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Fair Value (Tables)
9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Undesignated Derivative Instruments
The fair value measurement of NVRM's undesignated derivative instruments was as follows:
September 30, 2020December 31, 2019
Rate lock commitments:
Gross assets$8,996 $8,132 
Gross liabilities667 497 
Net rate lock commitments$8,329 $7,635 
Forward sales contracts:
Gross assets$607 $377 
Gross liabilities1,078 920 
Net forward sales contracts$(471)$(543)
Fair Value Measurement
The fair value measurement adjustment as of September 30, 2020 was as follows:
Notional or
Principal
Amount
Assumed
Gain/(Loss)
From Loan
Sale
Interest
Rate
Movement
Effect
Servicing
Rights
Value
Security
Price
Change
Total Fair
Value
Measurement
Gain/(Loss)
Rate lock commitments$791,352 $1,995 $820 $5,514 $— $8,329 
Forward sales contracts$958,681 — — — (471)(471)
Mortgages held for sale$336,642 1,398 (63)2,950 — 4,285 
Total fair value measurement$3,393 $757 $8,464 $(471)$12,143 
Fair Value Measurements, Recurring and Nonrecurring
The following table presents the estimated fair values and carrying values of our Senior Notes as of September 30, 2020 and December 31, 2019. The estimated fair value is based on recent market prices of similar transactions, which is classified as Level 2 within the fair value hierarchy. 
September 30, 2020December 31, 2019
Estimated Fair Values:
3.95% Senior Notes due 2022$633,708 $626,520 
3.00% Senior Notes due 2030970,227 — 
Total$1,603,935 $626,520 
Carrying Values:
3.95% Senior Notes due 2022$598,768 $598,301 
3.00% Senior Notes due 2030919,214 — 
Total$1,517,982 $598,301