Introduction to Mortgage Servicing Examinations Training - March 2023

Mortgage, LLC Consolidated Statements of Income (Dollars in Thousands)

Years Ended December 31, 2021 2020

Revenue Gain on sale of loans: Gain on sale of loans excluding fair value of MSRs, net .............................. $ Fair value of originated MSRs ...................................................................... Gain on sale of loans, net ................................................................................ $ Loan servicing income (loss): Servicing fee income ..................................................................................... $ Change in fair value of MSRs, net ................................................................ Loan servicing income (loss), net ................................................................... $ Interest income: Interest income .............................................................................................. $ Interest expense on funding facilities ............................................................ Interest income, net ......................................................................................... $ Expenses Salaries, commissions and team member benefits ........................................ $ General and administrative expenses ............................................................ Marketing and advertising expenses ............................................................. Depreciation and amortization ...................................................................... Interest and amortization expense on non-funding debt ............................... Other expenses .............................................................................................. Total expenses ................................................................................................ $ Income before income taxes ......................................................................... Provision for income taxes ............................................................................ Net income ........................................................................................................ $ Other income ................................................................................................... $ Total revenue, net ............................................................................................ $

6,576,250 $

11,941,265 3,124,659 15,065,924

3,864,359

10,440,609 $

1,323,171 $

1,070,463 (2,379,355) (1,308,892)

(689,432)

633,739 $

426,694 $

327,825

(261,092)

(245,516)

165,602 $

82,309

38,153 $

61,316

11,278,103 $

13,900,657

2,511,087 $

2,569,857

1,129,331 1,266,312

916,522 962,343 62,405 186,301 348,484

59,261 230,740 332,402

5,529,133 $

5,045,912 8,854,745

5,748,970

(3,676)

(22,664)

5,745,294 $

8,832,081

See accompanying Notes to the Consolidated Financial Statements.

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