Other Assets and Other Liabilities and Accrued Expenses

12 Months Ended

Dec. 31, 2023

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 consolidated balance sheets:

	As of December 31,
	2023		2022
Accrued investment income	$	6,269	$	3,919
Loans eligible for repurchase	32,183		32,136
Mortgage servicing rights	40,836		41,426
Right of use assets - operating leases (1)	31,469		31,499
Income tax receivable	1,275		19,790
Furniture, fixtures and equipment, net	29,624		21,829
Prepaid expenses	12,985		18,526
Other	10,874		3,018
Total other assets	$	165,515	$	172,143

(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:

	For the Year Ended December 31,
	2023		2022		2021
Depreciation expense related to furniture, fixtures and equipment	$	6,370	$	3,954	$	3,621

Other Liabilities and Accrued Expenses

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

	As of December 31,
	2023		2022
Accounts payable and accrued expenses	$	114,568	$	119,394
Loans eligible for repurchase liability	32,183		32,136
Deferred tax liabilities, net	139,845		90,391
Operating lease liabilities (1)	40,403		38,031
Commissions payable	36,728		42,741
Securities sold, not yet purchased	—		16,575
Derivative liabilities	4,503		13,201
Due to broker/trustee	17,054		39
Other	18,460		15,240
Total other liabilities and accrued expenses	$	403,744	$	367,748

(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 consolidated balance sheets:

	As of December 31,
	2023		2022
Accrued investment income	$	6,269	$	3,919
Loans eligible for repurchase	32,183		32,136
Mortgage servicing rights	40,836		41,426
Right of use assets - operating leases (1)	31,469		31,499
Income tax receivable	1,275		19,790
Furniture, fixtures and equipment, net	29,624		21,829
Prepaid expenses	12,985		18,526
Other	10,874		3,018
Total other assets	$	165,515	$	172,143

(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:

	For the Year Ended December 31,
	2023		2022		2021
Depreciation expense related to furniture, fixtures and equipment	$	6,370	$	3,954	$	3,621

Other Liabilities and Accrued Expenses

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

	As of December 31,
	2023		2022
Accounts payable and accrued expenses	$	114,568	$	119,394
Loans eligible for repurchase liability	32,183		32,136
Deferred tax liabilities, net	139,845		90,391
Operating lease liabilities (1)	40,403		38,031
Commissions payable	36,728		42,741
Securities sold, not yet purchased	—		16,575
Derivative liabilities	4,503		13,201
Due to broker/trustee	17,054		39
Other	18,460		15,240
Total other liabilities and accrued expenses	$	403,744	$	367,748

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