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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Servicing and subservicing fees $ 212,623 $ 171,738
Reverse mortgage revenue, net 13,110 21,826
Gain (loss) on loans held for sale, net (3,206) 5,721
Other revenue, net 9,036 8,309
Total revenue 231,563 207,594
MSR valuation adjustments, net 62,632 21,208
Operating expenses    
Compensation and benefits 68,003 68,281
Technology and communications 14,912 13,143
Servicing and origination 14,167 27,470
Professional services 12,167 17,322
Occupancy and equipment 10,067 8,852
Other expenses 7,702 4,561
Total operating expenses 127,018 139,629
Other income (expense)    
Interest income 7,112 3,936
Interest expense (37,875) (28,452)
Pledged MSR liability expense (86,897) (37,850)
Earnings of equity method investee 12,003 0
Loss on extinguishment of debt (33) (15,458)
Other, net (162) 290
Total other income (expense), net (105,852) (77,534)
Income before income taxes 61,325 11,639
Income tax expense (benefit) 3,243 3,096
Net income (loss) $ 58,082 $ 8,543
Earnings per share    
Basic (in USD per share) $ 6.30 $ 0.98
Diluted (in USD per share) $ 6.01 $ 0.96
Weighted average common shares outstanding    
Basic (in shares) 9,215,122 8,688,009
Diluted (in shares) 9,661,567 8,877,492