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Mortgage Servicing Rights, Net (Tables)
9 Months Ended
Sep. 30, 2017
Transfers And Servicing [Abstract]  
Summary of Changes In Carrying Amount of Mortgage Servicing Rights

The changes in the carrying amount of mortgage servicing rights for the three and nine months ended September 30, 2017 and 2016 were as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Mortgage Servicing Rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

381,908

 

 

$

292,809

 

 

$

347,558

 

 

$

271,849

 

Additions

 

 

29,549

 

 

 

46,293

 

 

 

98,814

 

 

 

92,555

 

Purchases from an affiliate

 

 

 

 

 

198

 

 

 

577

 

 

 

2,379

 

Purchases from third parties

 

 

 

 

 

3,465

 

 

 

 

 

 

3,465

 

Amortization

 

 

(19,183

)

 

 

(15,278

)

 

 

(54,675

)

 

 

(42,761

)

Ending balance

 

$

392,274

 

 

$

327,487

 

 

$

392,274

 

 

$

327,487

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(5,481

)

 

$

(11,377

)

 

$

(7,742

)

 

$

(7,936

)

Decrease (increase)

 

 

(658

)

 

 

(2,181

)

 

 

1,603

 

 

 

(5,622

)

Ending balance

 

 

(6,139

)

 

 

(13,558

)

 

 

(6,139

)

 

 

(13,558

)

      Net balance

 

$

386,135

 

 

$

313,929

 

 

$

386,135

 

 

$

313,929

 

 

Schedule of Contractually Specified Servicing Fees and Ancillary Fees Earned

The amount of contractually specified servicing fees (including primary and special servicing fees) and ancillary fees (including yield maintenance fees) earned by the Company were as follows:

 

 

Three Months Ended

September 30,

 

Nine Months Ended

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

2016

 

Servicing fees

 

$

24,721

 

 

$

19,985

 

 

$

70,505

 

$

56,617

 

Escrow interest and placement fees

 

 

2,835

 

 

 

945

 

 

 

6,315

 

 

2,584

 

Ancillary fees

 

 

1,501

 

 

 

1,572

 

 

 

3,909

 

 

2,998

 

Total Servicing fees

 

$

29,057

 

 

$

22,502

 

 

$

80,729

 

$

62,199