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SERVICER ADVANCE INVESTMENTS - Summary of Investments in Servicer Advances - Components of Funded Advances (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Servicing Assets at Fair Value [Line Items]    
Total [1] $ 421,807 $ 538,056
Corporate Joint Venture    
Servicing Assets at Fair Value [Line Items]    
Principal and interest advances 67,014 84,976
Escrow advances (taxes and insurance advances) 174,681 186,426
Foreclosure advances 127,745 177,748
Total $ 369,440 $ 449,150
[1] The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (New Residential). As of December 31, 2021, and December 31, 2020, total assets of consolidated VIEs were $2.8 billion and $2.7 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $2.1 billion, respectively. See Note 15 for further details.