Onity is a mortgage servicing and origination company that originates, purchases, and sells residential mortgage loans to government-sponsored enterprises and Ginnie Mae, while also servicing mortgage loans and managing mortgage servicing rights for institutional clients and investors. The company generates revenue through loan origination fees, monthly servicing fees collected from borrowers and investors, float income from loan advances, and monetization of mortgage servicing rights through retention and hedging strategies. Onity serves residential mortgage borrowers and institutional investors across the United States, maintaining a geographically diversified servicing portfolio while depending on strong relationships with GSEs, Ginnie Mae, and significant subservicing clients to sustain its liquidity needs and business operations.