Mortgage Servicing Rights - Summary of the Weighted Average Discount Rate, Prepayment Speed and Cost to Service Assumptions Used to Determine the Fair Value of MSRs (Details) - $ / loan |
12 Months Ended | |
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Dec. 31, 2021 |
Dec. 31, 2020 |
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Minimum | ||
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ||
Discount rate | 9.30% | 9.20% |
Prepayment rate | 7.30% | 10.00% |
Cost to service (in USD per loan) | 71.9 | 71.0 |
Maximum | ||
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ||
Discount rate | 15.50% | 15.50% |
Prepayment rate | 29.50% | 38.80% |
Cost to service (in USD per loan) | 247.6 | 409.4 |
Weighted Average | ||
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ||
Discount rate | 9.90% | 10.00% |
Prepayment rate | 13.60% | 18.20% |
Cost to service (in USD per loan) | 91.4 | 92.5 |
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- Definition Assumption For Fair Value Of Assets Or Liabilities That Relate To Transferor's Continuing Involvement, Expected Cost To Service No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Discount rate which is used to value residual cash flows generated by financial assets of a securitization, asset-backed financing arrangement, or similar transfer regardless of when the transfer occurred. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Estimated rate of prepayment of principal on financial assets regardless of when the transfer occurred. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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