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Mortgage Servicing Rights (Tables)
 12 Months Ended
Dec. 31, 2024
Transfers and Servicing [Abstract]  
Schedule of Activity Related to MSRs
The following table presents activity related to MSRs for the year ended December 31, 2024 (dollar amounts in thousands). The Company did not have MSRs for the years ended December 31, 2023 and 2022.

Year Ended December 31, 2024
Balance at beginning of period
$— 
MSRs received from equity investment
10,917 
Purchases of MSRs
9,470 
Changes in fair value due to:
Changes in valuation inputs or assumptions used in valuation model
912 
Other changes in fair value, including runoff
(296)
Balance at end of period
$21,003 
Schedule of Servicing Income
The following table presents the components of servicing fee income recognized during the year ended December 31, 2024 (dollar amounts in thousands). Servicing fee income is included in other income (loss) on the accompanying consolidated statements of operations.

Year Ended December 31, 2024
Servicing fees
$516 
Prepayment fees
352 
Ancillary and other fee income (1)
38 
Servicing fee income
$906 

(1)Includes default interest and late fee collections.