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Borrowings (Tables)
 12 Months Ended
Dec. 31, 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 consolidated balance sheets:
Borrowings
December 31,December 31,
20212022
Warehouse credit facilities$48,030 $336,452 
Risk retention funding loan507 — 
Convertible senior notes661,250 661,250 
Total payments due709,787 997,702 
Unamortized debt discount(14,355)(11,308)
Total borrowings$695,432 $986,394 
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 consolidated balance sheets:
ULT Warehouse Credit Facility
December 31, 2021December 31,
2022
Outstanding borrowings$48,030 $163,773 
Aggregate outstanding principal of loans pledged as collateral76,865 228,895 
Aggregate fair value of loans purchased and held by ULT142,687 256,024 
Restricted cash pledged as collateral$76,256 $8,547 
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 consolidated balance sheets as of December 31, 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
December 31,
2022
Outstanding borrowings$172,679 
Aggregate outstanding principal of loans pledged as collateral221,847 
Aggregate fair value of loans purchased and held by UAWT216,539 
Restricted cash pledged as collateral$843 
Schedule of maturities of all borrowings The following table summarizes the aggregate amount of maturities of all borrowings as of December 31, 2022:
December 31,
2022
2023$— 
2024336,452 
2025— 
2026661,250 
2027— 
Thereafter— 
Total$997,702