MORTGAGE SERVICING RIGHTS (Tables)

9 Months Ended

Sep. 30, 2024

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)	2024		2023		2024		2023
Beginning balance	$	850,831	$	932,131	$	907,415	$	975,226
Additions, following the sale of loan		39,806		42,495		87,388		104,644
Amortization		(50,871)		(50,276)		(151,897)		(149,185)
Pre-payments and write-offs		(2,870)		(2,604)		(6,010)		(8,939)
Ending balance	$	836,896	$	921,746	$	836,896	$	921,746

Summary of Components of Net Carrying Value of MSRs

Components of MSRs (in thousands)	September 30, 2024		December 31, 2023
Gross value	$	1,771,026	$	1,733,844
Accumulated amortization		(934,130)		(826,429)
Net carrying value	$	836,896	$	907,415

Schedule of Expected Amortization of MSRs

	Expected
(in thousands)	Amortization
Three Months Ending December 31,
2024	$	49,924
Year Ending December 31,
2025	$	184,542
2026		159,434
2027		137,779
2028		108,028
2029		80,845
Thereafter		116,344
Total	$	836,896