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Mortgage Loans Held for Sale and Warehouse Lines of Credit (Tables)
 12 Months Ended
Dec. 31, 2024
Mortgage Loans Held For Sale And Warehouse Agreement Borrowings [Abstract]  
Schedule of Warehouse Lines Of Credit
The Company has the following outstanding warehouse lines of credit:
December 31,
(Amounts in thousands)MaturityFacility Size20242023
Funding Facility 1 (1)
September 30, 2025$100,000 $60,747 61,709 
Funding Facility 2 (2)
March 6, 2025150,000 74,472 40,088 
Funding Facility 3 (3)
August 1, 2025175,000 108,851 24,421 
Total warehouse lines of credit$425,000 $244,070 $126,218 
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(1)Interest charged under the facility is at the 30-day term SOFR plus 2.125%. Cash collateral deposit of $15.0 million is maintained and included in restricted cash.
(2)Interest charged under the facility is at the 30-day term SOFR plus 2.10%-2.25%. Cash collateral deposit of $3.8 million is maintained and included in restricted cash. Subsequent to December 31, 2024, the Company extended the maturity to March 6, 2026.
(3)Interest charged under the facility is at the 30-day term SOFR plus 1.75% - 3.75%. There is no cash collateral deposit maintained as of December 31, 2024.
Schedule Of Loans Held For Sale The Company’s LHFS are summarized below by those pledged as collateral and those fully funded by the Company:
December 31,
(Amounts in thousands)20242023
Funding Facility 1$61,341 $63,483 
Funding Facility 283,562 42,316 
Funding Facility 3123,081 26,894 
Total LHFS pledged as collateral267,984 132,693 
Company-funded LHFS10,056 12,386 
Company-funded HELOC118,879 25,098 
Total LHFS396,919 170,177 
Fair value adjustment2,322 (27)
Total LHFS at fair value$399,241 $170,150