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Borrowings (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of aggregate principal outstanding of all loans
The following table presents the aggregate principal outstanding of all loans mentioned in this note that are included in the condensed consolidated balance sheets:
Borrowings
December 31,June 30,
20212022
Warehouse credit facilities$48,030 $208,123 
Risk retention funding loan507 — 
Convertible senior notes661,250 661,250 
Total payments due709,787 869,373 
Unamortized debt discount(14,355)(12,818)
Total borrowings$695,432 $856,555 
Schedule of assets pledge as collateral The following table includes the aggregate balances held by ULT that were pledged as collateral for the ULT Warehouse Credit Facility and included in loans at fair value and restricted cash in the condensed consolidated balance sheets:
ULT Warehouse Credit Facility
December 31, 2021June 30,
2022
Outstanding borrowings$48,030 $109,951 
Aggregate outstanding principal of loans pledged as collateral76,865 169,373 
Aggregate fair value of loans purchased and held by ULT142,687 181,536 
Restricted cash pledged as collateral$76,256 $6,366 
The following table includes the aggregate balances held by UAWT that were pledged as collateral for the UAWT Warehouse Credit Facility and included in loans at fair value and restricted cash in the condensed consolidated balance sheets as of June 30, 2022. The Company had no outstanding borrowings or loans owned by UAWT that were pledged as collateral under the UAWT Warehouse Credit Facility as of December 31, 2021.
UAWT Warehouse Credit Facility
June 30,
2022
Outstanding borrowings$98,172 
Aggregate outstanding principal of loans pledged as collateral120,628 
Aggregate fair value of loans purchased and held by UAWT131,183 
Restricted cash pledged as collateral$662 
Schedule of maturities of all borrowings
The following table summarizes the aggregate amount of maturities of all borrowings as of June 30, 2022:

June 30,
2022
Remaining 2022$— 
202398,172 
2024109,951 
2025— 
2026661,250 
2027— 
Total$869,373