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Securitizations and Variable Interests Entities (Tables) | 12 Months Ended
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Dec. 31, 2020
Transfers and Servicing [Abstract] |
Summary of Cash Flows Received from and Paid to Securitization Trusts Related to Transfers Accounted for as Sales Outstanding | The following table presents a summary of cash flows received from and paid to securitization trusts related to transfers of loans accounted for as sales that were outstanding:
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
Proceeds received from securitizations | $ | 7,533,284 |  |  | $ | 1,248,837 |  |  | $ | 1,290,682 |
Servicing fees collected (1) | 47,230 |  |  | 50,326 |  |  | 45,046 |
Purchases of previously transferred assets, net of claims reimbursed | (6,933) |  |  | (4,602) |  |  | (4,395) |
| $ | 7,573,581 |  |  | $ | 1,294,561 |  |  | $ | 1,331,333 |
(1)We receive servicing fees based upon the securitized loan balances and certain ancillary fees, all of which are reported in Servicing and subservicing fees in the consolidated statements of operations.
Schedule of Carrying Amounts of Assets that Relate to Continuing Involvement with Transferred Forward Loans | The following table presents the carrying amounts of our assets that relate to our continuing involvement with forward loans that we have transferred with servicing rights retained as well as an estimate of our maximum exposure to loss including the UPB of the transferred loans:
| December 31,
| 2020 |  | 2019
Carrying value of assets |  |  |
MSRs, at fair value | $ | 137,029 |  |  | $ | 109,581 |
Advances | 143,361 |  |  | 141,829 |
UPB of loans transferred | 18,062,856 |  |  | 14,490,984 |
Maximum exposure to loss | $ | 18,343,246 |  |  | $ | 14,742,394 |
Carrying Value And Classification Of Assets And Liabilities Of Agency MSR Financing Facility | The table below presents the carrying value and classification of the assets and liabilities of the Agency MSR financing facility:
| December 31,
| 2020 |  | 2019
MSRs pledged (MSRs, at fair value) | $ | 476,371 |  |  | $ | 245,533 |
Unamortized deferred lender fees (Other assets) | 1,183 |  |  | 946 |
Debt service account (Restricted cash) | 211 |  |  | 100 |
Outstanding borrowings (Other secured borrowings, net) | 210,755 |  |  | 147,706 |
Carrying Value And Classification Of Assets And Liabilities Of PLS Notes Facility | The table below presents the carrying value and classification of the assets and liabilities of the PLS Notes facility:
| December 31,
| 2020 |  | 2019
MSRs pledged (MSRs, at fair value) | $ | 129,204 |  |  | $ | 146,215 |
Debt service account (Restricted cash) | 2,385 |  |  | 3,002 |
Outstanding borrowings (Other secured borrowings, net) | 68,313 |  |  | 94,395 |
Unamortized debt issuance costs (Other secured borrowings, net) | 894 |  |  | 1,208 |
Schedule of Carrying Value of Assets and Liabilities of Consolidated Mortgage-backed Securitization Trusts | The table below presents the carrying value and classification of the assets and liabilities of consolidated mortgage-backed securitization trusts included in our consolidated balance sheets as a result of residual securities issued we acquired in 2018 which were issued by the trusts.
| December 31,
| 2020 |  | 2019
Loans held for investment, at fair value - Restricted for securitization investors | $ | 9,770 |  |  | $ | 23,342 |
Financing liability - Owed to securitization investors, at fair value | 9,770 |  |  | 22,002 |

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