MORTGAGE SERVICING RIGHTS - Summary of Activity of Mortgage Servicing Rights (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|
Servicing Asset at Amortized Cost, Balance [Roll Forward] | ||||
Balance — beginning of period | $ 1,216,483 | $ 1,112,161 | $ 1,161,357 | $ 1,139,539 |
MSRs originated | 55,397 | 44,452 | 89,631 | 71,945 |
MSRs purchased | 18,648 | 0 | 18,762 | 0 |
Changes in fair value: | ||||
Due to collection/realization of cash flows | (18,511) | (15,890) | (30,630) | (27,060) |
Due to changes in valuation model inputs or assumptions | 20,645 | 43,780 | 53,542 | 79 |
Balance — end of period | $ 1,292,662 | $ 1,184,503 | $ 1,292,662 | $ 1,184,503 |
X | ||||||||||
- Definition Servicing Asset At Fair Value, Originations No definition available.
|
X | ||||||||||
- 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.
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) from changes in fair value classified as other for a 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/2003/role/disclosureRef
|