Other Income and Operating Expenses (Tables)

6 Months Ended

Jun. 30, 2026

Other Income and Expenses [Abstract]

Schedule of Composition of Other Income and Operating Expenses

The table below presents the composition of other income and operating expenses.


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Other income:
Origination income	$5,618		$9,530		$12,294		$16,542
Hotel income	10,094		—		18,533		—
Change in repair and denial reserve	(2,318)		(511)		(2,672)		(1,334)
Loss on deconsolidation of trust	(2,840)		—		(2,840)		—
Other	3,660		2,285		6,964		7,686
Total other income	$14,214		$11,304		$32,279		$22,894
Other operating expenses:
Origination costs	3,176		5,571		6,365		12,027
Hotel expense	9,067		—		17,438		—
Technology expense	3,881		2,907		7,902		5,792
Rent and property tax expense	2,682		2,337		5,792		3,691
Depreciation and amortization expense	3,461		1,721		6,922		3,366
Recruiting, training and travel expense	585		665		1,796		1,445
Marketing expense	815		340		1,103		703
Other	9,601		2,592		14,964		5,232
Total other operating expenses	$33,268		$16,133		$62,282		$32,256