Enhanced Home Equity Loans

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Onity Group Inc.(ONIT) - 2025 Q1 - Earnings Call Presentation
2025-04-30 11:15
Financial Performance - Onity Group achieved an adjusted pre-tax income of $25 million in Q1 2025, compared to $15 million in Q1 2024[58] - The adjusted return on equity (ROE) reached 22% in Q1 2025, exceeding the full-year guidance of 16-18%[13, 81] - Book value per share increased to $58, up over $2 year-over-year[13, 36] - Servicing average UPB grew to $305 billion, an increase of $13 billion year-over-year[13] Business Growth and Strategy - Servicing additions totaled $17 billion, including $12 billion in MSR growth[13] - Originations volume increased by 53% year-over-year, surpassing the industry growth of 8%[28] - Consumer Direct funded volume increased 2.7x year-over-year[31] - The company launched enhanced home equity loans and a proprietary reverse mortgage product (EquityIQ)[29] Market Positioning and Outlook - The company expects the originations industry volume to increase by 17% in FY25 compared to FY24[17] - Onity is maintaining agility to evaluate all options to create value for shareholders[16] - The company confirms its full-year 2025 guidance, including an adjusted ROE of 16-18% and a 10+% increase in total servicing UPB[49]