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March 2 , 2021 FINANCE of AMERICA ™ Finance of America Reports Fourth Quarter and Full Year 2020 Results – Full Year Pre - Tax Income and Adjusted EBITDA Exceed Previously Increased Guidance - - Funded Volume Grew 7 % From Prior Quarter and 70 % in 2020 - - Investor Call Scheduled For Tuesday , March 2 , 2021 At 5:00 pm Eastern Time - IRVING , Texas -- ( BUSINESS WIRE ) -- Finance of America Companies , ( " Finance of America " ) which intends to merge in a business combination with Replay Acquisition Corp. ( NYSE : RPLA ) ( " Replay Acquisition " ) that will result in Finance of America becoming a publicly - listed company , reported fourth quarter and full year results for the period ended December 31 , 2020. Finance of America is a diversified , vertically integrated consumer lending platform operating in three lending segments : Mortgage Originations , Reverse Originations , Commercial Originations , and two non - lending segments : Lender Services and Portfolio Management . Fourth Quarter 2020 Highlights • Total funded volume grew 7 % to $ 9.77 billion , compared to $ 9.17 billion in the prior quarter • Total net rate lock volume came in at $ 7.86 billion , compared to $ 9.29 billion in the prior quarter • Total revenues were $ 539 million , compared to $ 605 million in the prior quarter • Pre - tax net income totaled $ 153 million , compared to $ 242 million in the prior quarter • Adjusted EBITDA * totaled $ 174 million , compared to $ 235 million in the prior quarter Full Year 2020 Highlights • Total funded volume increased 70 % to $ 32.63 billion , compared to $ 19.16 billion in 2019 • Total net rate lock volume grew 83 % to $ 30.16 billion , compared to $ 16.52 billion in 2019 • Total revenues rose 101 % to $ 1.80 billion , compared to $ 894 million in 2019 • Pre - tax net income grew 541 % to $ 500 million , compared to $ 78 million in 2019 • • Adjusted EBITDA * increased 381 % to $ 597 million , compared to $ 124 million in 2019 Adjusted EBITDA of $ 597 million exceeded high - end of previously increased guidance of $ 565 million * See reconciliation of Adjusted EBITDA to Net income before taxes . " Finance of America delivered on all fronts as strong fourth quarter results drove record full- year performance beating the high - end of our upwardly revised guidance , ” stated Patricia Cook , CEO of Finance of America . “ Our central tenet is to engage in businesses that