XML 75 R52.htm IDEA: XBRL DOCUMENT v3.24.3

Securitizations and Variable Interest Entities - Schedule of Cash Flows Related to Transfers Accounted for as Sales (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Transfers and Servicing [Abstract]
Proceeds received from securitizations	$ 4,712.9	$ 4,619.0	$ 11,521.0	$ 9,233.9
Servicing fees collected	35.5	31.0	114.0	86.2
Purchases of previously transferred assets, net of claims reimbursed	(1.4)	(4.0)	(7.6)	(11.1)
Cash flows between transferor and transferee proceeds and payment related to transfers accounted for sales	$ 4,747.1	$ 4,646.0	$ 11,627.4	$ 9,309.0

X

- Definition

Cash flows between transferor and transferee, proceeds and payment related to transfers accounted for sales.

+ References

No definition available.

+ Details

Name:	onit_CashFlowsBetweenTransferorAndTransfereeProceedsAndPaymentRelatedToTransfersAccountedForSales
Namespace Prefix:	onit_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

Cash Flows between a transferor and a transferee attributable to purchases of previously transferred financial assets (or its underlying collateral) related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481326/860-20-50-3

+ Details

Name:	us-gaap_CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Cash Flows between a transferee and a transferor attributable to servicing fees related to a securitization, asset-backed financing arrangement, or similar transfer in which the transferor has continuing involvement with the transferred financial assets underlying the transaction (including, but not limited to, servicing, recourse, and restrictions on transferor's interests in the transferred financial assets).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 860
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481326/860-20-50-3

+ Details

Name:	us-gaap_CashFlowsBetweenTransfereeAndTransferorServicingFees
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Definition

The cash inflow from securitizing loans held with the intention to resell in the near future.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 16
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-16

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-21

+ Details

Name:	us-gaap_ProceedsFromSecuritizationsOfLoansHeldForSale
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TransfersAndServicingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration