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Borrowings (Tables)
 9 Months Ended
Sep. 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,September 30,
20212022
Warehouse credit facilities$48,030 $269,728 
Risk retention funding loan507 — 
Convertible senior notes661,250 661,250 
Total payments due709,787 930,978 
Unamortized debt discount(14,355)(12,061)
Total borrowings$695,432 $918,917 
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, 2021September 30,
2022
Outstanding borrowings$48,030 $100,523 
Aggregate outstanding principal of loans pledged as collateral76,865 147,221 
Aggregate fair value of loans purchased and held by ULT142,687 153,799 
Restricted cash pledged as collateral$76,256 $2,480 
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 September 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
September 30,
2022
Outstanding borrowings$169,205 
Aggregate outstanding principal of loans pledged as collateral250,294 
Aggregate fair value of loans purchased and held by UAWT254,277 
Restricted cash pledged as collateral$874 
Schedule of maturities of all borrowings
The following table summarizes the aggregate amount of maturities of all borrowings as of September 30, 2022:

September 30,
2022
Remaining 2022$— 
2023169,205 
2024100,523 
2025— 
2026661,250 
2027— 
Total$930,978