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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Summary of Real Estate Assets

A summary of our real estate assets is as follows (dollars in thousands):

			December 31,
			2021						2020
Real estate under development, current (included in other current assets)			$	96,237					$	55,072
Real estate and other assets held for sale (included in other current assets)			142						3,710
Real estate under development			326,416						277,630
Real estate held for investment (included in other assets, net)			4,447						3,795
Total real estate			$	427,242					$	340,207

Schedule of Loan Servicing Rights Recognized

The amount of MSRs recognized during the years ended December 31, 2021 and 2020 was as follows (dollars in thousands):

			Year Ended December 31,
			2021						2020
Beginning balance, mortgage servicing rights			$	556,931					$	483,492
Mortgage servicing rights recognized			193,835						207,827
Mortgage servicing rights sold			—						(122)
Amortization expense			(172,250)						(134,266)
Ending balance, mortgage servicing rights			$	578,516					$	556,931

Schedule of Assumptions Used in Measuring Fair Value of Servicing Assets

The key assumptions used during the years ended December 31, 2021, 2020 and 2019 in measuring fair value were as follows:

			Year Ended December 31,
			2021						2020						2019
Discount rate			12.62		%				11.73		%				10.12		%
Conditional prepayment rate			9.78		%				9.80		%				10.34		%

Schedule of Prior Period Adjustments

Accordingly, December 31, 2020, as the comparative period in the December 31, 2021 financial statements, has been corrected in the Consolidated Statements of Cash Flows as described below (dollars in thousands):

						Year Ended December 31, 2020
						As Previously Reported						Adjustments						As Corrected
Net cash used in investing activities						$	(341,585)					$	(402,500)					$	(744,085)
Net cash used in financing activities						$	(625,256)					$	402,500					$	(222,756)

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