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CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Class Of Stock [Line Items]    
Allowance for credit losses $ 4,860 $ 4,521
Common stock, par or stated value per share $ 0.01 $ 0.01
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 40,071,992 39,573,657
Common stock, shares, outstanding 39,235,281 38,965,317
Treasury stock, common shares 836,711 608,340
ASSETS    
Restricted cash $ 24,996 $ 157,134
Loans held for investment, at amortized cost 1,951,030 2,028,262
Loans held for investment, at fair value 5,154,508 4,729,869
Real estate owned, net 131,849 118,289
Deferred tax asset, net 18,462 22,709
Other assets 6,033 9,451
Total assets 7,591,443 7,381,513
LIABILITIES    
Accounts payable and accrued expenses 173,076 168,314
Total liabilities 6,895,039 6,705,825
Variable Interest Entity Primary Beneficiary    
ASSETS    
Restricted cash 15,489 151,827
Loans held for investment, at amortized cost 1,947,390 2,023,030
Loans held for investment, at fair value 4,652,149 4,273,757
Accrued interest and other receivables 185,712 191,313
Real estate owned, net 115,316 114,485
Deferred tax asset, net 1,066 1,085
Other assets 3 5
Total assets 6,917,125 6,755,502
LIABILITIES    
Accounts payable and accrued expenses 125,482 120,691
Securitized debt 6,065,235 5,942,326
Total liabilities $ 6,190,717 $ 6,063,017