Significant Sequential Improvement in Adjusted Net Income
Adjusted net income for Q3 2025 was $33 million or $1.33 per share, more than double from the same period last year, driven by increasing revenues across the business and stronger origination fee income.
Record-Breaking Securitization
Closed the largest proprietary securitization in company history in September 2025, with a nearly $2 billion issuance, enhancing liquidity and balance sheet flexibility.
Strong Origination and Submission Volumes
Funded volume reached $603 million and submission volume reached $887 million for Q3 2025, with reverse mortgages surpassing the entire 2024 production by the end of October 2025.
Strategic Partnership and Technological Advancements
Entered a strategic partnership with Better.com and advanced digital transformation efforts, resulting in a 32% increase in monthly submission volume and 206% increase in leads generated through e-mail nurture quarter-over-quarter.
Robust Adjusted EBITDA Growth
Generated $114 million in adjusted EBITDA for the first 9 months of 2025, marking a 171% improvement compared to the previous year.