MORTGAGE SERVICING RIGHTS - Schedule of Activity of Mortgage Servicing Rights (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| Servicing Asset at Fair Value, Balance [Roll Forward] | ||||
| Balance — beginning of period | $ 1,184,503 | $ 1,030,310 | $ 1,139,539 | $ 675,340 |
| MSRs originated | 51,733 | 57,477 | 123,678 | 206,772 |
| Changes in fair value: | ||||
| Due to collection/realization of cash flows | (16,127) | (19,659) | (43,187) | (70,380) |
| Due to changes in valuation model inputs or assumptions | 38,204 | 61,423 | 38,283 | 317,819 |
| Balance — end of period | $ 1,258,313 | $ 1,129,551 | $ 1,258,313 | $ 1,129,551 |
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- Definition Servicing asset at fair value, changes in fair value resulting from collection or realization of cash flows. No definition available.
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- Definition The value of new servicing assets, subsequently measured at fair value, acquired or created during the current period through purchases or from transfers of financial assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value of an asset representing net future revenue from contractually specified servicing fees, late charges, and other ancillary revenues, in excess of future costs related to servicing arrangements. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition Amount of increase (decrease) in fair value from changes in the inputs, assumptions, or model used to calculate the fair value of the contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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