| Summary of Reconciliation of Changes in Mortgage Loans Held for Sale to Amounts Presented in Condensed Consolidated Statements of Cash Flows |
A reconciliation of the changes in mortgage loans held for sale to the amounts presented in the Condensed Consolidated Statements of Cash Flows is as follows for the three and nine months ended September 30, 2020 and 2019:
|
|
|
For the three months ended
September 30,
|
|
|
|
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2020
|
|
|
2019
|
|
|
Balance at the beginning of period
|
|
$
|
1,982,521
|
|
|
$
|
1,333,733
|
|
|
Disbursements of MLHS
|
|
|
10,041,907
|
|
|
|
7,129,890
|
|
|
Proceeds from sales of MLHS
|
|
|
(10,233,141
|
)
|
|
|
(6,959,125
|
)
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|
Gain on sale of mortgage loans excluding fair value
of other financial instruments, net
|
|
|
438,871
|
|
|
|
209,630
|
|
|
Increase in fair value of mortgage loans held for sale
|
|
|
8,992
|
|
|
|
(129
|
)
|
|
Balance at the end of period
|
|
$
|
2,239,150
|
|
|
$
|
1,713,999
|
|
|
|
|
For the nine months ended
September 30,
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|
|
|
|
2020
|
|
|
2019
|
|
|
Balance at the beginning of year
|
|
$
|
1,504,842
|
|
|
$
|
966,171
|
|
|
Disbursements of MLHS
|
|
|
24,657,750
|
|
|
|
15,696,586
|
|
|
Proceeds from sales of MLHS
|
|
|
(24,873,813
|
)
|
|
|
(15,425,424
|
)
|
|
Gain on sale of mortgage loans excluding fair value
of other financial instruments, net
|
|
|
897,467
|
|
|
|
467,573
|
|
|
Increase in fair value of mortgage loans held for sale
|
|
|
52,904
|
|
|
|
9,093
|
|
|
Balance at the end of period
|
|
$
|
2,239,150
|
|
|
$
|
1,713,999
|
|
|