MORTGAGE SERVICING RIGHTS - Summary of Activity of Mortgage Servicing Rights (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Servicing Liability at Fair Value, Amount [Roll Forward] | ||
| Balance — beginning of year | $ 1,161,357 | $ 1,139,539 |
| MSRs originated | 203,191 | 161,378 |
| MSRs purchased, net | 17,826 | 0 |
| Changes in fair value: | ||
| Due to collection/realization of cash flows | $ (75,531) | $ (55,588) |
| Servicing Asset, Fair Value, Change in Fair Value, Other, Statement of Income or Comprehensive Income [Extensible Enumeration] | Valuation adjustment of mortgage servicing rights | Valuation adjustment of mortgage servicing rights |
| Due to changes in valuation model inputs or assumptions | $ 36,986 | $ (83,972) |
| Balance — end of year | $ 1,343,829 | $ 1,161,357 |
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- Definition Servicing Asset At Fair Value, Originations 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 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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- Definition Indicates line item in statement of income or comprehensive income that includes increase (decrease) in fair value classified as other for contract to service financial asset under which benefit of servicing is expected to more than adequately compensate servicer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- 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
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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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