Mortgage Servicing Rights, Net (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
Mortgage Servicing Rights	2022		2021		2022		2021
Beginning Balance	$	577,948	$	544,725	$	563,488	$	528,983
Additions	26,752		28,246		98,378		98,820
Amortization	(29,793)		(28,760)		(86,959)		(83,592)
Ending Balance	$	574,907	$	544,211	$	574,907	$	544,211
Valuation Allowance
Beginning Balance	$	(9,268)	$	(18,319)	$	(13,186)	$	(34,254)
Decrease (increase)	321		8,031		4,239		23,966
Ending Balance	$	(8,947)	$	(10,288)	$	(8,947)	$	(10,288)
Net Balance	$	565,960	$	533,923	$	565,960	$	533,923

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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Servicing fees	$	37,333	$	35,444	$	110,367	$	102,534
Escrow interest and placement fees	6,870		1,117		10,276		3,168
Ancillary fees	6,830		3,533		19,986		7,352
Total	$	51,033	$	40,094	$	140,629	$	113,054