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MORTGAGE SERVICING RIGHTS (Tables)
3 Months Ended
Mar. 31, 2020
MORTGAGE SERVICING RIGHTS  
Schedule of Activity Related to Capitalized MSRs, Net of Accumulated Amortization

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For the three months ended

 

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March 31, 

 

Roll Forward of MSRs (in thousands)

    

2020

    

2019

 

Beginning balance

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$

718,799

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$

670,146

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Additions, following the sale of loan

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44,214

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47,102

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Amortization

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(35,218)

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(34,203)

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Pre-payments and write-offs

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(5,309)

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(5,099)

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Ending balance

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$

722,486

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$

677,946

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Summary of Components of Net Carrying Value of MSRs

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Components of MSRs (in thousands)

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March 31, 2020

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December 31, 2019

Gross Value

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$

1,221,877

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$

1,201,542

Accumulated amortization

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(499,391)

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(482,743)

Net carrying value

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$

722,486

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$

718,799

Schedule of Expected Amortization of MSRs

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Expected

(in thousands)

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  Amortization  

Nine Months Ending December 31, 

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2020

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$

101,336

Year Ending December 31, 

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2021

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$

124,191

2022

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109,526

2023

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96,770

2024

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83,594

2025

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69,674

Thereafter

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137,395

Total

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$

722,486