v3.25.1
ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITES (Tables)
 12 Months Ended
Dec. 31, 2024
Payables and Accruals [Abstract]  
Schedule of accounts payable and accrued liabilities
The following table details the components of accounts payable, accrued expenses and other liabilities at December 31, 2024 and December 31, 2023:
December 31, 2024December 31, 2023
Loan related remittances due to SBA and participants$2,203 $3,577 
Accrued payroll and related payables332 1,349 
Accrued interest6,035 4,114 
Funds in process to PMT's payroll customers5,700 5,060 
Loan processing, servicing and other loan related payables3,185 3,793 
SBA repair & denial reserve1
3,573 3,063 
Good faith deposits1,499 893 
Other18,279 15,451 
Total accounts payable, accrued expenses and other liabilities$40,806 37,300 
1 The Company may be exposed to repair and denial liability to the SBA for SBA 7(a) loans in its portfolio. The Company established a loss contingency reserve in accordance with ASC 450-20. To determine the reserve the Company utilizes probability of default and loss given default rates, which are consistent with the assumptions used in its cash flow projections when estimating the fair value of loans. These factors are applied to the outstanding balances of guaranteed SBA 7(a) loans as well as a rate of repurchase based on historical experience.