v3.25.2
Revenue
 6 Months Ended
Jun. 30, 2025
Revenue [Abstract]  
Revenue
3. Revenue
Revenue— The Company disaggregates revenue based on the following revenue streams:
Gain on loans, net consisted of the following:
Three Months Ended June 30,Six Months Ended June 30,
(Amounts in thousands)2025202420252024
Gain on sale of loans, net$34,015 $18,374 $55,293 $28,195 
Broker revenue2,335 2,476 3,506 4,744 
Loan repurchase reserve recovery/(provision)422 3,379 2,549 6,942 
Total gain on loans, net$36,772 $24,229 $61,348 $39,881 
Other revenue consisted of the following:
Three Months Ended June 30,Six Months Ended June 30,
(Amounts in thousands)2025202420252024
International lending revenue$1,446 $1,219 $2,974 $2,327 
Insurance services825 537 1,498 1,176 
Real estate services151 653 1,098 1,000 
Other revenue878 472 1,760 1,195 
Total other revenue$3,300 $2,881 $7,330 $5,698 
Net interest income consisted of the following:
Three Months Ended June 30,Six Months Ended June 30,
(Amounts in thousands)2025202420252024
Mortgage interest income$7,787 $4,468 $14,223 $7,432 
Interest income on loans held for investment3,894 221 5,773 302 
Interest income from investments2,476 4,708 4,606 10,299 
Warehouse interest expense(5,727)(2,310)(8,515)(4,397)
Interest expense on customer deposits(4,352)(267)(6,357)(370)
Other interest expense (1)
(6)(1,668)(1,711)(4,332)
Total net interest income/(loss)$4,072 $5,152 $8,019 $8,934 
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(1) Primarily consists of interest on Convertible Notes, see Note 10 for more details.