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FAIR VALUE - Financial Statement Items on Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Assets |  |
Loans held for sale, at fair value | $ 4,656,338 | $ 8,136,817
Derivative assets, at fair value | 153,607 | 194,665
Servicing rights, at fair value | 2,213,700 | 2,006,712
Trading securities, at fair value | 105,308 | 72,874
Liabilities |  |
Derivative liabilities, at fair value | 72,758 | 37,797
Fair Value, Recurring |  |
Assets |  |
Loans held for sale, at fair value | 4,656,338 | 8,136,817
Servicing rights, at fair value | 2,213,700 | 2,006,712
Trading securities, at fair value | 105,308 | 72,874
Liabilities |  |
Servicing rights, at fair value | 9,107 | 7,310
Fair Value, Recurring | Level 1 |  |
Assets |  |
Loans held for sale, at fair value | 0 | 0
Servicing rights, at fair value | 0 | 0
Trading securities, at fair value | 0 | 0
Liabilities |  |
Servicing rights, at fair value | 0 | 0
Fair Value, Recurring | Level 2 |  |
Assets |  |
Loans held for sale, at fair value | 4,656,338 | 8,136,817
Servicing rights, at fair value | 0 | 0
Trading securities, at fair value | 105,308 | 72,874
Liabilities |  |
Servicing rights, at fair value | 0 | 0
Fair Value, Recurring | Level 3 |  |
Assets |  |
Loans held for sale, at fair value | 0 | 0
Servicing rights, at fair value | 2,213,700 | 2,006,712
Trading securities, at fair value | 0 | 0
Liabilities |  |
Servicing rights, at fair value | 9,107 | 7,310
Fair Value, Recurring | Carrying Amount |  |
Assets |  |
Cash and cash equivalents | 954,930 | 419,571
Restricted cash | 194,645 | 201,025
Loans held for sale, at fair value | 4,656,338 | 8,136,817
Derivative assets, at fair value | 153,607 | 194,665
Servicing rights, at fair value | 2,213,700 | 2,006,712
Trading securities, at fair value | 105,308 | 72,874
Loans eligible for repurchase | 506,454 | 363,373
Liabilities |  |
Warehouse and other lines of credit | 4,265,343 | 7,457,199
Derivative liabilities, at fair value | 72,758 | 37,797
Servicing rights, at fair value | 9,107 | 7,310
Liability for loans eligible for repurchase | 506,454 | 363,373
Fair Value, Recurring | Carrying Amount | Secured credit facilities |  |
Liabilities |  |
Debt obligations: | 1,237,269 | 343,759
Fair Value, Recurring | Carrying Amount | Term Notes |  |
Liabilities |  |
Debt obligations: | 199,415 | 199,133
Fair Value, Recurring | Carrying Amount | Senior Notes |  |
Liabilities |  |
Debt obligations: | 990,456 | 1,085,316
Fair Value, Recurring | Estimated Fair Value | Level 1 |  |
Assets |  |
Cash and cash equivalents | 954,930 | 419,571
Restricted cash | 194,645 | 201,025
Loans held for sale, at fair value | 0 | 0
Derivative assets, at fair value | 0 | 4,924
Servicing rights, at fair value | 0 | 0
Trading securities, at fair value | 0 | 0
Loans eligible for repurchase | 0 | 0
Liabilities |  |
Warehouse and other lines of credit | 0 | 0
Derivative liabilities, at fair value | 14,859 | 31,070
Servicing rights, at fair value | 0 | 0
Liability for loans eligible for repurchase | 0 | 0
Fair Value, Recurring | Estimated Fair Value | Level 1 | Secured credit facilities |  |
Liabilities |  |
Debt obligations: | 0 | 0
Fair Value, Recurring | Estimated Fair Value | Level 1 | Term Notes |  |
Liabilities |  |
Debt obligations: | 0 | 0
Fair Value, Recurring | Estimated Fair Value | Level 1 | Senior Notes |  |
Liabilities |  |
Debt obligations: | 0 | 0
Fair Value, Recurring | Estimated Fair Value | Level 2 |  |
Assets |  |
Cash and cash equivalents | 0 | 0
Restricted cash | 0 | 0
Loans held for sale, at fair value | 4,656,338 | 8,136,817
Derivative assets, at fair value | 61,721 | 5,358
Servicing rights, at fair value | 0 | 0
Trading securities, at fair value | 105,308 | 72,874
Loans eligible for repurchase | 506,454 | 363,373
Liabilities |  |
Warehouse and other lines of credit | 4,265,343 | 7,457,199
Derivative liabilities, at fair value | 23,618 | 2,964
Servicing rights, at fair value | 0 | 0
Liability for loans eligible for repurchase | 506,454 | 363,373
Fair Value, Recurring | Estimated Fair Value | Level 2 | Secured credit facilities |  |
Liabilities |  |
Debt obligations: | 1,239,841 | 345,596
Fair Value, Recurring | Estimated Fair Value | Level 2 | Term Notes |  |
Liabilities |  |
Debt obligations: | 200,000 | 200,000
Fair Value, Recurring | Estimated Fair Value | Level 2 | Senior Notes |  |
Liabilities |  |
Debt obligations: | 657,453 | 1,057,977
Fair Value, Recurring | Estimated Fair Value | Level 3 |  |
Assets |  |
Cash and cash equivalents | 0 | 0
Restricted cash | 0 | 0
Loans held for sale, at fair value | 0 | 0
Derivative assets, at fair value | 91,886 | 184,383
Servicing rights, at fair value | 2,213,700 | 2,006,712
Trading securities, at fair value | 0 | 0
Loans eligible for repurchase | 0 | 0
Liabilities |  |
Warehouse and other lines of credit | 0 | 0
Derivative liabilities, at fair value | 34,281 | 3,763
Servicing rights, at fair value | 9,107 | 7,310
Liability for loans eligible for repurchase | 0 | 0
Fair Value, Recurring | Estimated Fair Value | Level 3 | Secured credit facilities |  |
Liabilities |  |
Debt obligations: | 0 | 0
Fair Value, Recurring | Estimated Fair Value | Level 3 | Term Notes |  |
Liabilities |  |
Debt obligations: | 0 | 0
Fair Value, Recurring | Estimated Fair Value | Level 3 | Senior Notes |  |
Liabilities |  |
Debt obligations: | $ 0 | $ 0

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