CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net loss	$ (26,316)	$ (16,349)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Gains on originated mortgage servicing rights	(19,552)	(8,965)
Depreciation and amortization	43,975	38,830
Provision for credit losses on the financial guarantee liability	1,251	2,803
Provision for doubtful accounts	(910)	(1,945)
Equity-based compensation and allocation of net income to limited partnership units and FPUs	51,443	35,648
Employee loan amortization	31,198	25,380
Deferred tax benefit	(136)	0
Non-cash changes in acquisition related earn-outs	383	191
Unrealized gains on loans held for sale	(9,203)	(6,188)
Income from an equity method investment	0	(3,583)
Unrealized losses on marketable securities	14	346
Loan originations—loans held for sale	(1,567,047)	(802,191)
Loan sales—loans held for sale	1,599,527	511,872
Other	6,273	5,843
Consolidated net income (loss), adjusted for non-cash and non-operating items	110,900	(218,308)
Changes in operating assets and liabilities:
Receivables, net	99,005	25,029
Loans, forgivable loans and other receivables from employees and partners, net	(161,074)	(130,453)
Right-of-use assets	28,244	(740)
Other assets	(4,271)	(9,397)
Accrued compensation	(96,503)	(90,112)
Right-of-use liability	(32,192)	6,189
Accounts payable, accrued expenses and other liabilities	(15,820)	27,398
Payables to related parties	2,928	(8,446)
Net cash used in operating activities	(68,783)	(398,840)
CASH FLOWS FROM INVESTING ACTIVITIES:
Payments for acquisitions, net of cash acquired and proceeds from divestitures	0	(99,885)
Purchase of non-marketable investments	(312)	0
Purchases of fixed assets	(7,042)	(18,174)
Net cash used in investing activities	(7,354)	(118,059)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from warehouse facilities	1,567,047	802,191
Principal payments on warehouse facilities	(1,572,251)	(511,896)
Borrowing of debt	700,000	225,000
Repayment of debt	(575,000)	0
Treasury stock repurchases	(37,161)	0
Earnings and tax distributions to limited partnership interests and other noncontrolling interests	(16,225)	(11,429)
Dividends to stockholders	(5,232)	(5,215)
Deferred financing costs	(5,038)	0
Net cash provided by financing activities	56,140	498,651
Net decrease in cash and cash equivalents and restricted cash	(19,997)	(18,248)
Cash and cash equivalents and restricted cash at beginning of period	258,706	312,952
Cash and cash equivalents and restricted cash at end of period	238,709	294,704
Cash paid during the period for:
Interest	2,838	359
Taxes	5,259	8,782
Supplemental disclosure of non-cash operating, investing and financing activities:
Right-of-use assets and liabilities	$ 3,535	$ 50,081