MORTGAGE SERVICING RIGHTS (Tables)

12 Months Ended

Dec. 31, 2024

Mortgage Servicing Rights MSR Disclosure [Abstract]

Schedule of MSR Activity

The following table presents the Company’s MSR activity as of the years ended December 31, 2024 and December 31, 2023:

	December 31, 2024			December 31, 2023
Balance at beginning of year	$	691,973		$	795,656
Changes in fair value due to:
Changes in valuation inputs or assumptions used in valuation model	9,836			(23,963)
Other changes to fair value(1)	(52,522)			(79,720)
Balance at end of year	$	649,287		$	691,973
Loans associated with MSRs(2)	$	62,079,685		$	67,283,657
MSR values as percent of loans(3)	1.05		%	1.03		%

(1)Amounts represent changes due to realization of expected cash flows and prepayment of principal of the underlying loan portfolio.

(2)Amounts represent the unpaid principal balance of loans associated with MSRs outstanding at December 31, 2024 and December 31, 2023, respectively.

(3)Amounts represent the carrying value of MSRs at December 31, 2024 and December 31, 2023, respectively divided by the outstanding balance of the loans associated with these MSRs.

Schedule of Components of Servicing Income

The following table presents the servicing income recorded on the Company’s consolidated statements of operations for the years ended December 31, 2024 and December 31, 2023:

	Year Ended December 31, 2024		Year Ended December 31, 2023
Servicing income, net	$	137,230	$	208,997
Income from MSRs, net	$	137,230	$	208,997