Finance of America Companies Inc.

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Thank you, and good afternoon, everyone, and welcome to Finance of America's fourth quarter and full year 2024 earnings call. With me today are Grant Fleming, Chief Executive Officer, Kristen Siefert, President, and Matt Engel, Chief Financial Officer. As a reminder, this call is being recorded, and you can find the earnings release and presentation on our investor relations website at ir.financeofamericacompany.com. In addition, we will refer to certain non-GAAP financial measures on this call. You can find reconciliations of non-GAAP to GAAP financial measures to the extent available without unreasonable efforts discussed on today's call in our earnings press release and presentation on the investor relations page of our website. I would like to remind everyone that comments on this conference call may be forward-looking statements within the meaning of the private security litigation reform act of 1995 regarding the company's expected operating and financial performance for future periods. These statements are based on the company's current expectations and are subject to the safe harbor statement for forward-looking statements that you will find in today's earnings release. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of risks or other factors, including those that are described in the risk factors section of Finance of America's Annual Report on Form 10-K for the year ended December 31st, 2023, filed with the SEC on March 15th, 2024. As such, risk factors may be amended and updated in our subsequent filings with the SEC. We are not undertaking any commitment to update these statements if conditions change. Please note, Today, we will be discussing interim period financials for our continuing operations, which are not. Now, I would like to turn the call over to Finance of America's Chief Executive Officer, Graham Fleming. Graham?

Thank you, Michael. Good afternoon, everyone, and thank you for joining us today. To begin, I would like to highlight the successful year we had in 2024. I will then turn things over to Kristen to share updates on the business, followed by a review of our financials from Matt. 2024 was a year of significant momentum for financing America. Throughout the year, we accomplished numerous strategic objectives that strengthened our balance sheet and enhanced the business, driving the company's return to profitability. Despite market uncertainty in 2024, we focused on what we could control to improve the fundamentals of the business. We integrated our retail platform, finalized our corporate bond exchange, completed our reverse stock split, rationalized corporate overhead, and increased our funding facilities. We believe these actions have positioned us well to execute our 2025 strategic objectives. For the year, we funded more than $1.9 billion in loans to help our customers, a 19% increase in volume year over year. Carrying this momentum into 25, we expect full year origination volume to be in the range of 2.4 to 2.7 billion, a 26 to 42% increase from 24. Turning to the income statement. In 2024, the company recognized positive results for gap net income of $40 million, adjusted net income of $14 million, and adjusted EBITDA of $60 million, reflecting continued operational improvements. These improvements are best represented by the $200 million increase in gap net income and the nearly $100 million increase in adjusted net income from 23 to 24. I'm pleased with our performance. which is a testament to the hard work and dedication of our team. Finance of America is making home equity a mainstream component of retirement planning, and we remain confident in our strategic direction and the long-term value of the business. For additional information, please refer to the presentation on our investor relations website, outlining our total investable market and investment opportunity. As we wrap up 2024, I want to thank our incredible team for their dedication and hard work, Because of their efforts, Financial America is well positioned for an exciting year ahead. In 25, we look forward to building our momentum, expanding our reach, and driving even greater value for our customers and stakeholders. Now I'll turn it over to Kristen for an update on our operations.