CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income (loss)	$ (15,949)	$ (26,316)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Gains on originated mortgage servicing rights	(18,711)	(19,552)
Depreciation and amortization	46,358	43,975
Provision (benefit) for credit losses on the financial guarantee liability	1,503	1,251
Provision (reversal) for doubtful accounts	1,559	(910)
Equity-based compensation and allocation of net income to limited partnership units and FPUs	74,346	51,443
Employee loan amortization and other non-cash compensation expense	32,359	31,198
Deferred tax provision (benefit)	0	(136)
Non-cash changes in acquisition related earn-outs	188	383
Unrealized (gains) on loans held for sale	(20,121)	(9,203)
Loan originations—loans held for sale	(1,737,433)	(1,567,047)
Loan sales—loans held for sale	1,684,416	1,599,527
Other	(42)	6,287
Consolidated net income (loss), adjusted for non-cash and non-operating items	48,473	110,900
Changes in operating assets and liabilities:
Receivables, net	42,320	99,005
Loans, forgivable loans and other receivables from employees and partners, net	(122,330)	(161,074)
Right-of-use assets	(12,919)	28,244
Receivable from related parties	326	0
Other assets	(62,464)	(4,271)
Accrued compensation	(115,978)	(96,503)
Right-of-use liability	10,178	(32,192)
Accounts payable, accrued expenses and other liabilities	26,778	(15,820)
Payables to related parties	6,212	2,928
Net cash used in operating activities	(179,404)	(68,783)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of non-marketable investments	0	(312)
Purchases of fixed assets	(5,444)	(7,042)
Net cash used in investing activities	(5,444)	(7,354)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from warehouse facilities	1,737,433	1,567,047
Principal payments on warehouse facilities	(1,670,576)	(1,572,251)
Borrowing of debt	115,000	700,000
Repayment of debt	(15,000)	(575,000)
Treasury stock repurchases	0	(37,161)
Earnings and tax distributions to limited partnership interests and other noncontrolling interests	(12,869)	(16,225)
Dividends to stockholders	(5,420)	(5,232)
Payments on acquisition earn-outs	(943)	0
Deferred financing costs	0	(5,038)
Net cash provided by financing activities	147,625	56,140
Net increase (decrease) in cash and cash equivalents and restricted cash	(37,223)	(19,997)
Cash and cash equivalents and restricted cash at beginning of period	304,865	258,706
Cash and cash equivalents and restricted cash at end of period	267,642	238,709
Cash paid during the period for:
Interest	24,337	2,838
Taxes	4,700	5,259
Supplemental disclosure of non-cash operating, investing and financing activities:
Right-of-use assets and liabilities	$ 46,715	$ 3,535