March 31,

December 31,

2025

2024

(in thousands)

Margin deposits

$

183,678

$

288,153

Capitalized software, net

115,958

120,802

Servicing fees receivable, net

44,566

38,676

Other servicing receivables

47,255

54,058

Prepaid expenses

42,546

45,762

Interest receivable

37,791

41,286

Operating lease right-of-use assets

33,728

36,572

Real estate acquired in settlement of loans

26,582

14,976

Deposits securing Assets sold under agreements to repurchase and
Notes payable secured by mortgage servicing assets

13,768

16,697

Furniture, fixtures, equipment and building improvements, net

11,371

12,916

Other

106,120

100,183

$

663,363

$

770,081

Deposits securing Assets sold under agreements to repurchase or Notes payable secured by mortgage servicing assets

$

13,768

$

16,697