Other Assets (Tables)

6 Months Ended

Jun. 30, 2025

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

Schedule of Other Assets

The following table provides additional details of the Company's assets included in Other assets on the Condensed Consolidated Balance Sheet at June 30, 2025 and December 31, 2024.

Other Assets	June 30, 2025		December 31, 2024
	(In thousands)
Prepaid expenses, advances, and deferred offering costs	$	13,379	$	12,396
Leases—right of use assets(1)	4,132		5,161
Loan purchase commitments	4,009		—
Prepaid scheduled draws on reverse mortgage loans and amounts due from sub-servicer	3,558		3,375
Accounts receivable	2,676		4,985
Intangible assets	1,920		2,171
Receivables and claims related to reverse mortgage loans repurchased from HMBS(3)	1,179		1,239
Property and equipment(2)	1,058		1,360
Certificates of deposit, security deposits, and escrow cash	840		1,604
Other	232		513
	$	32,983	$	32,804

(1)See Note 24 for additional details on the Company's leases and ROU assets.

(2)Net of accumulated depreciation.

(3)Represents receivables from third-parties and claims to HUD related to loans repurchased from HMBS. See Note 13, Issuance of HMBS for discussion on the maximum claim amount related to reverse mortgage loans in HMBS.

Schedule of Intangible Assets and Goodwill

The following table details the Company's intangible assets as of June 30, 2025 and December 31, 2024.

	June 30, 2025							December 31, 2024
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Useful Life	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Useful Life
	(In thousands)						(In months)	(In thousands)						(In months)
Intangible Asset:
Internally developed software	$	1,400	$	(1,284)	$	116	36	$	1,400	$	(1,050)	$	350	36
Trademarks/trade names	1,200		—		1,200		Indefinite	1,200		—		1,200		Indefinite
Customer relationships	700		(96)		604		240	700		(79)		621		240
Total identified intangible assets	$	3,300	$	(1,380)	$	1,920		$	3,300	$	(1,129)	$	2,171

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes changes in the net carrying value of the Company's intangible assets for the three- and six-month periods ended June 30, 2025 and 2024.

	Three-Month Period Ended June 30, 2025								Three-Month Period Ended June 30, 2024
(In thousands)	Internally Developed Software		Trademarks/Trade Names		Customer Relationships		Total		Internally Developed Software		Trademarks/Trade Names		Customer Relationships		Total
Net carrying value of intangible assets—Beginning Balance	$	233	$	1,200	$	613	$	2,046	$	700	$	1,200	$	648	$	2,548
Accumulated Amortization	(117)		—		(9)		(126)		(117)		—		(9)		(126)
Net carrying value of intangible assets—Ending Balance	$	116	$	1,200	$	604	$	1,920	$	583	$	1,200	$	639	$	2,422

	Six-Month Period Ended June 30, 2025								Six-Month Period Ended June 30, 2024
(In thousands)	Internally Developed Software		Trademarks/Trade Names		Customer Relationships		Total		Internally Developed Software		Trademarks/Trade Names		Customer Relationships		Total
Net carrying value of intangible assets—Beginning Balance	$	350	$	1,200	$	621	$	2,171	$	817	$	1,200	$	656	$	2,673
Accumulated Amortization	(234)		—		(17)		(251)		(234)		—		(17)		(251)
Net carrying value of intangible assets—Ending Balance	$	116	$	1,200	$	604	$	1,920	$	583	$	1,200	$	639	$	2,422

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table summarizes the Company's estimated future amortization expense on its intangible assets.

(In thousands)	June 30, 2025
2025	$	134
2026	35
2027	35
2028	35
2029	35
Thereafter	446
Total	$	720