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Loans Held for Sale, Net (Tables)
6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Summary of Loans Held for Sale

The following table summarizes loans held for sale as of June 30, 2020 and December 31, 2019 (in thousands):

 

 

 

June 30, 2020

 

 

December 31, 2019

 

Unpaid principal balance

 

$

214,382

 

 

$

216,054

 

Valuation adjustments

 

 

(1,307

)

 

 

(396

)

Deferred loan origination costs

 

 

(731

)

 

 

(1,191

)

Ending balance

 

$

212,344

 

 

$

214,467