Mortgage Servicing Rights, Net (Tables)

12 Months Ended

Dec. 31, 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):

	Year Ended December 31,
Mortgage Servicing Rights	2020		2019		2018
Beginning Balance	$	432,666	$	416,131	$	399,349
Additions	193,913		103,160		95,284
Purchases from an affiliate	200		1,489		3,107
Amortization	(97,796)		(88,114)		(81,609)
Ending Balance	$	528,983	$	432,666	$	416,131
Valuation Allowance
Beginning Balance	$	(19,022)	$	(4,322)	$	(6,723)
Decrease (increase)	(15,232)		(14,700)		2,401
Ending Balance	$	(34,254)	$	(19,022)	$	(4,322)
Net Balance	$	494,729	$	413,644	$	411,809

Schedule of servicing fees and escrow interest

Servicing fees are included in “Management services, servicing fees and other” on the accompanying consolidated statements of operations and were as follows (in thousands):

	Year Ended December 31,
	2020		2019		2018
Servicing fees	$	116,005	$	104,305	$	103,365
Escrow interest and placement fees	6,140		22,417		18,293
Ancillary fees	7,353		13,671		10,118
Total	$	129,498	$	140,393	$	131,776