financial interest. A controlling financial interest requires both: (a) the power to direct the activities that most significantly impact the VIEs’ economic performance, and (b) the obligation to absorb losses or receive benefits of a VIE that could potentially be significant to the VIE. The Company has not provided financial or other support during the periods presented to any VIE that it was not previously contractually required to provide. Other entities that the Company does not consolidate, but for which it has significant influence over operating and financial policies, are accounted for using the equity method. All intercompany accounts and transactions have been eliminated in consolidation. Certain items in prior periods were reclassified to conform to the current presentation. To conform to the current period presentation, servicing expense on the consolidated statements of operations includes subservicing expense and in-house servicing expense. The Company has evaluated subsequent events for recognition or disclosure through the date of this report and has not identified any recordable or disclosable events that were not already reported in these consolidated financial statements or notes thereto.
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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Management has made significant estimates in certain areas, including determining the fair value of loans held for sale, servicing rights, derivative assets and derivative liabilities, trading securities, awards granted under the incentive equity plan, determining the loan loss obligation on sold loans and MSRs, and goodwill impairment. Actual results could differ from those estimates.
Concentration of Risk	Concentration of Risk The Company has concentrated its credit risk for cash by maintaining deposits in several financial institutions, which may at times exceed amounts covered by insurance provided by the Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk related to cash. Due to the nature of the mortgage lending industry, changes in interest rates may significantly impact revenue from originating mortgages and subsequent sales of loans to investors, which are the primary source of income for the Company. The Company originates mortgage loans on property located throughout the United States, with loans originated for property located in California totaling approximately 22% of total loan originations for the nine months ended September 30, 2022. The Company sells mortgage loans to various third-party investors. Three investors accounted for 30%, 27%, and 21% of the Company’s loan sales for the nine months ended September 30, 2022. No other investors accounted for more than 5% of the loan sales for the nine months ended September 30, 2022.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables present the carrying amount and estimated fair value of financial instruments included in the consolidated financial statements. September 30, 2022 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 1,143,948 $ 1,143,948 $ — $ — Restricted cash 160,926 160,926 — — Loans held for sale, at fair value 2,692,820 — 2,692,820 — Derivative assets, at fair value 316,647 — 295,737 20,910 Servicing rights, at fair value 2,030,026 — — 2,030,026 Trading securities, at fair value 97,210 — 97,210 — Loans eligible for repurchase 554,892 — 554,892 — Liabilities Warehouse and other lines of credit $ 2,529,436 $ — $ 2,529,436 $ — Derivative liabilities, at fair value 149,837 26,123 38,086 85,628 Servicing rights, at fair value 16,757 — — 16,757 Debt obligations: Secured credit facilities 1,092,977 — 1,094,433 — Term Notes 199,540 — 200,000 — Senior Notes 991,187 — 561,900 — Liability for loans eligible for repurchase 554,892 — 554,892 — December 31, 2021 Carrying Amount Estimated Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 419,571 $ 419,571 $ — $ — Restricted cash 201,025 201,025 — — Loans held for sale, at fair value 8,136,817 — 8,136,817 — Derivative assets, at fair value 194,665 4,924 5,358 184,383 Servicing rights, at fair value 2,006,712 — — 2,006,712 Trading securities, at fair value 72,874 — 72,874 — Loans eligible for repurchase 363,373 — 363,373 — Liabilities Warehouse and other lines of credit $ 7,457,199 $ — $ 7,457,199 $ — Derivative liabilities, at fair value 37,797 31,070 2,964 3,763 Servicing rights, at fair value 7,310 — — 7,310 Debt obligations: Secured credit facilities 343,759 — 345,596 — Term Notes 199,133 — 200,000 — Senior Notes 1,085,316 — 1,057,977 — Liability for loans eligible for repurchase 363,373 — 363,373 — Financial Statement Items Measured at Fair Value on a Recurring Basis The following tables presents the Company’s assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy as of the dates indicated. September 30, 2022 Recurring Fair Value Measurements of Assets and Liabilities Using: Quoted Market Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value Measurements Fair value through net income: Assets: Loans held for sale $ — $ 2,692,820 $ — $ 2,692,820 Trading securities — 97,210 — 97,210 Derivative assets: Interest rate lock commitments — — 20,910 20,910 Forward sale contracts — 295,737 — 295,737 Servicing rights — — 2,030,026 2,030,026 Total assets at fair value $ — $ 3,085,767 $ 2,050,936 $ 5,136,703 Liabilities: Derivative liabilities: Interest rate lock commitments $ — $ — $ 85,628 $ 85,628 Interest rate swap futures 19,480 — — 19,480 Forward sale contracts — 38,086 — 38,086 Put options on treasuries 6,643 — — 6,643 Servicing rights — — 16,757 16,757 Total liabilities at fair value $ 26,123 $ 38,086 $ 102,385 $ 166,594 December 31, 2021 Recurring Fair Value Measurements of Assets and Liabilities Using: Quoted Market Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value Measurements Fair value through net income: Assets: Loans held for sale $ — $ 8,136,817 $ — $ 8,136,817 Trading securities — 72,874 — 72,874 Derivative assets: Interest rate lock commitments — — 184,383 184,383 Forward sale contracts — 5,358 — 5,358 Interest rate swap futures 4,924 — — 4,924 Servicing rights — — 2,006,712 2,006,712 Total assets at fair value $ 4,924 $ 8,215,049 $ 2,191,095 $ 10,411,068 Liabilities: Derivative liabilities: Interest rate lock commitments $ — $ — $ 3,763 $ 3,763 Forward sale contracts — 2,964 — 2,964 Put options on treasuries 31,070 — — 31,070 Servicing rights — — 7,310 7,310 Total liabilities at fair value $ 31,070 $ 2,964 $ 11,073 $ 45,107
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following presents the changes in the Company’s assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 IRLCs, net Servicing IRLCs, net Servicing Balance at beginning of period $ 57,605 $ 2,204,593 $ 180,620 $ 1,999,402 Total net gains or losses included in earnings (realized and unrealized) 22,112 140,598 279,266 765,143 Sales and settlements Sales (331,922) (751,276) Settlements (1) (102,686) — (374,144) — Transfers of IRLCs to closed loans (41,749) — (150,460) — Balance at end of period $ (64,718) $ 2,013,269 $ (64,718) $ 2,013,269 (1) Funded amount for IRLCs. Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 IRLCs, net Servicing IRLCs, net Servicing Balance at beginning of period $ 333,081 $ 1,776,395 $ 647,045 $ 1,124,302 Total net gains or losses included in earnings (realized and unrealized) 640,372 233,166 1,749,343 1,079,525 Sales and settlements Sales — (172,867) — (367,133) Settlements (1) (558,918) — (1,585,368) — Transfers of IRLCs to closed loans (155,325) — (551,810) — Balance at end of period $ 259,210 $ 1,836,694 $ 259,210 $ 1,836,694 (1) Funded amount for IRLCs. The following presents the gains and losses included in earnings relating to the Company’s assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 IRLCs, net (1) Servicing Rights, net (2) IRLCs, net (1) Servicing Rights, net (3) Total net (losses) gains included in earnings $ (122,323) $ 140,598 $ (245,338) $ 765,143 Change in unrealized (losses) gains relating to assets and liabilities still held at period end $ (64,718) $ 150,534 $ (64,718) $ 683,413 (1) Gains (losses) included in gain on origination and sale of loans, net. (2) Includes $124.2 million in gains included in gain on origination and sale of loans, net and $16.4 million of gains included in change in fair value of servicing rights, net, for the three months ended September 30, 2022. (3) Includes $574.5 million in gains included in gain on origination and sale of loans, net and $190.7 million of gains included in change in fair value of servicing rights, net, for the nine months ended September 30, 2022. Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 IRLCs, net (1) Servicing Rights, net (2) Interest Rate Lock Commitments (1) Servicing Rights, net (3) Total net (losses) gains included in earnings $ (73,871) $ 233,166 $ (387,835) $ 1,079,525 Change in unrealized gains relating to assets and liabilities still held at period end $ 259,210 $ 326,527 $ 259,210 $ 1,126,433 (1) (Losses) gains included in gain on origination and sale of loans, net. (2) Includes $345.9 million in gains included in gain on origination and sale of loans, net and $112.7 million in losses included in change in fair value of servicing rights, net, for the three months ended September 30, 2021. (3) Includes $1.3 billion in gains included in gain on origination and sale of loans, net and $223.4 million of losses included in change in fair value of servicing rights, net, for the nine months ended September 30, 2021.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following presents the changes in the Company’s assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 IRLCs, net Servicing IRLCs, net Servicing Balance at beginning of period $ 57,605 $ 2,204,593 $ 180,620 $ 1,999,402 Total net gains or losses included in earnings (realized and unrealized) 22,112 140,598 279,266 765,143 Sales and settlements Sales (331,922) (751,276) Settlements (1) (102,686) — (374,144) — Transfers of IRLCs to closed loans (41,749) — (150,460) — Balance at end of period $ (64,718) $ 2,013,269 $ (64,718) $ 2,013,269 (1) Funded amount for IRLCs. Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 IRLCs, net Servicing IRLCs, net Servicing Balance at beginning of period $ 333,081 $ 1,776,395 $ 647,045 $ 1,124,302 Total net gains or losses included in earnings (realized and unrealized) 640,372 233,166 1,749,343 1,079,525 Sales and settlements Sales — (172,867) — (367,133) Settlements (1) (558,918) — (1,585,368) — Transfers of IRLCs to closed loans (155,325) — (551,810) — Balance at end of period $ 259,210 $ 1,836,694 $ 259,210 $ 1,836,694 (1) Funded amount for IRLCs. The following presents the gains and losses included in earnings relating to the Company’s assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 IRLCs, net (1) Servicing Rights, net (2) IRLCs, net (1) Servicing Rights, net (3) Total net (losses) gains included in earnings $ (122,323) $ 140,598 $ (245,338) $ 765,143 Change in unrealized (losses) gains relating to assets and liabilities still held at period end $ (64,718) $ 150,534 $ (64,718) $ 683,413 (1) Gains (losses) included in gain on origination and sale of loans, net. (2) Includes $124.2 million in gains included in gain on origination and sale of loans, net and $16.4 million of gains included in change in fair value of servicing rights, net, for the three months ended September 30, 2022. (3) Includes $574.5 million in gains included in gain on origination and sale of loans, net and $190.7 million of gains included in change in fair value of servicing rights, net, for the nine months ended September 30, 2022. Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 IRLCs, net (1) Servicing Rights, net (2) Interest Rate Lock Commitments (1) Servicing Rights, net (3) Total net (losses) gains included in earnings $ (73,871) $ 233,166 $ (387,835) $ 1,079,525 Change in unrealized gains relating to assets and liabilities still held at period end $ 259,210 $ 326,527 $ 259,210 $ 1,126,433 (1) (Losses) gains included in gain on origination and sale of loans, net. (2) Includes $345.9 million in gains included in gain on origination and sale of loans, net and $112.7 million in losses included in change in fair value of servicing rights, net, for the three months ended September 30, 2021. (3) Includes $1.3 billion in gains included in gain on origination and sale of loans, net and $223.4 million of losses included in change in fair value of servicing rights, net, for the nine months ended September 30, 2021.
Fair Value Measurement Inputs and Valuation Techniques	The following table presents quantitative information about the valuation techniques and unobservable inputs applied to Level 3 fair value measurements for financial instruments measured at fair value on a recurring basis: September 30, 2022 December 31, 2021 Unobservable Input Range of inputs Weighted Average (2) Range of inputs Weighted Average (2) IRLCs: Pull-through rate 6.2% - 99.9% 80.2% 0.3% - 99.3% 74.2% Servicing rights Discount rate (1) 4.9% - 14.9% 6.3% 4.5% - 9.0% 5.8% Prepayment rate (1) 5.5% - 19.0% 7.0% 8.4% - 18.7% 10.2% Cost to service (per loan) $62 - $143 $86 $70 - $114 $82 (1) The Company estimates the fair value of MSRs using an option-adjusted spread (“OAS”) model, which projects MSR cash flows over multiple interest rate scenarios in conjunction with the Company’s prepayment model, and then discounts these cash flows at risk-adjusted rates. (2) Weighted average inputs are based on the committed amounts for IRLCs and the UPB of the underlying loans for servicing rights.

BALANCE SHEET NETTING (Tables)

BALANCE SHEET NETTING (Tables)	9 Months Ended
	Sep. 30, 2022
Offsetting [Abstract]
Offsetting Assets	The table below represents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged. In circumstances where right of set off criteria is met, the related asset and liability are presented in a net position on the consolidated balance sheets. Warehouse and other lines of credit and secured debt obligations were secured by financial instruments with fair value that exceeded the liability amount recorded on the consolidated balance sheets as of September 30, 2022 and December 31, 2021, respectively. September 30, 2022 Gross amounts recognized Gross amounts offset in consolidated balance sheet Net amounts presented in consolidated balance sheet Gross amounts not offset in consolidated balance sheet Net amount Financial instruments Cash collateral Assets: Forward sale contracts $ 495,444 $ 199,707 $ 295,737 $ — $ (193,934) $ 101,803 Total Assets $ 495,444 $ 199,707 $ 295,737 $ — $ (193,934) $ 101,803 Liabilities: Forward sale contracts $ 237,793 $ 199,707 $ 38,086 $ — $ (1,054) $ 37,032 Put options on treasuries 6,643 — 6,643 — (6,643) — Interest rate swap futures 19,480 — 19,480 — (19,480) — Warehouse and other lines of credit 2,529,436 — 2,529,436 (2,529,436) — — Secured debt obligations (1) 1,294,433 — 1,294,433 (1,294,433) — — Total Liabilities $ 4,087,785 $ 199,707 $ 3,888,078 $ (3,823,869) $ (27,177) $ 37,032 (1) Secured debt obligations as of September 30, 2022 included secured credit facilities and Term Notes. December 31, 2021 Gross amounts recognized Gross amounts offset in consolidated balance sheets Net amounts presented in consolidated balance sheets Gross amounts not offset in consolidated balance sheets Net amount Financial instruments Cash collateral Assets: Forward sale contracts $ 29,497 $ (24,139) $ 5,358 $ — $ (1,447) $ 3,911 Interest rate swap futures 4,924 — 4,924 — — 4,924 Total Assets $ 34,421 $ (24,139) $ 10,282 $ — $ (1,447) $ 8,835 Liabilities: Forward sale contracts $ 27,103 $ (24,139) $ 2,964 $ — $ (1,736) $ 1,228 Put options on treasuries 31,070 — 31,070 — — 31,070 Warehouse and other lines of credit 7,457,199 — 7,457,199 (7,457,199) — — Secured debt obligations (1) 545,596 — 545,596 (545,596) — — Total Liabilities $ 8,060,968 $ (24,139) $ 8,036,829 $ (8,002,795) $ (1,736) $ 32,298
Offsetting Liabilities	The table below represents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with corresponding financial instruments and corresponding collateral received or pledged. In circumstances where right of set off criteria is met, the related asset and liability are presented in a net position on the consolidated balance sheets. Warehouse and other lines of credit and secured debt obligations were secured by financial instruments with fair value that exceeded the liability amount recorded on the consolidated balance sheets as of September 30, 2022 and December 31, 2021, respectively. September 30, 2022 Gross amounts recognized Gross amounts offset in consolidated balance sheet Net amounts presented in consolidated balance sheet Gross amounts not offset in consolidated balance sheet Net amount Financial instruments Cash collateral Assets: Forward sale contracts $ 495,444 $ 199,707 $ 295,737 $ — $ (193,934) $ 101,803 Total Assets $ 495,444 $ 199,707 $ 295,737 $ — $ (193,934) $ 101,803 Liabilities: Forward sale contracts $ 237,793 $ 199,707 $ 38,086 $ — $ (1,054) $ 37,032 Put options on treasuries 6,643 — 6,643 — (6,643) — Interest rate swap futures 19,480 — 19,480 — (19,480) — Warehouse and other lines of credit 2,529,436 — 2,529,436 (2,529,436) — — Secured debt obligations (1) 1,294,433 — 1,294,433 (1,294,433) — — Total Liabilities $ 4,087,785 $ 199,707 $ 3,888,078 $ (3,823,869) $ (27,177) $ 37,032 (1) Secured debt obligations as of September 30, 2022 included secured credit facilities and Term Notes. December 31, 2021 Gross amounts recognized Gross amounts offset in consolidated balance sheets Net amounts presented in consolidated balance sheets Gross amounts not offset in consolidated balance sheets Net amount Financial instruments Cash collateral Assets: Forward sale contracts $ 29,497 $ (24,139) $ 5,358 $ — $ (1,447) $ 3,911 Interest rate swap futures 4,924 — 4,924 — — 4,924 Total Assets $ 34,421 $ (24,139) $ 10,282 $ — $ (1,447) $ 8,835 Liabilities: Forward sale contracts $ 27,103 $ (24,139) $ 2,964 $ — $ (1,736) $ 1,228 Put options on treasuries 31,070 — 31,070 — — 31,070 Warehouse and other lines of credit 7,457,199 — 7,457,199 (7,457,199) — — Secured debt obligations (1) 545,596 — 545,596 (545,596) — — Total Liabilities $ 8,060,968 $ (24,139) $ 8,036,829 $ (8,002,795) $ (1,736) $ 32,298

LOANS HELD FOR SALE, AT FAIR _2

LOANS HELD FOR SALE, AT FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Schedule of Unpaid Principal Balance of LHFS by Type of Loan	The following table represents the unpaid principal balance of LHFS by product type of loan as of September 30, 2022 and December 31, 2021: September 30, December 31, Amount % Amount % Conforming - fixed $ 1,696,438 60 % $ 4,881,222 61 % Conforming - ARM 33,501 1 351,408 4 Government - fixed 895,256 32 1,156,890 15 Government - ARM 2,509 — 10,906 — Other - residential mortgage loans 187,200 7 1,576,858 20 Consumer loans 1,797 — 1,942 — 2,816,701 100 % 7,979,226 100 % Fair value adjustment (123,881) 157,591 Total $ 2,692,820 $ 8,136,817
Summary of Changes in Balance of Loans Held For Sale	A summary of the changes in the balance of loans held for sale is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Balance at beginning of period $ 4,656,338 $ 9,120,653 $ 8,136,817 $ 6,955,424 Origination and purchase of loans 9,700,119 31,902,260 46,842,973 107,717,154 Sales (11,728,053) (32,200,708) (52,409,647) (106,414,376) Repurchases 164,435 138,666 498,101 802,366 Principal payments (18,822) (53,316) (119,708) (119,822) Fair value loss (81,197) (33,819) (255,716) (67,010) Balance at end of period $ 2,692,820 $ 8,873,736 $ 2,692,820 $ 8,873,736
Components of Gain on Origination and Sale of Loans, Net	Gain on origination and sale of loans, net is comprised of the following components: Three Months Ended Nine Months Ended 2022 2021 2022 2021 (Discount) premium from loan sales $ (83,312) $ 674,782 $ (756,602) $ 1,552,668 Servicing rights additions 124,244 345,882 574,459 1,302,884 Unrealized gains (losses) from derivative assets and liabilities 113,913 42,984 82,110 (139,483) Realized gains (losses) from derivative assets and liabilities 37,950 (156,514) 940,824 194,035 Discount points, rebates and lender paid costs 57,634 (49,585) 189,468 (193,043) Fair value loss (81,197) (33,818) (255,716) (67,010) Provision for loan loss obligation for loans sold (12,932) (2,456) (108,550) (2,723) Total gain on origination and sale of loans, net $ 156,300 $ 821,275 $ 665,993 $ 2,647,328

SERVICING RIGHTS, AT FAIR VAL_2

SERVICING RIGHTS, AT FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2022
Transfers and Servicing [Abstract]
Summary of Outstanding Principal Balance of Servicing Rights	The outstanding principal balance of the servicing portfolio was comprised of the following: September 30, December 31, Conventional $ 103,719,089 $ 127,270,097 Government 35,990,544 34,842,868 Total servicing portfolio $ 139,709,633 $ 162,112,965
Summary of Unpaid Principal Balance Underlying Servicing Rights	A summary of the unpaid principal balance underlying servicing rights is as follows: September 30, December 31, Current loans $ 137,990,039 $ 160,302,966 Loans 30 - 89 days delinquent 572,209 504,467 Loans 90 or more days delinquent or in foreclosure 1,147,385 1,305,532 Total servicing portfolio (1) $ 139,709,633 $ 162,112,965
Summary of Changes in Servicing Rights	A summary of the changes in the balance of servicing rights, net of servicing rights liability is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Balance at beginning of period $ 2,204,593 $ 1,776,395 $ 1,999,402 $ 1,124,302 Additions 124,244 345,882 574,459 1,302,884 Sales proceeds, net (341,415) (182,892) (740,728) (365,680) Changes in fair value: Due to changes in valuation inputs or assumptions 75,366 (3,461) 373,158 98,295 Due to collection/realization of cash flows (49,519) (99,230) (193,022) (323,107) Balance at end of period $ 2,013,269 $ 1,836,694 $ 2,013,269 $ 1,836,694
Summary of Components of Loan Servicing Fee Income	The following is a summary of the components of loan servicing fee income as reported in the Company’s consolidated statements of operations: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Contractual servicing fees $ 104,917 $ 99,640 $ 327,567 $ 271,374 Late, ancillary and other fees 8,627 2,789 14,362 8,364 Servicing fee income $ 113,544 $ 102,429 $ 341,929 $ 279,738
Summary of Components of Changes in Fair Value of Servicing Rights	The following is a summary of the components of change in fair value of servicing rights, net as reported in the Company’s consolidated statements of operations: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Changes in fair value: Due to changes in valuation inputs or assumptions $ 75,366 $ (3,461) $ 373,158 $ 98,295 Due to collection/realization of cash flows (49,519) (99,230) (193,022) (323,107) Realized losses on sales of servicing rights (13,489) (14,218) (5,949) (8,224) Net loss from derivatives hedging servicing rights (50,837) (21,553) (314,557) (94,158) Changes in fair value of servicing rights, net $ (38,479) $ (138,462) $ (140,370) $ (327,194)
Servicing Rights Sensitivity Analysis	The table below illustrates hypothetical changes in fair values of servicing rights, caused by assumed immediate changes to key assumptions that are used to determine fair value. September 30, December 31, Fair Value of Servicing Rights, net $ 2,013,269 $ 1,999,402 Change in Fair Value from adverse changes: Discount Rate: Increase 1% (81,235) (85,066) Increase 2% (156,903) (163,255) Cost of Servicing: Increase 10% (18,990) (20,843) Increase 20% (38,066) (41,727) Prepayment Speed: Increase 10% (17,625) (76,532) Increase 20% (35,139) (148,556)

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following summarizes the Company’s outstanding derivative instruments: Fair Value Notional Balance Sheet Location Asset Liability September 30, 2022: Interest rate lock commitments $ 1,645,122 Derivative asset, at fair value $ 20,910 Interest rate lock commitments 3,171,270 Derivative liabilities, at fair value — 85,628 Forward sale contracts 20,523,121 Derivative asset, at fair value 295,737 — Forward sale contracts 896,425 Derivative liabilities, at fair value — 38,086 Put options on treasuries — Derivative asset, at fair value — — Put options on treasuries 1,725 Derivative liabilities, at fair value — 6,643 Interest rate swap futures — Derivative asset, at fair value — — Interest rate swap futures 650 Derivative liabilities, at fair value — 19,480 Total derivative financial instruments $ 316,647 $ 149,837 Fair Value Notional Balance Sheet Location Asset Liability December 31, 2021: Interest rate lock commitments $ 11,530,721 Derivative asset, at fair value $ 184,383 $ — Interest rate lock commitments 1,125,911 Derivative liabilities, at fair value — 3,763 Forward sale contracts 19,482,705 Derivative asset, at fair value 5,358 — Forward sale contracts 13,171,462 Derivative liabilities, at fair value — 2,964 Put options on treasuries — Derivative asset, at fair value — — Put options on treasuries 16,980 Derivative liabilities, at fair value — 31,070 Interest rate swap futures 2,640 Derivative asset, at fair value 4,924 — Interest rate swap futures — Derivative liabilities, at fair value — — Total derivative financial instruments $ 194,665 $ 37,797
Net Gains (Losses) on Derivative Financial Instruments	The following summarizes the realized and unrealized net gains or losses on derivative financial instruments and the consolidated statements of operations line items where such gains and losses are included: Three Months Ended Nine Months Ended Derivative instrument Statements of Operations Location 2022 2021 2022 2021 Interest rate lock commitments, net Gain on origination and sale of loans, net $ (122,323) $ (73,871) $ (245,338) $ (387,835) Forward sale contracts Gain on origination and sale of loans, net 259,360 (29,867) 1,221,817 477,215 Interest rate swap futures Gain on origination and sale of loans, net 2,279 (29,683) (82,251) (81,891) Put options Gain on origination and sale of loans, net 12,547 19,891 128,706 47,063 Forward sale contracts Change in fair value of servicing rights, net (16,293) (5,838) (113,920) (84,842) Interest rate swap futures Change in fair value of servicing rights, net (31,598) (14,033) (197,177) (6,855) Put options Change in fair value of servicing rights, net (2,946) (1,682) (3,460) (2,461) Total realized and unrealized gains (losses) on derivative financial instruments $ 101,026 $ (135,083) $ 708,377 $ (39,606)

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	A summary of the Company’s activity related to goodwill is as follows. Goodwill Other intangible assets Total Balance, December 31, 2021 $ 40,736 $ 1,581 $ 42,317 Amortization — (205) (205) Impairment loss (40,736) (1,376) (42,112) Balance, September 30, 2022 $ — $ — $ — Goodwill Other intangible assets Total Balance, December 31, 2020 $ 40,736 $ 2,090 $ 42,826 Amortization — (255) (255) Balance September 30, 2021 $ 40,736 $ 1,835 $ 42,571

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Investment in VIEs	The table below presents a summary of the carrying value and balance sheet classification of assets and liabilities in the Company’s securitization and SPE VIEs September 30, December 31, Assets Loans held for sale, at fair value $ 481,950 $ 2,557,490 Restricted cash 21,634 100,494 Servicing rights, at fair value 527,059 400,678 Prepaid expenses and other assets 34,711 17,756 $ 1,065,354 $ 3,076,418 Liabilities Warehouse and other lines of credit $ 500,000 $ 2,600,000 Debt obligations, net: MSR Facilities 116,874 15,000 Servicing advance facilities 30,677 15,070 Term notes 199,540 199,133 $ 847,091 $ 2,829,203 September 30, 2022 Carrying value Maximum Total assets in VIEs Assets Liabilities Retained interests $ 97,210 $ — $ 97,210 $ 2,340,730 Investments in joint ventures 19,938 — 19,938 17,605 $ 117,148 $ — $ 117,148 December 31, 2021 Carrying value Maximum Total assets in VIEs Assets Liabilities Retained interests $ 72,874 $ — $ 72,874 $ 1,424,857 Investments in joint ventures 18,553 — 18,553 20,783 $ 91,427 $ — $ 91,427

WAREHOUSE AND OTHER LINES OF _2

WAREHOUSE AND OTHER LINES OF CREDIT (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The following table presents information on warehouse and securitization facilities and the outstanding balance as of September 30, 2022 and December 31, 2021: Outstanding Balance Committed Uncommitted Total Expiration September 30, December 31, Facility 1 (1) $ 400,000 $ 1,100,000 $ 1,500,000 10/29/2022 $ 441,230 $ 851,088 Facility 2 (2) — 300,000 300,000 9/25/2023 172,313 295,743 Facility 3 — 300,000 300,000 4/18/2023 290,197 459,018 Facility 4 — 450,000 450,000 11/14/2022 226,888 266,230 Facility 5 (2) — 200,000 200,000 N/A 92 391 Facility 6 (2) 100,000 500,000 600,000 9/29/2023 310,042 583,449 Facility 7 (3) 400,000 400,000 800,000 5/5/2023 382,952 1,410,367 Facility 8 — 750,000 750,000 N/A 25,113 361,783 Facility 9 (4)(5) — — — 10/25/2022 — 600,000 Facility 10 (4)(7) — — — 12/17/2023 — 500,000 Facility 11 (2)(6) — — — 9/23/2022 — 263,516 Facility 12 (4)(8) — — — 2/2/2024 — 500,000 Facility 13 (4)(8) — — — 4/23/2024 — 500,000 Facility 14 — 300,000 300,000 9/21/2023 180,609 365,614 Facility 15 (4) 500,000 — 500,000 10/21/2024 500,000 500,000 Total $ 1,400,000 $ 4,300,000 $ 5,700,000 $ 2,529,436 $ 7,457,199 (1) The total facility is available both to fund loan originations and also provide liquidity under a gestation facility to finance recently sold MBS up to the MBS settlement date. In October 2022, this facility was extended to October 2023. (2) In addition to the warehouse line, the lender provides a separate gestation facility to finance recently sold MBS up to the MBS settlement date. (3) In addition to the outstanding balance secured by mortgage loans, the Company has $116.9 million outstanding to finance servicing rights included within debt obligations in the consolidated balance sheets. (4) Securitization backed by a revolving warehouse facility to finance newly originated first-lien fixed and adjustable rate mortgage loans. (5) This facility was prepaid and terminated in March 2022. (6) This facility was prepaid and terminated in July 2022. (7) This facility was prepaid and terminated in August 2022. (8) This facility was prepaid and terminated in September 2022. The following table presents information on borrowings under warehouse and securitization facilities: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Maximum outstanding balance during the period $ 4,354,864 $ 9,078,257 $ 7,672,559 $ 9,180,276 Average balance outstanding during the period 3,417,252 8,515,189 4,868,397 8,066,303 Collateral pledged (loans held for sale) 2,566,330 8,675,750 2,566,330 8,675,750 Weighted average interest rate during the period 4.18 % 2.22 % 2.89 % 2.25 %

DEBT OBLIGATIONS (Tables)

DEBT OBLIGATIONS (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Information on Outstanding Debt	The following table presents the outstanding debt as of September 30, 2022 and December 31, 2021: September 30, December 31, Secured debt obligations, net: Secured credit facilities MSR facilities $ 969,048 $ 262,250 Securities financing facilities 93,252 66,439 Servicing advance facilities 30,677 15,070 Total secured credit facilities 1,092,977 343,759 Term Notes 199,540 199,133 Total secured debt obligations, net 1,292,517 542,892 Unsecured debt obligations, net: Senior Notes 991,187 1,085,316 Total debt obligations, net $ 2,283,704 $ 1,628,208

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Fees earned, costs incurred, and amounts payable to or receivable from joint ventures were as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Loan processing and administrative services fee income $ 4,876 $ 3,650 $ 12,754 $ 10,757 Loan origination broker fees expense $ 31,917 $ 22,749 $ 81,843 $ 63,457 September 30, December 31, Amounts (payable) receivable from joint ventures $ (8,136) $ 1,855

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Summary of Ownership of LD Holdings	The following table summarizes the ownership of LD Holdings as of September 30, 2022. Holding Member Interests: Holdco Units Ownership Percentage loanDepot, Inc. 165,002,738 52.53% Continuing LLC Members 149,130,538 47.47% Total 314,133,276 100.00%

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the calculation of basic and diluted earnings (loss) per share for Class A common stock and Class D common stock: Three Months Ended Nine Months Ended September 30, 2022 September 30, 2022 Class A Class D Total Class A Class D Total Net loss attributable to loanDepot, Inc. $ (24,200) $ (35,881) $ (60,081) $ (70,421) $ (125,330) $ (195,750) Weighted average shares - basic 65,437,698 97,026,671 162,464,369 54,611,035 97,192,893 151,803,928 Loss per share - basic $ (0.37) $ (0.37) $ (0.37) $ (1.29) $ (1.29) $ (1.29) Diluted loss per share: Net loss allocated to common stockholders - diluted $ (24,200) $ (35,881) $ (60,081) $ (70,421) $ (125,330) $ (195,751) Weighted average shares - diluted 65,437,698 97,026,671 162,464,369 54,611,035 97,192,893 151,803,928 Loss per share - diluted $ (0.37) $ (0.37) $ (0.37) $ (1.29) $ (1.29) $ (1.29) Three Months Ended Nine Months Ended September 30, 2021 September 30, 2021 Class A Class D Total Class A Class D Total Net income attributable to loanDepot, Inc. $ 6,052 $ 45,423 $ 51,475 $ 9,233 $ 95,678 $ 104,911 Weighted average shares - basic 15,318,921 114,978,644 130,297,565 11,259,896 116,681,435 127,941,331 Earnings per share - basic $ 0.40 $ 0.40 $ 0.40 $ 0.82 $ 0.82 $ 0.82 Diluted income per share: Net income allocated to common stockholders - diluted $ 6,052 $ 45,423 $ 51,475 $ 9,233 $ 95,678 $ 104,911 Weighted average shares - diluted 15,318,921 114,978,644 130,297,565 11,259,896 116,681,435 127,941,331 Earnings per share - diluted $ 0.40 $ 0.40 $ 0.40 $ 0.82 $ 0.82 $ 0.82

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loan Loss Obligation	The activity related to the loan loss obligation for sold loans is as follows: Three Months Ended Nine Months Ended 2022 2021 2022 2021 Balance at beginning of period $ 85,873 $ 26,626 $ 29,877 $ 33,591 Provision for loan loss obligations 12,932 2,456 108,550 2,723 Charge-offs (29,879) (2,094) (69,501) (9,326) Balance at end of period $ 68,926 $ 26,988 $ 68,926 $ 26,988

DESCRIPTION OF BUSINESS, PRES_3

DESCRIPTION OF BUSINESS, PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration of Risk (Details)	9 Months Ended
	Sep. 30, 2022
Loan Originations Benchmark | Geographic Concentration Risk | California
Concentration of Risk [Line Items]
Concentration risk, percentage	22%
Mortgage Loans Benchmark | Investor Concentration Risk | Investor 1
Concentration of Risk [Line Items]
Concentration risk, percentage	30%
Mortgage Loans Benchmark | Investor Concentration Risk | Investor 2
Concentration of Risk [Line Items]
Concentration risk, percentage	27%
Mortgage Loans Benchmark | Investor Concentration Risk | Investor 3
Concentration of Risk [Line Items]
Concentration risk, percentage	21%
Warehouse Lines of Credit Benchmark | Lender Concentration Risk | Lender 1
Concentration of Risk [Line Items]
Concentration risk, percentage	15%
Warehouse Lines of Credit Benchmark | Lender Concentration Risk | Lender 2
Concentration of Risk [Line Items]
Concentration risk, percentage	17%

FAIR VALUE - Financial Statemen

FAIR VALUE - Financial Statement Items on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Loans held for sale, at fair value	$ 2,692,820	$ 8,136,817
Derivative assets, at fair value	316,647	194,665
Servicing rights, at fair value	2,030,026	2,006,712
Trading securities, at fair value	97,210	72,874
Liabilities
Derivative liabilities, at fair value	149,837	37,797
Fair Value, Recurring
Assets
Loans held for sale, at fair value	2,692,820	8,136,817
Servicing rights, at fair value	2,030,026	2,006,712
Trading securities, at fair value	97,210	72,874
Liabilities
Servicing rights, at fair value	16,757	7,310
Fair Value, Recurring | Level 1
Assets
Loans held for sale, at fair value	0	0
Servicing rights, at fair value	0	0
Trading securities, at fair value	0	0
Liabilities
Servicing rights, at fair value	0	0
Fair Value, Recurring | Level 2
Assets
Loans held for sale, at fair value	2,692,820	8,136,817
Servicing rights, at fair value	0	0
Trading securities, at fair value	97,210	72,874
Liabilities
Servicing rights, at fair value	0	0
Fair Value, Recurring | Level 3
Assets
Loans held for sale, at fair value	0	0
Servicing rights, at fair value	2,030,026	2,006,712
Trading securities, at fair value	0	0
Liabilities
Servicing rights, at fair value	16,757	7,310
Fair Value, Recurring | Carrying Amount
Assets
Cash and cash equivalents	1,143,948	419,571
Restricted cash	160,926	201,025
Loans held for sale, at fair value	2,692,820	8,136,817
Derivative assets, at fair value	316,647	194,665
Servicing rights, at fair value	2,030,026	2,006,712
Trading securities, at fair value	97,210	72,874
Loans eligible for repurchase	554,892	363,373
Liabilities
Warehouse and other lines of credit	2,529,436	7,457,199
Derivative liabilities, at fair value	149,837	37,797
Servicing rights, at fair value	16,757	7,310
Liability for loans eligible for repurchase	554,892	363,373
Fair Value, Recurring | Carrying Amount | Secured credit facilities
Liabilities
Debt obligations:	1,092,977	343,759
Fair Value, Recurring | Carrying Amount | Term Notes
Liabilities
Debt obligations:	199,540	199,133
Fair Value, Recurring | Carrying Amount | Senior Notes
Liabilities
Debt obligations:	991,187	1,085,316
Fair Value, Recurring | Estimated Fair Value | Level 1
Assets
Cash and cash equivalents	1,143,948	419,571
Restricted cash	160,926	201,025
Loans held for sale, at fair value	0	0
Derivative assets, at fair value	0	4,924
Servicing rights, at fair value	0	0
Trading securities, at fair value	0	0
Loans eligible for repurchase	0	0
Liabilities
Warehouse and other lines of credit	0	0
Derivative liabilities, at fair value	26,123	31,070
Servicing rights, at fair value	0	0
Liability for loans eligible for repurchase	0	0
Fair Value, Recurring | Estimated Fair Value | Level 1 | Secured credit facilities
Liabilities
Debt obligations:	0	0
Fair Value, Recurring | Estimated Fair Value | Level 1 | Term Notes
Liabilities
Debt obligations:	0	0
Fair Value, Recurring | Estimated Fair Value | Level 1 | Senior Notes
Liabilities
Debt obligations:	0	0
Fair Value, Recurring | Estimated Fair Value | Level 2
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Loans held for sale, at fair value	2,692,820	8,136,817
Derivative assets, at fair value	295,737	5,358
Servicing rights, at fair value	0	0
Trading securities, at fair value	97,210	72,874
Loans eligible for repurchase	554,892	363,373
Liabilities
Warehouse and other lines of credit	2,529,436	7,457,199
Derivative liabilities, at fair value	38,086	2,964
Servicing rights, at fair value	0	0
Liability for loans eligible for repurchase	554,892	363,373
Fair Value, Recurring | Estimated Fair Value | Level 2 | Secured credit facilities
Liabilities
Debt obligations:	1,094,433	345,596
Fair Value, Recurring | Estimated Fair Value | Level 2 | Term Notes
Liabilities
Debt obligations:	200,000	200,000
Fair Value, Recurring | Estimated Fair Value | Level 2 | Senior Notes
Liabilities
Debt obligations:	561,900	1,057,977
Fair Value, Recurring | Estimated Fair Value | Level 3
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Loans held for sale, at fair value	0	0
Derivative assets, at fair value	20,910	184,383
Servicing rights, at fair value	2,030,026	2,006,712
Trading securities, at fair value	0	0
Loans eligible for repurchase	0	0
Liabilities
Warehouse and other lines of credit	0	0
Derivative liabilities, at fair value	85,628	3,763
Servicing rights, at fair value	16,757	7,310
Liability for loans eligible for repurchase	0	0
Fair Value, Recurring | Estimated Fair Value | Level 3 | Secured credit facilities
Liabilities
Debt obligations:	0	0
Fair Value, Recurring | Estimated Fair Value | Level 3 | Term Notes
Liabilities
Debt obligations:	0	0
Fair Value, Recurring | Estimated Fair Value | Level 3 | Senior Notes
Liabilities
Debt obligations:	$ 0	$ 0

FAIR VALUE - Financial Statem_2

FAIR VALUE - Financial Statement Items on Recurring Basis by Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Loans held for sale	$ 2,692,820	$ 8,136,817
Trading securities, at fair value	97,210	72,874
Derivative assets:	316,647	194,665
Servicing rights	2,030,026	2,006,712
Liabilities
Derivative liabilities:	149,837	37,797
Interest rate lock commitments
Assets
Derivative assets:	20,910	184,383
Liabilities
Derivative liabilities:	85,628	3,763
Forward sale contracts
Assets
Derivative assets:	295,737	5,358
Liabilities
Derivative liabilities:	38,086	2,964
Interest rate swap futures
Assets
Derivative assets:	0	4,924
Liabilities
Derivative liabilities:	19,480	0
Put options on treasuries
Assets
Derivative assets:	0	0
Liabilities
Derivative liabilities:	6,643	31,070
Fair Value, Recurring
Assets
Loans held for sale	2,692,820	8,136,817
Trading securities, at fair value	97,210	72,874
Servicing rights	2,030,026	2,006,712
Total assets at fair value	5,136,703	10,411,068
Liabilities
Servicing rights	16,757	7,310
Total liabilities at fair value	166,594	45,107
Fair Value, Recurring | Interest rate lock commitments
Assets
Derivative assets:	20,910	184,383
Liabilities
Derivative liabilities:	85,628	3,763
Fair Value, Recurring | Forward sale contracts
Assets
Derivative assets:	295,737	5,358
Liabilities
Derivative liabilities:	38,086	2,964
Fair Value, Recurring | Interest rate swap futures
Assets
Derivative assets:		4,924
Liabilities
Derivative liabilities:	19,480
Fair Value, Recurring | Put options on treasuries
Liabilities
Derivative liabilities:	6,643	31,070
Fair Value, Recurring | Level 1
Assets
Loans held for sale	0	0
Trading securities, at fair value	0	0
Servicing rights	0	0
Total assets at fair value	0	4,924
Liabilities
Servicing rights	0	0
Total liabilities at fair value	26,123	31,070
Fair Value, Recurring | Level 1 | Interest rate lock commitments
Assets
Derivative assets:	0	0
Liabilities
Derivative liabilities:	0	0
Fair Value, Recurring | Level 1 | Forward sale contracts
Assets
Derivative assets:	0	0
Liabilities
Derivative liabilities:	0	0
Fair Value, Recurring | Level 1 | Interest rate swap futures
Assets
Derivative assets:		4,924
Liabilities
Derivative liabilities:	19,480
Fair Value, Recurring | Level 1 | Put options on treasuries
Liabilities
Derivative liabilities:	6,643	31,070
Fair Value, Recurring | Level 2
Assets
Loans held for sale	2,692,820	8,136,817
Trading securities, at fair value	97,210	72,874
Servicing rights	0	0
Total assets at fair value	3,085,767	8,215,049
Liabilities
Servicing rights	0	0
Total liabilities at fair value	38,086	2,964
Fair Value, Recurring | Level 2 | Interest rate lock commitments
Assets
Derivative assets:	0	0
Liabilities
Derivative liabilities:	0	0
Fair Value, Recurring | Level 2 | Forward sale contracts
Assets
Derivative assets:	295,737	5,358
Liabilities
Derivative liabilities:	38,086	2,964
Fair Value, Recurring | Level 2 | Interest rate swap futures
Assets
Derivative assets:		0
Liabilities
Derivative liabilities:	0
Fair Value, Recurring | Level 2 | Put options on treasuries
Liabilities
Derivative liabilities:	0	0
Fair Value, Recurring | Level 3
Assets
Loans held for sale	0	0
Trading securities, at fair value	0	0
Servicing rights	2,030,026	2,006,712
Total assets at fair value	2,050,936	2,191,095
Liabilities
Servicing rights	16,757	7,310
Total liabilities at fair value	102,385	11,073
Fair Value, Recurring | Level 3 | Interest rate lock commitments
Assets
Derivative assets:	20,910	184,383
Liabilities
Derivative liabilities:	85,628	3,763
Fair Value, Recurring | Level 3 | Forward sale contracts
Assets
Derivative assets:	0	0
Liabilities
Derivative liabilities:	0	0
Fair Value, Recurring | Level 3 | Interest rate swap futures
Assets
Derivative assets:		0
Liabilities
Derivative liabilities:	0
Fair Value, Recurring | Level 3 | Put options on treasuries
Liabilities
Derivative liabilities:	$ 0	$ 0

FAIR VALUE - Assets and Liabili

FAIR VALUE - Assets and Liabilities on Recurring Basis Using Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Servicing Rights, net
Servicing Rights:
Balance at beginning of period	$ 2,204,593	$ 1,776,395	$ 1,999,402	$ 1,124,302
Total net gains (losses) included in earnings (realized and unrealized)	140,598	233,166	765,143	1,079,525
Sales	(331,922)	(172,867)	(751,276)	(367,133)
Settlements	0	0	0	0
Transfers of IRLCs to closed loans	0	0	0	0
Balance at end of period	2,013,269	1,836,694	2,013,269	1,836,694
IRLCs, net
Derivatives:
Balance at beginning of period	57,605	333,081	180,620	647,045
Total net gains or losses included in earnings (realized and unrealized)	22,112	640,372	279,266	1,749,343
Sales		0		0
Settlements	(102,686)	(558,918)	(374,144)	(1,585,368)
Transfers of IRLCs to closed loans	(41,749)	(155,325)	(150,460)	(551,810)
Balance at end of period	$ (64,718)	$ 259,210	$ (64,718)	$ 259,210

FAIR VALUE - Gains and Losses i

FAIR VALUE - Gains and Losses in Earnings (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Assets:
Gain on origination and sale of loans, net	$ 124,244	$ 345,882	$ 574,459	$ 1,302,884
Servicing Rights, net
Assets:
Gains (losses) included in change in fair value of servicing rights	16,400	(112,700)	190,700	(223,400)
Level 3 | Servicing Rights, net
Assets:
Total net (losses) gains included in earnings	140,598	233,166	765,143	1,079,525
Change in unrealized (losses) gains relating to assets and liabilities still held at period end	150,534	326,527	683,413	1,126,433
Level 3 | IRLCs, net
Derivatives:
Total net (losses) gains included in earnings	(122,323)	(73,871)	(245,338)	(387,835)
Change in unrealized (losses) gains relating to assets and liabilities still held at period end	$ (64,718)	$ 259,210	$ (64,718)	$ 259,210

FAIR VALUE - Fair Value Inputs

FAIR VALUE - Fair Value Inputs and Valuation Techniques (Details)	Sep. 30, 2022 $ / loan	Dec. 31, 2021 $ / loan
IRLCs | Minimum | Pull-through rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.062	0.003
IRLCs | Maximum | Pull-through rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.999	0.993
IRLCs | Weighted Average | Pull-through rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative, measurement input	0.802	0.742
Servicing rights | Minimum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing right, measurement input	0.049	0.045
Servicing rights | Minimum | Prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing right, measurement input	0.055	0.084
Servicing rights | Minimum | Cost to service (per loan)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing right, measurement input	62	70
Servicing rights | Maximum | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing right, measurement input	0.149	0.090
Servicing rights | Maximum | Prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing right, measurement input	0.190	0.187
Servicing rights | Maximum | Cost to service (per loan)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing right, measurement input	143	114
Servicing rights | Weighted Average | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing right, measurement input	0.063	0.058
Servicing rights | Weighted Average | Prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing right, measurement input	0.070	0.102
Servicing rights | Weighted Average | Cost to service (per loan)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing right, measurement input	86	82

BALANCE SHEET NETTING (Details)

BALANCE SHEET NETTING (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets:
Net amounts presented in consolidated balance sheet	$ 316,647	$ 194,665
Liabilities:
Net amounts presented in consolidated balance sheet	149,837	37,797
Total liabilities, gross amounts recognized	4,087,785	8,060,968
Total liabilities, gross amounts offset in consolidated balance sheet	199,707	24,139
Total liabilities, net amounts presented in consolidated balance sheet	3,888,078	8,036,829
Total liabilities, gross amounts not offset in consolidated balance sheet, financial instruments	(3,823,869)	(8,002,795)
Total liabilities, gross amounts not offset in consolidated balance sheet, cash collateral	(27,177)	(1,736)
Total liabilities, net amount	37,032	32,298
Warehouse and other lines of credit
Liabilities:
Gross amounts offset in consolidated balance sheet	0	0
Securities loaned, gross/net amounts recognized	2,529,436	7,457,199
Securities loaned, gross amounts not offset in consolidated balance sheet, financial instruments	(2,529,436)	(7,457,199)
Securities loaned, gross amounts not offset in consolidated balance sheet, cash collateral	0	0
Securities loaned, net amount	0	0
Secured debt obligations
Liabilities:
Gross amounts offset in consolidated balance sheet	0	0
Securities loaned, gross/net amounts recognized	1,294,433	545,596
Securities loaned, gross amounts not offset in consolidated balance sheet, financial instruments	(1,294,433)	(545,596)
Securities loaned, gross amounts not offset in consolidated balance sheet, cash collateral	0	0
Securities loaned, net amount	0	0
Forward sale contracts
Assets:
Gross amounts recognized	495,444	29,497
Gross amounts offset in consolidated balance sheet	199,707	24,139
Net amounts presented in consolidated balance sheet	295,737	5,358
Gross amounts not offset in consolidated balance sheet, financial instruments	0	0
Gross amounts not offset in consolidated balance sheet, cash collateral	(193,934)	(1,447)
Net amount	101,803	3,911
Liabilities:
Gross amounts recognized	237,793	27,103
Gross amounts offset in consolidated balance sheet	199,707	24,139
Net amounts presented in consolidated balance sheet	38,086	2,964
Gross amounts not offset in consolidated balance sheet, financial instruments	0	0
Gross amounts not offset in consolidated balance sheet, cash collateral	(1,054)	(1,736)
Net amount	37,032	1,228
All except interest rate lock commitments
Assets:
Gross amounts recognized	495,444	34,421
Gross amounts offset in consolidated balance sheet	199,707	24,139
Net amounts presented in consolidated balance sheet	295,737	10,282
Gross amounts not offset in consolidated balance sheet, financial instruments	0	0
Gross amounts not offset in consolidated balance sheet, cash collateral	(193,934)	(1,447)
Net amount	101,803	8,835
Put options on treasuries
Assets:
Net amounts presented in consolidated balance sheet	0	0
Liabilities:
Gross amounts recognized	6,643	31,070
Gross amounts offset in consolidated balance sheet	0	0
Net amounts presented in consolidated balance sheet	6,643	31,070
Gross amounts not offset in consolidated balance sheet, financial instruments	0	0
Gross amounts not offset in consolidated balance sheet, cash collateral	(6,643)	0
Net amount	0	31,070
Interest rate swap futures
Assets:
Gross amounts recognized		4,924
Gross amounts offset in consolidated balance sheet		0
Net amounts presented in consolidated balance sheet	0	4,924
Gross amounts not offset in consolidated balance sheet, financial instruments		0
Gross amounts not offset in consolidated balance sheet, cash collateral		0
Net amount		4,924
Liabilities:
Gross amounts recognized	19,480
Gross amounts offset in consolidated balance sheet	0
Net amounts presented in consolidated balance sheet	19,480	$ 0
Gross amounts not offset in consolidated balance sheet, financial instruments	0
Gross amounts not offset in consolidated balance sheet, cash collateral	(19,480)
Net amount	$ 0

LOANS HELD FOR SALE, AT FAIR _3

LOANS HELD FOR SALE, AT FAIR VALUE - Unpaid Principal Balance of LHFS by Loan Type (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount	$ 2,816,701	$ 7,979,226
Fair value adjustment	(123,881)	157,591
Total	$ 2,692,820	$ 8,136,817
Product Concentration Risk | Receivables Benchmark
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	100%	100%
Fixed | Confirming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount	$ 1,696,438	$ 4,881,222
Fixed | Confirming | Product Concentration Risk | Receivables Benchmark
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	60%	61%
Fixed | Government
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount	$ 895,256	$ 1,156,890
Fixed | Government | Product Concentration Risk | Receivables Benchmark
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	32%	15%
ARM | Confirming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount	$ 33,501	$ 351,408
ARM | Confirming | Product Concentration Risk | Receivables Benchmark
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	1%	4%
ARM | Government
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount	$ 2,509	$ 10,906
ARM | Government | Product Concentration Risk | Receivables Benchmark
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	0%	0%
Other - residential mortgage loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount	$ 187,200	$ 1,576,858
Other - residential mortgage loans | Product Concentration Risk | Receivables Benchmark
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	7%	20%
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount	$ 1,797	$ 1,942
Consumer loans | Product Concentration Risk | Receivables Benchmark
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk, percentage	0%	0%

LOANS HELD FOR SALE, AT FAIR _4

LOANS HELD FOR SALE, AT FAIR VALUE - Summary of Changes in Balances (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Loans Receivable Held-for-sale, Net, Reconciliation to Cash Flow [Roll Forward]
Balance at beginning of period	$ 4,656,338	$ 9,120,653	$ 8,136,817	$ 6,955,424
Origination and purchase of loans	9,700,119	31,902,260	46,842,973	107,717,154
Sales	(11,728,053)	(32,200,708)	(52,409,647)	(106,414,376)
Repurchases	164,435	138,666	498,101	802,366
Principal payments	(18,822)	(53,316)	(119,708)	(119,822)
Fair value loss	(81,197)	(33,819)	(255,716)	(67,010)
Balance at end of period	$ 2,692,820	$ 8,873,736	$ 2,692,820	$ 8,873,736

LOANS HELD FOR SALE, AT FAIR _5

LOANS HELD FOR SALE, AT FAIR VALUE - Components of Gain on Origination and Sale of Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Receivables [Abstract]
(Discount) premium from loan sales	$ (83,312)	$ 674,782	$ (756,602)	$ 1,552,668
Servicing rights additions	124,244	345,882	574,459	1,302,884
Unrealized gains (losses) from derivative assets and liabilities	113,913	42,984	82,110	(139,483)
Realized gains (losses) from derivative assets and liabilities	37,950	(156,514)	940,824	194,035
Discount points, rebates and lender paid costs	57,634	(49,585)	189,468	(193,043)
Fair value loss	(81,197)	(33,818)	(255,716)	(67,010)
Provision for loan loss obligation for loans sold	(12,932)	(2,456)	(108,550)	(2,723)
Total gain on origination and sale of loans, net	156,300	$ 821,275	665,993	$ 2,647,328
Loans held for sale on non-accrual status	$ 19,600		$ 19,600		$ 28,800

SERVICING RIGHTS, AT FAIR VAL_3

SERVICING RIGHTS, AT FAIR VALUE - Components of Service Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Total portfolio	$ 139,709,633	$ 162,112,965
Conventional
Servicing Assets at Fair Value [Line Items]
Total portfolio	103,719,089	127,270,097
Government
Servicing Assets at Fair Value [Line Items]
Total portfolio	$ 35,990,544	$ 34,842,868

SERVICING RIGHTS, AT FAIR VAL_4

SERVICING RIGHTS, AT FAIR VALUE - Unpaid Principal of Servicing Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Servicing Assets at Fair Value [Line Items]
Total portfolio	$ 139,709,633	$ 162,112,965
Percentage of servicing portfolio in forbearance resulting from COVID-19	0.20%	0.60%
Current loans
Servicing Assets at Fair Value [Line Items]
Total portfolio	$ 137,990,039	$ 160,302,966
Loans 30 - 89 days delinquent
Servicing Assets at Fair Value [Line Items]
Total portfolio	572,209	504,467
Loans 90 or more days delinquent or in foreclosure
Servicing Assets at Fair Value [Line Items]
Total portfolio	$ 1,147,385	$ 1,305,532

SERVICING RIGHTS, AT FAIR VAL_5

SERVICING RIGHTS, AT FAIR VALUE - Change in 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 Fair Value, Amount [Roll Forward]
Balance at beginning of period	$ 2,204,593	$ 1,776,395	$ 1,999,402	$ 1,124,302
Additions	124,244	345,882	574,459	1,302,884
Sales proceeds, net	(341,415)	(182,892)	(740,728)	(365,680)
Due to changes in valuation inputs or assumptions	75,366	(3,461)	373,158	98,295
Due to collection/realization of cash flows	(49,519)	(99,230)	(193,022)	(323,107)
Balance at end of period	$ 2,013,269	$ 1,836,694	$ 2,013,269	$ 1,836,694

SERVICING RIGHTS, AT FAIR VAL_6

SERVICING RIGHTS, AT FAIR VALUE - Component of Loan Servicing Fee Income (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]
Contractual servicing fees	$ 104,917	$ 99,640	$ 327,567	$ 271,374
Late, ancillary and other fees	8,627	2,789	14,362	8,364
Total	$ 113,544	$ 102,429	$ 341,929	$ 279,738

SERVICING RIGHTS, AT FAIR VAL_7

SERVICING RIGHTS, AT FAIR VALUE - Changes in Fair Value (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]
Due to changes in valuation inputs or assumptions	$ 75,366	$ (3,461)	$ 373,158	$ 98,295
Due to collection/realization of cash flows	(49,519)	(99,230)	(193,022)	(323,107)
Realized losses on sales of servicing rights	(13,489)	(14,218)	(5,949)	(8,224)
Net loss from derivatives hedging servicing rights	(50,837)	(21,553)	(314,557)	(94,158)
Changes in fair value of servicing rights, net	$ (38,479)	$ (138,462)	$ (140,370)	$ (327,194)

SERVICING RIGHTS, AT FAIR VAL_8

SERVICING RIGHTS, AT FAIR VALUE - Servicing Rights Sensitivity Analysis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Transfers and Servicing [Abstract]
Fair Value of Servicing Rights, net	$ 2,013,269	$ 1,999,402
Discount rate, increase 1%	(81,235)	(85,066)
Discount rate, increase 2%	(156,903)	(163,255)
Cost of servicing. increase 10%	(18,990)	(20,843)
Cost of servicing. increase 20%	(38,066)	(41,727)
Prepayment speed, increase 10%	(17,625)	(76,532)
Prepayment speed, increase 20%	$ (35,139)	$ (148,556)

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Outstanding Derivative Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Fair Value, Asset	$ 316,647	$ 194,665
Fair Value, Liability	149,837	37,797
Interest rate lock commitments
Derivative [Line Items]
Notional, Assets	1,645,122	11,530,721
Notional, Liabilities	3,171,270	1,125,911
Fair Value, Asset	20,910	184,383
Fair Value, Liability	85,628	3,763
Forward sale contracts
Derivative [Line Items]
Notional, Assets	20,523,121	19,482,705
Notional, Liabilities	896,425	13,171,462
Fair Value, Asset	295,737	5,358
Fair Value, Liability	38,086	2,964
Put options on treasuries
Derivative [Line Items]
Notional, Assets	0	0
Notional, Liabilities	1,725	16,980
Fair Value, Asset	0	0
Fair Value, Liability	6,643	31,070
Interest rate swap futures
Derivative [Line Items]
Notional, Assets	0	2,640
Notional, Liabilities	650	0
Fair Value, Asset	0	4,924
Fair Value, Liability	$ 19,480	$ 0

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Realized and Unrealized Gains on Derivatives (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]
Total realized and unrealized gains (losses) on derivative financial instruments	$ 101,026	$ (135,083)	$ 708,377	$ (39,606)
Interest rate lock commitments
Derivative Instruments, Gain (Loss) [Line Items]
Total realized and unrealized gains (losses) on derivative financial instruments	(122,323)	(73,871)	(245,338)	(387,835)
Gain on origination and sale of loans, net | Forward sale contracts
Derivative Instruments, Gain (Loss) [Line Items]
Total realized and unrealized gains (losses) on derivative financial instruments	259,360	(29,867)	1,221,817	477,215
Gain on origination and sale of loans, net | Interest rate swap futures
Derivative Instruments, Gain (Loss) [Line Items]
Total realized and unrealized gains (losses) on derivative financial instruments	2,279	(29,683)	(82,251)	(81,891)
Gain on origination and sale of loans, net | Put options
Derivative Instruments, Gain (Loss) [Line Items]
Total realized and unrealized gains (losses) on derivative financial instruments	12,547	19,891	128,706	47,063
Change in fair value of servicing rights, net | Forward sale contracts
Derivative Instruments, Gain (Loss) [Line Items]
Total realized and unrealized gains (losses) on derivative financial instruments	(16,293)	(5,838)	(113,920)	(84,842)
Change in fair value of servicing rights, net | Interest rate swap futures
Derivative Instruments, Gain (Loss) [Line Items]
Total realized and unrealized gains (losses) on derivative financial instruments	(31,598)	(14,033)	(197,177)	(6,855)
Change in fair value of servicing rights, net | Put options
Derivative Instruments, Gain (Loss) [Line Items]
Total realized and unrealized gains (losses) on derivative financial instruments	$ (2,946)	$ (1,682)	$ (3,460)	$ (2,461)

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Schedule of Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets [Roll Forward]
Goodwill				$ 40,736	$ 40,736
Other intangible assets				1,581	2,090
Goodwill and intangible assets				42,317	42,826
Amortization				(205)	(255)
Impairment loss, goodwill	$ 0	$ (40,700)	$ 0	(40,736)	0
Impairment loss, intangible assets		$ (1,400)		(1,376)
Impairment loss, goodwill and intangible assets				(42,112)
Goodwill	0		40,736	0	40,736
Other intangible assets	0		1,835	0	1,835
Goodwill and intangible assets	$ 0		$ 42,571	$ 0	$ 42,571

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment loss	$ 0	$ 40,700	$ 0	$ 40,736	$ 0
Impairment of intangible assets		$ 1,400		$ 1,376

VARIABLE INTEREST ENTITIES - Co

VARIABLE INTEREST ENTITIES - Consolidated VIEs (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Loans held for sale, at fair value	$ 2,692,820	$ 4,656,338	$ 8,136,817	$ 8,873,736	$ 9,120,653	$ 6,955,424
Restricted cash	160,926		201,025
Servicing rights, at fair value	2,030,026		2,006,712
Prepaid expenses and other assets	115,452		140,315
Total assets	7,378,536		11,812,313
Warehouse and other lines of credit	2,529,436		7,457,199
Debt obligations, net	2,283,704		1,628,208
Total liabilities	6,300,039		10,182,953
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Loans held for sale, at fair value	481,950		2,557,490
Restricted cash	21,634		100,494
Servicing rights, at fair value	527,059		400,678
Prepaid expenses and other assets	34,711		17,756
Total assets	1,065,354		3,076,418
Warehouse and other lines of credit	500,000		2,600,000
Total liabilities	847,091		2,829,203
Variable Interest Entity, Primary Beneficiary | MSR Facilities
Variable Interest Entity [Line Items]
Debt obligations, net	116,874		15,000
Variable Interest Entity, Primary Beneficiary | Servicing advance facilities
Variable Interest Entity [Line Items]
Debt obligations, net	30,677		15,070
Variable Interest Entity, Primary Beneficiary | Term Notes
Variable Interest Entity [Line Items]
Debt obligations, net	$ 199,540		$ 199,133

VARIABLE INTEREST ENTITIES - No

VARIABLE INTEREST ENTITIES - Nonconsolidated VIEs (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Retained interests at carrying value	$ 97,210	$ 72,874
Investments in joint ventures	19,938	18,553
Total assets	7,378,536	11,812,313
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Total assets	117,148	91,427
Maximum exposure to loss	117,148	91,427
Variable Interest Entity, Not Primary Beneficiary | Joint Venture
Variable Interest Entity [Line Items]
Investments in joint ventures	19,938	18,553
Maximum exposure to loss	19,938	18,553
Total assets in VIEs	17,605	20,783
Variable Interest Entity, Not Primary Beneficiary | Retained Interests
Variable Interest Entity [Line Items]
Retained interests at carrying value	97,210	72,874
Maximum exposure to loss	97,210	72,874
Total assets in VIEs	$ 2,340,730	$ 1,424,857

VARIABLE INTEREST ENTITIES - Ad

VARIABLE INTEREST ENTITIES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Variable Interest Entity [Line Items]
Total portfolio	$ 139,709,633		$ 139,709,633		$ 162,112,965
Loans 90 or more days delinquent or in foreclosure
Variable Interest Entity [Line Items]
Total portfolio	1,147,385		1,147,385		1,305,532
Variable Interest Entity, Not Primary Beneficiary | Joint Venture
Variable Interest Entity [Line Items]
Total assets in VIEs	17,605		17,605		20,783
Share in net earnings of joint ventures	4,600	$ 3,000	10,800	$ 8,100
Variable Interest Entity, Not Primary Beneficiary | Loans 90 or more days delinquent or in foreclosure
Variable Interest Entity [Line Items]
Total portfolio	1,600		1,600
Variable Interest Entity, Not Primary Beneficiary | Pledged as Collateral
Variable Interest Entity [Line Items]
Total assets in VIEs	$ 2,340,730		$ 2,340,730		$ 1,424,857

WAREHOUSE AND OTHER LINES OF _3

WAREHOUSE AND OTHER LINES OF CREDIT - Additional Information (Details) $ in Thousands		9 Months Ended
	Oct. 30, 2021	Sep. 30, 2022 USD ($) lineOfCredit	Dec. 31, 2021 USD ($)	Oct. 31, 2021 USD ($)	Apr. 30, 2021 USD ($)	Feb. 28, 2021 USD ($)	Dec. 31, 2020 USD ($)	Oct. 31, 2020 USD ($)
Line of Credit Facility [Line Items]
Number of lines of credit held | lineOfCredit		10
Restricted cash		$ 160,926	$ 201,025
Warehouse Agreement Borrowings
Line of Credit Facility [Line Items]
Restricted cash		$ 5,500	$ 8,000
Warehouse Agreement Borrowings | Minimum
Line of Credit Facility [Line Items]
Debt instrument, term		1 year
Warehouse Agreement Borrowings | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)		2.25%
Debt instrument, term		2 years
Warehouse Agreement Borrowings | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)		1.37%
Warehouse and Revolving Credit Facilities
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 5,700,000
Securitization Facilities
Line of Credit Facility [Line Items]
Debt instrument, term		3 years
Number of securitization facilities | lineOfCredit		1
Securitization Facilities | 2020-1 Securitization Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity								$ 600,000
Securitization Facilities | 2020-2 Securitization Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity							$ 500,000
Securitization Facilities | 2021-1 Securitization Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 500,000
Securitization Facilities | 2021-2 Securitization Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 500,000
Securitization Facilities | 2021-3 Securitization Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity				$ 500,000
Debt instrument, term	3 years

WAREHOUSE AND OTHER LINES OF _4

WAREHOUSE AND OTHER LINES OF CREDIT - Warehouse Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Outstanding Balance	$ 2,529,436	$ 7,457,199
Debt obligations, net	2,283,704	1,628,208
Finance Servicing Rights
Line of Credit Facility [Line Items]
Debt obligations, net	116,900
Warehouse and Revolving Credit Facilities
Line of Credit Facility [Line Items]
Committed Amount	1,400,000
Uncommitted Amount	4,300,000
Total Facility Amount	5,700,000
Outstanding Balance	2,529,436	7,457,199
Warehouse and Revolving Credit Facilities | Facility 1
Line of Credit Facility [Line Items]
Committed Amount	400,000
Uncommitted Amount	1,100,000
Total Facility Amount	1,500,000
Outstanding Balance	441,230	851,088
Warehouse and Revolving Credit Facilities | Facility 2
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	300,000
Total Facility Amount	300,000
Outstanding Balance	172,313	295,743
Warehouse and Revolving Credit Facilities | Facility 3
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	300,000
Total Facility Amount	300,000
Outstanding Balance	290,197	459,018
Warehouse and Revolving Credit Facilities | Facility 4
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	450,000
Total Facility Amount	450,000
Outstanding Balance	226,888	266,230
Warehouse and Revolving Credit Facilities | Facility 5
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	200,000
Total Facility Amount	200,000
Outstanding Balance	92	391
Warehouse and Revolving Credit Facilities | Facility 6
Line of Credit Facility [Line Items]
Committed Amount	100,000
Uncommitted Amount	500,000
Total Facility Amount	600,000
Outstanding Balance	310,042	583,449
Warehouse and Revolving Credit Facilities | Facility 7
Line of Credit Facility [Line Items]
Committed Amount	400,000
Uncommitted Amount	400,000
Total Facility Amount	800,000
Outstanding Balance	382,952	1,410,367
Warehouse and Revolving Credit Facilities | Facility 8
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	750,000
Total Facility Amount	750,000
Outstanding Balance	25,113	361,783
Warehouse and Revolving Credit Facilities | Facility 9
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	0
Total Facility Amount	0
Outstanding Balance	0	600,000
Warehouse and Revolving Credit Facilities | Facility 10
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	0
Total Facility Amount	0
Outstanding Balance	0	500,000
Warehouse and Revolving Credit Facilities | Facility 11
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	0
Total Facility Amount	0
Outstanding Balance	0	263,516
Warehouse and Revolving Credit Facilities | Facility 12
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	0
Total Facility Amount	0
Outstanding Balance	0	500,000
Warehouse and Revolving Credit Facilities | Facility 13
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	0
Total Facility Amount	0
Outstanding Balance	0	500,000
Warehouse and Revolving Credit Facilities | Facility 14
Line of Credit Facility [Line Items]
Committed Amount	0
Uncommitted Amount	300,000
Total Facility Amount	300,000
Outstanding Balance	180,609	365,614
Warehouse and Revolving Credit Facilities | Facility 15
Line of Credit Facility [Line Items]
Committed Amount	500,000
Uncommitted Amount	0
Total Facility Amount	500,000
Outstanding Balance	$ 500,000	$ 500,000

WAREHOUSE AND OTHER LINES OF _5

WAREHOUSE AND OTHER LINES OF CREDIT - Information on Warehouse Borrowings (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Line of Credit Facility [Line Items]
Loans held for sale, at fair value	$ 2,692,820		$ 2,692,820		$ 8,136,817
Warehouse and Revolving Credit Facilities
Line of Credit Facility [Line Items]
Maximum outstanding balance during the period	4,354,864	$ 9,078,257	7,672,559	$ 9,180,276
Average balance outstanding during the period	$ 3,417,252	$ 8,515,189	$ 4,868,397	$ 8,066,303
Weighted average interest rate during the period	4.18%	2.22%	2.89%	2.25%
Warehouse and Revolving Credit Facilities | Pledged as Collateral
Line of Credit Facility [Line Items]
Loans held for sale, at fair value	$ 2,566,330	$ 8,675,750	$ 2,566,330	$ 8,675,750

DEBT OBLIGATIONS - Information

DEBT OBLIGATIONS - Information on Outstanding Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt obligations, net	$ 2,283,704	$ 1,628,208
Secured debt obligations
Debt Instrument [Line Items]
Debt obligations, net	1,292,517	542,892
Secured debt obligations | Term Notes
Debt Instrument [Line Items]
Debt obligations, net	199,540	199,133
Secured debt obligations | MSR Facilities
Debt Instrument [Line Items]
Debt obligations, net	969,048	262,250
Secured debt obligations | Securities financing facilities
Debt Instrument [Line Items]
Debt obligations, net	93,252	66,439
Secured debt obligations | Servicing advance facilities
Debt Instrument [Line Items]
Debt obligations, net	30,677	15,070
Secured debt obligations | Revolving credit facility
Debt Instrument [Line Items]
Debt obligations, net	1,092,977	343,759
Unsecured debt obligations | Senior Notes
Debt Instrument [Line Items]
Debt obligations, net	$ 991,187	$ 1,085,316

DEBT OBLIGATIONS - Secured Cred

DEBT OBLIGATIONS - Secured Credit Facilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jan. 31, 2022	Dec. 31, 2021	Sep. 30, 2020	Aug. 31, 2017	Oct. 31, 2014
Debt Instrument [Line Items]
Servicing rights, at fair value	$ 2,030,026		$ 2,006,712
Debt obligations, net	2,283,704		1,628,208
Trading securities, at fair value	$ 97,210		72,874
Minimum
Debt Instrument [Line Items]
Advance rate	60%
Maximum
Debt Instrument [Line Items]
Advance rate	90%
Finance Servicing Rights
Debt Instrument [Line Items]
Debt obligations, net	$ 116,900
Pledged as Collateral
Debt Instrument [Line Items]
Servicing rights, at fair value	527,059		400,678
Pledged as Collateral | Variable Interest Entity, Not Primary Beneficiary
Debt Instrument [Line Items]
Trading securities, at fair value	97,210		72,874
Secured credit facilities
Debt Instrument [Line Items]
Debt obligations, net	1,292,517		542,892
Secured credit facilities | 2020-VF1 Notes | Advance Receivables Trust
Debt Instrument [Line Items]
Borrowing capacity				$ 100,000
Secured credit facilities | 2020-VF1 Notes | Advance Receivables Trust | Reimbursement For Advances Made
Debt Instrument [Line Items]
Outstanding balance	15,700
Secured credit facilities | GMSR VFN | Servicing Advance Reimbursement Amounts
Debt Instrument [Line Items]
Outstanding balance	15,100
Deferred financing costs	200
Secured credit facilities | GMSR VFN | Maximum
Debt Instrument [Line Items]
Face amount					$ 200,000
Secured credit facilities | Revolving credit facility
Debt Instrument [Line Items]
Borrowing capacity						$ 25,000
Outstanding balance	205,500
Available borrowing capacity	268,000
Debt obligations, net	1,092,977		343,759
Secured credit facilities | Revolving credit facility | Pledged as Collateral
Debt Instrument [Line Items]
Servicing rights, at fair value	289,600
Secured credit facilities | Third Secured Credit Facility
Debt Instrument [Line Items]
Borrowing capacity			300,000
Servicing rights, at fair value	526,600
Outstanding balance	300,000
Line of credit facility, option to increase In borrowing capacity			500,000
Deferred financing costs	200
Secured credit facilities | Fourth Secured Credit Facility
Debt Instrument [Line Items]
Borrowing capacity		$ 500,000
Servicing rights, at fair value	621,400
Outstanding balance	348,000
Deferred financing costs	1,100
Secured credit facilities | Securities financing facilities
Debt Instrument [Line Items]
Debt obligations, net	$ 93,252		$ 66,439

DEBT OBLIGATIONS - Term Notes (

DEBT OBLIGATIONS - Term Notes (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Servicing rights, at fair value	$ 2,030,026	$ 2,006,712
Secured credit facilities | Term Notes
Debt Instrument [Line Items]
Deferred financing costs	500
Long-term Debt, Gross	200,000
Pledged as Collateral
Debt Instrument [Line Items]
Servicing rights, at fair value	$ 527,059	$ 400,678

DEBT OBLIGATIONS - Senior Notes

DEBT OBLIGATIONS - Senior Notes (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Oct. 31, 2020
Debt Instrument [Line Items]
Outstanding balance			$ 2,283,704		$ 1,628,208
Gain (loss) on extinguishment of debt			10,528	$ 0
Unsecured term loan | 6.50% Senior Unsecured Notes Due 2025
Debt Instrument [Line Items]
Face amount						$ 500,000
Stated interest rate						6.50%
Outstanding balance			500,000
Deferred financing costs			5,500
Unsecured term loan | 6.125% Senior Unsecured Notes Due 2028
Debt Instrument [Line Items]
Face amount	$ 600,000
Stated interest rate	6.125%
Redemption price, percentage	100%
Outstanding balance			502,500
Deferred financing costs			$ 5,800
Extinguishment of debt, amount		$ 97,500
Extinguishment of debt, purchase price, percentage of par		87.90%
Gain (loss) on extinguishment of debt		$ 10,500
Unsecured term loan | 6.125% Senior Unsecured Notes Due 2028 | Any time prior to April 1, 2024
Debt Instrument [Line Items]
Redemption price, percentage	106.125%
Percentage of principal amount to be redeemed	40%

DEBT OBLIGATIONS - Interest Exp

DEBT OBLIGATIONS - Interest Expense (Details) - 30-Day or 90-Day LIBOR	9 Months Ended
	Sep. 30, 2022
Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.70%
Maximum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	3.50%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Deferred tax asset before valuation allowance	$ 100,000	$ 400,000
Deferred tax liability	$ 135,200,000	$ 193,400,000
Combined federal and state rate, percent	26%	26%
Deferred tax asset, valuation allowance	$ 0
TRA liability	$ 47,800,000	$ 32,900,000

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Related Party Transaction [Line Items]
Personnel expense	$ 218,819	$ 449,152	$ 861,382	$ 1,523,012
Shareholder
Related Party Transaction [Line Items]
Management fees				200
Personnel expense		$ 100		$ 300

RELATED PARTY TRANSACTIONS - Sc

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - Joint Venture - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Loan processing and administrative services fee income	$ 4,876	$ 3,650	$ 12,754	$ 10,757
Loan origination broker fees expense	31,917	$ 22,749	81,843	$ 63,457
Amounts (payable) receivable from joint ventures	$ (8,136)		$ (8,136)		$ 1,855

EQUITY - Additional Information

EQUITY - Additional Information (Details) $ in Thousands	Feb. 12, 2021	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Equity [Abstract]
Stock, exchange ratio	1
Noncontrolling interest		$ 578,874	$ 1,105,803

EQUITY - Summary of Ownership (

EQUITY - Summary of Ownership (Details) - LD Holdings	Sep. 30, 2022 shares
Noncontrolling Interest [Line Items]
Holdco Units (in shares)	314,133,276
Ownership Percentage	100%
loanDepot, Inc.
Noncontrolling Interest [Line Items]
Holdco Units (in shares)	165,002,738
Ownership Percentage	52.53%
Continuing LLC Members
Noncontrolling Interest [Line Items]
Holdco Units (in shares)	149,130,538
Ownership Percentage	47.47%

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		8 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Basic earnings per share:
Net loss attributable to loanDepot, Inc.	$ (60,081)	$ 51,475		$ (195,750)	$ 104,911
Weighted average shares - basic (in shares)	162,464,369	130,297,565		151,803,928	127,941,331
Earnings per share - Basic (in usd per share)	$ (0.37)	$ 0.40		$ (1.29)	$ 0.82
Diluted income per share:
Net loss allocated to common stockholders - diluted	$ (60,081)	$ 51,475		$ (195,751)	$ 104,911
Weighted average shares - diluted (in shares)	162,464,369	130,297,565		151,803,928	127,941,331
Earnings per share - Diluted (in usd per share)	$ (0.37)	$ 0.40		$ (1.29)	$ 0.82
Class B
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common stock, shares, outstanding (in shares)	0	0	0	0	0
Class A
Basic earnings per share:
Net loss attributable to loanDepot, Inc.	$ (24,200)	$ 6,052		$ (70,421)	$ 9,233
Weighted average shares - basic (in shares)	65,437,698	15,318,921		54,611,035	11,259,896
Earnings per share - Basic (in usd per share)	$ (0.37)	$ 0.40		$ (1.29)	$ 0.82
Diluted income per share:
Net loss allocated to common stockholders - diluted	$ (24,200)	$ 6,052		$ (70,421)	$ 9,233
Weighted average shares - diluted (in shares)	65,437,698	15,318,921		54,611,035	11,259,896
Earnings per share - Diluted (in usd per share)	$ (0.37)	$ 0.40		$ (1.29)	$ 0.82
Class A | RSUs
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)	14,869,764	1,405,281	1,008,758	12,907,024
Class D
Basic earnings per share:
Net loss attributable to loanDepot, Inc.	$ (35,881)	$ 45,423		$ (125,330)	$ 95,678
Weighted average shares - basic (in shares)	97,026,671	114,978,644		97,192,893	116,681,435
Earnings per share - Basic (in usd per share)	$ (0.37)	$ 0.40		$ (1.29)	$ 0.82
Diluted income per share:
Net loss allocated to common stockholders - diluted	$ (35,881)	$ 45,423		$ (125,330)	$ 95,678
Weighted average shares - diluted (in shares)	97,026,671	114,978,644		97,192,893	116,681,435
Earnings per share - Diluted (in usd per share)	$ (0.37)	$ 0.40		$ (1.29)	$ 0.82
Class C | Common shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities (in shares)	156,677,534	191,579,524	195,111,599	167,796,888

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Other Commitments [Line Items]
Customer escrow balance	$ 8,000		$ 21,100
Financing receivable, allowance for credit loss	$ 68,926	$ 85,873	29,877	$ 26,988	$ 26,626	$ 33,591
Percent of cash tax savings paid	85%
TRA liability	$ 47,800		32,900
MSR Facilities
Other Commitments [Line Items]
Financing receivable, allowance for credit loss	6,500		400
Commitments to Extend Credit
Other Commitments [Line Items]
Commitments to originate loans	4,800,000		$ 12,700,000
Employment Litigation
Other Commitments [Line Items]
Loss contingency, damages sought	$ 75,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Loan Loss Obligation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 85,873	$ 26,626	$ 29,877	$ 33,591
Provision for loan loss obligations	12,932	2,456	108,550	2,723
Charge-offs	(29,879)	(2,094)	(69,501)	(9,326)
Balance at end of period	$ 68,926	$ 26,988	$ 68,926	$ 26,988

REGULATORY CAPITAL AND LIQUID_2

REGULATORY CAPITAL AND LIQUIDITY REQUIREMENTS (Details) $ in Millions	Sep. 30, 2022 USD ($)
Mortgage Banking [Abstract]
Minimum adjusted net worth balance requirement	$ 125.3

Uncategorized Items - ldi-20220

Label	Element	Value
Stock Vested During Period, Value	ldi_StockVestedDuringPeriodValue	$ (12,844,000)
Distributions For State Taxes	ldi_DistributionsForStateTaxes	160,617,000
Distributions For State Taxes	ldi_DistributionsForStateTaxes	44,427,000
Adjustments To Additional Paid In Capital, Tax Adjustments	ldi_AdjustmentsToAdditionalPaidInCapitalTaxAdjustments	(201,653,000)
Stock Issued During Period, Value, Reorganization	ldi_StockIssuedDuringPeriodValueReorganization	0
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	64,011,000
Over-Allotment Option [Member]
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	0
IPO [Member]
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	0
Treasury Stock, Common [Member]
Stock Vested During Period, Value	ldi_StockVestedDuringPeriodValue	(12,844,000)
Retained Earnings [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	104,911,000
Distributions For State Taxes	ldi_DistributionsForStateTaxes	18,977,000
Noncontrolling Interest [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	294,598,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	208,905,000
Distributions For State Taxes	ldi_DistributionsForStateTaxes	160,617,000
Distributions For State Taxes	ldi_DistributionsForStateTaxes	25,450,000
Stock Issued During Period, Value, Reorganization	ldi_StockIssuedDuringPeriodValueReorganization	(740,934,000)
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	37,506,000
Additional Paid-in Capital [Member]
Stock Vested During Period, Value	ldi_StockVestedDuringPeriodValue	(6,000)
Adjustments To Additional Paid In Capital, Tax Adjustments	ldi_AdjustmentsToAdditionalPaidInCapitalTaxAdjustments	(201,653,000)
Stock Issued During Period, Value, Reorganization	ldi_StockIssuedDuringPeriodValueReorganization	740,629,000
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	26,505,000
Common Class D [Member] | Common Stock [Member]
Stock Vested During Period, Value	ldi_StockVestedDuringPeriodValue	(4,000)
Stock Issued During Period, Value, Reorganization	ldi_StockIssuedDuringPeriodValueReorganization	$ 121,000
Stock Vested During Period, Shares	ldi_StockVestedDuringPeriodShares	(4,715,556)
Stock Issued During Period, Shares, Reorganization	ldi_StockIssuedDuringPeriodSharesReorganization	121,368,600
Common Class D [Member] | Common Stock [Member] | Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	(218,400)
Common Class D [Member] | Common Stock [Member] | IPO [Member]
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	(1,456,000)
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ (2,000)
Common Class C [Member]
Dividends	us-gaap_Dividends	152,908,000
Common Class C [Member] | Common Stock [Member]
Stock Vested During Period, Value	ldi_StockVestedDuringPeriodValue	(3,000)
Stock Issued During Period, Value, Reorganization	ldi_StockIssuedDuringPeriodValueReorganization	$ 182,000
Stock Vested During Period, Shares	ldi_StockVestedDuringPeriodShares	(3,367,587)
Stock Issued During Period, Shares, Reorganization	ldi_StockIssuedDuringPeriodSharesReorganization	181,789,329
Common Class C [Member] | Common Stock [Member] | Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	(359,100)
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ (1,000)
Common Class C [Member] | Common Stock [Member] | IPO [Member]
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	(2,394,000)
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ (2,000)
Common Class C [Member] | Retained Earnings [Member]
Dividends	us-gaap_Dividends	63,023,000
Common Class C [Member] | Noncontrolling Interest [Member]
Dividends	us-gaap_Dividends	89,885,000
Class X Common Unit [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	338,000
Class X Common Unit [Member] | Noncontrolling Interest [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	338,000
Class A And D Common Stock [Member]
Dividends	us-gaap_Dividends	98,763,000
Class A And D Common Stock [Member] | Retained Earnings [Member]
Dividends	us-gaap_Dividends	40,730,000
Class A And D Common Stock [Member] | Noncontrolling Interest [Member]
Dividends	us-gaap_Dividends	58,033,000
Common Class A [Member] | Common Stock [Member]
Stock Vested During Period, Value	ldi_StockVestedDuringPeriodValue	13,000
Stock Issued During Period, Value, Reorganization	ldi_StockIssuedDuringPeriodValueReorganization	$ 2,000
Stock Vested During Period, Shares	ldi_StockVestedDuringPeriodShares	11,341,027
Stock Issued During Period, Shares, Reorganization	ldi_StockIssuedDuringPeriodSharesReorganization	2,215,687
Common Class A [Member] | Common Stock [Member] | Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	577,500
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ 1,000
Common Class A [Member] | Common Stock [Member] | IPO [Member]
Stock Issued During Period, Shares, New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	3,850,000
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ 4,000