Discontinued — last reported Q3 '21
Underwriting fees — Total revenue from contracts with customers
SoFi Technologies, Inc. Underwriting fees — Total revenue from contracts with customers decreased by 83.6% to $288.00K in Q3 2021 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests higher volume in loan sales or successful securitization activity, while a decrease may indicate reduced market demand for the company's loan products or tighter credit market conditions.
Detailed definition
This metric represents the revenue generated from fees earned by acting as an underwriter for financial products, such a...
Peer comparison
Comparable to gain-on-sale margins or securitization fees reported by other fintech lenders and traditional mortgage banks that rely on secondary market sales.
sofi_segment_underwriting_fees_total_revenue_from_contracts_with_customersHistorical Data
| Q2 '21 | Q3 '21 | |
|---|---|---|
| Value | $1.76M | $288.00K |
| QoQ Change | — | -83.6% |
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Frequently Asked Questions
- What is SoFi Technologies, Inc.'s underwriting fees — total revenue from contracts with customers?
- SoFi Technologies, Inc. (SOFI) reported underwriting fees — total revenue from contracts with customers of $288.00K in Q3 2021.
- What does underwriting fees — total revenue from contracts with customers mean?
- Revenue earned from fees for facilitating the sale and securitization of financial products to investors.