Annual report pursuant to Section 13 and 15(d)

MORTGAGE LOANS HELD FOR SALE (Tables)

v3.22.4
MORTGAGE LOANS HELD FOR SALE (Tables)
12 Months Ended
Dec. 31, 2022
Mortgage Loans Held For Sale [Abstract]  
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 Consolidated Statements of Cash Flows for the years ended December 31, 2022 and 2021 is set forth below:
2022 2021
Balance at the beginning of period $ 2,204,216  $ 2,368,777 
Origination of mortgage loans held for sale 19,220,547  37,178,171 
Proceeds on sale of and payments from mortgage loans held for sale (21,062,670) (39,029,444)
Mortgage loans acquired (see Note 3) —  465,020 
Gain on sale of mortgage loans excluding fair value of other financial instruments, net
528,243  1,289,465 
Valuation adjustment of mortgage loans held for sale (44,561) (67,773)
Balance at the end of period $ 845,775  $ 2,204,216