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WAREHOUSE AND OTHER LINES OF CREDIT (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The following table presents information on warehouse and securitization facilities and the outstanding balance as of September 30, 2025 and December 31, 2024:
Outstanding Balance
Committed
Amount		Uncommitted
Amount		Total
Facility
Amount		Expiration
Date		September 30,
2025		December 31,
2024
Facility 1(1)
$400,000 $600,000 $1,000,000 9/22/2026$450,992 $504,332 
Facility 2(1)(4)
1,000 299,000 300,000 10/22/2025222,572 201,735 
Facility 3— 225,000 225,000 4/14/202682,402 136,222 
Facility 4(4)
— 175,000 175,000 10/29/2025136,261 91,160 
Facility 5(1)(3)
— 200,000 200,000 N/A— 332 
Facility 6— 300,000 300,000 9/18/2026253,344 276,799 
Facility 7(2)
300,000 — 300,000 9/25/2026300,000 300,000 
Facility 8
250,000 350,000 600,000 11/13/2025331,218 400,703 
Facility 9(1)(4)
— 600,000 600,000 10/30/2025305,917 465,844 
Facility 10(2)
300,000 — 300,000 4/10/2028300,000 — 
Facility 11(1)(3)
— 150,000 $150,000 N/A— — 
Total $1,251,000 $2,899,000 $4,150,000 $2,382,706 $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)This is an early funding facility with an Agency. This facility is an evergreen agreement with no stated termination or expiration date. This agreement can be terminated by either party by written notice.
(4)In October 2025, the maturity date was extended to October 2026.
The following table presents information on borrowings under warehouse and securitization facilities:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2025202420252024
Maximum outstanding balance during the period$2,395,860 $2,565,713 $2,528,173 $2,565,713 
Average balance outstanding during the period2,114,278 2,022,020 2,075,646 1,822,164 
Collateral pledged (loans held for sale)2,559,416 2,727,692 2,559,416 2,727,692 
Weighted average interest rate during the period6.31 %7.22 %6.37 %7.25 %