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Mortgage Servicing Rights, Net (Tables)
6 Months Ended
Jun. 30, 2018
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 six months ended June 30, 2018 and 2017 were as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Mortgage Servicing Rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

386,953

 

 

$

359,189

 

 

$

399,349

 

 

$

347,558

 

Additions

 

 

25,342

 

 

 

40,459

 

 

 

31,731

 

 

 

69,265

 

Purchases

 

 

1,099

 

 

 

577

 

 

 

1,608

 

 

 

577

 

Amortization

 

 

(20,011

)

 

 

(18,317

)

 

 

(39,305

)

 

 

(35,492

)

Ending balance

 

$

393,383

 

 

$

381,908

 

 

$

393,383

 

 

$

381,908

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Valuation Allowance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(5,427

)

 

$

(4,574

)

 

$

(6,723

)

 

$

(7,742

)

Decrease (increase)

 

 

4,084

 

 

 

(907

)

 

 

5,380

 

 

 

2,261

 

Ending balance

 

 

(1,343

)

 

 

(5,481

)

 

 

(1,343

)

 

 

(5,481

)

      Net balance

 

$

392,040

 

 

$

376,427

 

 

$

392,040

 

 

$

376,427

 

 

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 June 30,

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Servicing fees

 

$

26,092

 

 

$

23,734

 

 

$

51,224

 

 

$

45,784

 

Escrow interest and placement fees

 

 

3,867

 

 

 

2,021

 

 

 

6,834

 

 

 

3,480

 

Ancillary fees

 

 

2,374

 

 

 

1,085

 

 

 

3,201

 

 

 

2,408

 

Total Servicing fees

 

$

32,333

 

 

$

26,840

 

 

$

61,259

 

 

$

51,672