Servicing Rights

12 Months Ended

Dec. 31, 2018

As of December 31, 2018 and 2017, we serviced term loans we sold with a remaining unpaid principal balance of $160.0 million and $181.0 million, respectively. No loans were sold during the year ended December 31, 2018. During the years ended December 31, 2017 and 2016, we sold through OnDeck Marketplace loans with an unpaid principal balance of $72.5 million and $368.3 million, respectively.

For the years ended December 31, 2018, 2017 and 2016, we earned $0.8 million, $1.1 million and $1.2 million of servicing revenue, respectively.

The following table summarizes the activity related to the fair value of our servicing assets for the year ended December 31 (in thousands):



	2018			2017
Fair value at the beginning of period	$	154		$	1,131
Addition:
Servicing resulting from transfers of financial assets	140			1,120
Changes in fair value:
Other changes in fair value ⁽¹⁾	(290		)	(2,097		)
Fair value at the end of period (Level 3)	$	4		$	154

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⁽¹⁾ Represents changes due to collection of expected cash flows through December 31, 2018 and 2017.