SERVICING RIGHTS (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]

Summary of servicing rights activity

	At or For the Three Months Ended
	June 30,
	2022		2021
Beginning balance, at the lower of cost or fair value	$	18,041	$	15,735
Additions		1,460		2,456
Servicing rights amortized		(985)		(1,831)
Impairment of servicing rights		—		(4)
Ending balance, at the lower of cost or fair value	$	18,516	$	16,356

	At or For the Six Months Ended
	June 30,
	2022		2021
Beginning balance, at the lower of cost or fair value	$	16,970	$	12,595
Additions		4,010		5,600
Servicing rights amortized		(2,465)		(3,885)
Recovery of servicing rights		1		2,046
Ending balance, at the lower of cost or fair value	$	18,516	$	16,356

Key economic assumptions and the sensitivity of the current fair value for single family mortgage servicing rights

				June 30, 2022			December 31, 2021
Aggregate portfolio principal balance				$	2,789,663		$	2,609,776
Weighted average rate of note					3.3	%		3.2	%
At June 30, 2022	Base			0.5% Adverse Rate Change			1.0% Adverse Rate Change
Conditional prepayment rate		8.8	%		9.4	%		10.4	%
Fair value MSR	$	34,098		$	33,334		$	32,420
Percentage of MSR		1.2	%		1.2	%		1.2	%
Discount rate		9.1	%		9.6	%		10.1	%
Fair value MSR	$	34,098		$	33,364		$	32,659
Percentage of MSR		1.2	%		1.2	%		1.2	%
At December 31, 2021	Base			0.5% Adverse Rate Change			1.0% Adverse Rate Change
Conditional prepayment rate		13.8	%		20.0	%		31.5	%
Fair value MSR	$	26,070		$	21,188		$	15,348
Percentage of MSR		1.0	%		0.8	%		0.6	%
Discount rate		9.1	%		9.6	%		10.1	%
Fair value MSR	$	26,070		$	25,586		$	25,119
Percentage of MSR		1.0	%		1.0	%		1.0	%

Mortgage servicing rights.

Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]

Valuation assumptions

	At June 30,		At December 31,
Key assumptions:	2022		2021
Weighted average discount rate	9.1	%	9.1	%
Conditional prepayment rate (“CPR”)	8.8	%	13.8	%
Weighted average life in years	7.6		5.9