SoFi Technologies (SOFI) Mortgage Banking (2020 - 2023)

SoFi Technologies' Mortgage Banking history runs 4 years deep, the most recent figure standing at -$6.3 million for Q3 2023.

• In Q3 2023, Mortgage Banking rose 28.2% year-over-year to -$6.3 million; the TTM figure through Sep 2023 stood at -$30.6 million (up 23.53% YoY), while the FY2022 annual figure was -$40.0 million, down 169.35% from the prior year.
• Mortgage Banking was -$6.3 million for Q3 2023 at SoFi Technologies, up from -$12.9 million in the prior quarter.
• In the past five years, Mortgage Banking ranged from a high of $12.8 million in Q3 2020 to a low of -$12.9 million in Q2 2023.
• Historically, Mortgage Banking has averaged -$4.6 million across 4 years, with a median of -$6.8 million in 2020.
• The sharpest annual moves came in 2022 and 2023: Mortgage Banking slumped 45042.31% in 2022, then surged 71.84% in 2023.
• A 4-year view of Mortgage Banking shows it stood at -$7.2 million in 2020, then fell by 13.8% to -$8.2 million in 2021, then grew by 0.1% to -$8.2 million in 2022, then climbed by 23.58% to -$6.3 million in 2023.
• The last three Mortgage Banking figures came in at -$6.3 million (Q3 2023), -$12.9 million (Q2 2023), and -$3.2 million (Q1 2023), per Business Quant data.