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Mortgage Servicing Rights, Net (Tables)
 6 Months Ended
Jun. 30, 2020
Transfers and Servicing [Abstract]  
Summary of Changes in the Carrying Amount of Mortgage Servicing Rights

The changes in the carrying amount of MSRs were as follows (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Mortgage Servicing Rights
 
2020
 
2019
 
2020
 
2019
Beginning Balance
 
$
449,391

 
$
413,004

 
$
432,666

 
$
416,131

Additions
 
34,598

 
21,433

 
73,565

 
38,687

Purchases from an affiliate
 
108

 
424

 
200

 
722

Amortization
 
(23,624
)
 
(21,436
)
 
(45,958
)
 
(42,115
)
Ending Balance
 
$
460,473

 
$
413,425

 
$
460,473

 
$
413,425

 
 
 
 
 
 
 
 
 
Valuation Allowance
 
 
 
 
 
 
 
 
Beginning Balance
 
$
(36,578
)
 
$
(6,044
)
 
$
(19,022
)
 
$
(4,322
)
Decrease (increase)
 
(663
)
 
(6,598
)
 
(18,219
)
 
(8,320
)
Ending Balance
 
$
(37,241
)
 
$
(12,642
)
 
$
(37,241
)
 
$
(12,642
)
Net Balance
 
$
423,232

 
$
400,783

 
$
423,232

 
$
400,783
Schedule of Servicing Fees and Escrow Interest
Servicing fees are included in “Management services, servicing fees and other” on the accompanying unaudited condensed consolidated statements of operations and were as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Servicing fees
$
28,250

 
$
25,977

 
$
54,915

 
$
51,608

Escrow interest and placement fees
727

 
5,624

 
4,119

 
10,987

Ancillary fees
1,283

 
4,131

 
3,524

 
7,315

Total
$
30,260

 
$
35,732

 
$
62,558

 
$
69,910