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Loans Held For Investment, Loans Held For Sale, Notes, Certificates and Secured Borrowings and Loan Servicing Rights (Tables)
 9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Loans and Notes and Certificates
At September 30, 2018 and December 31, 2017, loans held for investment, notes, certificates and secured borrowings measured at fair value on a recurring basis were as follows:
 
Loans Held for Investment
 
Notes, Certificates and Secured Borrowings
September 30, 
 2018
 
December 31, 
 2017
 
September 30, 
 2018
 
December 31, 
 2017
Aggregate principal balance outstanding
$
2,284,844

 
$
3,141,391

 
$
2,300,659

 
$
3,161,080

Net fair value adjustments
(151,015
)
 
(209,066
)
 
(148,343
)
 
(206,312
)
Fair value
$
2,133,829

 
$
2,932,325

 
$
2,152,316

 
$
2,954,768
Schedule of Outstanding Principal Balance of Notes, Certificates and Secured Borrowings at Fair Value
The following table provides the balance of notes, certificates and secured borrowings at fair value at the end of the periods indicated:
 
September 30, 
 2018
 
December 31, 
 2017
Notes
$
1,270,359

 
$
1,512,052

Certificates
776,404

 
1,210,349

Secured borrowings
105,553

 
232,367

Total notes, certificates and secured borrowings
$
2,152,316

 
$
2,954,768
Loans Invested in by Company
At September 30, 2018 and December 31, 2017, loans invested in by the Company for which there were no associated notes, certificates or secured borrowings were as follows:
 
Loans Invested in by the Company
 
Loans Held for Investment
 
Loans Held for Sale
 
Total
September 30, 
 2018
 
December 31, 
 2017
 
September 30, 
 2018
 
December 31, 
 2017
 
September 30, 
 2018
 
December 31, 
 2017
Aggregate principal balance outstanding
$
13,296

 
$
371,379

 
$
479,316

 
$
242,273

 
$
492,612

 
$
613,652

Net fair value adjustments
(1,098
)
 
(10,149
)
 
(20,033
)
 
(6,448
)
 
(21,131
)
 
(16,597
)
Fair value
$
12,198

 
$
361,230

 
$
459,283

 
$
235,825

 
$
471,481

 
$
597,055
Past Due Financing Receivables
Loans that were 90 days or more past due (including non-accrual loans) were as follows:
 
September 30, 2018
 
December 31, 2017
 
> 90 days
past due and non-accrual loans (1)
 
> 90 days
past due
 
Non-accrual loans (1)
Loans held for investment and loans held for sale:
 
 
 
 
 
Outstanding principal balance
$
23,217

 
$
36,588

 
$
3,289

Net fair value adjustments
(19,015
)
 
(30,071
)
 
(2,675
)
Fair value
$
4,202

 
$
6,517

 
$
614

Number of loans (not in thousands)
2,572

 
3,779

 
591

 
 
 
 
 
 
Loans invested in by the Company:
 
 
 
 
 
Outstanding principal balance
$
2,451

 
$
1,015

 
$
122

Net fair value adjustments
(2,039
)
 
(861
)
 
(107
)
Fair value
$
412

 
$
154

 
$
15

Number of loans (not in thousands)
372

 
257

 
34

(1) 
Beginning in the first quarter of 2018, loans are placed on non-accrual status upon reaching 90 days past due. Prior to the first quarter of 2018, loans were placed on non-accrual status upon reaching 120 days past due. The effect of this change in estimate is immaterial. See “Note 2. Summary of Significant Accounting Policies” for additional information on the Company’s “Accrued Interest” accounting policy.