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Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income (loss) $ 10,102,000 $ 992,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Change in fair value of financial instruments (includes $(4,335) to related parties for the three months ended March 31, 2020) 901,000 11,995,000
Stock-based compensation 8,622,000 1,965,000
Gain (loss) on loan servicing arrangements and sale of noncontrolling interests, net 67,000 (1,459,000)
Depreciation and amortization 816,000 515,000
Noncash interest expense 18,000 18,000
Net changes in operating assets and liabilities:    
Purchase of loans for immediate resale to investors (1,294,634,000) (848,540,000)
Proceeds from immediate resale of loans to investors 1,294,634,000 848,540,000
Purchase of loans held-for-sale (18,240,000) (97,924,000)
Principal payments received for loans held-for-sale 2,637,000 2,328,000
Net proceeds from sale of loans held-for-sale 38,140,000 6,813,000
Other assets (9,988,000) (202,000)
Operating lease liability and right-of-use asset 234,000 37,000
Accounts payable (5,807,000) (3,003,000)
Payable to investors 10,989,000 570,000
Accrued expenses and other liabilities 4,601,000 (9,167,000)
Net cash (used in) provided by operating activities 43,092,000 (86,522,000)
Cash flows from investing activities    
Principal payments received for loans held by consolidated securitizations 0 15,273,000
Net proceeds from sale of loans held-for-investment 8,329,000 88,136,000
Principal payments received for loans held-for-investment 3,002,000 5,429,000
Principal payments received for notes receivable and repayments of residual certificates 3,119,000 4,028,000
Purchase of loans held-for-investment (12,947,000) (2,755,000)
Purchase of notes receivable and residual certificates 0 (4,000)
Purchase of property and equipment (267,000) (508,000)
Capitalized software costs (334,000) (858,000)
Net cash provided by investing activities 902,000 108,741,000
Cash flows from financing activities    
Payments made on securitization notes and certificates (includes $633 paid to related parties for the three months ended March 31, 2020) 0 (16,740,000)
Repayments of borrowings (26,584,000) (78,011,000)
Distributions made to noncontrolling interests 0 (381,000)
Proceeds from borrowings 5,831,000 64,839,000
Proceeds from exercise of stock options 1,492,000 185,000
Net cash used in financing activities (19,261,000) (30,108,000)
Net increase (decrease) in cash and restricted cash 24,733,000 (7,889,000)
Cash and restricted cash    
Beginning of period 311,333,000 80,067,000
End of period 336,066,000 72,178,000
Supplemental disclosures of cash flow information    
Cash paid for interest 1,030,000 3,256,000
Supplemental disclosures of non-cash investing and financing activities    
Capitalized stock-based compensation expense $ 122,000 $ 90,000