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Fair Value - Schedule of Financial Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Financial assets:    
Loans and investments, net $ 11,835,381 $ 11,934,248
Loans held-for-sale, net 444,956 408,386
Securities held-to-maturity, net 155,469 156,087
Financial liabilities:    
Credit and repurchase facilities 4,967,952 5,149,651
Securitized debt 3,931,468 3,468,258
Senior unsecured notes 2,030,947 2,029,078
Junior subordinated notes 145,707 145,497
Notes payable - real estate owned 253,189 222,965
Level 1    
Financial assets:    
Loans and investments, net 0  
Loans held-for-sale, net 0  
Capitalized mortgage servicing rights, net 0  
Securities held-to-maturity, net 0  
Financial liabilities:    
Credit and repurchase facilities 0  
Securitized debt 0  
Senior unsecured notes 1,968,663  
Junior subordinated notes 0  
Notes payable - real estate owned 0  
Level 2    
Financial assets:    
Loans and investments, net 0  
Loans held-for-sale, net 451,131  
Capitalized mortgage servicing rights, net 0  
Securities held-to-maturity, net 0  
Financial liabilities:    
Credit and repurchase facilities 424,865  
Securitized debt 0  
Senior unsecured notes 0  
Junior subordinated notes 0  
Notes payable - real estate owned 0  
Level 3    
Financial assets:    
Loans and investments, net 11,821,573  
Loans held-for-sale, net 4,994  
Capitalized mortgage servicing rights, net 465,856  
Securities held-to-maturity, net 149,237  
Financial liabilities:    
Credit and repurchase facilities 4,536,445  
Securitized debt 3,954,507  
Senior unsecured notes 0  
Junior subordinated notes 112,772  
Notes payable - real estate owned 252,010  
Carrying Value    
Financial assets:    
Loans and investments, net 11,835,381 11,934,248
Loans held-for-sale, net 443,218 409,081
Capitalized mortgage servicing rights, net 331,929  
Securities held-to-maturity, net 155,469 156,087
Financial liabilities:    
Credit and repurchase facilities 4,967,952 5,149,651
Securitized debt 3,931,468 3,468,258
Senior unsecured notes 2,030,947 2,029,078
Junior subordinated notes 145,707 145,497
Notes payable - real estate owned 253,189 222,965
Fair Value    
Financial assets:    
Loans and investments, net 11,821,573 11,964,280
Loans held-for-sale, net 456,125 421,398
Capitalized mortgage servicing rights, net 465,856  
Securities held-to-maturity, net 149,237 150,147
Financial liabilities:    
Credit and repurchase facilities 4,961,310 5,143,472
Securitized debt 3,954,507 3,487,773
Senior unsecured notes 1,968,663 2,009,938
Junior subordinated notes 112,772 111,992
Notes payable - real estate owned $ 252,010 $ 221,893