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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 506,608 $ 284,224
Restricted cash 97,805 204,465
Accounts receivable, net 68,050 138,122
Loans held for sale, at fair value (includes $2,462,653 and $1,595,442 pledged to creditors in securitization trusts at September 30, 2021 and December 31, 2020, respectively) 8,873,736 6,955,424
Derivative assets, at fair value 341,359 647,939
Servicing rights, at fair value (includes $379,850 and $300,465 pledged to creditors in securitization trusts at September 30, 2021 and December 31, 2020, respectively) 1,841,512 1,127,866
Trading securities, at fair value 56,412 0
Property and equipment, net 103,556 85,002
Operating lease right-of-use assets 58,002 66,433
Prepaid expenses and other assets 108,720 77,241
Loans eligible for repurchase 632,722 1,246,158
Investments in joint ventures 18,353 17,528
Goodwill and intangible assets, net 42,443 42,826
Total assets 12,749,278 10,893,228
Liabilities:    
Warehouse and other lines of credit 8,212,142 6,577,429
Accounts payable, accrued expenses and other liabilities 715,615 446,370
Derivative liabilities, at fair value 48,899 168,169
Liability for loans eligible for repurchase 632,722 1,246,158
Operating lease liability 72,985 86,023
Debt obligations, net 1,408,751 712,466
Total liabilities 11,091,114 9,236,615
Commitments and contingencies (Note 16)
Equity:    
Preferred stock, $0.001 par value, 50,000,000 authorized, none issued as of September 30, 2021 0  
Treasury stock at cost, 1,591,549 shares as of September 30, 2021 (12,844)  
Additional paid-in capital 565,475 0
Retained deficit (17,819) 0
Noncontrolling interest 1,123,041 1,656,613
Total equity 1,658,164 1,656,613
Total liabilities and equity 12,749,278 $ 10,893,228
Class A    
Equity:    
Common stock, $0.001 par value 20  
Class B    
Equity:    
Common stock, $0.001 par value 0  
Class C    
Equity:    
Common stock, $0.001 par value 176  
Class D    
Equity:    
Common stock, $0.001 par value $ 115