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COMMITMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of future minimum payments under operating lease agreements
Future minimum payments as of December 31, 2017 under operating lease agreements having an initial or remaining non-cancelable lease term in excess of one year are as follows (in thousands):
Year ending December 31,
 
Amount
2018
 
$
1,754

2019
 
1,811

2020
 
1,389

2021
 
63

2022
 
59

Total
 
$
5,076

Schedule of funding commitments that could potentially require performance in the event of demands by third parties or contingent events
The Company has funding commitments that could potentially require performance in the event of demands by third parties or contingent events, as follows (in thousands):
 
Commitments Due By Period
 
Total
 
Less Than
1 year
 
1-3 years
 
3-5 years
 
More Than
5 years
Surety bonds (a)
$
4,393

 
$
4,368

 
$
25

 
$

 
$

Litigation bonds (b)
140

 
140

 

 

 

Total
$
4,533

 
$
4,508

 
$
25

 
$

 
$


(a) State laws and regulations generally require businesses which engage in mortgage brokering activity to maintain a mortgage broker or similar license. Mortgage brokering activity is generally defined to include, among other things, receiving valuable consideration for offering assistance to a buyer in obtaining a residential mortgage or soliciting financial and mortgage information from the public and providing that information to an originator of residential mortgage loans. All states require that the Company maintain surety bonds for potential claims.
(b) Bonds required for certain legal matters.