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, 2022 |
Dec. 31, 2021 |
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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 | 9.60% | 9.30% |
Prepayment rate | 6.60% | 7.30% |
Cost to service (in USD per loan) | 66.7 | 71.9 |
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 | 15.70% | 15.50% |
Prepayment rate | 28.60% | 29.50% |
Cost to service (in USD per loan) | 330.4 | 247.6 |
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 | 10.60% | 9.90% |
Prepayment rate | 7.50% | 13.60% |
Cost to service (in USD per loan) | 92.0 | 91.4 |
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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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