XML 69 R47.htm IDEA: XBRL DOCUMENT
v3.23.1

Loans - Schedule of Transferred Loans with Continued Involvement but Not Recorded on Consolidated Balance Sheet and Cash Flows Received (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |
Contractually Specified Servicing Fee Income, Statement Of Income Or Comprehensive Income, Extensible Enumeration, Not Disclosed Flag | Servicing fees collected |  |
Variable Interest Entity, Not Primary Beneficiary |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |
Total loans serviced | $ 15,176,905 |  | $ 16,123,132
Servicing fees collected | 19,543 | $ 20,441 |
Charge-offs, net of recoveries | 66,595 | 25,358 |
Loans in delinquency | Variable Interest Entity, Not Primary Beneficiary |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |
Total loans serviced | 251,402 |  | 268,507
Personal loans | Variable Interest Entity, Not Primary Beneficiary |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |
Total loans serviced | 2,884,653 |  | 3,402,795
Servicing fees collected | 7,193 | 8,637 |
Charge-offs, net of recoveries | 57,442 | 17,138 |
Personal loans | Loans in delinquency | Variable Interest Entity, Not Primary Beneficiary |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |
Total loans serviced | 130,475 |  | 136,179
Student Loans | Variable Interest Entity, Not Primary Beneficiary |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |
Total loans serviced | 7,173,819 |  | 7,586,031
Servicing fees collected | 9,190 | 9,168 |
Charge-offs, net of recoveries | 9,153 | 8,220 |
Student Loans | Loans in delinquency | Variable Interest Entity, Not Primary Beneficiary |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |
Total loans serviced | 105,250 |  | 115,818
Home Loans | Variable Interest Entity, Not Primary Beneficiary |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |
Total loans serviced | 5,118,433 |  | 5,134,306
Servicing fees collected | 3,160 | 2,636 |
Charge-offs, net of recoveries | 0 | $ 0 |
Home Loans | Loans in delinquency | Variable Interest Entity, Not Primary Beneficiary |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |
Total loans serviced | $ 15,677 |  | $ 16,510

X
- Definition Contractually Specified Servicing Fee Income, Statement Of Income Or Comprehensive Income, Extensible Enumeration, Not Disclosed Flag + References No definition available. + Details
Name: | sofi_ContractuallySpecifiedServicingFeeIncomeStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
Namespace Prefix: | sofi_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Principal amount of transferred financial assets in which the transferor has continuing involvement with the assets underlying the transaction. Continuing involvement includes, but is not limited to, servicing, recourse, and restrictions on transferor's interests in transferred financial assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719 + Details
Name: | us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition All amounts that, per contract, are due to the servicer in exchange for servicing the financial asset and would no longer be received by a servicer if the beneficial owners of the serviced assets (or their trustees or agents) were to exercise their actual or potential authority under the contract to shift the servicing to another servicer. Depending on the servicing contract, those fees may include some or all of the difference between the interest rate collected on the asset being serviced and the rate to be paid to the beneficial owners of the asset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=128311188&loc=d3e122596-111746 + Details
Name: | us-gaap_ContractuallySpecifiedServicingFeesAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Net credit losses are charge-offs and are based on total loans outstanding during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (e)(5) -URI https://asc.fasb.org/extlink&oid=121570589&loc=d3e107314-111719 + Details
Name: | us-gaap_DerecognizedAssetsSecuritizedOrAssetbackedFinancingArrangementAssetsAndAnyOtherFinancialAssetsManagedTogetherNetCreditLossesDuringPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_QualitativeAndQuantitativeInformationTransferorsContinuingInvolvementTransferredFinancialAssetsByTransferOrTransfereeAxis=us-gaap_VariableInterestEntityNotPrimaryBeneficiaryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | sofi_LoanStatusAxis=sofi_LoansInDelinquencyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=sofi_PersonalLoanPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=sofi_StudentLoanPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=sofi_HomeLoanPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |