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- FINANCE OF AMERICA REPORTS THIRD QUARTER 2021 RESULTS - Delivered a strong quarter with meaningful growth across all segments – - Year to date revenue of $ 1.4 billion , up 7 % compared to 2020 - - Net income for the quarter of $ 50 million or $ 0.36 per basic share and $ 0.22 per fully diluted share- - Adjusted Net Income * of $ 75 million or $ 0.39 per fully diluted share - Irving , Texas ( November 8 , 2021 ) : Finance of America Companies Inc. , ( “ Finance of America " or the " Company " ) ( NYSE : FOA ) , a high growth , consumer and specialty lending business , reported financial results for the quarter ended September 30 , 2021 . Third Quarter 2021 Financial Highlights • ● • • Strong growth across segments generated quarterly revenues of $ 457 million , up 17 % compared to the second quarter Mortgage Originations grew net rate lock volume and revenue by 15 % and 8 % , respectively , compared to the prior quarter A second consecutive quarter of record funded volume and revenue in Reverse Originations delivered $ 69 million in pre - tax income , a 30 % increase compared to the prior quarter Record funded volume in Commercial Originations drove revenue and pre - tax income growth of 22 % and 100 % , respectively , compared to the prior quarter Record Lender Services revenue generated pre - tax income of $ 9 million , up 13 % , compared to the prior quarter • Net income for the quarter of $ 50 million or $ 0.36 per basic share and $ 0.22 per fully diluted share • Adjusted Net Income * totaled $ 75 million , an increase of 32 % compared to $ 57 million in the prior quarter • Adjusted diluted EPS * of $ 0.39 , up 30 % compared to the prior quarter * See the sections titled " Reconciliation to GAAP " and " Non - GAAP Financial Measures " for reconciliations to the most directly comparable GAAP measures and other important disclosures . " Finance of America delivered solid growth across all segments in the third quarter , demonstrating the power of our diversified platform " stated Patricia Cook , Chief Executive Officer . " We saw strong performance across all of our businesses , reinforcing our strategic goal of building a comprehensive consumer and specialty lender that is primed for growth . " " Our Reverse business , which serves a large , under - penetrated market , generated another consecutive quarter of record revenue and pre - tax income . Our Commercial and Lender Services segments also continued their recent growth trajectories . Strong demand for single family rental loans from both borrowers and investors helped drive volume and margin expansion . The build out of our new Home Improvement business is also progressing well , and we expect it to start contributing to the bottom line in 2022. " " We remain laser focused on building resilience into the Mortgage business and driving meaningful , sustained growth across our other specialty finance and lender services segments through further investments . Our unmatched product offering , distribution and capital markets capabilities allow us to capture substantial lifetime household value as we continue to migrate from a product to a customer - centric organization . " 1