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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 1,036,608 $ 2,777,338
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,042 15,304
Provision for deferred income taxes 1,786 38,457
Origination of mortgage servicing rights (796,616) (1,173,164)
Change in fair value of MSRs, net (478,655) (245,921)
Gain on sale of loans excluding fair value of MSRs, net (687,170) (2,379,278)
Disbursements of mortgage loans held for sale (54,173,353) (104,103,499)
Proceeds from sale of loans held for sale 63,189,908 110,280,681
Share-based compensation expense 55,593 42,072
Change in assets and liabilities    
Due from affiliates (1,044) 10,272
Other assets (37,034) 132,324
Accounts payable 17,316 45,499
Due to affiliates (4,168) (302)
Premium recapture and indemnification losses paid (515) 1,399
Other liabilities 628,602 832,332
Total adjustments 7,735,692 3,496,176
Net cash provided by operating activities 8,772,300 6,273,514
Investing activities    
Proceeds from sale of MSRs 253,946 10,204
Net purchase of MSRs (15,581) 0
Decrease (increase) in mortgage loans held for investment 7,107  
Decrease (increase) in mortgage loans held for investment   (12,462)
Purchase and other additions of property and equipment, net of disposals (26,742) (36,633)
Net cash provided by (used in) investing activities 218,730 (38,891)
Financing activities    
Net payments on funding facilities (6,281,985) (3,289,901)
Net payments on lines of credit (75,000) 0
Net (payments) borrowings on early buy out facility (198,617)  
Net (payments) borrowings on early buy out facility   305,446
Net borrowings on notes payable from unconsolidated affiliates 174 175
Proceeds from MSRs financing liability 0 11,704
Stock issuance 11,575 0
Share repurchase (100,162) 0
Taxes withheld on employees' restricted share award vesting (1,297) 0
Distributions to other unit holders (members) of Holdings, net (2,170,216) (2,375,904)
Net cash used in financing activities (8,815,528) (5,348,480)
Effects of exchange rate changes on cash and cash equivalents 589 307
Net increase in cash and cash equivalents and restricted cash 176,091 886,450
Cash and cash equivalents and restricted cash, beginning of period 2,211,597 2,054,103
Cash and cash equivalents and restricted cash, end of period 2,387,688 2,940,553
Non-cash activities    
Loans transferred to other real estate owned 435 578
Supplemental disclosures    
Cash paid for interest on related party borrowings $ 1,231 $ 1,460