SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

	September 30,				December 31,
(in thousands)	2023		2022		2022		2021
Cash and cash equivalents	$	236,321	$	152,188	$	225,949	$	305,635
Restricted cash		17,768		40,246		17,676		42,812
Pledged cash and cash equivalents (NOTE 9)		46,558		12,624		14,658		44,733
Total cash, cash equivalents, restricted cash, and restricted cash equivalents	$	300,647	$	205,058	$	258,283	$	393,180

Schedule of Net Warehouse Interest Income (Expense)

	For the three months ended				For the nine months ended
	September 30,				September 30,
Components of Net Warehouse Interest Income (Expense) (in thousands)	2023		2022		2023		2022
Warehouse interest income	$	11,912	$	18,413	$	34,015	$	44,816
Warehouse interest expense		(13,943)		(14,433)		(37,571)		(30,795)
Net warehouse interest income (expense)	$	(2,031)	$	3,980	$	(3,556)	$	14,021

Schedule of Contracts with Customers

	For the three months ended				For the nine months ended
	September 30,				September 30,
Description (in thousands)	2023		2022		2023		2022		Statement of income line item
Certain loan origination fees	$	16,259	$	40,076	$	50,982	$	130,722	Loan origination and debt brokerage fees, net
Property sales broker fees		16,862		30,308		38,831		100,092	Property sales broker fees
Investment management fees		13,362		16,301		44,844		47,345	Investment management fees
Application fees, appraisal revenues, subscription revenues, syndication fees, and other revenues		15,138		12,643		56,602		55,384	Other revenues
Total revenues derived from contracts with customers	$	61,621	$	99,328	$	191,259	$	333,543