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Fair Value Measurements - Rollforward of Loans held for investment and held for sale and Securitized Debt Measured at Estimated Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |  |  |  |
Beginning balance | $ 3,826,505 | $ 1,971,683 | $ 2,766,951 | $ 1,306,072
Originations | 713,017 | 456,328 | 2,033,018 | 1,257,225
Loans liquidated | (155,963) | (93,065) | (437,624) | (232,615)
Acquisition |  | 1,500 |  | 16,490
REO Transfer | (23,186) | (4,227) | (42,526) | (6,448)
Principal paydowns and payoffs | (19,519) | (12,784) | (43,707) | (26,586)
Unrealized gain included in net income | 30,463 | 35,246 | 95,205 | 72,003
Loans transfer (to held for sale) from held for investment |  | (936) |  | (32,515)
Loans repurchased |  | 973 |  | 1,092
Ending balance | 4,371,317 | 2,354,718 | 4,371,317 | 2,354,718
Loans Held For Investment |  |  |  |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |  |  |  |
Ending balance | 4,371,317 |  | 4,371,317 |
Loans Held For Sale |  |  |  |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |  |  |  |
Beginning balance |  |  |  | 17,590
Originations | 2,071 | 18,947 | 47,879 | 18,947
Loans liquidated |  | (936) | (46,953) | (49,366)
Principal paydowns and payoffs |  |  |  | (31)
Unrealized gain included in net income | 519 |  | 519 |
Realized gain (loss) included in net income | 0 | 284 | 1,145 | (424)
Loans transfer (to held for sale) from held for investment |  | 936 |  | 32,515
Ending balance | 2,590 | 19,231 | 2,590 | 19,231
Securitized Debt |  |  |  |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |  |  |  |
Beginning balance | 3,232,769 | 1,509,952 | 2,207,408 | 877,417
Additions | 666,237 | 286,966 | 2,022,738 | 1,005,044
Principal paydowns and payoffs | (160,105) | (72,645) | (512,511) | (165,150)
Total gain (loss) gain included in net income | 9,988 | 24,995 | 31,254 | 31,957
Ending balance | $ 3,748,889 | $ 1,749,268 | $ 3,748,889 | $ 1,749,268

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- Definition Amount of gain (loss) recognized in income from derivative asset (liability) after deduction of derivative liability (asset), measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Amount of sales of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset), measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Amount of settlements of financial instrument classified as a derivative asset (liability) after deduction of derivative liability, measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Amount of transfers of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) into (out of) level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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