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Mortgage Servicing Rights (Tables)
 3 Months Ended
Mar. 31, 2025
Transfers and Servicing [Abstract]  
Schedule of Activity Related to MSRs
The following table presents activity related to MSRs for the three months ended March 31, 2025 (dollar amounts in thousands). The Company did not have MSRs during the three months ended March 31, 2024.

For the Three Months Ended March 31, 2025
Balance at beginning of period
$21,003 
Changes in fair value due to:
Changes in valuation inputs or assumptions used in valuation model
(347)
Other changes in fair value, including runoff
(359)
Balance at end of period
$20,297 
Schedule of Servicing Income
The following table presents the components of servicing fee income recognized during the three months ended March 31, 2025 (dollar amounts in thousands). Servicing fee income is included in other income (loss) on the accompanying condensed consolidated statements of operations.

For the Three Months Ended March 31, 2025
Servicing fees
$1,249 
Prepayment fees
680 
Ancillary and other fee income (1)
50 
Servicing fee income
$1,979 

(1)Includes default interest and late fee collections.