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Mortgage Servicing Rights, Net (Tables) | 6 Months Ended
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Jun. 30, 2019
Transfers And Servicing [Abstract] |
Summary of Changes in the Carrying Amount of Mortgage Servicing Rights | The changes in the carrying amount of MSRs for the three and six months ended June 30, 2019 and 2018 are as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Mortgage Servicing Rights |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Beginning Balance |  | $ | 413,004 |  |  | $ | 386,953 |  |  | $ | 416,131 |  |  | $ | 399,349 |
Additions |  |  | 21,433 |  |  |  | 25,342 |  |  |  | 38,687 |  |  |  | 31,731 |
Purchases from an affiliate |  |  | 424 |  |  |  | 1,099 |  |  |  | 722 |  |  |  | 1,608 |
Amortization |  |  | (21,436 | ) |  |  | (20,011 | ) |  |  | (42,115 | ) |  |  | (39,305 | )
Ending Balance |  | $ | 413,425 |  |  | $ | 393,383 |  |  | $ | 413,425 |  |  | $ | 393,383 |
Valuation Allowance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | (6,044 | ) |  | $ | (5,427 | ) |  | $ | (4,322 | ) |  | $ | (6,723 | )
Decrease |  |  | (6,598 | ) |  |  | 4,084 |  |  |  | (8,320 | ) |  |  | 5,380 |
Ending Balance |  | $ | (12,642 | ) |  | $ | (1,343 | ) |  | $ | (12,642 | ) |  | $ | (1,343 | )
Net balance |  | $ | 400,783 |  |  | $ | 392,040 |  |  | $ | 400,783 |  |  | $ | 392,040 |
Schedule of Servicing Fees and Escrow Interest | Servicing fees are included in “Management services, servicing fees and other” in Newmark’s unaudited condensed consolidated statements of operations and are as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Servicing fees |  | $ | 25,977 |  |  | $ | 26,092 |  |  | $ | 51,608 |  |  | $ | 51,224 |
Escrow interest and placement fees |  |  | 5,624 |  |  |  | 3,867 |  |  |  | 10,987 |  |  |  | 6,834 |
Ancillary fees |  |  | 4,131 |  |  |  | 2,374 |  |  |  | 7,315 |  |  |  | 3,201 |
Total servicing fees and escrow interest |  | $ | 35,732 |  |  | $ | 32,333 |  |  | $ | 69,910 |  |  | $ | 61,259 |

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- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=68078379&loc=d3e122739-111746 + Details
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