v3.26.1
MSRs (Tables)
12 Months Ended
Dec. 31, 2025
Mortgage Servicing Rights MSR Disclosure [Abstract]  
Schedule of MSR Activity
The following table presents the Company’s MSR activity as of the years ended December 31, 2025 and December 31, 2024:


 December 31, 2025December 31, 2024
Balance at beginning of year$649,287 $691,973 
Changes in fair value due to:  
Changes in valuation inputs or assumptions used in valuation model(17,514)9,836 
Other changes to fair value(1)
(77,527)(52,522)
Balance at end of year$554,246 $649,287 
Loans associated with MSRs(2)
$54,625,160 $62,079,685 
MSR values as percent of loans(3)
1.01 %1.05 %
 
(1)Amounts represent changes due to realization of expected cash flows and prepayment of principal of the underlying loan portfolio.
(2)Amounts represent the unpaid principal balance of loans associated with MSRs outstanding at December 31, 2025 and December 31, 2024, respectively.
(3)Amounts represent the carrying value of MSRs at December 31, 2025 and December 31, 2024, respectively, divided by the outstanding balance of the loans associated with these MSRs.
Schedule of Components of Servicing Income
The following table presents the servicing income recorded on the Company’s consolidated statements of operations for the years ended December 31, 2025 and December 31, 2024:
Year Ended December 31, 2025Year Ended December 31, 2024
Servicing income, net$176,952 $137,230 
Income from MSRs, net$176,952 $137,230