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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net (loss) income $ (411,483) $ 1,036,608
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 30,685 21,042
(Benefit from) provision for deferred income taxes (8,505) 1,786
Origination of mortgage servicing rights (204,560) (796,616)
Change in fair value of MSRs, net 397,681 (478,655)
Gain on sale of loans excluding fair value of MSRs, net (265,003) (687,170)
Disbursements of mortgage loans held for sale (16,785,731) (54,173,353)
Proceeds from sale of loans held for sale 15,994,526 63,189,908
Share-based compensation expense 51,960 55,593
Change in assets and liabilities    
Due from affiliates 2,722 (1,044)
Other assets (61,435) (37,034)
Accounts payable 18,708 17,316
Due to affiliates (3,187) (4,168)
Premium recapture and indemnification losses paid (50,318) (515)
Other liabilities (31,753) 628,602
Total adjustments (914,210) 7,735,692
Net cash (used in) provided by operating activities (1,325,693) 8,772,300
Investing activities    
Proceeds from sale of MSRs 81,539 253,946
Net purchase of MSRs (3,285) (15,581)
Decrease in mortgage loans held for investment 3,190 7,107
Purchases of investment securities, available for sale (5,472) 0
Sales of investment securities, available for sale 6,479 0
Purchase and other additions of property and equipment, net of disposals (23,822) (26,742)
Net cash provided by investing activities 58,629 218,730
Financing activities    
Net borrowings (payments) on funding facilities 1,687,335  
Net borrowings (payments) on funding facilities   (6,281,985)
Net payments on lines of credit 0 (75,000)
Net payments on early buy out facility (249,051) (198,617)
Net borrowings on notes payable from unconsolidated affiliates 174 174
Stock issuance 6,122 11,575
Share repurchase 0 (100,162)
Taxes withheld on employees' restricted share award vesting (6,994) (1,297)
Distributions to other unit holders (members) of Holdings, net (1,938) (2,170,216)
Net cash provided by (used in) financing activities 1,435,648 (8,815,528)
Effects of exchange rate changes on cash and cash equivalents 7 589
Net increase in cash and cash equivalents and restricted cash 168,591 176,091
Cash and cash equivalents and restricted cash, beginning of period 789,099 2,211,597
Cash and cash equivalents and restricted cash, end of period 957,690 2,387,688
Non-cash activities    
Loans transferred to other real estate owned 726 435
Supplemental disclosures    
Cash paid for interest on related party borrowings $ 2,452 $ 1,231