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Equity Compensation Plans - Additional Information (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2020
USD ($)
$ / shares
shares
May 31, 2020
Dec. 31, 2018
$ / shares
May 31, 2018
executive
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of additional shares authorized                 200,000
Shares of common stock available for grant under Redwood's Incentive Plan (in shares) 99,281           99,281    
Unrecognized compensation cost | $ $ 27,664       $ 32,328   $ 27,664 $ 32,328  
Long-term incentive award expense | $             $ 12,439 $ 13,402 $ 12,388
Weighted average amortization period remaining for equity awards (in years)             1 year    
Adjustment to stock-based compensation expense | $             $ 1,000    
Shares of common stock to be purchased in aggregate for all employees (in shares) 600,000           600,000    
Number of shares purchased by employees (in shares)             489,886    
Redwood Incentive Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of additional shares authorized             5,000,000    
Shares of common stock available for grant under Redwood's Incentive Plan (in shares) 7,957,891       3,637,480   7,957,891 3,637,480  
Restricted Stock Awards                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation cost | $ $ 1,000           $ 1,000    
Long-term incentive award expense | $             $ 1,000 $ 2,000 $ 2,000
Weighted average amortization period remaining for equity awards (in years)             1 year    
Number of stock awards granted (in shares)             0 0 168,537
Number of stock awards forfeited (in shares)             34,857 0 7,470
Granted (in dollars per share) | $ / shares             $ 0 $ 0 $ 14.71
Number of stock awards vested (in shares)             102,615 118,136 83,968
Restricted Stock Awards | Redwood Incentive Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation cost | $ 564       $ 1,990   $ 564 $ 1,990  
Restricted Stock Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation cost | $ 4,000           4,000    
Long-term incentive award expense | $             $ 1,000 $ 1,000 $ 100
Weighted average amortization period remaining for equity awards (in years)             2 years    
Number of stock awards granted (in shares)             205,482 270,297 4,876
Number of stock awards forfeited (in shares)             130,155 0 0
Granted (in dollars per share) | $ / shares             $ 16.86 $ 15.66 $ 15.38
Number of stock awards vested (in shares)             68,076 0 0
Restricted Stock Units | Redwood Incentive Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation cost | $ 3,540       $ 3,534   $ 3,540 $ 3,534  
Deferred Stock Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation cost | $ $ 18,000           18,000    
Long-term incentive award expense | $             $ 8,000 $ 8,000 $ 8,000
Unvested outstanding stock awards (in units) 1,599,019       1,344,743   1,599,019 1,344,743  
Weighted-average grant date fair value of stock awards (in dollars per unit) | $ / shares $ 13.30       $ 15.76   $ 13.30 $ 15.76  
Number of stock awards vested (in units) 1,206,125       1,286,063   1,206,125 1,286,063  
Number of stock awards granted (in shares)             1,186,154 733,096 670,254
Number of stock awards forfeited (in shares)             291,253 19,898 0
Granted (in dollars per share) | $ / shares             $ 10.69 $ 16.06 $ 15.53
Deferred Stock Units | Redwood Incentive Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation cost | $ $ 17,766       $ 17,858   $ 17,766 $ 17,858  
Performance Stock Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation cost | $ $ 6,000           6,000    
Long-term incentive award expense | $             $ 100 $ 3,000 $ 3,000
Unvested outstanding stock awards (in units) 978,735       839,070   978,735 839,070  
Weighted-average grant date fair value of stock awards (in dollars per unit) | $ / shares $ 10.42   $ 17.05   $ 17.13 $ 17.05 $ 10.42 $ 17.13 $ 17.05
Number of stock awards granted (in shares)             473,845 307,938 258,078
Number of stock awards forfeited (in shares)             99,175 0 0
Share-based compensation, vesting period (in years)             3 years    
BvTSR for tranche (as a percent)             7.70%    
TSR performance period (in years)                 3 years
Performance Stock Units | Executives                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of stock awards granted (in shares)       23,025          
Stock price valuation period       60 days          
Grant date fair value assumptions, volatility rate       27.00%          
Grant date fair value assumptions, risk-free rate       2.71%          
Grant date fair value assumptions, dividend yield       0.00%          
Granted (in dollars per share) | $ / shares       $ 15.20          
Number of executives granted PSUs in connection with promotions | executive       2          
Performance Stock Units | Redwood Incentive Plan                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Unrecognized compensation cost | $ $ 5,794       $ 8,946   $ 5,794 $ 8,946  
Performance Stock Units | Performance Share Units (PSUs), 2020                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Grant date fair value (in dollars per share) | $ / shares               $ 10.42  
Grant date fair value assumptions, volatility rate             54.00%    
Grant date fair value assumptions, risk-free rate             0.18%    
Grant date fair value assumptions, dividend yield             0.00%    
TSR performance period (in years)             3 years    
Performance Stock Units | Performance Share Units (PSUs), 2019                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Stock price valuation period                 60 days
Grant date fair value (in dollars per share) | $ / shares               $ 17.13  
Grant date fair value assumptions, volatility rate               15.00%  
Grant date fair value assumptions, risk-free rate               1.68%  
Grant date fair value assumptions, dividend yield               0.00%  
TSR performance period (in years)               3 years  
Performance Stock Units | Performance Share Units (PSUs), 2018                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of stock awards granted (in shares)             473,845 275,831 206,034
Vesting percentage if TSR is 25%             100.00%    
Relative increase/decrease in vesting percentage based on TSR             50.00%    
Vesting percentage cap if first 2 steps yield a vesting level greater than 100%     100.00%            
Grant date fair value (in dollars per share) | $ / shares                 $ 17.23
Grant date fair value assumptions, volatility rate                 22.00%
Grant date fair value assumptions, risk-free rate                 2.78%
Grant date fair value assumptions, dividend yield                 0.00%
TSR performance period (in years)                 3 years
Award vesting rights, total share return, percentage       125.00%          
Performance Stock Units | Performance Share Units (PSUs), 2016                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of stock awards vested (in shares)         222,769        
Performance Stock Units | Performance Share Units (PSUs), 2015                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Number of stock awards vested (in shares)           387,937      
Maximum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Share-based compensation, vesting period (in years)   4 years              
Maximum | Deferred Stock Units                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Weighted average amortization period remaining for equity awards (in years)             2 years    
Maximum | Performance Stock Units | Performance Share Units (PSUs), 2020                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting percentage 200.00%                
Maximum | Performance Stock Units | Performance Share Units (PSUs), 2018                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting percentage 250.00%                
First baseline vesting percentage     200.00%            
Equity awards, vesting percentage       200.00%          
Minimum                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Share-based compensation, vesting period (in years)   3 years              
Minimum | Performance Stock Units | Performance Share Units (PSUs), 2020                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting percentage 0.00%                
Minimum | Performance Stock Units | Performance Share Units (PSUs), 2018                  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                  
Vesting percentage 0.00%                
First baseline vesting percentage     0.00%            
Equity awards, vesting percentage       0.00%