SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Components of Provision (Benefit) for Credit Losses

Components of Provision (benefit) for Credit Losses (in thousands)	2019		2018		2017
Provision (benefit) for loan losses	$	875	$	128	$	(294)
Provision (benefit) for risk-sharing obligations		6,398		680		51
Provision (benefit) for credit losses	$	7,273	$	808	$	(243)

Schedule of Net Warehouse Interest Income

Components of Net Warehouse Interest Income (in thousands)	2019		2018		2017
Warehouse interest income - loans held for sale	$	48,211	$	55,609	$	61,298
Warehouse interest expense - loans held for sale		(46,294)		(49,616)		(46,221)
Net warehouse interest income - loans held for sale	$	1,917	$	5,993	$	15,077
Warehouse interest income - loans held for investment	$	32,059	$	11,197	$	15,218
Warehouse interest expense - loans held for investment		(8,277)		(3,159)		(5,828)
Warehouse interest income - secured borrowings		3,549		1,852		—
Warehouse interest expense - secured borrowings		(3,549)		(1,852)		—
Net warehouse interest income - loans held for investment	$	23,782	$	8,038	$	9,390

Schedule of Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents

	December 31,
(in thousands)	2019		2018		2017		2016
Cash and cash equivalents	$	120,685	$	90,058	$	191,218	$	118,756
Restricted cash		8,677		20,821		6,677		9,861
Pledged cash and cash equivalents (NOTE 9)		7,204		9,469		88,785		82,742
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	136,566	$	120,348	$	286,680	$	211,359

Schedule of Contracts with Customers

Description (in thousands)	2019		2018		2017		Statement of income line item
Certain loan origination fees	$	75,599	$	59,877	$	53,116	Loan origination and debt brokerage fees, net
Property sales broker fees, investment management fees, assumption fees, application fees, and other		51,885		35,837		29,271	Other revenues
Total revenues derived from contracts with customers	$	127,484	$	95,714	$	82,387