XML 66 R49.htm IDEA: XBRL DOCUMENT
v3.23.3

Loans - Schedule of Whole Loan Sales (Details) - Whole loans - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Personal loans |  |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |
Cash | $ 15,098 | $ 773,005 | $ 66,571 | $ 2,954,723
Servicing assets recognized | 767 | 6,789 | 1,655 | 20,872
Repurchase liabilities recognized | (45) | (2,074) | (405) | (7,161)
Total consideration received | 15,820 | 777,720 | 67,821 | 2,968,434
Aggregate unpaid principal balance and accrued interest of loans sold | 15,098 | 753,259 | 65,420 | 2,864,351
Gain (loss) from loan sales | $ 722 | $ 24,461 | $ 2,401 | $ 104,083
Sale execution | 105.10% | 103.50% | 104.30% | 103.90%
Student Loans |  |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |
Cash | $ 0 | $ 77,089 | $ 98,624 | $ 883,859
Servicing assets recognized | 0 | 460 | 2,792 | 9,275
Repurchase liabilities recognized | 0 | (13) | (16) | (134)
Total consideration received | 0 | 77,536 | 101,400 | 893,000
Aggregate unpaid principal balance and accrued interest of loans sold | 0 | 74,311 | 99,916 | 881,922
Gain (loss) from loan sales | $ 0 | $ 3,225 | $ 1,484 | $ 11,078
Sale execution | 0.00% | 104.40% | 101.50% | 101.30%
Home Loans |  |  |  |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] |  |  |  |
Cash | $ 331,364 | $ 244,788 | $ 676,235 | $ 926,707
Servicing assets recognized | 3,376 | 3,432 | 7,133 | 12,152
Repurchase liabilities recognized | (468) | (269) | (1,315) | (1,004)
Total consideration received | 334,272 | 247,951 | 682,053 | 937,855
Aggregate unpaid principal balance and accrued interest of loans sold | 333,951 | 252,168 | 678,561 | 960,680
Gain (loss) from loan sales | $ 321 | $ (4,217) | $ 3,492 | $ (22,825)
Sale execution | 100.20% | 98.40% | 100.70% | 97.70%

X
- Definition Transfer of Financial Assets Accounted for as Sales, Aggregate Amount Derecognized + References No definition available. + Details
Name: | sofi_TransferOfFinancialAssetsAccountedForAsSalesAggregateAmountDerecognized
Namespace Prefix: | sofi_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Transfer of Financial Assets Accounted for as Sales, Fair Value of Cash Proceeds Received for Assets Derecognized, Amount + References No definition available. + Details
Name: | sofi_TransferOfFinancialAssetsAccountedForAsSalesFairValueOfCashProceedsReceivedForAssetsDerecognizedAmount
Namespace Prefix: | sofi_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Transfer of Financial Assets Accounted for as Sales, Fair Value of Derecognized Servicing Assets + References No definition available. + Details
Name: | sofi_TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedServicingAssets
Namespace Prefix: | sofi_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Transfer Of Financial Assets Accounted For As Sales, Sales Execution + References No definition available. + Details
Name: | sofi_TransferOfFinancialAssetsAccountedForAsSalesSalesExecution
Namespace Prefix: | sofi_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Transfers of Financial Assets Accounted for as Sale, Fair Value of Assets Obtained as Proceeds + References No definition available. + Details
Name: | sofi_TransfersOfFinancialAssetsAccountedForAsSaleFairValueOfAssetsObtainedAsProceeds
Namespace Prefix: | sofi_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Transfers of Financial Assets Accounted for as Sale, Initial Fair Value of Repurchase Liabilities Recognized + References No definition available. + Details
Name: | sofi_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfRepurchaseLiabilitiesRecognized
Namespace Prefix: | sofi_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-28 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13(h)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 + Details
Name: | us-gaap_GainLossOnSalesOfLoansNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481326/860-20-50-3 + Details
Name: | us-gaap_SecuritizationFinancialAssetForWhichTransferIsAccountedAsSaleLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=sofi_WholeLoansMember
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: |