MORTGAGE SERVICING RIGHTS - Summary of Actual Revenue Generated from Servicing Activities (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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Transfers and Servicing [Abstract] | ||||
Servicing fees from servicing portfolio | $ 66,065 | $ 59,410 | $ 130,099 | $ 118,390 |
Late fees | 2,042 | 1,619 | 4,098 | 3,287 |
Other ancillary servicing revenue and fees | (398) | (818) | (700) | (1,379) |
Total loan servicing and other fees | $ 67,709 | $ 60,211 | $ 133,497 | $ 120,298 |
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- Definition Ancillary Fee Income (Expense) Generated by Servicing Financial Assets, Amount No definition available.
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- Definition Servicing fees from servicing portfolio. No definition available.
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- Definition Amount of contractually specified servicing fee, late fee, and ancillary fee recognized as income for servicing asset and servicing liability. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition All amounts that are due to the servicer of a financial asset as a result of the debt holder not meeting the monthly payment terms. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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