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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Changes in Fair Value of Derivative Instruments | Changes in the fair value of the Company's derivative financial instruments are as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Unrealized hedging gains | $ | 10,699 |  |  | $ | 29,290 |  |  | $ | 26,454 |  |  | $ | 22,366 |
Schedule of Notional and Fair Value of Derivative Financial Instruments Not Designated as Hedging Instruments | The notional and fair value of derivative financial instruments not designated as hedging instruments were as follows at September 30, 2023 and December 31, 2022:
|  |  | Fair Value
| Notional Value |  | Derivative Asset |  | Derivative Liability
Balance at September 30, 2023 |  |  |  |  |
IRLCs | $ | 1,212,847 |  |  | $ | 12,219 |  |  | $ | — |
Forward delivery commitments and best efforts sales commitments | $ | 1,387,849 |  |  | $ | 12,182 |  |  | $ | — |
Balance at December 31, 2022 |  |  |  |  |
IRLCs | $ | 810,514 |  |  | $ | 1,518 |  |  | $ | — |
Forward delivery commitments and best efforts sales commitments | $ | 1,127,154 |  |  | $ | 1,602 |  |  | $ | 5,173 |
Schedule of Quantitative Information About IRLCs and Fair Value Measurements | The following table presents the quantitative information about IRLCs and the fair value measurements:
|  | September 30, 2023 |  | December 31, 2022
Unobservable Input |  | Range (Weighted Average)
Loan funding probability (“pull-through”) |  | 0% -100% (84.3%) |  | 0% - 100% (93.4%)
Schedule of Financial Liabilities that are Subject to Master Netting Arrangements or Similar Agreements Categorized by Financial Instrument | The table below represents financial assets and liabilities that are subject to master netting arrangements categorized by financial instrument:
| Gross Amounts of Recognized Assets (Liabilities) |  | Gross Amounts Offset in the Balance Sheet |  | Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
September 30, 2023 |  |  |  |  |
Forward delivery commitments and best efforts sales commitments | $ | 12,609 |  |  | $ | (427) |  |  | $ | 12,182 |
Total assets | $ | 12,609 |  |  | $ | (427) |  |  | $ | 12,182 |
December 31, 2022 |  |  |  |  |
Forward delivery commitments | $ | 1,887 |  |  | $ | (285) |  |  | $ | 1,602 |
Total assets | $ | 1,887 |  |  | $ | (285) |  |  | $ | 1,602 |
Forward delivery commitments and best efforts sales commitments | $ | (11,399) |  |  | $ | 4,959 |  |  | $ | (6,440) |
Margin calls | 1,267 |  |  | — |  |  | 1,267 |
Total liabilities | $ | (10,132) |  |  | $ | 4,959 |  |  | $ | (5,173) |
Schedule of Financial Assets that are Subject to Master Netting Arrangements or Similar Agreements Categorized by Financial Instrument | The table below represents financial assets and liabilities that are subject to master netting arrangements categorized by financial instrument:
| Gross Amounts of Recognized Assets (Liabilities) |  | Gross Amounts Offset in the Balance Sheet |  | Net Amounts of Recognized Assets (Liabilities) in the Balance Sheet
September 30, 2023 |  |  |  |  |
Forward delivery commitments and best efforts sales commitments | $ | 12,609 |  |  | $ | (427) |  |  | $ | 12,182 |
Total assets | $ | 12,609 |  |  | $ | (427) |  |  | $ | 12,182 |
December 31, 2022 |  |  |  |  |
Forward delivery commitments | $ | 1,887 |  |  | $ | (285) |  |  | $ | 1,602 |
Total assets | $ | 1,887 |  |  | $ | (285) |  |  | $ | 1,602 |
Forward delivery commitments and best efforts sales commitments | $ | (11,399) |  |  | $ | 4,959 |  |  | $ | (6,440) |
Margin calls | 1,267 |  |  | — |  |  | 1,267 |
Total liabilities | $ | (10,132) |  |  | $ | 4,959 |  |  | $ | (5,173) |

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