Other Assets and Other Liabilities and Accrued Expenses

9 Months Ended

Sep. 30, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets and Other Liabilities and Accrued Expenses

Other Assets and Other Liabilities and Accrued Expenses

Other Assets

The following table presents the components of other assets as reported in the condensed consolidated balance sheets:

	As of
	September 30, 2021		December 31, 2020
Loans eligible for repurchase	$	48,452	$	70,593
Mortgage servicing rights	26,361		14,758
Right of use asset - Operating leases (1)	24,838		27,291
Income tax receivable	21,048		19,513
Furniture, fixtures and equipment, net	15,213		15,798
Prepaid expenses	9,184		8,159
Other	7,842		5,922
Total other assets	$	152,938	$	162,034

(1)    See Note (21) Commitments and Contingencies for additional information.

The following table presents the depreciation expense related to furniture, fixtures and equipment for the following periods:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Depreciation expense related to furniture, fixtures and equipment	$	893	$	743	$	2,666	$	2,254

Other Liabilities and Accrued Expenses

The following table presents the components of other liabilities and accrued expenses as reported in the condensed consolidated balance sheets:

	As of
	September 30, 2021		December 31, 2020
Accounts payable and accrued expenses	$	130,273	$	106,142
Loans eligible for repurchase liability	48,452		70,593
Deferred tax liabilities, net	32,801		24,183
Operating lease liability (1)	30,407		32,914
Due to brokers	18,819		45,047
Commissions payable	15,640		18,678
Securities sold, not yet purchased	6,266		46,637
Other	22,861		18,671
Total other liabilities and accrued expenses	$	305,519	$	362,865

(1)    See Note (21) Commitments and Contingencies for additional information.

Other Assets and Other Liabilities and Accrued Expenses

Other Assets and Other Liabilities and Accrued Expenses

Other Assets

The following table presents the components of other assets as reported in the condensed consolidated balance sheets:

	As of
	September 30, 2021		December 31, 2020
Loans eligible for repurchase	$	48,452	$	70,593
Mortgage servicing rights	26,361		14,758
Right of use asset - Operating leases (1)	24,838		27,291
Income tax receivable	21,048		19,513
Furniture, fixtures and equipment, net	15,213		15,798
Prepaid expenses	9,184		8,159
Other	7,842		5,922
Total other assets	$	152,938	$	162,034

(1)    See Note (21) Commitments and Contingencies for additional information.

The following table presents the depreciation expense related to furniture, fixtures and equipment for the following periods:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Depreciation expense related to furniture, fixtures and equipment	$	893	$	743	$	2,666	$	2,254

Other Liabilities and Accrued Expenses

The following table presents the components of other liabilities and accrued expenses as reported in the condensed consolidated balance sheets:

	As of
	September 30, 2021		December 31, 2020
Accounts payable and accrued expenses	$	130,273	$	106,142
Loans eligible for repurchase liability	48,452		70,593
Deferred tax liabilities, net	32,801		24,183
Operating lease liability (1)	30,407		32,914
Due to brokers	18,819		45,047
Commissions payable	15,640		18,678
Securities sold, not yet purchased	6,266		46,637
Other	22,861		18,671
Total other liabilities and accrued expenses	$	305,519	$	362,865

(1)    See Note (21) Commitments and Contingencies for additional information.