Quarterly report pursuant to Section 13 or 15(d)

General and Administrative Expenses (Tables)

v3.21.2
General and Administrative Expenses (Tables)
 9 Months Ended
Sep. 30, 2021
General and Administrative Expense [Abstract]  
Summary of General and Administrative Expenses
General and administrative expenses consisted of the following (in thousands):
 
    
For the three
months ended
September 30,
2021
     
April 1, 2021 to

September 30,
2021
           
January 1, 2021

to

March 31, 2021
     
For the three
months ended
September 30,
2020
     
For the nine
months ended
September 30,
2020
  
    
Successor
           
Predecessor
  
Title and closing
   
$
31,358
     
$
56,549
        
 
   
$
 25,061     
$
 15,835     
$
 44,512  
Loan origination expenses
   
 
20,983
     
 
38,708
        
 
      20,503        19,771        54,344  
Depreciation and amortization
   
 
16,492
     
 
32,953
        
 
   
 
3,484
     
 
3,367
     
 
10,324
  
Loan portfolio expenses
   
 
15,297
     
 
30,730
        
 
   
 
15,200
     
 
10,520
     
 
29,123
  
Communications and data processing
   
 
14,670
     
 
27,238
    
 
 
 
   
 
11,324
     
 
8,726
     
 
23,053
  
Securitization expenses
   
 
13,237
     
 
24,068
        
 
   
 
6,944
     
 
5,243
     
 
13,592
  
Business development
   
 
10,492
     
 
20,139
        
 
   
 
10,607
     
 
8,247
     
 
25,837
  
Licensing and insurance
   
 
2,906
     
 
6,363
        
 
   
 
2,487
     
 
1,411
     
 
4,677
  
Fair value change in deferred purchase price liability
   
 
237
     
 
1,997
        
 
   
 
30
     
 
—  
 
   
 
—  
 
Other expenses
   
 
15,923
     
 
22,151
        
 
      31,577        40,684        68,122  
    
 
 
     
 
 
             
 
 
     
 
 
     
 
 
  
Total general and administrative expenses
   
$
141,595
     
$
260,896
             
$
 127,217     
$
 113,804     
$
 273,584