CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 32,044	$ 22,958
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	367	381
Amortization of right-of-use assets	716	642
Provision for credit losses	1,219	933
Reversal of loan repurchase reserve		(76)
Origination of loans held for sale		(19,088)
Proceeds from sales of loans held for sale		19,816
Net accretion of discount on purchased loans and amortization of deferred loan origination costs	2,310	2,446
Provision for uncollectible borrower advances	599	505
Gain on disposition of loans	(791)	(902)
Real estate acquired through foreclosure in excess of recorded investment	(4,074)	(2,248)
Amortization of debt issuance discount and costs	6,339	10,614
Gain on disposal of property and equipment	(9)
Change in valuation of real estate owned	2,261	1,670
Change in valuation of fair value loans	(36,049)	(10,494)
Change in valuation of mortgage servicing rights	(71)	(207)
Change in valuation of fair value securitized debt	6,961	(5,391)
(Gain) loss on sale of real estate owned	(249)	39
Stock-based compensation	2,936	2,026
Hedging activities	3,240
Deferred tax expense	648	3,154
Change in operating assets and liabilities:
Accrued interest and other receivables	(5,559)	(3,247)
Other assets	(5,466)	5,094
Accounts payable and accrued expenses	14,681	3,804
Net cash provided by operating activities	22,053	32,429
Cash flows from investing activities:
Purchase of loans held for investment	(15,114)	(8,546)
Origination of loans held for investment	(800,896)	(456,534)
Proceeds from sales of loans originally classified as held for investment	49,226	21,489
Payoffs of loans held for investment and loans at fair value	346,440	221,423
Proceeds from sale of real estate owned	15,956	9,411
Change in advances	(3,143)	858
Change in impounds and deposits	1,315	(662)
Purchase of property and equipment	(125)	(48)
Proceeds from sale of property and equipment	640
Purchase of mortgage servicing rights	(3,580)
Net cash used in investing activities	(409,281)	(212,609)
Cash flows from financing activities:
Warehouse repurchase facilities advances	733,776	463,038
Warehouse repurchase facilities repayments	(831,585)	(557,753)
Proceeds from secured financing	74,311
Proceeds of securitizations, net	718,079	461,684
Repayment of securitized debt	(286,987)	(196,457)
Debt issuance costs	(2,720)	(1,373)
Proceeds from issuance of common stocks, net	1,656	875
Purchase of treasury stock	(1,550)	(837)
Distribution to non-controlling interest	(20)	(280)
Net cash provided by financing activities	404,960	168,897
Net increase (decrease) in cash, cash equivalents, and restricted cash	17,732	(11,283)
Cash, cash equivalents, and restricted cash at beginning of period	61,927	62,056
Cash, cash equivalents, and restricted cash at end of period	79,659	50,773
Supplemental cash flow information:
Cash paid during the period for interest	115,961	83,445
Cash paid (received) during the period for income taxes, net	15,865	(844)
Noncash transactions from investing and financing activities:
Transfer of loans held for investment to held for sale	34,191	25,075
Transfer of loans held for investment to real estate owned	20,383	15,935
Transfer of accrued interest to loans held for investment	981	878
Transfer of loans held for sale to held for investment	$ 2,612	4,218
Recognition of new leases in exchange for lease obligations		$ 656