v3.26.1
Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Key Operating Data for Business Segments
Key operating data for our segments for the periods ended:
Three months ended June 30, 2026
MortgageAll OtherTotal Consolidated Company
Revenues
Gain on sale of loans, net
$1,175 $30 $1,205 
Servicing fee income
1,061 5 1,066 
Change in fair value of MSRs, net
(613)(3)(616)
Interest income
540 43 583 
Other income
111 435 546 
Total revenue, net
$2,274 $510 $2,784 
Expenses
Salaries, commissions and team member benefits
442 178 
General and administrative expenses
172 23 
Marketing and advertising expenses
174 117 
Interest expense
225 6 
Other expenses
64 5 
Directly attributable expenses1,077 329 
Change in fair value of MSRs and related liabilities due to valuation assumptions (net of hedges)
(23)— 
Contribution margin$1,174 $181 
Three months ended June 30, 2025
MortgageAll OtherTotal Consolidated Company
Revenues
Gain on sale of loans, net
$794 $22 $816 
Servicing fee income
400 1 401 
Change in fair value of MSRs, net
(199)— (199)
Interest income
201 36 237 
Other income
73 123 196 
Total revenue, net
$1,269 $182 $1,451 
Expenses
Salaries, commissions and team member benefits
331 49 
General and administrative expenses
102 9 
Marketing and advertising expenses
230 46 
Interest expense
91 6 
Other expenses
45 2 
Directly attributable expenses799 112 
Change in fair value of MSRs and related liabilities due to valuation assumptions (net of hedges)
(20)— 
Contribution margin$450 $70 
Six months ended June 30, 2026MortgageAll OtherTotal Consolidated Company
Revenues
Gain on sale of loans, net
$2,523 $58 $2,581 
Servicing fee income
2,141 8 2,149 
Change in fair value of MSRs, net
(1,098)(3)(1,101)
Interest income
1,009 81 1,090 
Other income
221 785 1,006 
Total revenue, net
$4,796 $929 $5,725 
Expenses
Salaries, commissions and team member benefits
901 310 
General and administrative expenses
378 43 
Marketing and advertising expenses
370 266 
Interest expense
428 12 
Other expenses
143 9 
Directly attributable expenses2,220 640 
Change in fair value of MSRs and related liabilities due to valuation assumptions (net of hedges)
(142)— 
Contribution margin$2,434 $289 
Six months ended June 30, 2025MortgageAll OtherTotal Consolidated Company
Revenues
Gain on sale of loans, net
$1,550 $38 $1,588 
Servicing fee income
800 2 802 
Change in fair value of MSRs, net
(648)— (648)
Interest income
374 64 438 
Other income
130 243 373 
Total revenue, net
$2,206 $347 $2,553 
Expenses
Salaries, commissions and team member benefits
661 91 
General and administrative expenses
185 25 
Marketing and advertising expenses
446 106 
Interest expense
155 13 
Other expenses
83 4 
Directly attributable expenses1,530 239 
Change in fair value of MSRs and related liabilities due to valuation assumptions (net of hedges)
239 — 
Contribution margin$915 $108 
Schedule of Reconciliation of Segment Contribution Margin to Combined U.S. GAAP Income (Loss) Before Taxes
The following table represents a reconciliation of the Mortgage segment Contribution margin to consolidated U.S. GAAP Income (loss) before income taxes for the periods:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Mortgage Contribution margin$1,174 $450 $2,434 $915 
Reconciling items:
All Other Contribution margin181 70 289 108 
Revenue not allocated to segments:
Change in fair value of MSRs and related liabilities due to valuation assumptions (net of hedges)
23 20 142 (239)
Expenses not allocated to segments:
Salaries, commissions and team member benefits
430 243 918 481 
General and administrative expenses
373 176 682 338 
Interest expense
143 58 283 96 
Depreciation and amortization
145 27 291 54 
Other expenses
6 12 10 13 
Income (loss) before income taxes$281 $24 $681 $(198)