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