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Revenue (Tables)
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Type of Service
The Company disaggregates revenue from fees by type of service for the periods presented as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2023202420232024
Revenue from fees, net:
Platform and referral fees, net$112,437 $134,199 $295,859 $336,653 
Servicing and other fees, net34,318 33,391 111,726 99,537 
Total revenue from fees, net$146,755 $167,590 $407,585 $436,190 
Schedule of Customers Accounting for Greater Than 10% of Total Revenue
Customers accounting for greater than 10% of total revenue were as follows:

Three Months Ended
September 30,		Nine Months Ended
September 30,
2023202420232024
Customer A33%31%30%27%
Customer B32%29%31%34%
Customer C12%*11%10%

Customers accounting for greater than 10% of accounts receivable were as follows:
December 31,September 30,
20232024
Customer D*17%
Customer C15%11%
Customer A11%*
* Less than 10%
Schedule of Collection Agency and Borrower Fees
The following table presents the components of servicing and other fees, net as part of revenue from fees, net in the Company’s condensed consolidated statements of operations and comprehensive loss:

Three Months Ended September 30,Nine Months Ended September 30,
2023202420232024
Servicing fees$26,113 $21,782 $82,611 $66,975 
Borrower fees7,182 6,582 21,823 20,097 
Collection agency fees4,017 3,964 11,685 12,677 
Other fees69 88 407 301 
Net gain (loss) on servicing rights and fair value adjustments(3,063)975 (4,800)(513)
Total servicing and other fees, net$34,318 $33,391 $111,726 $99,537 
Schedule of Components of Interest Income and Fair Value Adjustments, Net
The following table presents components of the interest income, interest expense, and fair value adjustments, net presented in the Company’s condensed consolidated statements of operations and comprehensive loss:

Three Months Ended September 30,Nine Months Ended September 30,
2023202420232024
Interest income(1)
$37,692 $40,845 $116,923 $144,899 
Interest expense(1)
(9,414)(10,818)(20,828)(33,002)
Fair value and other adjustments, net:
Unrealized loss on loans, loan charge-offs, and other fair value adjustments, net(1)
(30,349)(31,579)(99,048)(92,800)
Realized loss on sale of loans, net(2,955)(2,950)(22,255)(14,565)
Fair value adjustments and realized losses on beneficial interests, net
(7,172)(948)(9,127)(23,158)
Total fair value and other adjustments, net
(40,476)(35,477)(130,430)(130,523)
Total interest income, interest expense, and fair value adjustments, net$(12,198)$(5,450)$(34,335)$(18,626)
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(1) Includes interest income, interest expense and unrealized loss on loans, loan charge-offs, and other fair value adjustments, net related to the consolidated securitization as follows:

Three Months Ended September 30,Nine Months Ended September 30,
2023202420232024
Interest income, interest expense, and fair value adjustments, net related to consolidated securitization:
Interest income$10,048 $6,748 $10,048 $23,086 
Interest expense(3,754)(2,272)(3,754)(7,546)
Unrealized loss on loans, loan charge-offs, and other fair value adjustments, net367 (5,726)367 (25,643)
Total interest income, interest expense, and fair value adjustments, net$6,661 $(1,250)$6,661 $(10,103)