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Organization, Consolidation and Presentation of Financial Statements (Tables)
 6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Gain Loss from Derivative Instruments
The following table presents the gains (losses) recognized on our derivative instruments during the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Derivative contracts to manage future loan sale execution risk(1)
$69,535 $(13,937)$230,142 $22,134 
Derivative contracts to manage securitization investment interest rate risk(1)(2)
2,749 — 9,068 — 
Interest rate lock commitments (“IRLCs”)(1)
4,159 642 (2,639)(7,860)
Interest rate caps(1)
(903)— (3,027)— 
Purchase price earn-out(1)
211 — 1,042 — 
Third-party warrants(3)
(244)— (169)— 
Total
$75,507 $(13,295)$234,417 $14,274 
_____________________
(1) Recorded within noninterest income—loan origination and sales in the unaudited condensed consolidated statements of operations and comprehensive income (loss).
(2) Represents derivative instruments utilized to manage interest rate risk associated with certain of our securitization investments.
(3) For the three and six months ended June 30, 2022, includes $(461) and $(603), respectively, recorded within noninterest income—other and $217 and $434, respectively, recorded within noninterest expense—general and administrative in the unaudited condensed consolidated statements of operations and comprehensive income (loss), the latter of which represents the amortization of a deferred liability recognized at the initial fair value of the third party warrants acquired of $964, as we are also a customer of the third party.
The following table presents information about derivative instruments subject to enforceable master netting arrangements as of the dates indicated:
June 30, 2022December 31, 2021
Gross Derivative AssetsGross Derivative LiabilitiesGross Derivative AssetsGross Derivative Liabilities
Interest rate swaps$— $(21,762)$5,444 $— 
Interest rate caps— (3,695)— (668)
Home loan pipeline hedges2,243 (259)117 (313)
Total, gross$2,243 $(25,716)$5,561 $(981)
Derivative netting(1,371)1,371 (117)117 
Total, net(1)
$872 $(24,345)$5,444 $(864)
_____________________
(1) As of June 30, 2022 and December 31, 2021, we had a cash collateral requirement of $21,762 and $299, respectively, related to these instruments.
Schedule of Derivative Notional Amounts Outstanding
The following table presents the notional amounts of derivative contracts outstanding as of the dates indicated:
June 30, 2022December 31, 2021
Derivative contracts to manage future loan sale execution risk:
Interest rate swaps$5,360,000 $4,210,000 
Home loan pipeline hedges326,000 421,000 
Interest rate caps405,000 405,000 
Interest rate swaps(1)
310,000 — 
IRLCs(2)
314,096 357,529 
Interest rate caps(3)
405,000 405,000 
Total
$7,120,096 $5,798,529 
_____________________
(1) Represents interest rate swaps utilized to manage interest rate risk associated with certain of our securitization investments.
(2) Amounts correspond with home loan funding commitments subject to IRLC agreements.
(3) We sold an interest rate cap that was subject to master netting to offset an interest rate cap purchase made in conjunction with a contract to manage future loan sale execution risk.

While the notional amounts of derivative instruments give an indication of the volume of our derivative activity, they do not necessarily represent amounts exchanged by parties and are not a direct measure of our financial exposure.
Schedule of Revenues
The table below presents revenue from contracts with customers disaggregated by type of service, which best depicts how the revenue and cash flows are affected by economic factors, and by the reportable segment to which each revenue stream relates. Revenues from contracts with customers are presented within noninterest income—technology products and solutions and noninterest income—other in the unaudited condensed consolidated statements of operations and comprehensive income (loss). There were no revenues from contracts with customers attributable to our Lending segment for any of the periods presented.
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Financial Services
Referrals
$8,805 $3,140 $16,573 $5,394 
Brokerage
4,156 7,054 8,886 11,666 
Payment network
3,007 1,473 7,293 2,675 
Equity capital markets services— 1,760 — 1,760 
Enterprise services
225 2,696 428 2,754 
Total
$16,193 $16,123 $33,180 $24,249 
Technology Platform
Technology services
$81,111 $44,950 $140,268 $90,609 
Software licenses558 — 1,258 — 
Payment network
558 379 736 821 
Total
$82,227 $45,329 $142,262 $91,430 
Total Revenue from Contracts with Customers
Technology services
$81,111 $44,950 $140,268 $90,609 
Software licenses558 — 1,258 — 
Referrals
8,805 3,140 16,573 5,394 
Brokerage
4,156 7,054 8,886 11,666 
Payment network
3,565 1,852 8,029 3,496 
Equity capital markets services— 1,760 — 1,760 
Enterprise services
225 2,696 428 2,754 
Total
$98,420 $61,452 $175,442 $115,679 
Schedule of Interest-Bearing Deposits
The following table presents a detail of interest-bearing deposits as of the date indicated:
June 30, 2022
Interest-bearing deposits:
Demand deposits(1)
$1,561,339 
Savings deposits(1)
1,049,650 
Time deposits18,474 
Total interest-bearing deposits$2,629,463 
_____________________
(1) For deposit liabilities with no defined maturities, the fair value of the liabilities reflects the amount payable on demand at the reporting date.
Schedule of Future Maturities of Time Deposits As of June 30, 2022, future maturities of our total time deposits were as follows:
Remainder of 2022$13,842 
20233,565 
2024654 
202530 
2026281 
Thereafter102 
Total$18,474