MORTGAGE SERVICING RIGHTS (Tables)

9 Months Ended

Sep. 30, 2019

MORTGAGE SERVICING RIGHTS

Schedule of Activity Related to Capitalized MSRs, Net of Accumulated Amortization

	For the three months ended				For the nine months ended
	September 30,				September 30,
Roll Forward of MSRs (in thousands)	2019		2018		2019		2018
Beginning balance	$	688,027	$	638,914	$	670,146	$	634,756
Additions, following the sale of loan		48,198		46,107		143,995		119,588
Purchases		—		—		—		1,814
Amortization		(34,531)		(33,157)		(103,001)		(98,119)
Pre-payments and write-offs		(4,344)		(4,676)		(13,790)		(10,851)
Ending balance	$	697,350	$	647,188	$	697,350	$	647,188

Summary of Components of Net Carrying Value of Acquired and Originated MSRs

Components of MSRs (in thousands)	September 30, 2019		December 31, 2018
Gross Value	$	1,168,058	$	1,100,439
Accumulated amortization		(470,708)		(430,293)
Net carrying value	$	697,350	$	670,146

Schedule of Expected Amortization of MSRs

	Expected
(in thousands)	Amortization
Three Months Ending December 31,
2019	$	33,863
Year Ending December 31,
2020	$	127,477
2021		114,030
2022		98,590
2023		86,425
2024		72,868
Thereafter		164,097
Total	$	697,350