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Securitizations and Variable Interests Entities (Tables)
 12 Months Ended
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,
202020192018
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,
20202019
Carrying value of assets
MSRs, at fair value$137,029 $109,581 
Advances143,361 141,829 
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,
20202019
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,
20202019
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,
20202019
Loans held for investment, at fair value - Restricted for securitization investors$9,770 $23,342 
Financing liability - Owed to securitization investors, at fair value9,770 22,002