Loans Held for Sale and Loans Sold |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Transfers and Servicing [Abstract] | |
| Loans Held for Sale and Loans Sold | Loans Held for Sale and Loans Sold Other Loan Sales - From time to time the Company has entered into agreements to sell certain populations of its personal loans, including non-performing loans originated as held for investment. The sold loans are accounted for under the fair value option. The loan sales qualify for sale accounting treatment and the Company derecognizes these loans from its Condensed Consolidated Balance Sheets (Unaudited) upon sale. Whole Loan Sale Program ‑ The Company enters into whole loan sale agreements with third parties in which the Company agrees to sell newly originated unsecured personal loans and secured personal loans. The originations of loans sold and held for sale during the three months ended June 30, 2026 was $25.9 million and the Company recorded a gain on sale of $1.4 million and servicing revenue of $1.5 million. The originations of loans sold and held for sale during the three months ended June 30, 2025 was $39.9 million and the Company recorded a gain on sale of $1.5 million and servicing revenue of $1.8 million. The originations of loans sold and held for sale during the six months ended June 30, 2026 was $51.7 million and the Company recorded a gain on sale of $2.8 million and servicing revenue of $3.2 million. The originations of loans sold and held for sale during the six months ended June 30, 2025 was $72.2 million and the Company recorded a gain on sale of $3.0 million and servicing revenue of $3.5 million.
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