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MORTGAGE SERVICING RIGHTS AND MSR FINANCING RECEIVABLES - Schedule of Servicing Fee Revenue (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Servicing Asset at Amortized Cost [Line Items]    
Less: subservicing expense $ (49,839) $ (66,981)
Servicing revenue, net 513,548 (289,115)
Change in valuation inputs and assumptions 543,956  
MSR financing receivables (25,778) (104,111)
Excess Spread Financing    
Servicing Asset at Amortized Cost [Line Items]    
Realization of cash flows (1,300) (1,900)
New Residential Mortgage LLC | Mortgage Servicing Rights Financing Receivable    
Servicing Asset at Amortized Cost [Line Items]    
Servicing fee revenue 76,733 113,582
Ancillary and other fees 8,699 26,000
Less: subservicing expense (32,644) (41,903)
Servicing fee revenue and fees 52,788 97,679
Realization of cash flows (21,954) (68,752)
(Gain) loss realized (270) (1,749)
Change in valuation inputs and assumptions (3,554) (33,610)
MSR financing receivables (25,778) (104,111)
MSRs    
Servicing Asset at Amortized Cost [Line Items]    
Servicing fee revenue 263,743 328,122
Ancillary and other fees 31,894 32,138
Servicing fee revenue and fees 295,637 360,260
Realization of cash flows (317,716) (191,367)
Change in valuation inputs and assumptions 545,379 (463,711)
Change in fair value of derivative instruments (8,823) 0
(Gain) loss realized (929) 5,703
Servicing revenue, net 513,548 (289,115)
MSRs | Excess Spread Financing    
Servicing Asset at Amortized Cost [Line Items]    
Change in valuation inputs and assumptions $ (2,100) $ 4,500