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MORTGAGE SERVICING RIGHTS (Tables)
12 Months Ended
Dec. 31, 2021
MORTGAGE SERVICING RIGHTS  
Schedule of Activity Related to MSRs

For the year ended December 31, 

 

Roll Forward of MSRs (in thousands)

    

2021

    

2020

 

Beginning balance

$

862,813

$

718,799

Additions, following the sale of loan

 

313,376

 

321,225

Amortization

 

(176,428)

 

(149,888)

Pre-payments and write-offs

 

(45,916)

 

(27,323)

Ending balance

$

953,845

$

862,813

Summary of Components of Net Carrying Value of MSRs

Components of MSRs (in thousands)

December 31, 2021

December 31, 2020

Gross value

$

1,548,870

$

1,394,901

Accumulated amortization

 

(595,025)

 

(532,088)

Net carrying value

$

953,845

$

862,813

Schedule of Expected Amortization of MSRs

  

Expected

(in thousands)

  Amortization  

Year Ending December 31, 

2022

$

175,191

2023

 

163,741

2024

 

143,803

2025

 

122,262

2026

 

102,269

Thereafter

246,579

Total

$

953,845