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Business Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information

Financial information for our segments is as follows:

	Three Months Ended March 31, 2018
Results of Operations	Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
Revenue	$	226,096			$	29,195			$	4,966			$	—			$	260,257
Expenses (1)	171,095				20,296				15,110				—				206,501
Other income (expense):
Interest income	429				1,492				779				—				2,700
Interest expense	(34,517		)		(1,946		)		(14,347		)		—				(50,810		)
Gain on sale of mortgage servicing rights, net	958				—				—				—				958
Other	(1,387		)		325				(577		)		—				(1,639		)
Other expense, net	(34,517		)		(129		)		(14,145		)		—				(48,791		)
Income (loss) before income taxes	$	20,484			$	8,770			$	(24,289	)		$	—			$	4,965
	Three Months Ended March 31, 2017
Results of Operations	Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
Revenue	$	284,019			$	30,746			$	7,099			$	—			$	321,864
Expenses	216,913				29,332				30,138				—				276,383
Other income (expense):
Interest income	87				2,748				928				—				3,763
Interest expense	(67,351		)		(3,284		)		(13,427		)		—				(84,062		)
Gain on sale of mortgage servicing rights, net	287				—				—				—				287
Other	3,002				231				800				—				4,033
Other expense, net	(63,975		)		(305		)		(11,699		)		—				(75,979		)
Income (loss) before income taxes	$	3,131			$	1,109			$	(34,738	)		$	—			$	(30,498	)

Total Assets		Servicing				Lending				Corporate Items and Other				Corporate Eliminations				Business Segments Consolidated
March 31, 2018		$	2,938,827			$	5,131,232			$	393,259			$	—			$	8,463,318
December 31, 2017		$	3,033,243			$	4,945,456			$	424,465			$	—			$	8,403,164
March 31, 2017		$	3,157,083			$	4,248,844			$	457,217			$	—			$	7,863,144

Depreciation and Amortization Expense		Servicing				Lending				Corporate Items and Other				Business Segments Consolidated
Three months ended March 31, 2018
Depreciation expense		$	1,358			$	29			$	5,140			$	6,527
Amortization of debt discount		—				—				264				264
Amortization of debt issuance costs		—				—				656				656
Three months ended March 31, 2017
Depreciation expense		$	1,402			$	48			$	5,631			$	7,081
Amortization of mortgage servicing rights		12,643				72				—				12,715
Amortization of debt discount		—				—				271				271
Amortization of debt issuance costs		—				—				673				673

(1) Expenses in the Corporate Items and Other segment for the three months ended March 31, 2018 includes $5.6 million of severance expense attributable to headcount reductions in connection with our strategic initiatives to exit the ACS business and the forward lending correspondent and wholesale channels, as well as our overall efforts to reduce costs.

Depreciation and Amortization [Member]

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information

Depreciation and Amortization Expense		Servicing				Lending				Corporate Items and Other				Business Segments Consolidated
Three months ended March 31, 2018
Depreciation expense		$	1,358			$	29			$	5,140			$	6,527
Amortization of debt discount		—				—				264				264
Amortization of debt issuance costs		—				—				656				656
Three months ended March 31, 2017
Depreciation expense		$	1,402			$	48			$	5,631			$	7,081
Amortization of mortgage servicing rights		12,643				72				—				12,715
Amortization of debt discount		—				—				271				271
Amortization of debt issuance costs		—				—				673				673

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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- 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.

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