CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income	$ 85,491	$ 62,375	$ 112,545
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Gains on originated mortgage servicing rights	(103,980)	(75,704)	(130,301)
Depreciation and amortization	174,299	166,221	165,816
Lease impairment	0	7,563	14,363
Provision (benefit) for credit losses on the financial guarantee liability	(1,891)	2,634	1,740
Provision (reversal) for doubtful accounts	230	(2,201)	6,645
Equity-based compensation and allocation of net income to limited partnership units and FPUs	185,398	139,747	138,312
Employee loan amortization and other non-cash compensation expense	123,856	92,935	84,116
Deferred tax provision (benefit)	1,047	(5,195)	(24,499)
Non-cash changes in acquisition related earn-outs	(3,845)	5,170	(1,325)
Unrealized (gains) on loans held for sale	(10,238)	(26,662)	(712)
Income from an equity method investment	0	(14,221)	(2,842)
Realized losses on marketable securities	0	0	7,470
Unrealized losses on marketable securities	6	689	80,657
Unrealized losses (gains) on non-marketable investments	(38)	3,786	12,888
Loan originations—loans held for sale	(8,625,601)	(6,913,075)	(7,823,204)
Loan sales—loans held for sale	8,389,879	6,549,138	8,758,049
Other	(1,078)	1,735	2,172
Consolidated net income (loss), adjusted for non-cash and non-operating items	213,535	(5,065)	1,401,890
Changes in operating assets and liabilities:
Receivables, net	17,676	(69,309)	42,444
Loans, forgivable loans and other receivables from employees and partners, net	(211,854)	(243,258)	(131,604)
Right-of-use assets	95,898	54,141	(42,005)
Receivable from related parties	(326)	0	8,262
Other assets	3,155	(9,036)	8,714
Accrued compensation	(15,143)	(22,262)	(102,333)
Right-of-use liability	(106,862)	(39,746)	51,602
Accounts payable, accrued expenses and other liabilities	629	71,675	(35,333)
Payables to related parties	(6,644)	(3,101)	(5,294)
Net cash used in operating activities	(9,936)	(265,961)	1,196,343
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for acquisitions, net of cash acquired and proceeds from divestitures	0	(99,885)	(64,247)
Proceeds from the sale of marketable securities	0	0	437,820
Proceeds from the exercise of redemption option	0	105,501	0
Purchase of marketable securities	0	0	(32)
Purchase of non-marketable investments	(312)	0	(2,723)
Payments for intangible assets	(1,500)	0	0
Purchases of fixed assets	(31,509)	(55,361)	(62,189)
Purchase of mortgage servicing rights	(110)	0	0
Net cash used in investing activities	(33,431)	(49,745)	308,629
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from warehouse facilities	8,625,601	6,913,075	7,823,204
Principal payments on warehouse facilities	(8,369,924)	(6,551,850)	(8,736,491)
Borrowing of debt	845,000	930,000	0
Repayment of debt	(720,000)	(930,000)	0
Repurchase agreements and securities loaned	0	0	(140,007)
Purchase of limited partnership interests	(12,307)	0	0
Treasury stock repurchases	(212,570)	(37,428)	(294,802)
Earnings and tax distributions to limited partnership interests and other noncontrolling interests	(38,657)	(35,375)	(80,984)
Dividends to stockholders	(20,624)	(20,905)	(17,933)
Payments on acquisition earn-outs	0	(983)	(6,453)
Deferred financing costs	(6,993)	(5,074)	(5,054)
Net cash provided by financing activities	89,526	261,460	(1,458,520)
Net increase (decrease) in cash and cash equivalents and restricted cash	46,159	(54,246)	46,452
Cash and cash equivalents and restricted cash at beginning of period	258,706	312,952	266,500
Cash and cash equivalents and restricted cash at end of period	304,865	258,706	312,952
Cash paid during the period for:
Interest	32,129	45,434	37,814
Taxes	49,826	57,181	99,551
Supplemental disclosure of non-cash operating, investing and financing activities:
Right-of-use assets and liabilities	$ 45,546	$ 80,088	$ 138,799