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WAREHOUSE AND OTHER LINES OF CREDIT (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The following table presents information on warehouse and securitization facilities and the outstanding balance as of March 31, 2025 and December 31, 2024:
Outstanding Balance
Committed
Amount		Uncommitted
Amount		Total
Facility
Amount		Expiration
Date		March 31,
2025		December 31,
2024
Facility 1(1)
$400,000 $600,000 $1,000,000 9/23/2025$596,587 $504,332 
Facility 2(1)
1,000 299,000 300,000 9/22/2025276,618 201,735 
Facility 3(3)
— 225,000 225,000 4/15/2025166,107 136,222 
Facility 4— 175,000 175,000 10/29/2025140,913 91,160 
Facility 5(1)
— 200,000 200,000 N/A— 332 
Facility 6— 300,000 300,000 9/19/2025246,798 276,799 
Facility 7(2)
300,000 — 300,000 9/25/2026300,000 300,000 
Facility 8250,000 350,000 600,000 11/13/2025455,973 400,703 
Facility 9(1)
— 600,000 600,000 10/30/2025307,451 465,844 
Total $951,000 $2,749,000 $3,700,000 $2,490,447 $2,377,127 
(1)In addition to the warehouse line, the lender provides a separate gestation facility to finance recently sold MBS up to the MBS settlement date.
(2)Securitization backed by a revolving warehouse facility to finance newly originated first-lien fixed and adjustable rate mortgage loans.
(3)In April 2025, the maturity date was extended to April 2026.

The following table presents information on borrowings under warehouse and securitization facilities:
Three Months Ended
March 31,
20252024
Maximum outstanding balance during the period$2,490,447 $2,070,875 
Average balance outstanding during the period1,839,404 1,625,164 
Collateral pledged (loans held for sale)2,709,524 2,181,270 
Weighted average interest rate during the period6.40 %7.24 %