MORTGAGE SERVICING RIGHTS (Tables)

6 Months Ended

Jun. 30, 2020

MORTGAGE SERVICING RIGHTS

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

	For the three months ended				For the six months ended
	June 30,				June 30,
Roll Forward of MSRs (in thousands)	2020		2019		2020		2019
Beginning balance	$	722,486	$	677,946	$	718,799	$	670,146
Additions, following the sale of loan		99,589		48,695		143,803		95,797
Amortization		(36,706)		(34,267)		(71,924)		(68,470)
Pre-payments and write-offs		(7,100)		(4,347)		(12,409)		(9,446)
Ending balance	$	778,269	$	688,027	$	778,269	$	688,027

Summary of Components of Net Carrying Value of MSRs

Components of MSRs (in thousands)	June 30, 2020		December 31, 2019
Gross Value	$	1,281,002	$	1,201,542
Accumulated amortization		(502,733)		(482,743)
Net carrying value	$	778,269	$	718,799

Schedule of Expected Amortization of MSRs

	Expected
(in thousands)	Amortization
Six Months Ending December 31,
2020	$	72,786
Year Ending December 31,
2021	$	136,659
2022		122,719
2023		109,200
2024		94,794
2025		75,945
Thereafter		166,166
Total	$	778,269