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RELATED PARTY TRANSACTIONS | 9 Months Ended
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Sep. 30, 2021
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS In conjunction with its joint ventures, the Company entered into agreements to provide services to the joint ventures for which it receives and pays fees. Services for which the Company earns fees comprise loan processing and administrative services (legal, accounting, human resources, data processing and management information, assignment processing, post-closing, underwriting, facilities management, quality control, management consulting, risk management, promotions, public relations, advertising and compliance with credit agreements). The Company also originates eligible mortgage loans referred to it by the joint ventures for which the Company pays the joint ventures a broker fee. Fees earned, costs incurred, and amounts payable to or receivable from joint ventures were as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Loan processing and administrative services fee income |  | $ | 3,650 |  |  | $ | 3,835 |  |  | $ | 10,757 |  |  | $ | 10,017 |
Loan origination broker fees expense |  | 22,749 |  |  | 21,456 |  |  | 63,457 |  |  | 55,323 |
|  | September 30, 2021 |  | December 31, 2020
Amounts (payable) receivable from joint ventures |  | $ | (3,307) |  |  | $ | 2,196 |
The Company paid management fees to a shareholder of the Company of $0.2 million during the nine months ended September 30, 2021 and $0.2 million and $0.8 million during the three and nine months ended September 30, 2020, respectively. The Company paid consulting fees to a shareholder of the Company of $16 thousand and $57 thousand during the three and nine months ended September 30, 2021. The Company employed certain individuals who provided services to a shareholder whose salaries totaled $78 thousand and $0.3 million during the three and nine months ended September 30, 2021 and $51 thousand and $0.2 million during three and nine months ended September 30, 2020, respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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