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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Consolidated net income $ 44,578,000 $ 14,238,000  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Gain on originated MSRs (48,138,000) (38,967,000)  
Depreciation and amortization 21,053,000 46,039,000  
Provision/(reversals) for/of credit losses on the financial guarantee liability (1,648,000) 14,480,000  
Provision for doubtful accounts 1,190,000 2,754,000  
Equity-based compensation and allocation of net income to limited partnership units and FPUs 14,296,000 12,914,000  
Employee loan amortization 17,322,000 14,468,000  
Non-cash changes in acquisition related earnouts 414,000 (12,813,000)  
Unrealized (gains) on loans held for sale (4,035,000) (36,061,000)  
Income from an equity method investment (1,030,000) 0  
Realized loss (gains) on marketable securities (1,950,000) 2,204,000  
Unrealized gains on marketable securities (399,000) 0  
Realized loss (gains) on non-marketable investments 0 16,837,000  
Change in valuation of derivative asset 5,602,000 (21,173,000)  
Loan originations—loans held for sale (2,164,595,000) (2,545,715,000)  
Loan sales—loans held for sale 2,434,241,000 2,057,684,000  
Other 885,000 2,971,000  
Consolidated net income, adjusted for non-cash and non-operating items 317,786,000 (470,140,000)  
Changes in operating assets and liabilities:      
Receivables, net (15,154,000) 62,000,000  
Loans, forgivable loans and other receivables from employees and partners (7,726,000) (105,274,000)  
Right of use asset 7,459,000 6,151,000  
Other assets 8,788,000 (34,404,000)  
Accrued compensation (24,230,000) (89,742,000)  
Right of use liability (7,481,000) (5,606,000)  
Accounts payable, accrued expenses and other liabilities 6,839,000 (1,124,000)  
Payables to related parties 4,679,000 (14,262,000)  
Net cash provided by (used in) operating activities 290,960,000 (652,401,000)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Payments for acquisitions, net of cash acquired (38,971,000) (5,850,000)  
Proceeds from the sale of marketable securities 31,631,000 34,591,000  
Purchases of fixed assets (2,443,000) (9,849,000)  
Purchase of MSRs 0 (92,000)  
Net cash (used in) provided by investing activities (9,783,000) 18,800,000  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from warehouse facilities 2,164,595,000 2,545,715,000  
Principal payments on warehouse facilities (2,408,764,000) (2,052,041,000)  
Proceeds from the sale of limited partnership interests 4,025,000 0  
Borrowing of debt 30,000,000 365,000,000  
Repayment of debt (30,000,000) 0  
Securities loaned (33,278,000) (36,735,000)  
Treasury stock repurchases (9,283,000) 0  
Earnings distributions to limited partnership interests and other noncontrolling interests (6,515,000) (36,749,000)  
Dividends to stockholders (1,841,000) (17,773,000)  
Payments on acquisition earn-outs (37,366,000) (1,759,000)  
Deferred financing costs 0 (2,340,000)  
Net cash (used in) provided by financing activities (328,427,000) 763,318,000  
Net increase in cash and cash equivalents and restricted cash (47,250,000) 129,717,000  
Cash and cash equivalents and restricted cash at beginning of period 258,399,000 221,872,000 $ 221,872,000
Cash and cash equivalents and restricted cash at end of period 211,149,000 351,589,000 $ 258,399,000
Cash paid during the period for:      
Interest 892,000 1,122,000  
Taxes 105,000 56,544,000  
Supplemental disclosure of non-cash operating, investing and financing activities:      
Right-of-use assets and liabilities $ 244,742,000 $ 12,445,000