SERVICING

12 Months Ended

Dec. 31, 2025

Loans and Other Servicing Accounts

SERVICING

SERVICING

NOTE 6—SERVICING

The total unpaid principal balance of loans the Company was servicing for various institutional investors was $144.0 billion as of December 31, 2025 compared to $135.3 billion as of December 31, 2024.

As of December 31, 2025 and 2024, custodial deposit accounts relating to loans serviced by the Company totaled $3.1 billion and $2.7 billion, respectively. These amounts are not included in the Consolidated Balance Sheets as such amounts are not Company assets; however, the Company is entitled to placement fees on these escrow deposits, presented within Placement fees and other interest income in the Consolidated Statements of Income. Certain cash deposits exceed the FDIC insured limits; however, the Company believes it has mitigated this risk by holding uninsured deposits at large national banks.