Mortgage Servicing Rights, Net (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31,
Mortgage Servicing Rights	2022		2021
Beginning Balance	$	563,488	$	528,983
Additions	36,200		48,138
Amortization	(28,107)		(26,870)
Ending Balance	$	571,581	$	550,251
Valuation Allowance
Beginning Balance	$	(13,186)	$	(34,254)
Decrease (increase)	1,200		11,248
Ending Balance	$	(11,986)	$	(23,006)
Net Balance	$	559,595	$	527,245

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 March 31,
	2022		2021
Servicing fees	$	35,945	$	32,676
Escrow interest and placement fees	1,017		971
Ancillary fees	5,674		2,687
Total	$	42,636	$	36,334