CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net income	$ 44,818	$ 32,044
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	270	367
Amortization of right-of-use assets	675	716
Provision for credit losses	3,470	1,219
Origination of loans held for sale	(45,809)
Proceeds from sales of loans held for sale	46,954
Net accretion of discount on purchased loans and amortization of deferred loan origination costs	1,991	2,310
Provision for uncollectible borrower advances	587	599
Gain on disposition of loans	(1,145)	(791)
Real estate acquired through foreclosure in excess of recorded investment	(7,975)	(4,074)
Amortization of debt issuance discount and costs	5,343	6,339
Change in valuation of real estate owned	4,223	2,261
Change in valuation of fair value loans	(64,742)	(36,049)
Change in valuation of mortgage servicing rights	1,223	(71)
Change in valuation of fair value securitized debt	21,266	6,961
Gain on sale of real estate owned	(1,090)	(249)
Stock-based compensation	3,999	2,936
Hedging activities	(3,404)	3,240
Deferred tax expense	2,096	648
Change in operating assets and liabilities:
Accrued interest and other receivables	(8,150)	(5,559)
Other assets	(6,159)	(5,475)
Accounts payable and accrued expenses	12,757	14,681
Net cash provided by operating activities	11,198	22,053
Cash flows from investing activities:
Purchase of loans held for investment		(15,114)
Origination of loans held for investment	(1,320,002)	(800,896)
Proceeds from sales of loans originally classified as held for investment		49,226
Payoffs of loans held for investment and loans at fair value	454,240	346,440
Proceeds from sale of real estate owned	22,537	15,956
Capitalized improvement on real estate held for sale	(19)
Change in advances	(2,284)	(3,143)
Change in impounds and deposits	3,075	1,315
Purchase of property and equipment	(158)	(125)
Proceeds from sale of property and equipment		640
Purchase of mortgage servicing rights		(3,580)
Net cash used in investing activities	(842,611)	(409,281)
Cash flows from financing activities:
Warehouse repurchase facilities advances	1,481,924	733,776
Warehouse repurchase facilities repayments	(1,498,852)	(831,585)
Proceeds from secured financing		74,311
Proceeds of securitized debt, net	1,334,657	718,079
Repayment of securitized debt	(493,337)	(286,987)
Debt issuance costs	(1,043)	(2,720)
Deferred stock issuance costs	(379)
Proceeds from issuance of common stock related to warrants exercised	10,908
Proceeds from issuance of common stock, net	31,096	1,656
Purchase of treasury stock	(7,155)	(1,550)
Distribution to non-controlling interest	(47)	(20)
Net cash provided by financing activities	857,772	404,960
Net increase in cash, cash equivalents, and restricted cash	26,359	17,732
Cash, cash equivalents, and restricted cash at beginning of period	70,830	61,927
Cash, cash equivalents, and restricted cash at end of period	97,189	79,659
Supplemental cash flow information:
Cash paid during the period for interest	158,869	115,961
Cash paid during the period for income taxes, net	18,743	15,865
Noncash transactions from investing and financing activities:
Transfer of loans held for investment to held for sale		34,191
Transfer of loans held for investment to real estate owned	43,063	20,383
Transfer of accrued interest to loans held for investment	1,219	981
Transfer of loans held for sale to held for investment		2,612
Recognition of new leases in exchange for lease obligations	1,384
Deferred stock issuance costs charged against additional paid-in capital	$ 379	$ 1