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

SoFi Technologies (SOFI) has reported Mortgage Banking for 4 consecutive years, with -$6.3 million the latest figure, recorded in 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 came in at -$6.3 million for Q3 2023 at SoFi Technologies, up from -$12.9 million in the prior quarter.
• The five-year high for Mortgage Banking was $12.8 million in Q3 2020, with the low at -$12.9 million in Q2 2023.
• Average Mortgage Banking over 4 years is -$4.6 million, with a median of -$6.8 million recorded in 2020.
• Across the five-year window, Mortgage Banking tumbled 45042.31% in 2022 and surged 71.84% in 2023, its largest moves.
• Year by year, Mortgage Banking stood at -$7.2 million in 2020, then slipped by 13.8% to -$8.2 million in 2021, then gained by 0.1% to -$8.2 million in 2022, then rose by 23.58% to -$6.3 million in 2023.
• According to Business Quant data, Mortgage Banking over the past three periods registered -$6.3 million, -$12.9 million, and -$3.2 million for Q3 2023, Q2 2023, and Q1 2023 respectively.