MORTGAGE SERVICING RIGHTS (Tables)

9 Months Ended

Sep. 30, 2023

MORTGAGE SERVICING RIGHTS

Schedule of Activity Related to MSRs

	For the three months ended				For the nine months ended
	September 30,				September 30,
Roll Forward of MSRs (in thousands)	2023		2022		2023		2022
Beginning balance	$	932,131	$	978,745	$	975,226	$	953,845
Additions, following the sale of loan		42,495		45,454		104,644		182,753
Amortization		(50,276)		(47,391)		(149,185)		(140,846)
Pre-payments and write-offs		(2,604)		(9,038)		(8,939)		(27,982)
Ending balance	$	921,746	$	967,770	$	921,746	$	967,770

Summary of Components of Net Carrying Value of MSRs

Components of MSRs (in thousands)	September 30, 2023		December 31, 2022
Gross value	$	1,710,517	$	1,659,185
Accumulated amortization		(788,771)		(683,959)
Net carrying value	$	921,746	$	975,226

Schedule of Expected Amortization of MSRs

	Expected
(in thousands)	Amortization
Three Months Ending December 31,
2023	$	49,384
Year Ending December 31,
2024	$	187,062
2025		164,837
2026		139,019
2027		118,031
2028		95,632
Thereafter		167,781
Total	$	921,746